Id say its A, because entrepreneurs start a business to make a profit.
Answer:
c. Wilma (and each of the members) pays taxes on their $1 million share ($5 million divided by 5) of profits.
Explanation:
Data provided in the questions
Generated profits = $5 million
Reinvested amount into the company = $4 million
Out of which $1 million is to be divided equally
based on the above information, the federal income tax should be paid by 5 members of $1 million each
Hence, the option c is correct
And all other options are wrong
Answer:
Period costs are expensed when incurred and Period costs do not flow through the inventory accounts.
Explanation:
Period Costs are not included in the valuation of the product and these mostly include all non-manufacturing costs. They are included as an expense in the period in which they are incurred.
The answer
is False, whereas training focuses on specific job-related skills, development
is aimed at helping managers improve more general skills such as time
management, motivating employees, and solving problems. <span>Cognitive
ability tests are seen as aptitude tests because they focus on the question of
whether the person will be able to perform some specific task in the future.</span>
Answer:
a. $ 10,410
Explanation:
Balance per books $ 10,500
Less: NSF Checks $ ( 110)
Add: Interest earned <u>$ 20</u>
Adjusted balance per books $ 10,410
The NSF checks is reduced from the book balance as the books would have included it as a positive balance.
The interest earned has to be added to the book balance as this information would have not been available with the book.
The outstanding checks represent checks issued by the company and thus would already have been recorded in the books.
the deposits in transit would also have been recorded in the books.
