Answer:
$7.32K or $ 7,320 and $5.7098K or $5,709.8
Explanation:
Colby total sales : 14K
Week I: $35 K
week 2: $14 K
week 3: $24 K
week 4: $39 K
Total sales were $122 K($ 35+14+24+39)
Straight commissions total are 6% of all sales
=6/100 x $122
= $7.32K or $ 7,320
the total after taxes
The tax rate is 22%
Actual tax = 22/100 x $7.32
=0.22 x $7.32
=$1.6106
After tax = 7.32- 1.6102
=$5.7098K or $5,709.8
Answer and Explanation:
In the 1st Scenario, money is used as a unit of account, which means it is used to exchange goods or services.
In the 2nd Scenario, money is used for future saving or future use, so it is included in the Store of value.
In the 3rd Scenario, money is used for the purchase of food, So it is called the medium of exchange.
A capitated contract is a healthcare plan that allows payment of a flat fee for each patient it covers. Under a capitated contract, an HMO or managed care organization pays a fixed amount of money for its members to the health care provider.
<h3>What Is a Capitation Agreement? </h3>
A capitation agreement is an actual contract between the HMO or IPA and the medical provider or doctor. This agreement lays out the details and expectations between the two, including the fixed amount of money (fee) to be paid to the health care provider. There are three main kinds of capitation models: primary care, secondary care, and global capitation.
To learn about Capitation Agreement visit the link
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Answer:
In the wake of shutting overall gain/misfortune to the proprietor, capital record, the salary rundown will have a parity of O.
Explanation:
The equalization of Income summary accounts is a transitory record and is moved to portion the record the parity might be Income (if income is higher than costs) or Loss Of income is lesser than costs. At the point when the impermanent record close, its equalization comes back to zero Therefore, in the wake of shutting net gain/deficit to the proprietor, capital record, the pay rundown will have a parity of O.
Answer:
($23,000)
Explanation:
Cash flow from Investing Activities
Purchase of furniture ($ 8,000)
Proceeds from sale of Equipment $5,000
Investment in other companies ($20,000)
Net Cash used by Investing Activities ($23,000)
Notes :
Cash flow from Investing activities section of the cash flows statement shows the cash movement in acquisition of assets and sale of assets.