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aleksandr82 [10.1K]
3 years ago
11

A trait is a character quality. True or False

Business
2 answers:
makvit [3.9K]3 years ago
6 0
A trait is a character quality. so it is true
sergey [27]3 years ago
3 0

Answer:

True

Explanation:

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Tanner, Inc. incurred a financial and taxable loss for 2018. Tanner therefore decided to use the carryback provisions as it had
inessss [21]

Answer:

The refund claimed should be shown as a benefit due to loss carryback in 2018.

Explanation:

Since Tanner, Inc. incurred a financial and taxable loss for 2018. and decided to use the carryback provisions as it had been profitable up to this year, the amounts related to the carryback should be reported in the 2018 financial statements as a benefit due.

Tax loss carryback is when a corporation <u>retrospectively adjusts its tax returns for prior periods</u> if it incurs a net operating loss (NOL) in current period.

The loss carryback <u>generates a tax refund</u> for the business because it reduces previous year tax liability. After the carried back loss is applied, it will be <u>as though the business overpaid taxes the previous year; which will now be shown as a benefit in the current year</u>

4 0
2 years ago
Companies prefer that their working capital is a positive amount rather than a negative amount. True or false
Roman55 [17]

Answer:

True

Explanation:

The working capital is the difference between the current assets that is used in daily operations e g cash to current liabilities that are to be met in daily operations e g suppliers credit.

It's better kept at ratio 2:1 for the Company to continuously meets his obligations in order to ensure perpetuity.

5 0
3 years ago
The ability to read, understand, and analyze accounting reports and financial statements is critical in understanding ______.
Pie

Answer:

business operations

Explanation:

7 0
1 year ago
The relationship between the price of a good or service and the quantity demanded of that good or service described by the law o
Klio2033 [76]

This relationship described between the price and the quantity demanded is known as the <u>Price Elasticity of Demand (PED). </u>

<h3>What is the Price Elasticity of Demand?</h3>
  • It is a measure that shows the relationship between the price of a good and the quantity demanded of it.
  • Shows how sensitive quantity demanded is to a change in price.

When the PED is less than 1, it means that a change in price doesn't affect the quantity demanded as much. When it is more than 1, a change in price will lead to an even higher change in quantity demanded.

In conclusion, this is the Price Elasticity of Demand.

Find out more on PED at brainly.com/question/9235198.

8 0
2 years ago
Lance, Inc. has sales of 9,000 units. The contribution margin per unit is $32 and fixed costs total $120,000. Lance's profit is
Andrews [41]

With sales of 9,000 units, contribution margin per unit of $32 and fixed costs total of $120,000, Lance's profit is $168,000.

<h3><u>What is contribution margin?</u></h3>
  • A gross or per-unit basis might be used to express the contribution margin.
  • It indicates the additional revenue made for each product or unit sold after the variable element of the business's costs have been subtracted.
  • The selling price per unit less the variable cost per unit is the contribution margin.
  • The metric, also known as dollar contribution per unit, shows how a specific product affects the company's overall earnings.

Contribution margin offers a means of demonstrating the potential for profit of a specific product being offered by a business and displays the percentage of sales that goes toward paying the business' fixed costs. Profit is the amount that remains after fixed expenses have been paid.

Number of units sold = 9,000.

Contribution margin per unit = $32.

Expenses = $32 × 9000 = $2,88,000.

Profit = $2,88,000 - $120,000 = $1,68,000.

Know more about contribution margin with the help of the given link:

brainly.com/question/14950546

#SPJ4

8 0
11 months ago
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