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3 years ago

Gross income minus any adjustments, deductions, and exemptions is known as

Business

2 answers:

timurjin [86]3 years ago

8 0

Answer:that is taxable income for apex

Explanation:

puteri [66]3 years ago

4 0

That would be known as taxable income

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Complete the following statements using either "debit" or "credit":

Gekata [30.6K]

Answer:

a Debit

b Credit

c Debit

d Credit

e Credit

f Credit

g Debit

h Debit

i Debit

Explanation:

The rules are that increase in assets such as cash account ,delivery equipment,accounts receivable are debited while the reverse is done for reduction in assets.

The increase in liability accounts and revenue such as accounts payable and revenue account delivery fees are normally credited while the reverse applies to decrease in liabilities.

The increase in expense is normally debited while the reduction in expense is a credit.

The increase in capital account is a credit

4 0

3 years ago

1) Decide whether you would expect relationship between the following pairs of dependent and independent variables (respectively

kvasek [131]

Answer:

(a) GDP is a dependent variable and aggregate net investment is a independent variable. There is a positive relationship between the variables which means that an increase in the net investment will lead to increase GDP.

(b) There is a negative relationship between the variables which means that as the supply of wheat increases, as a result price of wheat falls. So, as the number of acres of wheat planted in a season increases as a result price of wheat decline.

(c) There is a negative relationship between the variables which means that an increase in the interest rate in an economy will lead to increase the cost of borrowings and hence, net investment falls.

(d) There is a negative relationship between the variables because of the law of demand. It states that an increase in the price of a commodity will lead to reduce the quantity demanded for that commodity.

(e) There is no relationship between these variables. Both the variables are totally uncorrelated.

4 0

3 years ago

2. The city of Glendale borrows $48 million by issuing municipal bonds to help build the Arizona Cardinals football stadium. It

lisov135 [29]

Answer:

$5,917, 965.66 per year

Explanation:

The $48 million will represent the value of all annuities after ten years. The get the amount the city of Glendale should be saving each year, we apply the present value of annuity formula, which is as below.

P = PV × r / 1 − (1+r)−n

P is value of each payment

PV = present value of annuity : $48,000,000.00

r =interest rate : 4 % = 0.04

n: number of periods: 10

P = $48,000,000 x {0.04/(1-(1+0.04)-10}

P = $48,000,000 x {0.04/ 1-0.6755641688)

P =$48,000,000x (0.04/0.3244358312)

P= $48,000,000 x 0.123290951

P= 5,917, 965.66 per year

3 0

3 years ago

Which criteria would be the ranked most important when an organization is choosing off-the-shelf software

Naddika [18.5K]

The two most important criteria are functionality and ease of installation

4 0

3 years ago

Shoe Company makes loafers. During the most recent year, Perfect Fit incurred total manufacturing costs of $ 26 comma 100 comma

skad [1K]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Total manufacturing costs= $26,100,000

Direct material= $2,000,000 used

Direct labor= $19,800,000

Beginning Direct Materials= $700,000

Begining Work-in-Process Inventory= $1,200,000

Beginning Finished Goods Inventory= $500,000.

Ending Direct Materials= $900,000

Ending Work-in-Process Inventory= $1,900,000

Ending Finished Goods Inventory= $420,000.

First, we need to calculate the cost of raw material purchased using the following formula:

Direct material used= beginning DM + purchases - ending DM

2,000,000= 700,000 + purchases - 900,000

400,000= purchases

Now, we can calculate the cost of goods manufactured using the following formula:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 1,200,000 + 26,100,000 - 1,900,000

cost of goods manufactured= 25,400,000

With this information we are in conditions to calculate the cost of goods sold:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 500,000 + 25,400,000 - 420,000= 25,480,000

7 0

3 years ago