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IgorC [24]
3 years ago
8

An authorization to start a business issued by the local government is a _____. fringe benefit zoning law business license liabi

lity
Business
1 answer:
Rina8888 [55]3 years ago
5 0

An authorization to start a business issued by the local government is a business license. A business license allows a person to run a business legally. The license is used for tax purposes with the government and so the government can control and regulate the business on the legal side. If you do not have a business license, then you are a sole proprietor and running the business for tax purposes from your social security number.

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Because "present value" refers to the value of cash flows that occur at different points in time, a series of present values of
Alecsey [184]

Answer: False

Explanation:

Present value is not the value of cash flows that occur at different points in time but rather the value of cash flows at the current point in time. The values can therefore be added up to determine the value of a capital budgeting project because they relate to the same time period.

This is the basic premise that the Net Present Value capital budgeting method works on. It discounts the various cash inflows to the present period, adds them up and then subtracts the cost of the project. If it is positive then the project is off good value.

4 0
3 years ago
What is the duties of business before transaction?
Veronika [31]

Answer:

Social responsibility of business implies that corporate managers must promote the interests of all stakeholders not merely of shareholders who happen to be the so called owners of the business enterprises.

Explanation:

hope it helps you

4 0
3 years ago
In addition to earning a bachelor's degree in education, what else do teacher candidates need to do in order to be eligible for
Contact [7]

Answer:

A. pass a series of state tests

Explanation:

After a student has graduated from college and they have their bachelor's degree, they need to then pass some state tests to show they know their subject area to get their teaching certificate. Hope this helps please give brainliest!

7 0
4 years ago
If a company fails to make an adjusting entry for deferred​ expense, the assets will be overstated. Assume the deferred expense
ivann1987 [24]

Answer: True .

Explanation:

In accrual accounting, revenue is entered when it is earned and expenses are entered when they are incurred.

Deferred revenue is money received by a company in advance of having earned it. In other words, deferred revenues are not yet revenues and therefore cannot yet be reported on the income statement.

As a result, the unearned amount must be deferred to the company's balance sheet where it will be reported as a liability.

When your company receives a customer deposit or prepayment on a sale, that payment occurs in advance of the actual sale and is therefore considered unearned revenue. Deferred revenue flows between the balance sheet and the income statement as revenue.

7 0
3 years ago
Will Jones, Pharoah is a small CPA firm that focuses primarily on preparing tax returns for small businesses. The company pays a
Reika [66]

Answer:

Total cost for 316 returns $3,962

Total cost for 408 returns $4,974

Total cost for 524 returns $6,250

Explanation:

The total cost incurred by Pharoah with the Mega Tax software is given by the fixed cost of $486, referring to the annual fees, added to the cost per tax return of $11 multiplied by the volume of returns filed (n):

C= \$486+(\$11*n)

i. if 316 returns are filed?  (n = 316)

C= \$486+(\$11*316)\\C=\$3,962

ii. If 408 returns are filed?  (n = 408)

C= \$486+(\$11*408)\\C=\$4,974

iii. If 524 returns are filed? (n = 524)

C= \$486+(\$11*524)\\C=\$6,250

Total cost for 316 returns $3,962

Total cost for 408 returns $4,974

Total cost for 524 returns $6,250

6 0
3 years ago
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