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nataly862011 [7]
3 years ago
9

Catherine sat down with all of her income details from the past year to calculate the total income she had in that period. After

she created a
consolidated income statement, she deducted some tax-exempt income details from the statement. What term would Catherine use for this final income calculation?
Business
1 answer:
Nataliya [291]3 years ago
4 0

Answer:

Adjusted Gross Income

Explanation:

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The study of economics is primarily concerned with:
IgorC [24]
Choices/ The way goods and services are produced and provided to consumers, and to used by them.
5 0
2 years ago
The LaGrange Corporation had the following budgeted sales for the first half of the current year:
Oxana [17]

Answer:

$168,250

Explanation:

Total Cash Collection would include cash collected from both Cash Sales and Credit Sales.

<u>Summary for Calculation of January Cash Collected</u>

Cash Sales                                                        $60,000

Credit Sales :

For January Sales ($160,000 × 45%)              $72,000

For December Sales ($55,000 × 55%)           $30,250

For November Sales ($30,000 × 20%)             $6,000

Total Collection                                               $168,250

Conclusion :

The total cash collected during January by LaGrange Corporation would be $168,250

3 0
3 years ago
What is a similarity between trade sales promotion and consumer sales promotion?
lubasha [3.4K]

Answer:

Both focus on providing incentives to consumers or wholesalers to make an immediate purchase.

Explanation:

Trade sales promotion serves a purpose of taking products out of warehouses to points of retails where consumers can make purchases. The consumer sales promotion pulls customers into retail stores to promotional display units, giving shoppers the incentive to make an immediate purchase.

The Consumer sales promotion and trade sales promotions share a similarity. They are both used in helping to drive short-term consumer demand for products by giving consumers or wholesalers the incentive to purchase now or incentive to make an instant payment.

3 0
3 years ago
Plutonic Inc. had $400 million in taxable income for the current year. Plutonic also had a decrease in deferred tax assets of $5
andrew-mc [135]

Answer:

Deferred tax is increased by $130 million

Explanation:

We have given income = $400 million

Company is subject to a tax rate of 40 %

So tax rate = 40 %

So current Tax = $400×40%= $160 Million

Decrease in deferred tax assets of 50 million result in increase in tax expense

Hence total Tax Expense= $160+$50= $210 Million

But it is given that expense is only $80 million

So change in deferred tax is increases by = $210 - $80 = $130

So deferred tax is increases by $130 million

6 0
3 years ago
"Buy our cell phone with built-in calendar and reminder features! This way you will never forget an appointment while on the go.
Ilya [14]
The correct answer is fears

People are often afraid of being late for important meetings or job interviews or anything similar, so if you buy the cell phone, you have nothing to fear. This is a pretty common marketing strategy.
8 0
3 years ago
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