What’s on the information technology unit test?
Answer:
The annual rent is $42,620
Explanation:
The computation of annual rent is shown below:
= Annual rent + (rate × gross sales)
where,
The annual rent is
= Monthly rent × total number of months in a year
= $2,800 × 12
= $33,600
The rate is 4%
The excess gross sales is computed by
= Annual gross sales - gross sales
= $725,500 - $500,000
= $225,500
Now put these values to the above formula
So, the answer would be equal to
= $33,600 + (4% × $225,500)
= $33,600 + $9,020
= $42,620
Hence, the annual rent is $42,620
The statement "bikes shortage should be developed" is correct.
The following information should be considered:
- In the case when the firm wants to sell the product at a lower price so there should be a product shortage.
- The demand and supply should not achieve at equilibrium.
- There is no inelastic demand that should be developed.
- The no of bikes generated should not be increased.
Therefore we can conclude that The statement "bikes shortage should be developed" is correct.
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The US internal revenue service taxes the taxable income of corporations as well as the taxable investment income of the firms’ shareholders' double taxation of dividends.
Revenue is the entire quantity of income generated by means of the sale of products or services related to the organization's number one operations. Revenue, additionally known as gross income, is regularly known as the "top line" as it sits at the pinnacle of the income declaration. Profits, or net earnings, are an agency's general profits or income.
In accounting, revenue is the entire quantity of profits generated by using the sale of goods and services related to the primary operations of the business. commercial sales will also be known as income or as turnover. Some corporations get hold of sales from interest, royalties, or different expenses.
Whilst comparing sales vs income you have to understand that “sales” refers to the total amount of cash a company generates before getting rid of any fees. “income”, then again, is equal to sales minus the fees of doing commercial enterprise, which include depreciation, hobby, taxes, and other expenses.
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