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2 years ago

The following items were among those reported on Lee Co.'s Income Statement for the year ended December 31, 20x5:

Business

1 answer:

coldgirl [10]2 years ago

4 0

Answer:

C. $410,000

Explanation:

Administrative and general expenses in Lee's multiple - step income statement is $410,000

i.e the Legal and audit fees $170,000 and Rent for office space $240,000 which will amount to $410,000

Note: General and Administrative expenses are incurred in the day-to-day operations of a business and are not tied to a specific function or department within the organisation.

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Remodeling is an<br> A. neither. B. Asset. C.expense

nikklg [1K]

Answer:

C expense meaning cost money

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2 years ago

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Assume Gillette Corporation will pay an annual dividend of 0.61 one year from now. Analysts expect this dividend to grow at 11.5

SashulF [63]

Answer:

I'm so sorry but I do not know the answer to these kind of a question : )

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1 year ago

Tax cuts _________.A) and increases in government expenditures shift aggregate demand right.B) and increases in government expen

Pie

Answer: A. and increases in government expenditures shift aggregate demand right.

Explanation: Government expenditures or spending affect the aggregate demand, because it is one of the component of aggregate demand. If there is an increase in government spending the aggregate demand will shift to the right.

When there is tax cut or reduction in tax, there will be more disposable income which will increase consumption and savings and in turn shift the aggregate demand to the right.

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3 years ago

Business ethics are not divorced from personal ethics, which are generally accepted principles of right and wrong goverming the

777dan777 [17]

Personal ethics

Explanation:

Personal ethics applies to the ethics that a person who identifies with in respect to the people and circumstances that they contend with in everyday life. Professional ethics means the ethics a person has to adhere to in relation to their professional relationships and business transactions.

The principles of personal ethics are:

Concern and respect for the autonomy of others.
Honesty and the willingness to comply with the law.
Fairness and the ability not to take undue advantage of others.

Ethics also shield members from harmful actions, such as success, money and power. They also help individuals gain a sense of truth and meaning of life. Unless you have some idea of knowing what is right and what is wrong people have no way to live and feel free to do whatever they want.

An ethical culture community offers a culture that supports the ethical conduct of the organization's members. Unethical conduct is any activity of a member who does not comply with the standards established by the organization's culture.

7 0

3 years ago

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Advice from most financial advisers states to spend no more than 28% of one's gross monthly income for one's mortgage payment, a

meriva

Answer and Explanation:

The computation is shown below:

a. For the maximum amount that spend each month on mortgage payment is

= Gross annual income ÷ total number of months in a year × mortgage payment percentage

= $39,600 ÷ 12 months × 28%

= $924

b. . For the maximum amount that spend each month on total credit obligatons

= Gross annual income ÷ total number of months in a year × mortgage payment percentage

= $39,600 ÷ 12 months × 36%

= $1,188

c. Now the maximum amount spend for all other debt is

For monthly mortgage

= $924 × 70%

= $646.8

And, for mortgage debt

= $1,188 × 70%

= $831.60

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3 years ago