If the building is lease to a person who owns a grocery store. The Form 1040 schedule that the income and expenses are reported is: Schedule E.
<h3>What is Schedule E?</h3>
Schedule E can be defined as the type of form that is used to record or report income and expenses that has to do with rental.
Based on the informatioin given both the rent income and rent expenses will be reported under schedule E.
Inconclusion the income and expenses are reported in Schedule E.
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Answer:
C. a prospectus.
Explanation:
Before a firm make an offering of its securities public, it must provide investors with prospectus as it contains the aims, purpose and objectives of the firm. All relevant information about the firm is contained therein.
Prospectus provides clarity to intending investors such as shares to be offerred for sale, issues on tax to be paid, investment policies, component of the fund and shares redemption etc. It is a legal document required by securities and exchange commission which gives information of an investment offering to the public about the sale of securities such as stocks, shares, bonds etc.
The prospectus must also give a concise information because investors will rely on it whether to invest by reviewing the investment fund and to check whether to invest in such fund.
False. Phishing is usually considered emails that are sent that look genuine but are actually from scammers trying to obtain personal or financial information.
Answer:
Yes, Omaha department store would be better off by $23000.
Explanation:
Given: Sales revenue= $350000.
Cost of goods sold= $280000.
Sales commission= $30000.
Fixed operating cost= $90000.
Now, computing net profit or (loss)
Net profit/loss=
∴ Net profit/loss=
⇒ Net profit/loss=
∴ Net loss=
∴ Yes boot department should be closed, as Omaha department store is better off by $23000.
The correct answer is; Cost leadership strategy
Further Explanation:
Cost leadership strategy is used by numerous top companies in the world. They use this strategy so it can increase their profits at the same time as reducing their costs. The prices won't stay the same so they can keep up with the competition. Since the costs are down for each item they can lower the price and still have a good profit.
Walmart relies on this business model and its one of the reasons they are the most profitable big business in the world.
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