Answer:
Net Income 516,000
Explanation:
Net income = revenue - expenses
sales revenue 1,318,000
COGS (549,000) (A)
Operating expenses <u> (253,000) </u>
Net Income 516,000
(A)
<u>To calculate the COGS we will use the inventory identity</u>
50,000 + 554,000 = 55,000 + COGS
50,000 + 554,000 - 55,000 = COGS
COGS = 549,000
Answer: Economic challenges
Explanation:
Economic challenges is what affects most and any organization. When this occurs, companies are forced to relieve some staff especially those who earn way much and which the company can't afford to pay them any longer or those who are close to retirement. These activities can affect the HRM, making them to consider ways to cut cost for the company in managing humans
Answer:
Q's NIIT is $5,776
Explanation:
Net Investment Income Tax (NIIT) is imposed through the Section 1411 of the IRC (Internal Revenue Code). It is applied at the rate of 3.8% to the net investment income of individuals.
The threshold amount for Single amounts to $200,000.
In this case, the modified adjusted gross income was $352,000 which is more than the threshold income. So, at 3.8% rate it will applied.
Net investment income = Profit - fees
= $352,000 - 0
= $352,000
Therefore, the threshold limit will be excluded. So, the remaining balance will be $152,000
= $152,000 × 3.8%
= $5,776
Note: This is the correct answer.
Answer:
Answer for the question :
"Nova Corporation hired a new product manager and agreed to provide her a $50,000 relocation loan on a six-month, 5 percent note.a. The company loans the money on January 1.b. The new employee pays Nova the interest owed on the maturity date.c. The new employee pays Nova the full principal owed on the maturity date.Prepare journal entries to record the above transactions for Nova Corporation. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) "
is in the attachment.
Explanation:
the answer is true because of the competition