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4 years ago

Lesson 2

Business

1 answer:

natali 33 [55]4 years ago

4 0

Answer:

1) Taxes are compulsory financial charges levied upon taxpayers by government entities in order to fund their activities.

2) The IRS is the government agency responsible for collecting federal taxes and enforcing federal tax law.

3) Capital gains taxes are taxes levied upon the profit resulting from the sale of non inventory assets (e.g. land, house, stocks, etc.)

4) Two examples of state taxes are: corporate state taxes and real property taxes.

5) A pay stub or a pay slip is a document that itemizes what an employer pays to its employee. It includes the salary minus the deductions made.

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In general, a larger R squared tends to suggest that:_______.

stiks02 [169]

Answer:

c. the estimated sample regression function explains a greater percentage of the explained variation in y

Explanation:

The above is the reason showing the direct correlation between the sample regression and the R Square value.

7 0

3 years ago

In its income statement for the year ended December 31, 2020, Kingbird, Inc. reported the following condensed data.

tekilochka [14]

Answer and Explanation:

The preparation of the multiple-step income statement is shown below:

Net Sales $2,415,700

Less: Cost of goods sold $1,314,300

Gross profit $1,101,400

Less: Operating expense -$736070

Operating income $365,330

Other revenue

Add: Interest revenue $31,590

Other expense

Interest expense $74,650

Loss on disposal of plant assets $18,990 $93,640 -$62,050

Net income $303,280

6 0

3 years ago

What is 6 times something equals 4,000

Reil [10]

Answer:

666.666667

Explanation:

If you work it backwards by divison, you would do 4,000/6.

This will give you 666.666667.

To double check your work, you can do 666.666667 x 6 which equals 4,000.

5 0

3 years ago

Present value with periodic rates. Sam Hinds, a local dentist, is going to remodel the dental reception area and add two new w

tekilochka [14]

Answer:

Why does the monthly payment plan have less total cash outflow each year?

Total paym. capital Interest

Q. Totales payments 32.362,50 25.000,00 7.362,50

AnnulaTotales payments 33.040,06 25.000,00 8.040,06

Compare the annual cash outflows of the two payments.

Total paym. capital Interest

Year 1 Quarterly 4.623,21 2.826,48 1.796,74

Year 1 Annual 4.720,01 2.845,01 1.875,00

Year 2 Quarterly 4.623,21 3.044,50 1.578,71

Year 2 Annual 4.720,01 3.058,38 1.661,62

Year 3 Quarterly 4.623,21 3.279,34 1.343,87

Year 3 Annual 4.720,01 3.287,76 1.432,25

Year 4 Quarterly 4.623,21 3.532,30 1.090,92

Year 4 Annual 4.720,01 3.534,34 1.185,66

Year 5 Quarterly 4.623,21 3.804,76 818,45

Year 5 Annual 4.720,01 3.799,42 920,59

Year 6 Quarterly 4.623,21 4.098,25 524,97

Year 6 Annual 4.720,01 4.084,38 635,63

Year 7 Quarterly 4.623,21 4.414,37 208,85

Year 7 Annual 4.720,01 4.390,71 329,30

Explanation:

Period Payment Capital Interest

1 1.155,80 687,05 468,75

2 1.155,80 699,94 455,87

3 1.155,80 713,06 442,74

4 1.155,80 726,43 429,37

5 1.155,80 740,05 415,75

6 1.155,80 753,93 401,88

7 1.155,80 768,06 387,74

8 1.155,80 782,46 373,34

9 1.155,80 797,13 358,67

10 1.155,80 812,08 343,72

11 1.155,80 827,31 328,50

12 1.155,80 842,82 312,98

13 1.155,80 858,62 297,18

14 1.155,80 874,72 281,08

15 1.155,80 891,12 264,68

16 1.155,80 907,83 247,97

17 1.155,80 924,85 230,95

18 1.155,80 942,19 213,61

19 1.155,80 959,86 195,94

20 1.155,80 977,86 177,95

21 1.155,80 996,19 159,61

22 1.155,80 1.014,87 140,93

23 1.155,80 1.033,90 121,90

24 1.155,80 1.053,29 102,52

25 1.155,80 1.073,03 82,77

26 1.155,80 1.093,15 62,65

27 1.155,80 1.113,65 42,15

28 1.155,80 1.134,53 21,27

Totales payments 32.362,50 25.000,00 7.362,50

Period Payment Capital Interest

1 4.720,01 2.845,01 1.875,00

2 4.720,01 3.058,38 1.661,62

3 4.720,01 3.287,76 1.432,25

4 4.720,01 3.534,34 1.185,66

5 4.720,01 3.799,42 920,59

6 4.720,01 4.084,38 635,63

7 4.720,01 4.390,71 329,30

Totales payments 33.040,06 25.000,00 8.040,06

6 0

3 years ago

Uncertainty about the exact lives of assets prevents precise maturity matching in an ex post (i.e., after the fact) sense even t

Marat540 [252]

Answer:

The correct answer is True.

Explanation:

In the accounting field, it is the determination of the amount of a game in the absence of rules or criteria that with absolute precision set the standard for a fixed or accurate calculation.

Accounting estimates are usually linked to the uncertainty surrounding the consequences of events that have occurred, or also with the occurrence or non-occurrence of uncertain events in the future.

The social administrators and management have to make decisions on accounting estimates of some items, members of the financial statements, since there are no registration and valuation rules that offer a solution for their exact determination. From here, in order to approximate the amount of these items, value judgments will be unavoidably used.

3 0

4 years ago