Answer:
tax expense: 34% 103,020 dollars
Explanation:
Sales 2,400,000
COGS 34% of sales<u> (816,000) </u>
Gross profit 1,584,000
other operating (1,200,000)
depreciation (80,500)
interest expense
450,000 x 9% (40,500)
gain on investment <u> 40,000 </u>
Income before taxes 303,000
tax expense: 34% 103,020
The dividends paid are not an expense or revenue for the period. is the distribution of prior period gains.
Answer:
d. Strategic management process
Explanation:
Strategic management process is the continuous improvement process and appraisals aimed at making a business more effective than its competitors.
It covers planning activities towards achievement of an organisations' present and future objectives.
This is exemplified by Neptune Inc. when it allocated and sectionalized its machinery and personnel, the main office was moved to a prime location that helps attract customers and facilitates competitive development.
Answer:
Milano Gallery Journal entry
Jan.1
Dr Copyright 270,000
Cr Cash 270,000
(To Record purchase of Copyright)
Dec.31
Dr Amortization Expense - Copyright 27,000
Cr Accumulated Amortization - Copyright 27,000
(To Record Copyright Amortization)
Amortization Expense of Copyright
= ($270,000 / 10years)
=$27,000
Explanation:
Since the copyright on oil painting on January 1 was 270,000 we have to debit copyright as $270,000 while credit cash as the same amount.
On Dec 31 the copyright of 270,000 also legally protects its owner for 10 more years which is why we divided 270,000 by 10 years making us to arrived at 27,000
Importation is the term used to describe the act of buying and securing goods from another country.
The answer to your question is,
B) Demand has increased.
When demand increases, so does price and same with quantity.
-Mabel <3