Ensure that the email is written in a concise, professional, and clean matter devoid of spelling and grammar errors
Answer:
Option (C) $178
Explanation:
Data provided in the question:
Startup expense incurred by the business = $9,000
Now,
The start-up costs and organizational expenses are deducted over a time period of 180 months
also,
$5,000 can be deducted in the first year by the startup expense.
Therefore,
Amortization amount reported as a "other expense" on Schedule C per month
= [ Startup expense - $5,000 ] ÷ 180
= [ $9,000 - $5,000 ] ÷180 = $22.22
for the year = $22.22 × Number of months left in the year from May
= $22.22 × 8
= 177.78 ≈ $178
Hence,
Option (C) $178
Answer: 12
Explanation: The ratio of number of times an inventory is used or sold in a specific period , generally a year, is called inventory turnover ratio. It can be computed by using the following formula :-
= 
where,
cost of goods sold = beginning inventory + net purchase - ending inventory
= $50,000 + $460,000 - $30,000
= $ 480,000
average inventory = 
=
= $40,000
so,
inventory turnover ratio = 
= 12
Answer:
D --> 3
B --> 2
A --> 1
C --> 4
Explanation:
1.- The company should pick the most probable outcome when possible to evaluate liabilities, and only recognize revenues and assets with certain.
Between two favorable figures, it will pick the lowest if it is not certain about the second outcome.
2.-The accounting should disclosure all information useful for third parties to make knowledgeable decisions about a company
3: the accounting should keep the same method over the years, so the assets valuation follow a certain logic. If the accounting change method every year, then the valuation of the assets will differ from period to period. This will make the books of previous year difficult to compare with the current year.
4.- The company needs to show any important data which is significant to the business
Explanation:
A company's leadership team is an essential part of the company's strategic development and decision-making process.
Therefore, the leadership team will directly influence organizational performance in the short and long term, in the sense that this team will be responsible for the strategic planning that will contemplate the long term in the organization and help it to reach its goals and objectives.
The decision-making process, on the other hand, will impact the company in the short term and will be essential for the decisions made to be beneficial for the improvement of organizational processes and the achievement of competitive and financial advantages.
