3 years ago

REFLECTION QUESTIONS

Business

1 answer:

telo118 [61]3 years ago

8 0

Answer:

Expenses must be close or above $2000 per month

Explanation:

For a business to operate at a profit, its revenues must exceed the expenses by a sizable proposition. Revenues refer to income from business activities, while expenses are the cost incurred in generating that income. Should the costs match or be higher than the revenue, a business will find it challenging to continue operating.

In this case, the business owner is generating revenues of $2000 per month. If he is struggling to stay open, it means the monthly expenses are around or above $2000. The $2000 that the business is generating per month is not sufficient to cater for all expenses and the desired profits. The business owner is probably making losses, and that why he is having trouble keeping the doors open.

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Tiptoe shoes, had annual revenues of $185,000, expenses of $103,700, and paid dividends of $18,000 during the current year. The

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<u>Calculation of ending retained earnings balance after closing:</u>

The balance in ending retained earnings after closing can be calculated as follows:

Balance in retained earnings account before closing $297,000

Add: Revenues $185,000

Less: Expenses $103,700

Less: Dividends $18,000

Ending retained earnings balance after closing = $360,300

Hence, The balance in ending retained earnings after closing is <u>$360,300</u>

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Answer:

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The $1,500,000 is not taxable because Detroit settled the case, Compensation received of damaging Goodwill is not taxable.

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In addition to a possible fine, when operating a vehicle on public or private property to avoid a traffic control signal or sign

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~Hello There!~

They would receive a 2 point moving violation.

Hope This Helps You!
Good Luck :)
Have A Great Day ^_^

- Hannah ❤

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3 years ago

You have a chance to buy an annuity that pays $2,500 at the end of each year for 3 years. You could earn 5.5% on your money in o

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Answer:

$6,744.83

Explanation:

We calcualte the present value of a three years annuity discounted at 5.5% considering their cashflow are 2,500

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 2,500.00

time 3

rate 0.055

$2500 \times \frac{1-(1+0.055)^{-3} }{0.055} = PV\\$

PV $6,744.8334

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3 years ago

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Answer:

This statement is True

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