Answer:
Comprehensive income as of 31st December is $320,000.
Explanation:
Comprehensive income = Operating profits + Unrelated profits.
The value of unrelated profit is the profit realised as a result of the disposal of debt securities, which does not form part of the core operation of the company which is therefore unrelated.
Comprehensive income is therefore=(Sales revenue - Cost of goods sold + Operating expenses) + Net of tax.
Comprehensive profit =($800,000 - $600,000 + $90,000) + $30,00
= $320,000.
Comprehensive income as of 31st December, is therefore $320,000.
<span>Question- Characteristics of a successful business
Answer- </span>Using a simple grading system- Characteristic – Leadership-<span>Business Culture</span><span>
</span>
If a taxpayer may choose to accept a reduced market rate of return on an investment to take advantage of a tax preference associated with the investment. in such case, the taxpayer will pay a/an: Implicit tax.
<h3>What is Implicit tax?</h3>
Implicit tax can be defined as the extra amount that a person pay for an assets if the owing the assets does not include any form of benefit. on the other hand it can as well be defined as the decline in the income of a person after deducting all necessary deduction such as tax in a situation were the income of the person increase.
A taxpayer that choose top accept reduced market rate of return on their investment or assets due to the benefit they want to derived for doing that will have to pay implicit tax.
Therefore this is an example of implicit tax.
Learn more about implicit tax here:brainly.com/question/29436732
#SPJ1
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
For the past few years, your company has sold 50,000 units of goods each year at a selling price of $25/unit. Fixed production costs were $300,000 and variable costs were $8 per unit. The Marketing Department advises you they believe sales will increase to 68,000 units next year.
A) Fixed costs= 300,000
Variable costs= 8*68,000= 544,000
Total= 844,000
Cost per unit= 844,000/68,000= 12.41
B) Profit= (25*68000) - 844,000= $856,000
Answer:
The correct answer is A) locking in customers
Explanation:
Basically, closing a customer is getting a commitment from the potential buyer. Closing sales means helping the customer make a decision.
When a seller makes the presentation of the product and its benefits to the user of the product, objections arise. These should not be viewed negatively, since in many cases objections are a sign of interest.
