Employers are required to take a deduction for social security taxes.
Answer:
$38 million.
Explanation:
From the question, we are given the following data or information;
A subsidiary has previously unreported brand names valued = $50 million at the date of acquisition.
Impairment testing reveals that the brand names were impaired by $5 million in the first year.
Impairment testing reveals that the brand names were impaired by $7 million in the second year.
Therefore, Eliminating entry (E) will include a(n):
=> $(50 - 5 - 7) million = $38 million.
Answer:
Following are the reason to promote or to improving the E-commerce practices is given below .
Explanation:
- Upselling the product it is the process of convincing the client to buy the product that are identical to which they're staring at, however it has possibility that product may be higher price.
- Enhancing the feature live chat that allows the clients to give the advice as well as convey the issues such as strategic objective, exchange rates and enhancing the shopping experience.
- Adding the phone number in the website it makes solve the problem of the customer in the easy manner .
- Offering the free delivery it will improve the E-commerce facilities as well as send gifts to the purchaser it will enhance the E-commerce.
Complete question :
Your company has sales of $101,500 this year and cost of goods sold of $66,300. You forecast sales to increase to $118,900 next year. Using the percent of sales method, forecast next year's cost of goods sold. The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career The forecasted cost of goods sold (COGS) is $ ___________ (Round to the nearest dollar.)
Answer:
$77,666
Explanation:
Given the following :
Sales for the year = $101,500
Cost of goods sold =$66,300
Forecasted increase in sales for next year = $118,900
Forecasted cost of goods sold for next year =?
Percentage cost of goods sold for this year:
Cost of goods sold / sales for this year
$66300/$101500
= 0.6532019
Forecasted cost of goods sold for next year:
(Forecasted increase in next year's sale * % cost of goods sold for this year)
= 118,900 * 0.6532019
= $77665.714
= $77666 ( nearest dollar)
Answer:
Revenue recognition
Explanation:
Correct word for the given statement is Revenue recognition
Revenue recognition is a proper accounting rule (GAAP) that distinguishes the particular conditions wherein income is perceived and decides how to represent it. Normally, income is perceived when a basic occasion has happened, and the dollar sum is effectively quantifiable to the organization.
