Trading centers in other countries helped the mother country in all of the following ways except for...
Answer: Out of all the options that are shown above the one that is not a way that trading centers helped the mother country is answer choice A) becoming more self-sufficient.
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Answer:
$19,790
Explanation:
A taxpayer’s tax base for computing a self-employed taxpayer’s self-employment tax (i.e., net earnings from self-employment) is the taxpayer’s net business profit from Schedule C multiplied by 92.35%.
So, Alice’s net earnings from self-employment is her net profit from Schedule C of $150,000 x 92.35% = $138,525.
Alice will owe $15,773 ($127,200 maximum amount x 12.4%) in Social Security taxes and $4,017 ($138,525 x 2.9%) for the Medicare component of FICA taxes.
Alice owes total self-employment tax of $19,790 ($15,773 + $4,017).
She is not subject to additional Medicare tax because her net earnings from self-employment do not exceed $200,000.
Answer:
Unitary variable cost= $8.08
Contribution margin= $15.92
Explanation:
Giving the following information:
Direct materials $4.98
Direct labor 2.10
Variable factory overhead 1.00
The variable cost per unit is the sum of direct material, direct labor, and variable overhead.
Unitary variable cost= 4.98 + 2.1 + 1= $8.08
The contribution margin per unit is the difference between the selling price and the unitary variable cost:
Contribution margin= 24 - 8.08= $15.92
These gains and losses may be described or classified as either operating or nonoperating, depending on their relation to an entity's major ongoing or central operations.
<h3>What does Conceptual Framework say about profit and loss?</h3>
- The Exposure Draft proposed that, because profit or loss is the primary source of information about an entity's financial performance for the period, the framework should include a presumption that all income and all expenses will be included in that statement.
- The FASB's conceptual framework classifies gains and losses based on whether they are related to an entity's major ongoing or central operations.
- Nonoperating are “other” gains and losses.
To learn more about Fasb gain and loss, refer
to brainly.com/question/24448358
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Answer:
D. Actions by governments rarely significantly affect business
Explanation:
Business-socciety interdependence points out how business activities impact society and how society impacts business decisions. Government actions play a significant role in business performance. For example, an increase in interest rate increases the cost of borrowing and acts as an investment disncentive. Likewise, an increase in corporation tax stifles the incentive to invest and reduces corporate profit. Other government interventions such as standards and regulations, minumum wage legislations, permits and licenses would not only reduce business profits but could make doing business very cumbersome. Also, the extent to which the government is committed to maintaining political stability could determine the extent to which invesmtent thrives in an economy.
