Answer:
net income increased by $1,537.50
Explanation:
Obviously, the original income statement is missing, so I looked for a similar question:
sales revenue $16,500
COGS <u>($9,300)</u>
Gross profit $7,200
Operating exp.:
- Administrative $950
- Depreciation $1,300
- Shipping $412.50 <u>($2,662.50)</u>
Net income $4,537.50
net income increased by $4,537.50 - $3,000 = $1,537.50
False, Employers who mandate the use of personal mobile devices at workplace are not required to pay back their staff members' cellular voice and data costs.
More about mobile devices in the workplace:
Businesses are using mobile devices to increase productivity because the nature of the workplace is changing, altering how, when, and where many of us work.
Despite the fact that mobile solutions have long been a key factor in businesses' success, the pandemic has really brought to light the many ways they boost productivity in the workplace. This occurs at a time when it may be more important than ever for organisations and employees to operate at optimal efficiency.
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The reported value of this company's ending inventory if LCM is applied to individual items is $870.
<h3>What is reported value?</h3>
The value of any assets or liabilities or any such credentials, which is recorded in the books of official record for the purpose of accounting as per the standards, is known as the reported value.
The computation of the reported value in the given condition will be,
- Item 1 – 5 Units x $45= $225;
- Item 2 – 7 units x $60= $420;
- Item 3 – 9 Units x $25= $225.
The summation of all the reported values will be,
$(225+420+225)= $870.
Hence, the reported value of the inventory of the company is as aforementioned.
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Answer:
A. N0
B. She may likely bargain for the payments that was reason been that she expects the payments to be in a lower marginal tax bracket in 2021
C. NO
Explanation:
a. No .Based on the information given the amount of $252,000 was NOT constructively received in the year 2020 reason been that She has the amount of $132,000 which is a deferred income amount that
is not constructively received in 2019 and the reason why the amount was not received was because been under the main contract terms she did not have the sole right to receive the income in the year 2020.
b. Freda's willingness to spread her salary over a longer period of time may be due to the fact that She may likely bargain for the payments reason been that she expects the payments to be in a lower marginal tax bracket in the year 2021
c. Based on the information given she is NOT in constructive receipt of the income in the year 2020.
Answer:
Our easy-to-use Image Resizer lets you adjust the size of your photos without compromising quality. ... accidentally distort your images, and the fun house look isn't the most flattering for photography. ... The best part, this step is super easy!
Explanation:
