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3 years ago

What was your annual net income for your most recently filed tax year?

Business

1 answer:

Bond [772]3 years ago

7 0

Explanation:

Incomplete question. However, i infer you want to know what the annual net income implies.

Thus, itis important you know that the annual net income is calculated after taxes are deducted from the total salary one earns in a year's. So to determine the value, you need to know the total taxes for the year.

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Madison Corporation's production cycle starts in the Processing Department. The following information is available for April: Un

Nastasia [14]

Answer:

Equivalent units = 270,000

Explanation:

Under the weighted average method of valuation, to account for completed units, it is assumed that the entire degree of work required is done in the period under consideration. So there is no separation of the completed units into opening inventory and fully worked.

Completed Units= total units in process during April - Closing WIP

= 280,000 - 25,000 = 255,000

Note that the description 'total units in process in during April', implies that the opening inventory is inclusive in the figure of 280,000.

Equivalent units = degree of completion(%) × units

Item Equivalent units

Completed units 255,000 255,000× 100% = 255,000

Closing work in progress 25,000 25,000× 60% = 15,000

Total equivalent units 270,000

Equivalent units = 270,000

6 0

3 years ago

I need help on this question please

Vinil7 [7]

Answer:

the growth of real Gdp is a

5 0

3 years ago

What effect might the government have on oligopolies? In oligopolies, the government might A. promote competition with a paten

fenix001 [56]

Answer:

C. impose barriers to entry with a copyright, which allows only the government to supply a good or service.

Explanation:

The oligopolies is a market or industry where there exist small but large sellers and hence form an market competition and hence lead to higher prices to the consumers. As they have their market structures. Entry barriers include high investment and strong consumer liabilities.'

Thus governments can set barriers to entry of these firm as to market only those goods and services that the government recommend fit for the sales

3 0

3 years ago

Identify each of the following accounts as a component of asset (A), liabilities (L), or equity (E). Account Balance sheet secti

brilliants [131]

Answer:

a. asset (A)

b. liabilities (L)

c. equity (E)

d. asset (A)

e. liabilities (L)

f. equity (E)

g. equity (E)

h. liabilities (L)

Explanation:

A Balance sheet shows the balance of assets, liabilities and equity at the reporting date.

Assets are economic resources controlled by the entity such as equipment and cash.

Liabilities are obligation that arise such as wages payable and tax payable.

Equity is the residue after deducting liabilities from assets. it represents the owners contribution through equity and retained income.

6 0

3 years ago

Coronado's Place recorded the following data:

Lorico [155]

Answer:

The weighted average unit cost of the inventory at January 31 is $496

Explanation:

Weighted Average unit cost the average cost of units on hand on each day. It is calculated by dividing total inventory value by total available units.

Date Unit Received / Sold On Hand Unit Cost Balance

1/1 Inventory 540 units at $2.80 540 $1,512 $1,512

1/8 Purchased 960 units at $2.3 1500 $2208 $3,720

1/12 Sold 1,300 at ($3,720/1500) 200 $3,224 $496

4 0

3 years ago