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Alinara [238K]
3 years ago
8

True or False: You do not need to pay taxes if you earn income in cash.

Business
1 answer:
Mekhanik [1.2K]3 years ago
4 0
It is definitely false
You might be interested in
What is the difference between an authorized dealer and an agent?
Bess [88]

Answer:

<u>the main difference is in their commissions</u>

<u>Explanation:</u>

An authorized dealer is a term to describe anyone who is independent of a  particular business (company), and yet sell the products or services of the business to their customers. In such case, the authorized dealer adds their own margin to cover their costs and profit.

However, an agent is an intermediary appointed by a business to negotiate with customers on behalf of the company (business). Hence, the company or business pays the agents commissions on the sales they make.

7 0
3 years ago
Assume a companys income statefor year 9 is as follows:
Fofino [41]

Answer:

14.91 and 24.77%

Explanation:

The computation of the company interest coverage ratio is shown below:-

Interest coverage ratio = Earning before interest and tax ÷ Interest

= $161,000 ÷ $10,800

= 14.91

Operating profit margin = (Earning before interest and tax ÷ Revenue) × 100

= $161,000 ÷ $650,000 × 100

= 24.77%

Therefore we have applied the above formula and hence option is not available.

6 0
3 years ago
Monte inherited 1,000 shares of Corporation Zero stock from his father who died on March 4, 2020. His father paid $44 per share
Marina86 [1]

Answer:

$6,000 LTCG

Explanation:

Calculation to determine the amount and character of the gain or loss that Monte recognizes

Using this formula

Recognized gain or loss =Amount realized -Basis

Let plug in the formula

Recognized gain or loss=(1,000 Shares*$54 per share)-(1,000shares*$48 per share)

Recognized gain or loss=$54,000-$48,000

Recognized gain or loss=$6,000 LTCG

Therefore the amount and character of the gain or loss that Monte recognizes is $6,000 LTCG reason been the any gain Amount on the sales of property that was inherited are often tend to be LTCG

6 0
3 years ago
If you were an advisor at a global summit on alternative energy, which source of energy would you recommend countries invest mor
Vera_Pavlovna [14]

Answer:

If I were an advisor at the alternative energy summit I would support investing in <u>solar energy. </u>

Explanation:

The reasons are various:

- The cost of implementation is much cheaper than that of wind turbines or hydrogenerators, which is why it is more economically profitable.

- It can be implemented in any area of ​​the world or in any place where you find sunlight (such as areas of the Middle East), regardless of the hours of daily sunlight (The sun is an inexhaustible source of energy).

- It is a clean energy, since it produces energy without expense or damage to nature.

- In addition to this, the useful life of photovoltaic panels is 20 years, a fairly long time with respect to the amount of energy generated.

8 0
3 years ago
APEX : Which of the following would appear in the Debits column of a bank statement for a checking account?
Deffense [45]

Answer: an online bill payment

Explanation:

I’m doing apex and it shows that the correct answer is an online bill payment

3 0
4 years ago
Read 2 more answers
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