Answer:
(A) Kleiner Merchandising Company:
Goods available for sale = $24,500
Cost of goods sold = $17,900
Gross profit = $3,600
Net income = $1,550
(B) Krug Service Company:
Net income = $16,300
Explanation:
(A) Kleiner Merchandising Company:
Goods available for sale:
= Beginning inventory + Net purchases
= $11,000 + $13,500
= $24,500
Cost of goods sold:
= Goods available for sale - Ending inventory
= $24,500 - $6,600
= $17,900
Gross profit = Net sales - Cost of goods sold
= $21,500 - $17,900
= $3,600
(b) Kleiner Merchandising Company:
Gross profit = $3,600
Net income = Gross profit - Expenses
= $3,600 - 2,050
= $1,550
Krug Service Company:
Net income = Revenues - Expenses
= $26,000 - $9,700
= $16,300
It is a modification is started by the acquirer to redress a preparing mistake. The mistake could be a duplication of an exchange or the consequence of a cardholder question. The acquirer charges or credits the dealer DDA represent the dollar measure of the modification.
Answer:
cdtdtuky ue ysruosixsyxsiysc
Answer:
The amount by which the component's fair value less cost to sell is less than book value and income from operations for the year
Explanation:
Fair value less cost to sell (FVLCS) is the measurement of the value of the ‘net’ economic benefits embedded in a fixed asset that can be one in a case where the asset is been sold. Just like the name refers, it equals the fair value minus the costs that the company will incur in selling the asset such as irrecoverable taxes, delivery and transportation cost , transaction costs and so on. The fair value of the asset is the amount which can be sold to a knowledgeable and willing buyer in an arm’s length of the transaction.
You could start out by finding out how much demand there is for this kind of service. Go around your neighborhood and ask how likely everyone would be to utilize a dog walking or training business, and how much they would be willing to pay for such a service. Alternatively, you could create a survey online and send it to groups within your city. You can create a survey using Google Forms.
If there is enough demand for it and if the price is right, then present this information to your parents. This way you can show them that you're very serious about starting your own business and you have the know-how to do so.
Starting out with just a focus on dog-walking could be great, and then you could expand from there to training. If you have a good sized yard or a nearby dog park to work at for training, then you're set. After that you can move on to dog rescuing. Of course, you will need more space for rescuing dogs and will definitely need at least a yard.
Good luck with your parents and good luck with the business!
