Answer:
1. The correct category for each of the following items:
Cash In/Income:
Personal income
Business Income
Cash Out/Expense:
Cost of business trip = variable
State tax liability = fixed
Clothing purchases = variable
2. For example, your mortgage would be considered a fixed expense, because the total amount does not vary. Conversely, grocery bills would be considered variable, because the actual amount is not fixed but varies.
Explanation:
Variable cost or expense has a fixed cost per unit, with the total amount varying, depending on the units or quantities consumed. Fixed cost does have a fixed total amount within the relevant range, but the cost per unit varies.
Answer:
Explanation:
A successful entrepreneur’s profile is characterized of the following:
1) Self-control: this is the belief that you can do a certain job better than others in the most accountable and responsible manner.
2) Self-confidence: it refers to the never-ending spirit of urgency to develop ideas
3) Realism: it refers to the acceptance of the things as they occur and dealing with them cautiously.
4) Conceptual capability: it refers to an entrepreneur’s ability to recognize relationships swiftly even in the midst of difficult situations.
5) Comprehensive awareness: it refers to the ability to understand complicated situations through planning, strategic decision making, and pursuing multiple business ideas concurrently.
Answer:
The correct answer is $24,500.
Explanation:
According to the scenario, the given data are as follows:
Total Account receivable = $100,000
Amount collected = $70,000
So, if there is sufficient taxable income, then assume tax rate to be 35%.
So, we can calculate the Gains tax by using following formula:
Gain tax = Amount collected × Tax rate
By putting the value, we get
Gain tax = $70,000 × 35%
= $24,500.
Answer:
Charlotte should focus more in writing lines of code as an advantage while Tomer should focus more in reports.
Explanation:
<em>The two agent should concentrate in what they tend to produce, and that they should take a good advantage of it.</em>
<em>Charlotte has a advantage that is related in writing code lines and Tomer has a have a good advantage in report writing</em>