There are different ways to make entry in a balance sheet. It is obvious that an error occurred in the preparation and/or posting of closing entries, if all balance sheet accounts have zero balances.
<h3>Should a balance sheet always have a zero balance?</h3>
Note that the sum of a company assets, liabilities and equity must always balance to zero.
For one to be able to have or generate a balance sheet report that is not equal zero, the balance sheet is said to be out of balance and this may create an error in the ledger transactions.
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In accounting, the inventory is always done annually so inventory must always be accounted for at the year end. In order to address issues such as customer theft or spoilage, you have to minus (it's market value) from the beginning inventory.
Question options:
a) NeNe can exclude all of the housing payment because she worked more than 330 days overseas
b) 16,128
c) 23,872
d) 14,112
e) None of her salary can be excluded from gross income
Answer:
a) NeNe can exclude all of the housing payment because she worked more than 330 days overseas
Explanation:
US citizens working and living abroad would still have to remit taxes to the US, albeit with exclusions.
Under US tax law, IRS states that US citizens may deduct/exclude the value of meal and lodging expenses granted to them by the employer. Under the foreign housing exclusion, Nene qualifies for the benefits of housing exclusion because she has a foreign earned income and has lived at least 330 days within a period of 12 consecutive months in the foreign country.
Answer:
1. The margin for Alyeska Services Company: 27.37%
2. The turnover for Alyeska Services Company= 49.45%
3. The return on investment (ROI) for Alyeska Services Company = 13.54%
Explanation:
Please find the below for detailed explanations and calculations:
1. The margin for Alyeska Services Company = Net operating income / Sales = 4,900,000/17,900,000 = 27,37%;
2. The turnover for Alyeska Services Company= Sales / Average operating income = 17,900,000/36,200,000 = 49.45%;
3. The return on investment (ROI) for Alyeska Services Company = Net operating income/Average operating income= 4,900,000/36,200,000= 13.54%
Answer:
Intensive distribution
Explanation:
Intensive distribution -
It is one of the strategy of marketing where the company sells the goods or commodity via as many possible outcomes as possible , so that people can get the product everywhere , is known as the strategy of intensive distribution .
Hence , from the question , the variety of candies produced by the Nuxall Confections are made to be available everywhere possible , to increase the sale .
