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3 years ago

Which is an example of a proprietorship?

1 answer:

7 0

"C is correct answer." Gloria's flower shop is an example of a proprietorship. "Hope it helped you!" "Have a great day!" "Thank you so much!"

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ASAP HELP ME PLEASE , GIVING BRAINLIEST TO CORRECT AWNSER

artcher [175]

Answer:

Explanation:

I go with see because i feel that is the Way to go .

3 0

3 years ago

Sunnyside Detailing's cost formula for its materials and supplies is $1,950 per month plus $14 per vehicle. For the month of Aug

Mumz [18]

Answer:

Flexible budget cost materials and supplies= $2,720

Explanation:

In the flexible budget, we need to multiply the standard quantities by the actual activity.

Standard cost formula:

materials and supplies= 1,950 + 14*x

x= number of vehicles

For 55 vehicles:

Flexible budget cost= 1,950 + 14*55

Flexible budget cost= $2,720

6 0

3 years ago

What is a new market?

Viefleur [7K]

Answer:

a new market simply means a new group of people never before reached

Explanation:

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4 years ago

Beasley, Inc., reports the following amounts in its December 31, 2021, income statement. Sales revenue $ 350,000 Income tax expe

lisov135 [29]

Answer and Explanation:

The preparation of the multiple-step income statement is presented below:

Beasley, Inc.

Multiple-step income statement

December 31, 2021

Sales revenue $350,000

Less: Cost of goods sold -$125,000

Gross profit $225,000

Less: Operating expenses

Salaries expense -$37,000

Advertising expense -$23,000

Utilities expense -$43,000

Operating income $122,000

Less: interest expense -$12,000

Income before income tax $110,000

Less: income tax expense -$39,000

Net income $71,000

We simply deduct all the expenses from the sales revenue so that the net income could arrive

7 0

3 years ago

in 2020, Mathis Co. at the first year of operations, has financial income of $1,200,000. It has an litigation expense of $3,000,

Ronch [10]

Answer:

Mathis Co.

The Tax payable for 2020 is:

= $1,320,000

Explanation:

a) Data and Calculations:

2020 Financial income = $1,200,000

add Litigation expense 3,000,000

add installment sales 2,400,000

Adjusted taxable income $6,600,000

Income tax rate = 20%

Tax payable for 2020 = $1,320,000

b) The litigation expense was deducted from the financial income. This is added back to the income. Installment sales were not included in the revenue for the financial income of 2020. This is also added to the financial income. The net result is the figure for taxable income. This forms the basis for the application of the income tax rate of 20%.

5 0

3 years ago