1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
inna [77]
3 years ago
6

edna kropp's gross income for a year included salary, $12,400; commission, $27,750; intrerest, $440. Her adjustment to income we

re payment to a retirement plan, $2,000, and a penalty for withdrawing savings early from a time-deposite account, $126. What was her gross income for the year? find her adjusted gross income for the year?
Business
1 answer:
aliina [53]3 years ago
6 0

Gross income is the total amount of income before any deductions.

In this case, you would add Edna's salary, commission, and earned interest.

For adjusted gross income, you would subtract payment to retirement and withdrawal from the GROSS INCOME you calculated previously

You might be interested in
Vocational education is one path to a career
balu736 [363]

Answer:

It's true I think if I'm wrong do tell me.

5 0
3 years ago
Hull Company’s record of transactions concerning part X for the month of April was as follows.
olga55 [171]

Answer:1. $7720  

2. $7945

3. $7758

Explanation: 1. First in First out method which means the first inventory to be purchased by company will be the first to be sold.  

Total cost of Sales   = Total number of units Sold * Total Cost of inventory sold    

                                  = 100units*$5+ 300units*$5.30+ 200units*$5.35 + 450units*$5.60

                                   =$7720

Total units sold=1450  we started from first inventory which was the balance of inventory of 100 units downwards up to the 1450th unit sold that was purchased on the 26th of April by the company.

2. Last in first out method is where the last bought inventory is sold first.

Total cost of sales= Total number of units sold * Total cost of units sold =200units$*5.80+ 600units*$5.60+ 200units*$5.35+300units*$5.30+150units*$5.1

=$7945

Total units sold still 1450 but we calculated the cost from the last purchased unit from 30th April to the 1450th unit sold which was on the 12th of April.

3. Average Cost = (Sum of all costs/Total number of costs)* total units sold

                     = (($5+$5.1+$5.3+$5.35+$5.6+$5.8)/6)* 1450

=$7769.58

4 0
3 years ago
Free cash flow and financial statements The primary objective of the corporate management team is to maximize shareholder wealth
aliina [53]

Complete Question

The complete question is shown on the first uploaded image

Answer:

The  correct option for first question is A

The correct option for second question is B

Explanation:

The  correct option is A because the value of a firm depends on its ability to generate cash flow that is available to distribute to the company's investors, including creditors and stockholders.

For the second part the answer is  B  

  This because a financial asset will have value only if it can generate future positive cash flows.

Also  when valuating the cost at which the asset is acquired is not relevant

8 0
3 years ago
How many American embassies and consulates are there around the world?
Alexeev081 [22]

Answer:

The U.S. currently has 294 physical embassies, consulates, and diplomatic missions across the world, with 27 in the Middle East and North Africa (MENA) region, which is more than any other nation.

Explanation:

Rounded it would be 300.

4 0
3 years ago
Read 2 more answers
Countries that currently have low real GDPs per capita are destined to always have lower living standards than countries that cu
kap26 [50]

Answer:

The correct answer is the option: True.

Explanation:

To begin with, the GDP per capita is a monetary measure that establishes the value of the final goods and services produced in an economy divided by the total amount of citizens within that particular economy, therefore that it measures the amount of production that an individual inside that country produces.

Secondly, the living standards refers to the combination of factors that determinates the quality of life inside a certain economy, therefore that with higer level of living standards the life inside a country is better for most of the individuals within and lower living standards determinates that the life in a country is not so good as others. Moreover, <u><em>this type of measure is affected by the GDPs per capita</em></u> of the economy and therefore that a low GDPs per capita impacts in a low living standard and a high GDPs per capita determinates a high living standard.

5 0
3 years ago
Other questions:
  • Respass Corporation has provided the following data concerning an investment project that it is considering: Initial investment
    10·1 answer
  • Arborview Plant Science Company has invented a drought resistant grass seed that only needs watering three times each year. In o
    14·1 answer
  • How did the appreciation of the U.S. dollar and depreciation of the yuan affect the timing andmagnitude of the Asian currency cr
    11·1 answer
  • During 2014 and 2015, Danny pays property taxes of $3,500 each year on a piece of land. During 2014, the land is vacant and unpr
    5·1 answer
  • The temporary difference will reverse evenly over the next two years at an enacted tax rate of 40%. The enacted tax rate for 201
    8·1 answer
  • Joseph buys a Hummer for $59,000, financing it with a five-year 7.60% APR loan paid monthly. He decides to pay an extra $50 per
    14·1 answer
  • While promoting a new line of kayaks, a company decided to be traditional. It distributed folders to journalists, which containe
    5·1 answer
  • Bok advises campus officials (and students) simply to "ignore" offensive words, flags, and so forth (para. 13). Do you agree wit
    6·1 answer
  • On June 1, Edward visited a bicycle sales and service center. Edward spotted a used bike he liked and was told by the dealer tha
    5·1 answer
  • When using the high-low method, if the high or low levels of cost do not match the high or low levels of activity, ______.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!