D. The burden of taxes is much higher on individuals with lower incomes.
Answer:
B. $35,612
Explanation:
The net income which shall be earned by the Holly Farms shall be determined through following mentioned formula:
Sales $581,600
Costs ($479,700)
Depreciation expense ($32,100)
Interest expense ($8,400)
Income before tax $61,400
[email protected]% ($25,788)
Net income for year $35,612
So based on the above discussion, the answer is B. $35,612
Answer:
a. Prior period adjustments.
Explanation:
"Retained earnings is the cumulative total of earnings that have yet to be paid to shareholders. These funds are also held in reserve to reinvest back into the company through purchases of fixed assets or to pay down debt."
Prior period adjustments in the beginning balance are key to calculate the retained earnings at the end of the period:
Retained Earnings = RE Beginning Balance + Net Income (or loss) – Dividends.
Therefore, prior period adjustments may either increase or decrease RE.
Reference: Morah, Chizoba. “Which Transactions Affect Retained Earnings?” Investopedia, Investopedia, 11 July 2019
Answer:<em> The given statement is false.</em>
Explanation:
Although we are worried about using the indirect strategy to pass on bad news, one assistance it provides is ensuring that our acumen will be read while individual is still amenable.
Therefore, even if indirect strategy seems manipulative it is still a better option than direct strategy. We should abstain from using direct strategy to break bad news.
Answer:
When you convert your range of data into an Excel table, by default, the Excel shades every other row in the table, making them easy to read. You can turn on/off the banded-row option from Table Style Options under the Design tab. You can also have banded columns.
Explanation: