Answer:
Revenue (Consulting revenue + Rental revenue)=33000+22000=55000.
Operating expense (salaries expense+rent expense)=20000+12000=32000
Selling and administrative expense = 8000
Explanation:
Armani Company
Year end Income statement 2019
Revenue = 55000
less: Operating expense =(<u>32000</u>)
Gross Profit 23000
less :Selling and administrative expense = (<u>8000</u>)
Net profit 15000
Notes: Question should be mentioned the company nature of business so that we can identify company real business.
Answer: You have <u>just started </u>a new web-based business, and now you realize that if you want your company <u>to succeed,</u> you will have to create at least<u> 10 new products</u> over the next six months. The following organizational characteristics would not help the company to be more <u>creative</u>:
- Hire only recognized experts, and don’t hire anyone who is <u>eccentric</u>.
- Run the company like a <u>tight ship</u>.
Explanation:
<u>Creativity </u>is fundamental to the success of any business and today, more than ever, it is key to the survival of companies. <u>Managers can stimulate</u> creativity in all areas of their company and use it to <em>turn ideas into innovations</em> that give the business a competitive advantage. Here are some examples :
- Focus creativity. (Creativity must focus on the most pressing challenges and problems facing the organization and is stimulated more the greater the number of restrictions we have).
- Create the conditions to support creativity.
- Provide stimuli that arouse creativity.
- Train in tools for thinking differently.
Is important to listen to all ideas even the most craziest ones can log out from the usually and became a good tool for the company, that is why also eccentric kind of people must be hired to work on creative products.
Answer:
The statement is: True.
Explanation:
The Adjusted Gross Income (<em>AGI</em>) is a measure based on individuals' gross income that serves as the basis for different deductions, among them, taxes. Taxpayers can request a tax credit based on certain expenditures that can be eligible for deduction. To do so, they must itemize those expenses in <em>Form 1040</em> (Schedule A). Otherwise, the deduction will be based on the taxpayer's AGI.
Maggie can buy 3 gifts
Solution:
Total budget $19
Each gift costs $4
Shipping fee $7
a. Total budget — Shipping fee = $19 - $7 = $12
Maggie’s got $12 more
Each gift costs $4
Number of gifts that Maggie can buy =
=3
b. Let x represent the number of gifts.
19 = 7 +4x
Subtract -7 from both sides
19 - 7= 7 + 4x - 7
Now Simplify,
12 = 4x
Divide both sides by 4

x = 3
Answer:
Tax on a case of cola is $4 per case.
The burden that falls on consumers is $1 per case.
The burden that falls on producers is $3 per case
False. This is due to the fact that producers already carry a greater share of the tax burden.
Explanation:
Tax on a case of cola = Amount that consumers pay after the tax has been charged - Amount producers receive = $7 - $3 = $4 per case
Burden on consumers = Amount consumers pay after the tax has been levied - Amount consumers pay before tax was levied = $7 - $5 = $1 per case
Burden on producers = Tax on a case of cola - Burden on consumers = $4 - $1 = $3 per case
False. This is due to the fact that producers already carry a greater share of the tax burden.