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makkiz [27]
2 years ago
14

All of the following would be considered expenses EXCEPT:

Business
2 answers:
ryzh [129]2 years ago
6 0

Answer:

I belive its c.

Explanation:

It says interest EARNED on INVESTMENTS which would be a good thing not an expense.

If you invest in something you can get the money back

Nastasia [14]2 years ago
3 0

Answer:

Explanation:

A

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Kenny you works with an IT company his company is about to launch new software in the market he has to ensure that his new softw
motikmotik

Answer

Hi,

Kenny is likely to have the job profile of a software developer

Explanation

A job profile defines the functions, accountabilities and requirements of a job position. In this case, Kenny is a software developer tasks with designing, installation, testing and maintenance of software systems. In this position, he has to ensure the software properly functions and meets the design standards that were agreed in the planning stages.

Good Luck!

7 0
2 years ago
Lahdekorpi OY, a Finnish corporation, owns 100 percent of Three- O Company, a subsidiary incorporated in the United States. Requ
RUDIKE [14]

Answer:

Lahdekorpi OY, a Finnish corporation and Three-O Company, a subsidiary incorporated in the United States

Transfer Pricing:

a) The best transfer pricing method in this case is the cost plus method.  This gives the transfer price as Cost + 50%.

b) The appropriate transfer price should be $3 ($2 x 1.5).

Explanation:

Transfer pricing arises when controlled entities set prices for exchange of goods and services.  When Lahdekorpi OY, a Finnish corporation, sells wooden puzzles to Three-O Company, given their relationship, transfer pricing has arisen.  It is the assignment of cost for goods and services exchanged between related parties, like a parent and a subsidiary.

There are many Transfer Pricing methods which entities and the taxing authorities can use to determine the best transfer price.  According to the Organisation for Economic Co-operation and Development (OECD) Multinational Entities and tax authorities can use any of these five main transfer pricing methods:

a) Comparable uncontrolled price (CUP) method. The CUP method is grouped by the OECD as a traditional transaction method (as opposed to a transactional profit method)

b) Resale price method

c) Cost plus method

d) Transactional net margin method (TNMM)

e) Transactional profit split method.

7 0
3 years ago
The balances in Sanchez Accounting Services' office supplies account on February 1 and February 28 were $1,100 and $475, respect
Hitman42 [59]

Answer:

$575

Explanation:

Given that,

Opening office supplies = $1,100

Closing office supplies = $475

Office supplies expense for the month = $1,200

Opening stock + Purchases - Closing stock = Consumption

$1,100 + Purchases - $475 = $1,200

$625 + Purchases = $1,200

Purchases = $1,200 - $625

                  = $575

Therefore, the amount of office supplies was purchased during February is $575.

7 0
2 years ago
At the beginning of 2020, Sun Angel Corporation began offering a two-year warranty on its products. The warranty program was exp
Artemon [7]

Answer:

$2,210,126

Explanation:

Calculation to determine what The amount reported on Sun Angel's 2020 year end balance sheet for Estimated Warranty Liability is:

Estimated Warranty Liability=(1%+3%*$184,743,795)-$5,179,626

Estimated Warranty Liability=$7,389,752-$5,179,626

Estimated Warranty Liability=$2,210,126

Therefore The amount reported on Sun Angel's 2020 year end balance sheet for Estimated Warranty Liability is:$2,210,126

5 0
2 years ago
Why do you think so many people borrow money for large purchases instead of using a sinking fund
sergey [27]
It is so they have more money for the business
6 0
3 years ago
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