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2 years ago

What does deficit mean?

1 answer:

8 0

The definition of deficit is, A sum of money that is small. Also, this can mean a loss of money. Another definition is, the number of loses in sports. Or, individual. Hope this helps

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Jeremy and Alyssa Johnson have been married for five years and do not have any children. Jeremy was married previously and has o

patriot [66]

Solution:

Gross income : 262000

a) Ordinary and necessary business expenses

amount explanation

108850 Ordinary expenses associated with Jeremyâs

business (42250+47700+18900)

b) Unreimbursed employment expenses

amount explanation

- Un reimbursed employee business expenses

are deductible from AGI not for AGI

c) Real property taxes and investment expenses.

amount explanation

- Taxes and investment expenses

are deductible from AGI not for AGI

d) Rental expenses

amount explanation

8590 Rental expenses are deductible for

AGI even though they aretechnically investment or

production of income expenses.

e) Self-employed health insurance

amount explanation

4590 Jeremy may deduct all the costs of his

health insurance because he is not eligible

for health plan

f) Self- employment taxes

amount explanation

1295 Â½ of self-employment taxes allowed

as for AGI deduction

g) Alimony

amount explanation

5180 Alimony is allowed for AGI deductions

h) Donations

amount explanation

- Charitable contributions are from

not for AGI deductions

Total for AGI deductions Amount

128505

AGI 135495

8 0

2 years ago

A. Cash receipts from customers for services rendered __________ Operating __________Inflow

vaieri [72.5K]

Answer:

a. Cash receipts from customers for services rendered

Indication: Operating activities and Cash Inflow

b. Sale of long-term investments for cash

Indication: Investing actiivity and Cash Inflow

c. Acquisition of property, plant and equipment for cash

Indication: Investing activity and Cash Outflow

d. Payment of income taxes

Indication: Operating activity and Cash Outflow

e. Bonds payable issues for cash

Indication: Financing Activity and Cash Outflow

f. Payment of cash dividends declared in previous year

Indication: Financing activity and Cash Outflow

g. Purchase of short-term investments (not cash equivalents) for cash

Indication: Investing activity and Cash Outflow

h. Purchases of inventory for cash

Indication: Operating activity and Cash Outflow

Definition of terms

Operating Activity: This activity will show how much the cash flow from the business in operating . This included net profit and changes in assets and liabilities and amortization expenses .

Investing Activities: This part is shows the where the money is invested or investment is sold.

Financing Activities: This activities will show the cash flow from financing activities between the reporting period example. Raising or payment of the fund through the common stock , preference and bonds etc.

5 0

3 years ago

Alpaca Corporation had revenues of $290,000 in its first year of operations. The company has not collected on $18,600 of its sal

Kitty [74]

Answer:

$118,860

Explanation:

Gross Margin:

= Revenue - Cost of Goods Sold

= $290,000 - $100,000

= $190,000

Profit before tax:

= Gross Margin - Salaries - Insurance payment - Interest

= $190,000 - $12,000 - $3,600 - $4,600

= $169,800

Insurance payment: Only half of 2-year payment of 7,200 is relevant for this year.

Net Income:

= Profit before tax - Tax at 30%

= $169,800 - (30% × $169,800)

= $169,800 - $50,940

= $118,860

8 0

3 years ago

Leading indicators are events that have been found to occur before changes in business activities.

sukhopar [10]

This Statement is True. Leading indicators are events that have been found to occur before changes in business activities.

Business is the practice of earning a living or making money by manufacturing, purchasing, and selling items (such as goods and services). It is also "any profit-making activity or enterprise."

Having a business name does not detach the owner from the business entity, which means the owner is responsible and liable for the business's debts. Creditors may seize the owner's personal belongings if the company incurs debts. In a business structure, corporate tax rates are not permissible. All business income is taxed directly to the proprietor.

The phrase is also frequently used informally (though not by lawyers or public authorities) to refer to a business or cooperative.

To learn about the business visit :

brainly.com/question/15826771

#SPJ4

4 0

1 year ago

Service factors are the functions available on the website to provide direct support in the transaction process. T/F

Eva8 [605]

Answer:

The correct answer is False.

Explanation:

Every client expects and wishes to be treated with correction in an establishment. Feel well received, appreciate that it is important for the company, perceive that it is well valued. He also hopes that the relationship will be pleasant and that the bidder will fulfill his commitments.

These factors are valued in the customer service both face-to-face or telephone or virtual: courtesy, credibility, speed, personalization, professionalization and the tangible aspect of the service.

It is necessary to give a courteous treatment to the client. Courtesy is reflected in the consideration shown to customers. Treat them with the respect they deserve.

5 0

3 years ago