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DiKsa [7]
3 years ago
11

The income and expenses of a corporation for federal income tax purposes are referred to as what type of income?a. nontaxableb.

accountingc. tax
Business
1 answer:
weeeeeb [17]3 years ago
4 0

Answer:

The correct answer is letter "C": tax.

Explanation:

The Federal Income Tax is collected by the U.S. <em>Internal Revenue Service</em> (<em>IRS</em>) based on the annual earnings of individuals, corporations and all legal entities. It is considered to be the largest source of revenue for the government. In general, they are called taxes.

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Identify 4 economic resources from the attached picture.​
faltersainse [42]

Answer:

gold,crops, crisis, poverty

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After 8 years of working for a company that installed underground sprinkling systems for golf courses, Trevor was ready to ventu
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Answer:

B. two strengths and one threat

Explanation:

SWOT is an acronym that stands for strengths, weaknesses, opportunities and threats.

SWOT analysis helps an organization assess it's competitive position and devise strategies accordingly. Such an analysis aids an enterprise in decision making and planning.

In the given case, availability of finance/capital conveys strength and so does availability of skilled installers.

The construction activity being at an all time low with residential properties being foreclosed depicts a threat.

Thus, the given scenario represents two strengths and one threat.

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3 years ago
J.d. power and associates and other market research firms recruit groups of consumers for __________, each of whom are paid to r
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The correct answer is the syndicated panels. Syndicated panels are responsible for collecting and selling common pools of data, they made used of unit of measurements and they obtain their data through surveys, electronic scanner services and diary panels. In addition, they obtain institutional data from wholesalers, industrial firms and even retailers.

5 0
3 years ago
Journalize the following transactions for Cullumber Company.
Thepotemich [5.8K]

Answer and Explanation:

The journal entries are shown below

On Sept 1

Supplies Dr $1,020

    To Cash $1,020

(being supplies purchased in cash)

On Sept 5

Dividend Dr $410

   To cash $410

(being cash dividend is paid)

On Sept 7

cash Dr 5,500

   To Unearned service revenue  $5,500

(being cash collection is recorded)

On Sept 16

Cash Dr $770

  To Account receivable $770

(being cash collection is recorded)

On Sept 22

Equipment Dr $3,000

         To cash $1,100

         To Note payable $1,900

(being equipment purchased is recorded)

3 0
3 years ago
Consider the statement: "Even if a firm is losing money, it may be better to stay in business in the short run." This statement
IRINA_888 [86]

Answer:

if the loss is less than fixed costs

Price exceeds the average variable cost.

Explanation:

If a business is making losses and wants to shut down operations, it will need to keep paying the fixed cost component.

In a case where the loss made from running the business is less than the fixed cost that will be incurred, it is better for the business to keep producing in the short run. The cost of closing up will be higher.

Also the business should stay open if the price of a product is higher than its average variable cost. This is because as production increases the positive contributing margin will eventually exceed cost incurred. This can be achieved by scaling production upward.

4 0
3 years ago
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