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3 years ago

Construction workers, manufacturing workers, and farmers have what in common

Business

2 answers:

12345 [234]3 years ago

7 0

Explanation:

Construction, manufacturing and farming workers have one thing in common, that they have to wait for the result of their input. They start from scratch, add up things on their journey, and wait to see the results. Construction workers start from the mapping of the building, start to build the building from base to top and then a full fledged building is constructed. Similarly, manufacturing workers start from inputting the raw materials, put their efforts in it and after that get their final end product. Again, farmers sow the seeds, take care of their fields, put their efforts, give water and spray pesticides, and then wait for the seeds to grow into fruits or vegetables whatever they have sewed. So all three workers have this thing common that they will have to wait for the output of their input.

White raven [17]3 years ago

6 0

Answer:

They work outside

Explanation:

they work long hours

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In fiscal 2016, Microsoft Corp. reported a statutory tax rate of 35% and an effective tax rate of approximately 15%. The 2016 in

almond37 [142]

Answer:

B. $19,687 mil

Explanation:

The statutory tax rate is the percentage imposed by law; the effective tax rate is the percentage of income actually paid by an individual or a company after taking into account tax breaks (including loopholes, deductions, exemptions, credits, and preferential rates).

Now, in our question, statutory tax rate is 35%, but effective tax rate is 15%. This implies, with the help of tax breaks or loopholes, company managed to pay only 15% of its income as taxes.

This 15% of income = $2,953 mil

Hence, pretax income = 2,953/15% = $19,686.67 mil = $19,687 mil

8 0

3 years ago

The following information for the year ended December 31, 2016, was reported by Nice Bite, Inc.

Alex Ar [27]

Answer:

Hi there!!

Assets Liabilities

Cash $93,000 Accounts Payable $53,000

Accounts Receivable $30,800 Salaries and Wages Payable $16,000

Inventory $18,000 Notes Payable $30,900

Equipment $144,700 Total Liabilities $99,900

Stockholders' equity

Common Stock $149,000

Retained Earnings $10,300

Net Income $27,300

Total stockholders' equity $186,600

Total Assets $286,500 Total Liabilities and $286,500

stockholdes' equity

Explanation:

First, we make the Income Statement and determine the Net Income.

That is the data that we must find out in order to complete the balance sheet.

Income Statement

Service Revenue $153,800

Deduct expenses

Salaries and Wages $36,500

Prepaid Rent $7,800

Office $15,100

Utilities $25,900

Interest $30,300

Income Tax $10,900

Net Income $27,300

3 0

3 years ago

Holding all other things constant, an increase in the company's required return on investment (ROI) will affect:

statuscvo [17]

Answer:

It will affect the profit after taxes of the company.

Explanation:

A higher ROI means that for the same level of investment, higher levels of return are achieved. In this case, the company's return is the profits after taxes, those that shareholders have the right to claim. Without considering variances in the level of investment, higher levels of profit can be obtained by a more significant difference between revenue and total expenses (including costs, operative expenses and depreciation and interests)

4 0

3 years ago

Nelson Manufacturing has two processing departments, Department I and Department II. The raw materials processed at Department I

MaRussiya [10]

Answer:

The journal entry to record the direct material used in production is given below:

Dr Work-In Process Inventory $40000

Cr Raw Materials Inventory $40000

Explanation:

The work in process inventory is debited since it is the receiving account ,while raw material inventory is credited as it is the giving account.

The work in process depicts raw materials currently being worked upon at the production, from which completed goods are then transferred to finished goods inventory.

The raw materials inventory account is the account where raw materials received from vendors are first of all recorded before the need to issue to production process.

When such materials are received in the warehouse , the raw materials inventory account is debited while the supplier account is appropriately credited to show the amount of indebtedness.

7 0

3 years ago

Sandhill Company reports the following financial information before adjustments. Dr. Cr. Accounts Receivable $132,500 Allowance

goldfiish [28.3K]

Answer:

S/n Accounts title Debit Credit

a. Bad Debt expenses $2,655

Allowance for Doubtful debts $2,655

((132,500*5%)-3,970)

(Being bad debt expense recorded)

b. Bad Debt expenses $8,255

Allowance for Doubtful debts $8,255

{(132,500*5%)+1,630]

(Being bad debt expense recorded)

5 0

3 years ago