Sales promotion expenditures account for <u>"19"</u> percent of all promotional spending.
A promotion expense is a cost that a business brings about to improve its items or administrations known to purchasers, more often than not as giveaways. The IRS considers advancement costs to be assess deductible as operational expense, if they are standard and essential. When writing off promotion expenses on their assessment forms, organizations should take care to guarantee that these costs would not all the more precisely be named publicizing costs or charitable commitments.
Answer:
Explanation:
The preparation of the retained earnings statement for the year ended December 31, 2020 is presented below:
Marigold Corporation
Retained Earning statement
For the year ended December 31, 2020
Beginning balance of retained earning $684,800
Add: Net income $1,690,600
Less: Cash Dividend paid -$84,200
Ending balance of retained earning $2,291,200
Answer:
$2100
Explanation:
Net loss = $5000
Taxable income = $15000
Tax rate = 21%
Fast Rocket's total tax for both years is determined by
Taxable income minus net loss multiplied by tax rate
= $(15000-5000) × 21%
= $10000 × 0.21
= $2,100
Fast Rocket's total tax for both years = $2100
Answer:
29
Explanation:
Central limit theorem states that as a sample being studied grows larger the sampling distribution of samplings means tends to a more normal distribution. This is regardless of the shape of the population.
This holds true usually if the population size is n is equal or greater than 30 (that is greater than 29). It does not matter if the population is skewed or normal.
So with a sufficiently large population the means of each item will be the same as the population mean.
