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3 years ago

What is tax payable????????

2 answers:

8 0

A liability is basically something you owe someone.Your reliable for paying that someone back correct?
Tax Payable is a liability.But what exactly is tax payable?
Well its a "tax" you have to pay to the federal government and you have a year to do so.

*If you are taking accounting the tax payable is on the balance sheet, (the income Statements side to be exact)
Hope this helped :)

alukav5142 [94]3 years ago

3 0

It's like a type of a account in the current liabilities section of a company's um I think balance sheet.

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In network economics, the value of a commercial software vendor's software products:

Natali [406]

Answer:

increases as more people use them.

Explanation:

Network economics refers to a business that uses network effect. It is also called Netromix. The value of a good is increased as the number of buyers increases.

The business will benefit from feedback received by customers that use their products.

For example online services like LinkedIn and Twitter benefit from this type of framework. The more users that use these software th more the business gains.

7 0

3 years ago

Qs 3-2 computing accrual and cash income lo c1 in its first year of operations, roma co. earned $64,000 in revenues and received

zmey [24]

Answer:

$17,600 ; $29,000

Explanation:

The computation of the net income is shown below:

Based on Cash basis

= Received cash - Expenses incurred in cash - prepaid expenses

= $56,000 - $26,900 - $11,500

= $17,600

Based on Accrual basis

= Revenue earned - expenses incurred

= $64,000 - $35,000

= $29,000

The cash expenses incurred is

= $35,000 - $8,100

= $26,900

5 0

3 years ago

Suppose Potter Ltd. just issued a dividend of $2.50 per share on its common stock. The company paid dividends of $2.00, $2.07, $

Bogdan [553]

Answer:

Explanation:

Using dividend growth model formula for finding dividend per year can be used to find the growth rate per year;

The formula would be D1 = D0(1+g)

and D2 = D1(1+g)

D3 = D2 (1+g) and so on....

Starting with 2.00 dividend, growth rate from yr1-yr2;

2.07 = 2.00*(1+g)

Divide both sides by 2.00;

1+g = 2.07/ 2.00

1+g = 1.035

g = 1.035-1

g ( y1-y2) = 0.035 or 3.5%

Growth rate from yr2-yr3;

2.24 = 2.07(1+g)

Divide both sides by 2.07;

2.24/2.07 = 1+g

1.0821 = 1+g

1.0821-1 = g

g= 0.0821 or 8.21%

Therefore, g(y2-y3) = 8.21%

Growth rate from yr3-yr4;

2.34 = 2.24(1+g)

Divide both sides by 2.24;

2.34/2.24 = 1+g

1.0446 = 1+g

1.0446 -1 =g

g =0.0446 or 4.46%

Therefore, g(y3-y4) = 4.46%

Growth rate from yr4-yr5;

2.50 = 2.34(1+g)

2.50/2.34 = 1+g

1.0684 = 1+g

1.0684-1 = g

g=0.0684 or 6.84%

Therefore, g(y4-y5) = 6.84%

8 0

3 years ago

Chuck offers $240,000 for a house. The seller turns down the offer but says she will sell the house for $260,000. However, Chuck

qaws [65]

Answer:

Chuck must be less than $260,000

Explanation:

The economic decision rule is: Do it if that marginal benefit exceeds the marginal cost and Since Chuck was unwilling to purchase the house at $260,000, we can deduce that the marginal benefit of purchasing the house must be less than $260,000 due to the fact that the seller turns down the offer but says she will sell the house for $260,000.

6 0

3 years ago

True or False: If Hubert's Fire Engines were a competitive firm instead and $100,000 were the market price for an engine, decrea

KatRina [158]

Answer:

False

Explanation:

In a perfectly competitive market the sales revenue is based on pricing also. As the pricing policy also plays an important role in the marketing technique to attract customers.

As the quality served is generally the same in the market, there is no issue in that but when the price is reduced expected sales will increase and accordingly the expected revenue also increases.

As the sales is expected to increase the revenue will also increase accordingly, even though the price is reduced, due to increase in sales quantity the expected change shall not be same as that of the change in price.

Thus, the statement is False.

5 0

3 years ago