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zimovet [89]
3 years ago
7

What is an annual pre tax income

Business
2 answers:
ruslelena [56]3 years ago
7 0
Pretax earnings are a company's earnings after all operating expenses, including interest and depreciation, have been deducted from total sales or revenues, but before income taxes have been subtracted.
shutvik [7]3 years ago
5 0
<span>Pretax earnings are a company's earnings after all operating expenses, including interest and depreciation, have been deducted from total sales or revenues, but before income taxes have been subtracted.</span>
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Disposable personal income: a. excludes transfer payments. b. includes personal income taxes. c. is income spent for personal it
erma4kov [3.2K]

Answer:

d. excludes personal income taxes

Explanation:

Disposable personal income excludes personal income taxes.

A disposable income can be defined as an amount of money remaining after the deduction of income taxes, and social security fees.

4 0
3 years ago
Which statement is an example of post-secondary education?
chubhunter [2.5K]
<span>The answer is C. Postsecondary alternatives are differed and may incorporate open or private colleges, universities, junior colleges, profession/specialized schools, professional/exchange schools, habitats for proceeding with instruction, grounds progress projects, and apprenticeship programs.</span>
3 0
3 years ago
Read 2 more answers
Barney Company makes and sells stuffed animals. One product, Michael Bears, sells for $28 per bear. Michael Bears have fixed cos
Karo-lina-s [1.5K]

Answer:

6,250 units

Explanation:

The computation of the number of units that should be sold and produced in order to break even is shown below:

as we know that

Break even point = Fixed cost ÷Contribution margin per unit

Here

Contribution margin per unit = Selling price - Variable costs

= $28 - $12

= $16

So, the breakeven is

= $100,000 ÷ $16

= 6,250 units

6 0
2 years ago
Presented below are two independent situations.Gambino Cosmetics acquired 10% of the 200,000 shares of common stock of Nevins Fa
VLD [36.1K]

Answer:

See the explanation below

Explanation:

(a) Gambino Cosmetics

Since Gambino Cosmetics just 15% which is less than 20% of Nevins Fashion, the cost method for accounting for investments is the relevant method that is used as follows:

Stock investment = 10% * 200,000 * $13 = $260,000

Dividend income = 10% * $60,000 = $6,000

Available-for-sale (AFS) reserve = 10% * $122,000 = $12,000

<u> Date                       Details                              Dr ($)               Cr ($)          </u>

08 Mar. ‘15           Stock investments           260,000

                             Cash                                                      260,000

<em><u>                              To record investment in Nevins Fashion                      </u></em>

30 Jun. ‘15           Cash                                      6,000

                            Dividend income                                         6,000

<em><u>                             To record dividend income from investment in Nevins Fashion </u></em>

31 Dec. ’15           Stock investments              12,000

                            AFS Reserve                                               12,000

 <u><em>                           To record share of income in Nevins Fashion              </em></u>

(b) Kanza, Inc.,

Since Kanza, Inc. acquired 40% in Rogan Corporation which is greater than 20%, the equity method for accounting for investments is the relevant method that is used as follows:

Stock investment = 40% * 30,000 * $9 = $108,000

Dividend income = 40% * $30,000 = $12,000

Investment revenue = 40% * $80,000 = $32,000

<u>Date                       Details                         Dr ($)                      Cr ($)         </u>

01 Jan. ‘15           Stock investments        108,000

                            Cash                                                           108,000

<em><u>                             To record investment in Rogan Corporation                   </u></em>

15 Jun. ‘15           Cash                                12,000

                           Stock investment                                         12,000

                           <em><u>To record dividend received from investment in Rogan Corporation </u></em>

31 Dec. ’15           Stock investments          32,000

                            Investment revenue                                  32,000

<em><u>                            To record share of income in Rogan Corporation           </u></em>

8 0
3 years ago
QUESTION 6 of 10: A(n)
beks73 [17]
The answer sounds like B) Budget to me

Good luck!
6 0
2 years ago
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