Answer:
no option is correct, the correct answer is $12,630
Explanation:
after tax salvage value of old machine = $12,000 - [($12,000 - $15,000) x 21%] = $12,000 - (-$3,000 x 21%) = $12,000 - -$630 = $12,630
the tax shield generated by this loss (market value is lower than book value) = $630
the cash received form the sale = $12,000
the combined effect = $12,000 + $630 = $12,630
Answer:
$1,960
Explanation:
Complete Questin:
Fosnight Enterprises prepared the following sales budget:
Month Budgeted Sales
March $6,000
April $13,000
May $12,000
June $14,000
The expected gross profit rate is 30% and the inventory at the end of February was $10,000. Desired inventory levels at the end of the month are 20% of the next month's cost of goods sold. What is the desired beginning inventory on June 1?
Sales = 100% – 30%
Gross Profit = 70%
Cost of Goods Sold (CGS)
Therefore, June Sales= $14,000 × 70%
= 9,800 (CGS) × 20%
= $1,960
Melissa's characteristics that are not consistent with entrepreneurship is that Melissa tends to put things off until later.
<h3>What is entrepreneurship?</h3>
Entrepreneurship refers to the activity of setting up a business that takes financial risks in the hope of profit.
The missing options in the questions are
- Melissa has high self-confidence.
- Melissa tends to put things off until later.
- She is untroubled by uncertainty.
- She has a high need to achieve.
- She has a high energy level.
Melissa is a very good middle manager. However, she has for a very long time wanted to open her own business. Melissa's characteristics that are not consistent with entrepreneurship are she tends to put things off until later.
Therefore, B is the correct option.
Learn more about Entrepreneurship here:
brainly.com/question/18203575
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