Answer:
A
Explanation:
In the accounting process extracting a trial balance is the final step.
Answer: Option (B) is correct.
Explanation:
Given that,
Coolant (used in the office air-conditioning system) cost = $15,000
Property taxes on factory building = $45,000
Depreciation on trucks = $10,000
Salary paid = $2,000
Period cost = Coolant cost + Depreciation on trucks
= $15,000 + $10,000
= $25,000
Answer:
C. One is assessed on the profit made from selling an asset; the
other is assessed on earnings from work or investments.
Explanation:
The capital gains tax occurs only if as a result of the sale of an asset there is a profit that is exceptional and differ from the primarily economic activity of the person that made the sell.
Answer:
Sales Revenue – Cost of Goods Sold = gross profit
Explanation:
A merchandising business is one that is involved in selling goods to customers. The firm may purchase or produce the goods it sells. Merchandising firms report an expense named the cost of goods sold COGS. This cost represents the total cost of all goods sold to customers during a period.
Costs of goods sold include the direct cost associated with the merchandise. Calculation of COGS is by adding net purchases to the opening stock then subtracting ending stock. The cost of goods sold is used in calculating gross profit. Service firms do not report this cost as they do not sell goods.
The long range predictors in the question are:
- Relative monetary growth
- relative inflation rates
- nominal interest rate differentials
The short range predictors in the question are:
- psychological factors
- investor expectations
- bandwagon effects
<h3>What are long range indicators?</h3>
These are the indicators that are able to provide a prediction for the way that an economy would be in the future.
<h3>What are short range indicators?</h3>
These are the instruments that are used periodically to check the economic trends whioch happenly usually more than once in a year.
Read more on economic indicators here: brainly.com/question/903754
