Answer:
The correct answer is the appraiser performed in the assignment.
Explanation:
In order to appraise, or evaluate someone's work, the report must include all details of the work performed. Otherwise, how else would that finished job be evaluated? It's important to describe the work done in order to determine how well or how badly the appraiser performed in the assignment, according to the appraisal report.
C. Which option will maximize the family’s after-gas wealth?
Answer:1. Poole journal $
Date
April 10
Cash account Dr 50,925
Cash sales Cr 48,500
Sales tax. Cr. 2425
Narration. Cash sales inclusive of sales tax.
Waterman journal $
Date
April 15
Cash account Dr 26750
Cash sales Cr. 25,000
Sales tax. Cr. 1750
Narration. Cash sales inclusive of sales tax
Explanation:
Firms are authorized by the government to collect sales tax on their behalf at the time of sales and such amount when collected are treated as liability by the firm to be remitted to the goverments.
At the point of sale the sales tax is showing as percentage to be charged on sales separately e.g 5% on sales figures.
If the tax percentage is not separated at the time of sales and the sales is made inclusive of sales tax then the sales tax like in the above scenario will be 7/107 * $26,750 which gives $1750
<h2>Gross Profit = 500,000 (Sales -COGS)</h2><h2>Net Profit = Gross Profit - Indirect exp- Dep)</h2><h2> = 500,000-55,000 -250,000</h2><h3> = 195,000</h3><h2>Tax = 66,300</h2><h2>Net Profit After TAX = NPBT- Tax</h2><h2> = 195,000- 66,300 = 128,700</h2>
Explanation:
Sale -Cost of goods Sold = Gross Profit
1,250,000-750,000 = 500,000
Net profit = Gross Profit - Indirect Exp - Depreciation)
= 500,000-55,000 -250,000
= 195,000
Tax = 195,000 x 34/100
= 66,300
NPAT = NPBT - tax
195,000-66,300 = 128,700
