Answer:
$72,150
Explanation:
Calculation to determine Hummingbird’s taxable income for the year
Using this formula
Taxable income =Net active income +Portfolio income-Passive loss
Let plug in the formula
Taxable income=$240,500+$96,200-$264,550
Taxable income=$72,150
Therefore Hummingbird’s taxable income for the year is $72,150
Answer:
$5,250,500
Explanation:
Budgeted cash collection for third quarter = Cash sales + Collection of credit sale of 3rd quarter + Collection of credit sale of 2nd quarter
Budgeted cash collection for third quarter = [(190,000+22,000)*$25*40%] + (212,000*$25*60%*70%) + (201,000*$25*60%*30%)
Budgeted cash collection for third quarter = $2,120,000 + $2,226,000 + $904,500
Budgeted cash collection for third quarter = $5,250,500
Answer:
strategic initiatives
Explanation:
According to my research on different business strategies, I can say that based on the information provided within the question these activities would most likely be categorized as an organizations strategic initiatives. This term refers to the means through which a vision is translated into practice. Which in this situation the vision/goal is to increase the firms value and they are doing this by donating to various causes in an attempt to become more socially accepted.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
It’s cool and all but have you ever seen two pretty best friends?
Answer:
Total Revenues=$393
Total Expenses=$168
Net profit=$225 million
Explanation:
An income statement is one of the three important financial statements used for reporting a company's financial performance over a specific accounting period. The income statement focuses on the four key items - revenue, expenses, gains, and losses. It does not cover receipts (money received by the business) or the cash payments/disbursements <u>(money paid by the business).</u>
The general structure of an income statement proceeds as follow:
Revenue/Sales (+)
Cost of Goods Sold (COGS) (-)
=Gross Profit
Marketing, Advertising, and Promotion Expenses (-)
General and Administrative (G&A) Expenses (-)
=EBITDA
Depreciation & Amortization Expense (-)
=Operating Income or EBIT
Interest (-)
Other Expenses (-)
=EBT (Pre-Tax Income)
Income Taxes (-)
=Net Income
In this exercise:
Total Revenues=$393
Total Expenses=$168
Net profit=$225 million
Note: dividends shouldn't be included in the Income Statement