Taxable income is difficult to determine for organizations that have multiple ventures in CSR and quasi CSR and possible money launder schemes.
Explanation:
The total income and in effect taxes that are payable are regulated n the basis of many rules that stem from tax exemption laws which can be complicated and hazy and are used for the benefit of the firm to exploit grey areas in the law and fighting for it in the court if needs be.
Even without drastic measures it is hard because of the branching out of a company's ventures, dealings in money laundering and CSR activities that turn over profit for the company
Answer:
Production during January= 9000 units
Explanation:
By the following information, we need to calculate the number of units to produce in January:
beginning inventory 12,000 units
Sales January = 17000 units
Sales february= 20000
Ending inventory= 20% of expected sales for next month
Production during January= Sales January + ending inventory - beginning inventory
Production during January= 17000 + 0,20*20000-12000
Production during January= 9000 units
If the person completing the project activity will be repeating the activity later in the project, the effect of learning curves should be considered when estimating duration for future repetitions of the activity.
Option B
<u>Explanation:</u>
Duration is the total time required to complete or finish a project or work. It can be of days, hours, weeks or even months. It depends on the capacity and availability of all the required resources.
Effort is the total number of people hours that is needed to complete a task, i.e. it's the actual time that is spent on working on the project.
The effect of learning curves must be considered when estimating the future durations.
Answer: B. Shut down her business
Explanation:
Lydia has a decision to make. In this scenario she is making less her costs and so is suffering a loss. She must make a decision to either SHUT DOWN or KEEP GOING.
In this case however it would seem as though her only decision is to Shut Down.
Why?
The Shut Down Rule states that, “in the short run a firm should continue to operate if price exceeds average variable costs...". Her Average Variable costs here exceed the market price so Shutting Down is her best option.
If the price exceeded her Variable Costs at least, she could stay in the market a bit longer as the Fixed Costs have already been committed to. But with her Variable Costs more than the Market Price, SHUTTING DOWN is her best option.
If you need further clarification do react or comment.
Answer:
Transactions:
1. June 1 Monthly invests $4,000 cash in exchange for shares of common stock in a small welding business.
2. June 2 Purchases equipment on account for 1,200.
3. June 3 $800 cash is paid to landlord for June rent.
4. June 12 Bills P. Leonard $300 after completing welding work done on account.
Journal Entries:
1.
June 1 Dr. Cr.
Investment $4,000
Cash $4,000
2.
June 2 Dr. Cr.
Equipment $1,200
Account Payable $1,200
3.
June 3 Dr. Cr.
Rent Expense $800
Cash $800
4.
June 12 Dr. Cr.
P. Leonard (Receivable) $300
Welding Service Revenue $300