Answer:
net income = $31,500
Explanation:
given data
collect tailoring fees = $43,300
paid expenses = $12,300
Depreciation expense= $2,500
Accounts receivable = $1,050
supplies increased = $4,300
liabilities increased = $2,350
to find out
accrual basis net income
solution
we get here net income by given expression that is
net income = tailoring fees - expenses paid + account receivable + supplies increased - liabilities increased - Depreciation expense .......1
put here value
net income = $43,300 - $12,300 + $1,050 + $4,300 - $2,350 - $2,500
net income = $31,500
Answer:
10% foreign exchange loss on the U.S. dollar accounts receivable
Explanation:
Based on the information provided within the question it can be said that in this example the Canadian subsidiary will record a 10% foreign exchange loss on the U.S. dollar accounts receivable. That is because as the Canadian dollar has appreciated 10% against the U.S. dollar, it means that it has lost 10% of it's buying power due to its foreign exchange price change, thus resulting in a loss which needs to be recorded.
Answer:
C. She believes that research and testing are an integral part of providing consumers with safe products.
Explanation: cognitive dissonance refers to the mental conflict that occurs when a person's behaviors and beliefs do not align. It may also happen when a person holds two beliefs that contradict one another. Cognitive dissonance causes feelings of unease and tension, and people attempt to relieve this discomfort in different ways.
When cognitive dissonance is unaddressed in the workplace, it causes the following effect: Withdrawal and Disengagement: When employees are stressed out, they become inactive. A stressed employee would stop bringing up their ideas and if they remain in that job, the function in employment preservation mode.
Answer:
Tuition for a course in marketing is deductible business expense
Explanation:
There are a few expenses related to business that a self-employed could claim deductions on. Some of these expenses are cost of meal and travel expenses fore business purpose.
One such deductible expense is tuition fees incurred on a course to hone current job skills. Tuition fees incurred on attending a course that is not related to current business is not deductible.
Groceries to prepare lunch and clothes bought to wear to work are considered personal and not business expenses and so are not deductible.
