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Over [174]
3 years ago
13

Rhett made his annual gambling trip to uwin casino. on this trip rhett won $250 at the slots and $1,200 at poker. also this year

, rhett made several trips to the race track, but he lost $700 on his various wagers. what amount must rhett include in his gross income?
Business
1 answer:
SIZIF [17.4K]3 years ago
5 0

Answer:

Gross income=(1450-700)=$750

Explanation:

Gross income is the total earning before any taxes or deductions

In this case;

Gross income=Winnings-Losses

where;

Winnings=Slots+poker=(250+1200)=$1450

Losses=racetrack=$700

Replacing;

Gross income=(1450-700)=$750

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Show how Cablevision can conduct an ROI analysis. Describe the information that the company should collect and how it should b c
Flauer [41]

Answer:

Explanation:

Cablevision can easily accomplish this by doing the following. First gather the number of sales of premium services and other products that non-trained individuals are accomplishing in a given time period (example, one month). Next, under the same conditions place the newly trained individuals and gather the same data from them (number of sales/subscribers gained, premium products, and other products). Finally, they would simply need to compare the difference in the number of sales to see if the training paid off. They would also need to calculate if the difference in sales surpasses the costs of training.

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3 years ago
Midyear on July 31st, the Chester Corporation's balance sheet reported:
erastova [34]

Answer:

$76.856 million

Explanation:

As we know that Balance sheet is divided in two portions.

1. Total Assets (Current Assets + Fixed Assets)

2. Total Liabilities and Share Holders' Equity.

and they both should be equal. So we can write from the above information, as:

Total Assets = Total Liabilities + Total Common Stock + Retained Earnings

N.B. We are excluding Cash from our calculation cause we assume that Cash is already been included in Total Assets.

Hence, by putting the values in above equation we can find our Retained Earnings as:

Retained Earnings + $128.230 million + $6.350 million = $211.436 million

Retained Earnings + $134.58 million = $211.436 million

Retained Earnings = $211.436 million - $134.58 million

Retained Earnings = $76.856 million

6 0
3 years ago
A company offers ID theft protection using leads obtained from client banks. Three employees work 40 hours a week on the leads,
photoshop1234 [79]

Answer: MFP= 4.00±0.01

Explanation:

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3 years ago
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The August current year bank statement for Allison Company and the August current year ledger account for cash follow:
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The August current year bank statement for Allison Company and the August current year ledger account for cash follow is

1. Deposits in transit as on August 31 are $5,400.

2. Outstanding checks are $280 and $460 amounting to a total of $740 (280+460).

3. Bank reconciliation statement-

Particulars Amount ($) Particulars Amount ($)

Balance as per cash account* 22,475 Balance as per bank account 20,235

Add: Interest collected 2,550 Add: Deposits in transit 5,400

25,025   25,635

Less: Bank service charge (130) Less: Outstanding checks (740)

Adjusted book balance 24,895 Adjusted bank balance 24,895

*Balance as per cash account = 16,470+11,800+4,450+6,900+5,400-185-860-280-460-750-260-19,750

= 22,475

4. Journal entries-

S.No. Accounts titles and Explanation Debit ($) Credit ($)

1. Cash 2,550  

 Interest received   2,550

(To record the interest collected)    

 

2. Bank service charges 130  

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(To record the bank service charges)    

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In accounting, a well-known ledger is used to fill all of an agency's transactions. inside a general ledger, transactional data is organized into assets, liabilities, sales, fees, and proprietor's equity. After each sub-ledger has been closed out, the accountant prepares the trial stability.

Ledger wallets are USB storage devices that hold more than one currency offline. It shops your non-public keys on the tool, making it tough for online hackers to get admission to your bills. If the bodily tool is stolen, customers depend upon a 24-word backup recovery word to get the right of entry to saved cryptocurrencies.

Learn more about  ledger here brainly.com/question/1436327

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4 0
1 year ago
What is dumping?
pychu [463]
Dumping is exporting goods at prices that are lower than their value.
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3 years ago
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