1.A.The mission of the System
2.C.Losses
3.B.Operational Characteristics
Answer:
External finance needed = $2,088
Explanation:
Note: See the attached excel file for the Calculation of ratios with respect to sales, Proforma Income Statement, Calculation of Retained Earnings and Equity, and Proforma Balance Sheet.
From the Proforma Balance Sheet in the attached excel file, we have:
Total Assets = $12,610
Total Liabilities = $10,448
Therefore, we have:
External finance needed = Total Assets - Total Liabilities = = $12,610 - $10,448 = $2,088
According to the creative process model, <u>verification</u> is the next stage in the creative process after such inspiration.
<u>Option: C</u>
<u>Explanation:</u>
The creative process can be split into four phases: planning, incubation, enlightenment and verification. During the first level, data is collected from your brain. After all, new ideas aren't coming out of a vacuum. You let your mind wander in the second level, and spread your thoughts.
You'll make links between thoughts in the third level. In the fourth level, critical thought needs to refine new ideas in order to address their target convincingly. Such creative method offers the complete technique to give birth to new ideas from just a hint.
Answer:
Yes. Nicoula is required to pay tax including the tips
Explanation:
Since Nicoula received $1,200 in unreported tips during 2016 and owes Social Security and Medicare taxes on these tips. Her total income for the year, including the tips, is $4,300.
Nicoula is required to pay an income tax return for 2016 because Tips are considered to be part of employee wages and or salaries, hence employers are required by law to withhold and pay to the IRS payroll taxes on the tips employees report to them each month.
It is mandatory to report on the tax return, the amount of any Social Security and Medicare taxes Nicoula has failed to pay on her 'tip income'.
Answer:
A.)Employers must match the amount of an employee's contribution to a retirement fund up to a certain percentage of the employee's contribution.
Explanation:
401(k) is defined-contribution retirement account.
