The largest proportion of federal revenues comes from C. Personal income taxes.
Answer: Consultants
Explanation: They give their ideas and the company works according to that. If the company managers take decisions that suits them the employees and owners will adhere but the consultants might turn it down which affects the company immensely.
When Prior year ending inventory understated by $ 50,000 :
If the ending inventory of the prior year has been understated then the COGS of the prior year get overstated which ultimately understated Pretax income by the same margin.
Prior year ending inventory is the current year opening inventory, so when the prior year ending inventory has been understated that means the current year opening inventory is also getting understated. Which resulted in an understatement of COGS and due to which pretax income of the current year gets overstated by the same margin.
Total pretax income of the two years = $ (50,000) + $ 50,000 = Nil ( No effect).
The four most commonly used inventory types are Raw Materials, Work in Process (WIP), Finished Goods, Maintenance, Repair, and Overhaul (MRO). Knowing the nature of your inventory will help you manage your inventory better and smarter. Consider a fashion retailer like Zara, which operates seasonally.
Learn more about inventory at
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Answer:
Debt-to-equity ratio = 0.70
Explanation:
given data
liabilities totaling = $29,750
mortgage = $99,167
net worth = $42,500
solution
we get here debt-to-equity ratio that is express as
debt-to-equity ratio = Total Debt ÷ Total Equity ....................1
put here value and we will get
Debt-to-equity ratio = 
Debt-to-equity ratio = 
Debt-to-equity ratio = 0.70
Depreciation is a systematic write-off of the cost of a tangible asset that is listed on the income statement.
