The maximum percentage of a families net spendable income should have at least 38% set aside for housing expenses. This is because most people can't afford their housing and need more set aside each month.
Answer:
Activity quotas
Explanation:
An activity quota is a minimum level of sales-oriented actions that must be met by a salesperson during a given time period. An activity quota may require a salesperson to make a certain number of outbound calls, send a certain number of emails to potential clients, or submit a certain number of statements of work. An activity quota measures a single task that a salesperson completes to help generate sales; it doesn’t measure actual sales volume or output.
Answer:
c. $57,556
Explanation:
Operating Cash flow = Net Income + Non cash Expenses + net Change in working capital
Operating Cash flow = 44,245 + 16,500 + (-12,500 + 9310)
Operating Cash flow = 57,555
$
Sales 361,820
Cost <u> (267,940) </u>
Gross Income 93,880
Depreciation <u> (16,500) </u>
Operating Income 77,380
Interest Expense <u>(9,310)</u>
Income before Tax 68,070
Tax 35% <u>(23,825)</u>
Net Income <u> 44,245 </u>
Answer:
Separate legal entity and taxation process
Explanation:
In a corporation, unlike in other forms of business, the owners and business are treated separately under the law. This principle is referred to as separate legal entity concept.
So for any contracts or deals entered into by a corporation, the owners cannot be held personally liable or asked to make good the losses incurred due to entering into those contracts unless of course if owners acted with mala fide intentions to earn personal profits. In short, owners personal assets cannot be taken away.
Secondly, the taxation slab applicable to corporations is also different in the sense corporations pay taxes on dividend paid. Secondly, when such dividend forms part of the revenue of shareholders, tax is again paid on that dividend income, this time by the shareholder. So in a way, shareholders get taxed twice, since in the first case, the company paying dividend recovers the tax on dividend paid from shareholders. This is referred to double taxation.