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3 years ago

Which of these results in a lower net income?

2 answers:

7 0

I think the correct answer from the choices listed above is the third option. It is the withholdings that result in a lower net income. A withholding tax, also called a retention tax, is a government requirement for the payer of an item of income to withhold or deduct tax from the payment, and pay that tax to the government.

Stella [2.4K]3 years ago

6 0

Hello there,

Which of these results in a lower net income?

withholdings

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A concentration ratio:

Masja [62]

Answer: Option (B) is correct.

Explanation:

Concentration ratio reflects the level of competition among the firms in an industry. When a concentration ratio is lower in an industry, it represents that greater the competition among the firms and if this ratio is around 100% then there is no competition among the firms, it is a situation of monopoly.

8 0

3 years ago

Which british entrepreneur cofounded the de beers mining company and used his power to increase british control of african terri

Allushta [10]

Cecil Rhodes co-founded the DE beers mining company and used his power to increase British control of African territory.

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2 years ago

Crane Company's accounting records reflect the following inventories: Dec. 31, 2017 Dec. 31, 2016 Raw materials inventory $21000

TiliK225 [7]

Answer:

$910,000

Explanation:

Given the above information, total raw materials available for use during 2017 is calculated below;

= Beginning raw materials + Purchases

Beginning raw materials = $210,000

Purchases = $700,000

Then,

Total raw materials available for use during 2017 for Crane company

= $210,000 + $700,000

= $910,000

5 0

2 years ago

The adjusted trial balance of Norton Company contained the following information. Assume the tax rate is 25%:

const2013 [10]

Answer:

b. $65,000

Explanation:

Particulars Amount

Revenues

Service Revenue $390,000

Less: Sales Return and allowance $10,000

Less: Sales Discount $5,000

Net Sales Revenue $375,000

Less: Cost of Goods Sold $200,000

Gross Profit $175,000

Less: Operating Expenses $110,000

Operating Income $65,000

Thus, income from operation is $65,000

6 0

3 years ago

What is groupthink? question 5 options:

Ivahew [28]

Groupthink is c. modification of the opinions of members of a group to align with what they believe is the group consensus
When a social group openly held a certain principles or perspective, their members tend to modificate their principles or perspective to align with the group's in order to avoid being considered as an outcast within the group.

8 0

3 years ago