In the North, the economy was based on industry. They built factories and manufactured products to sell to other countries and to the southern states. ... Most people in the North worked in factories or owned their own businesses. They also planted small farms or gardens to help feed their families.
Answer: $2289
Explanation:
First, we have to calculate the gross percentage which would be:
= (Revenue - Cost of goods sold) Revenue
= ($124000 - $86800) / $$124000
= 30%
Therefore, the amount of gross profit must Panner defer in reporting this investment using the equity method would be:
= ($21800 × 30%) × 35%
= $21800 × 0.3 × 0.35
= $2289
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Answer:
The correct answer is b. after taxes minus preferred dividends.
Explanation:
Net profit: Add all the revenues of the firm and deduct all the expenses of the firm. If the amount come in positive, the firm earns profit else suffered loss.
In mathematically,
Net profit = Sales revenue - all expenses
The earning which is available to shareholders is net profit after paying preference dividend to preference shareholders.
As first we have to pay the dividend to preference shareholders then we distribute the income to equity shareholders.
In mathematically,
EBIT - taxes - Preferred dividend
Hence, the correct option is b. After taxes minus preferred dividends.