Financial incomes other than scholarships can be included in the calculation of gross income.
<u>Explanation: </u>
The gross revenue, cost of sold goods marks the gross income for a business which is also known as gross margin. It does not include all the other costs in running the business.
For an individual, gross income is the total financial income that he/she receives before paying tax or other deductions is known as gross income or gross pay. It not only includes wages and salary but also the other incomes namely alimony, pension, tips, rental income, investment income, capital gains and dividends.
Answer:
Normally a demand curve will have downward sloping shape.
Explanation:
The demand curve is downward sloping, indicating the negative relationship between the price of a product and the quantity demanded.
Answer:
The number of equivalent units of production in the June 30, Finishing Department inventory is 575 units.
Explanation:
In order to calculate the number of equivalent units of production in the June 30 Finishing Department inventory, we would have to use the following formula:
Equivalent unit of production = (Beginning WIP*percent completion)+Unit started and completed+(Ending WIP*percent completion)
5,200 = (1,500*75%+3,500)+X
5,200 = 4,625+X
X(Equivalent unit of ending WIP) = 5,200-4,625 = 575
The number of equivalent units of production in the June 30, Finishing Department inventory is 575 units
Answer:
the expected price of the stock one years from now is $115.80
Explanation:
The computation of the expected price of the stock one years from now is as follows;
= This year's sales per share × (1 + growth in sales) × historic P/S ratio
= $10.55 × (1 + 0.12) × 9.8
= $115.80
Hence, the expected price of the stock one years from now is $115.80
The same is to be considered by applying the above formula
Answer:
<u>Square feet occupied by the responsibility centers are an appropriate base for the distribution of building depreciation cost to responsibility centers.</u>
Explanation:
The costs of a business are circulated to different cost duty focuses. The costs identified with the devaluation of a structure are likewise dispersed to different obligation communities. For this reason, the devaluation costs will be conveyed based on pertinent and suitable elements.
It very well may be seen that the square feet region involved by the duty communities is identified with the expense of devaluation of building. It is one of the parts of the idea identified with the structure. As needs be, the square feet involved by the obligation habitats will be the fitting reason for the concerned reason.
