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GrogVix [38]
2 years ago
9

Finn is interested in taking over a small business, but he wants to pay a fair price for it, so he consults their income stateme

nts. How can he determine the company's overall profitability in each quarter of the previous year?
a. Calculate total revenue minus taxes paid.
b. Calculate operating revenue minus operating expenses.
c. Calculate total revenue minus operating expenses.
d. Calculate total revenue minus total expenses
Business
1 answer:
Diano4ka-milaya [45]2 years ago
4 0

Answer:

d. Calculate total revenue minus total expenses

Explanation:

Profit is Calculated as Total revenue minus Total expenses. Therefore, consider all Incomes generated by the Business whether Primary or Secondary. Also consider all Expenses incurred by the business including Non - Operating expenses.

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Interest income received by a cash basis taxpayer is generally reported in the tax year it is received. True False
FromTheMoon [43]

Answer:

TRUE

Interest income received by a cash basis taxpayer is generally reported in the tax year it is received.

5 0
3 years ago
Madison Corporation reported taxable income of $400,000 in 20X3 and accrued federal income taxes of $136,000. Included in the co
kap26 [50]

Answer:

A) $424,000

Explanation:

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3 years ago
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8 0
3 years ago
20 points easy?………………………
natita [175]

Answer:

Legal damages

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yes 20 points easy

3 0
1 year ago
The manager of the customer service division of a major consumer electric company is interested in determining whether the custo
Elanso [62]

Answer:  Stratified random sampling

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Given : The manager of the customer service division of a major consumer electric company is interested in determining whether the customers who have purchased a Blu-ray player made by the company over the past 12 months are satisfied with their products. If there are 4 different brands of Blu-ray players made by the company.

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4 0
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