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Gnom [1K]
3 years ago
11

Match each sentence to the term It's describing.

Business
1 answer:
VikaD [51]3 years ago
6 0

Answer:

I dont know the answer but im doing it right now what did you put and get

Explanation:

and what did you make on it

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Sidewinder, Inc., has sales of $658,000, costs of $334,000, depreciation expense of $79,000, interest expense of $44,000, and a
Lynna [10]

Answer:

The addition to retained earnings is $84,790.

Explanation:

Sales of                                          $658,000

Costs of                                          (<u>$334,000)</u>

Gross Income                                $324,000

Depreciation expense                  <u>($79,000)</u>

Income before interest and Tax   $245,000

Interest expense                           <u>($44,000)</u>

Income before tax                          $201,000

Tax 21 %                                         <u>($42,210)  </u>

Net Income                                     <u>$158,790</u>

Addition to retained Earning =  Net Income -  dividend paid

Addition to retained Earning =  $158,790 -  $74,000

Addition to retained Earning =  $84,790

3 0
3 years ago
Calendars are useful to track homework assignments.
mars1129 [50]

Answer:

true answers and please give me answer

8 0
2 years ago
Read 2 more answers
The Miller Company earned $133,000 of revenue on account during Year 2. There was no beginning balance in the accounts receivabl
horsena [70]

Answer:

The net realizable value of Miller's receivables at the end of Year 2 was:  $42,010

Explanation:

Open a Trade Receivable Account as follows :

Debits :

Revenue $133,000

Totals      $133,000

Credits:

Cash        $87,000

Balance   $46,000

Totals      $133,000

Note that Allowance for Doubtful debts is estimated at 3% of the Company`s Sales on Account

Allowance for Doubtful debts = $133,000 × 3%

                                                 = $ 3, 990

<u>Net realizable value of Miller's receivables</u>

Trade Receivable Balance                $46,000

Less Allowance for Doubtful Debts    $3,990

Trade Receivables                              $42,010

4 0
4 years ago
Gary Marks is paid on a monthly basis. For the month of January of the current year, he earned a total of $8,838. FICA tax for S
statuscvo [17]

Answer: $1,110.11‬

Explanation:

The Employer is to pay and withhold all taxes except the income tax withheld so the employer's payroll tax expense will be;

= Social Security Tax + Medicare tax + FUTA + SUTA

= ( 0.062 * 8,838) + ( 0.0145 * 8,838) + ( 0.008 * 7,000) + ( 0.054 * 7,000)

= 547.96 + 128.15 + 56 + 378

= $1,110.11‬

<em>SUTA and FUTA are payable on first $7,000 of an employee's pay.</em>

3 0
3 years ago
g The difference between the small business owner and the entrepreneur is that the entrepreneur: Group of answer choices assumes
Vinvika [58]

Answer: The entrepreneur assumes the risk of the business

Explanation:

An entreprenuer is a person that's bears the risk and controls the other resources such as the land , labour and the capital.

Also, we should note that the entrepreneur either makes a profit or loss. The difference between the small business owner and the entrepreneur is that the entrepreneur assumes the risk of the business

8 0
3 years ago
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