1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lions [1.4K]
3 years ago
11

Manny, a calendar-year taxpayer, uses the cash method of accounting for his sole proprietorship. In late December he performed $

20,000 of legal services for a client. Manny typically requires his clients to pay his bills immediately upon receipt. Assume Manny’s marginal tax rate is 37 percent this year and next year, and that he can earn an after-tax rate of return of 8 percent on his investments. Should Manny send his client the bill in December or January?
Business
1 answer:
nordsb [41]3 years ago
6 0

Answer:

Should Manny send his client the bill in December or January?

Send the bill in January because in cash method accounting recognized when payments are made.

In december he recognized only income because is in advance.

Explanation:

The cash method of accounting requires that sales be recognized when cash is received from a customer, and that expenses are recognized when payments are made to suppliers.

You might be interested in
The goal of global market segmentation is to break down a new foreign market for a product or a service into different groups of
Lunna [17]

The goal of global market segmentation is to break down a new foreign market for a product or a service into different groups of consumers so the firm can <u>tailor its </u><u>marketing mix </u><u>to each individual segment</u>.

More about marketing mix:

The marketing mix is the collection of activities, or methods, that a business employs to sell its brand or merchandise. A typical marketing mix is comprised of the four Ps: price, product, promotion, and place. Today, however, the marketing mix is progressively including several more Ps as essential mix components, such as Packaging, Positioning, People, and even Politics.

Price mix is the cost incurred by the company to deliver a product to the customer. Product mix exemplifies the nature of the good that the company is selling to the customer. Place mix is the method used to distribute the goods at a time and place that are convenient for the consumer.

Learn more about marketing mix here:

brainly.com/question/14410009

#SPJ4

<u />

5 0
1 year ago
Question 2
Vesnalui [34]

Answer:

d. willingness to pay of all buyers in the market.

Explanation:

The demand curve shows the relationship between the price of a good or service and the quantity demanded at a particular time.

Therefore, a demand curve reflects:

a. highest price buyers are willing to pay for each quantity.

b.quantity that each buyer will ultimately purchase.

c. value each buyer in the market places on the good.

With this in mind, what the demand curve does not reflect, with these in mind is a willingness to pay of all buyers in the market.

8 0
2 years ago
Lamp Light Limited (LLL) manufactures lampshades. It applies variable overhead on the basis of direct labor hours. Information f
dmitriy555 [2]
The answer is a , make sure you pick that oneb
7 0
3 years ago
Venture capital (VC) firms are pools of private capital that typically invest in small, fast-growing companies that can't raise
sergey [27]

Answera dnd Explanation:

A. The incentive conflict in principal-agent relationship as it concerns venture capitalism is conflict between venture capitalists who are the principals and the managers of the business investment who are the agents. The conflict is that venture capitalists are put to increase value of their investment and make profit while salaried managers are only out to feel their pockets through their managerial role in the company as they do not have an interest in the company and are unaffected by the loss or failure of the company. This is known as the principal agent moral hazard issue in venture capitalism

B. By managers maintaining some ownership in the company, there us reduced conflict as managers now see a reason to make sure company succeeds since they have an interest

Venture capitalists aim to have a seat in the board to make sure managers do not take bad decisions since they are able to veto such decisions

4 0
3 years ago
Determine your targetarket​
mart [117]

Answer:

A target market refers to a group of customers to whom a company wants to sell its products and services, and to whom it directs its marketing efforts. Consumers who make up a target market share similar characteristics including geography, buying power, demographics, and incomes.

Hope it helps ya!. Please give me brainliest! ☞︎︎︎☜︎︎︎ thank you!

☕︎☕︎☕︎☕︎☕︎☕︎☕︎☕︎☕︎☕︎☕︎☕︎☕︎☕︎☕︎☕︎☕︎☕︎☕︎☕︎☕︎☕︎☕︎☕︎☕︎☕︎☕︎☕︎

7 0
2 years ago
Other questions:
  • What is the difference between a marketing strategy and a marketing plan?
    5·2 answers
  • LBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 4.3 hours of direct labor at the r
    5·1 answer
  • If a lender is not paid and they take the collateral that secured the loan, this is called _____. garnishment bankruptcy foreclo
    15·2 answers
  • Think about the videos you have watched. Why is there a need for government regulation, and what limits need to be placed on the
    5·1 answer
  • Which does not motivate entrepreneurs?<br>A. profit<br>B. freedom<br>C. innovaton<br>D. security
    15·2 answers
  • A(n) _____ is a characteristic that consumers may have difficulty assessing even after purchase because they do not have the nec
    13·1 answer
  • An analyst with a leading investment bank tracks the stock of Mandalays Inc. According to her estimates, the value of Mandalays
    14·1 answer
  • Following are transactions of Gotebo Tanners, Inc., a new company, during the month of January: Issued 10,000 shares of common s
    8·1 answer
  • On January 1, 2010, Broker Corp. issued $3,000,000 par value 12%, 10 year bonds which pay interest each December 31. If the mark
    9·1 answer
  • Can someone Plss help with this I’m not sure if that the right answer
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!