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3 years ago

How can business decisions affect local community?

1 answer:

6 0

Incorporating small businesses into local government decisions can help ensure the small town culture within the community.

Small businesses will also participate and volunteer their time at fairs and festivals, working to connect with members of the community while sharing their services to a large audience.

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Bramble corp. wants to sell a sufficient quantity of products to earn a profit of $200000. if the unit sales price is $18, unit

mote1985 [20]

To solve for units sold at an income of $200,000:

First, I would subtract the variable cost of $8 from the unit sales price of $18 dollars which gives you $10.

Unit profit = $10

Fixed costs = $200,000

How many units need to be sold to earn an income of $200,000?

40,000 units x $10 = $400,000 - $200,000 = $200,000

40,000 units need to be sold to earn an income of $200,000.

3 0

3 years ago

Explain the income from business and its taxation treatment

patriot [66]

Answer: Income is taxed when earned, capital gains income is taxed when realized, dividends when distributed, and other forms of business income may escape taxation entirely .

Explanation:

8 0

2 years ago

A company buys equipment for $48,000, expects to use it for ten years, and then sell it for $6,000. using the straight-line meth

Vesnalui [34]

Using the straight-line method, the company should report annual depreciation for the equipment of $4,200.

Given,

A company buys equipment for $48,000 expects to use it for ten years, and then sell it for $6,000

The formula to calculate annual depreciation is given below-

Annual depreciation = (Original cost - salvage value) / Estimated life(years)

Annual depreciation = ($48,000 - $6,000) / 10

Thus, annual depreciation = $4,200

A standard yearly rate at which depreciation is charged to a fixed asset is called annual depreciation. Thus, to calculated depreciation the straight-line method is used. Where you need to subtract the asset's salvage value from its cost.

To learn more about annual depreciation here:

brainly.com/question/27971176

#SPJ4

3 0

2 years ago

Jason and Paula are married. They file a joint return for 2020 on which they report taxable income before the QBI deduction of $

mote1985 [20]

Answer: $28940

Explanation:

Their QBI deduction for the year goes thus:

Jason's QBI amount will be:

= $173000 × 20%

= $173000 × 0.2

= $34600

Paula's QBI amount will be:

= $28,300× 20%

= ($5660)

Therefore, their combined qualified business income will be:

= $34600 - $5660

= $28940

The overall limitation which is based on th modified taxable income will be:

= $247000 × 20%

= $49400

Since $28940 is lesser than $49400, their QBI deduction for the year is $28940

7 0

3 years ago

Andrew Industries purchased $173,000 of raw materials on account during the month of March. The beginning Raw Materials Inventor

musickatia [10]

Answer:

The ending Raw Materials Inventory balance for March is $34,600

Explanation:

Raw material inventory is the inventory of those material which will be used in the processing of the production of a product. It includes direct material and indirect material as well.

The ending raw material will be calculated as follow

Ending Raw Material = Beginning raw material + Purchases for the period - material used in the period

Ending Raw Material = $23,600 + $173,000 - ( $148,200 + $13,800 )

Ending Raw Material = $23,600 + $173,000 - $162,000

Ending Raw Material = $196,600 - $162,000

Ending Raw Material = $34,600

7 0

3 years ago