The impact at the time the payment is received is a Revenue $9000 increase with credit.
Turnover is the total amount of revenue generated from the sale of goods or services related to the company's main activities. Earnings, also known as total earnings, are often referred to as the "top line" because they are at the top of the income statement.
Revenue is the total revenue generated from the sale of goods and services related to the company's main activities. Commercial income is also called sales or earnings. Some companies derive their income from interest, royalties, or other fees.
Revenue represents income from business activities and profit represents net profit after deducting expenses from income. Earnings can take many forms, including B. Sales, Commission Income, and Property Income.
The Revenue is used as an indicator of income quality. There are several financial metrics related to this. The main ones are gross margin and profit margin. Businesses also use earnings to determine the cost of bad debts using the income statement method.
Account receivable $9000 increasea with debit
Revenue $9000 increase with credit
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Answer:
All of the above
Explanation:
ISO means: International Organization for Standardization. It is one of the most important standard making bodies.
This organization has issued the standard ISO 15118 (1-9) that gives technical recomendations about data communication interfaces for road vehicles. So, both concepts listed above are true.
Answer:
Project Y = -$1,825.80
Project Z = $4,148.00
Explanation:
Calculation are as attached in the file
Answer:
The correct answer is (e) None of the choices listed are correct.
Explanation:
Solution
Given that:
1. The Qualified dividend is the dividend taxed at capital gain tax rate and unqualified dividend taxed at individuals normal income tax rate. Therefore qualified dividend and non qualified dividend of $1500 &$500 included in gross taxable income.
2. Earned on US treasurers is exempt at state level but fully taxable at federal level. $1000 received taxable
3. State tax refund; don't report the state tax refund if didn't itemized deductions on federal tax return. Consider $1000 received as state tax refund required to be reported because of itemized deductions.
4. Section 125 of IRC specifies that cafeteria plans are exempt from calculation of gross income for federal taxation. Therefore $5000 cafeteria plan provided by employer is exempt.
5. During the year any state or local taxes paid and property taxes paid are deductible. Therefore $9000 and $3000 deductible subject to maximum $10000 of income tax and mortgage interest is $14000.
Now,
The Income is
The Salary= $200000
Add
The Qualified dividend= $1500
Non-qualified dividend =$500
Income from US treasurer $1000
State tax refund =$1000
Gross income$204000
The Less deductions.
Mortgage interest 14000
Income ans property tax is$10000
Tax able income= $ 180000
Therefore the taxable income is =$180000
