Answer:
A home improvement store that just began business last year and had $2.7 million in gross receipts.
Explanation:
The IRS allows only a limited number of businesses to use cash basis accounting and in order to do so, the business must be:
- Partnership or C corporation with less than $5 million in total sales revenue per year
- Sole proprietorship or S corporation with less than $1 million in total sales revenue
- Cannot be a publicly traded corporation
- Personal service businesses with more than 95% of revenue specifically related to services.
- Family owned farms with total annual sales revenue less than $25 million.
Answer:
Unemployment rate of Batesburg-Leesville, SC. =8.71%
Explanation:
Total population= 5,377
Total unemployed=245
Total employed=2,572
Total labour force=employed people + unemployed people
Total labour force=2,572+245
=2,817
Unemployment rate= Total unemployed people/Total labour force ×100
Unemployment rate= 245/2,817 × 100
=0.0871×100 (approximately)
=8.71%
Answer:
Steel
Explanation: Steel is considered a raw resource.
Answer:
modify his website and improve his SEO to target those search engines
Explanation:
Based on this information it can be said that, since Jeff knows that he has a large customer population through Google and Bing's search engines then he needs to modify his website and improve his SEO to target those search engines. SEO stands for Search Engine Optimization and is the process of implementing the correct keywords and information in order to appear more often on search engines. This will largely increase the number of individuals that see Jeff's website when searching on Google or Bing.
Answer:
(A) $700,000
(B) 12,308 units
Explanation:
(A) The before-tax profit that is needed to achieve an after-tax target of $420,000 can be calculated as follows
= after-tax income/1-tax rate
= $420,000/(1-40/100)
= $420,000/1-0.4
= $420,000/0.6
= $700,000
(B) The number of units that will yield operating income can be calculated as follows
= desired contribution margin/Contribution margin per unit
Desired contribution margin= $445,000 + $295,000 + $700,000
= $1,440,000
Contribution margin per unit= 300-(90+66+15+12)
= 300-183
= 117
Therefore the number of units that will yield the operating income is
= 1,440,000/117
= 12,308 units