Answer:
Tax Liability = $74,550
Explanation:
Particular Amount
Sales $1,855,000
Less: COGS(70% of sales) <u>$1,298,500</u>
Gross Profit $556,500
Less: Operating expenses <u>$225,000</u>
Operating profit $331,500
Add: Taxable dividend income $40,000
Add: Capital gain $10,000
Less: Interest Expenses <u>$26,500</u>
Net Taxable Income $355,000
Tax rate = $355,000 * 21%
Tax Liability = $74,550
Note: 21% is the Tax rate approved by the Tax cuts and Job Acts of 2017.
Its B, Professional and business services. I just took the test.
Answer:Addition to net income in the operating activities section
Explanation:
Answer:
B. A) population sizes, income levels and cultural influences, the current state of the infrastructure, and distribution and retail networks available.
Explanation:
In a country where population is high, the demand for goods and services would be high and this would stimulate market growth. On the other hand, in a country where population is low, demand for products would be low and this can hinder market growth.
In a country where income level is high, demand for goods and services would also be high and this would stimulate market growth. The opposite is the case when income is low.
The presence of good infrastructure in a country enhances innovation and production and this can lead to market growth.
The presence of a strong and good retail network to enhance distribution of goods and services can lead to market growth as it assures producers of efficient distribution of goods and services produced.
I hope my answer helps you
<span>The functional distribution of income shows the distribution of income among factors of production and the personal distribution of income shows the distribution of income amonghouseholds.
The function distribution is attributed to the company performance, so it does look in to resources and the all levels of staff where as the personal distribution is associated with a single individual who is concerning towards his household.</span>
