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3 years ago

Why is tax accounting important?

Business

1 answer:

nika2105 [10]3 years ago

7 0

Answer:

Tax accountants ensure that companies and individuals comply with tax laws by filing their federal and state income tax returns. Some tax accountants also offer tax planning advice to help businesses and individuals save money in taxes.

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The following transactions occurred during March 2016 for the Wainwright Corporation. The company owns and operates a wholesale

Triss [41]

Answer:

1. Financing Activity : $300,000

2.Investing Activity : $10,000 and Non-cash Financing and Investing Activity : $30,000

3.Operating Activity : - $90,000

4.Operating Activity : $50,000

5.Operating Activity : -$5,000

6.Operating Activity : -$6,000

7.Operating Activity : -$70,000

8.Operating Activity : $55,000

9.Operating Activity : $1,000

Explanation:

Operating Activities involves the entity`s trading operation in ordinary course of business.

Investing Activities involves the entity`s sale or purchase of Investments.

Financing Activities involves the entity`s acquisition and sale of funds.

6 0

3 years ago

Cranston wants a Settlement Option for his beneficiary that will guarantee the beneficiary an income as long as the beneficiary

9966 [12]

Answer:

sry i don't have this questions answers

6 0

3 years ago

Which of the following is an example of an operational risk for a company that manufactures automobiles?A. A state tax increase

Vedmedyk [2.9K]

Answer:C. Damage to completed cars held on a storage lot

Explanation:

Operational risk are the hazards and the uncertainties that are faced by companies in the day to day activities. It may be caused as a result of system failure or manufacturing components.

An example of operational risk for a company that manufactures automobiles would be damage to completed cars held on a storage lot.

7 0

3 years ago

If the price elasticity for frappuccinos is 0.6, by how much would unit sales drop?

shusha [124]

Frappuccinos drop in unit sales = 3.87%

Price elasticity for frappuccino = % change in quantity demanded / % change in price

% change in quantity demanded = Price elasticity for frappuccino * % change in price

= 0.6 * 6.45%

= 3.87%.

Frappuccinos are almost always loaded with fat, sugar, and calories, except for the Coffee Light Frappuccino, featured as one of the healthiest Starbucks drinks on this list. All four of Starbucks' unhealthiest drinks are frappuccinos.

Frappuccino is a Starbucks trademarked iced coffee drink. This drink is a coffee or cream base mixed with ice and other ingredients such as flavors, syrups, spices, and whipped cream.

Learn more about Frappuccino at

brainly.com/question/16226185

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8 0

11 months ago

Waterway Industries compiled the following financial information as of December 31, 2022: Service revenue $834000 Common stock 1

Rashid [163]

If Waterway Industries compiled the financial information as of December 31, 2022. Waterway's assets on December 31, 2022 are: $587500.

<h3>Assets</h3>

Using this formula

Assets=Equipment+Cash+Supplies+Accounts receivable

Where:

Equipment=$246000

Cash=$216000

Supplies=$33000

Accounts receivable=$92500

Let plug in the formula

Assets=$246,000 + $216,000 + $33,000 + $92,500

Assets =$587500

Therefore If Waterway Industries compiled the financial information as of December 31, 2022. Waterway's assets on December 31, 2022 are: $587500.

Learn more about assets here:brainly.com/question/11209470

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3 0

2 years ago