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tino4ka555 [31]
3 years ago
12

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 pharmacist needs to measure out 35 grams of a 70% powder using the 50% and 90% powders he has in stock. how much of each pow
aleksandrvk [35]
The pharmacist needs to measure out 17.5 grams of the 50% powder and 17.5 grams of the 90% powder and should end up with 35 grams of the 70% powder thus making for an easy method of calculation for mixing the two powders.
4 0
3 years ago
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When discussing comparative and absolute advantage, which best describes specialization? developing expertise in certain types o
777dan777 [17]

The answer is: limiting the types of goods and services produced

When a certain country decided to do a specialization, it will utilize most of their time and effort to one specific sectors. These sectors usually be chosen because that country had a certain competitive advantage  over another country due to the resources that they possess.

For example, Malaysia is conducting a specialization in latex related products. They choose to do this because they possess the environment that is perfect for  latex tree to grow. Currently, they are among the top three latex producers in the world.

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3 years ago
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Ryan’s shoe store sells a variety of shoes. his “active shoes” campaign is reaching the daily budget cap by the early afternoon.
irina1246 [14]

What should Ryan do in order to get more traffic for his products is to increase the budget cap of the campaign, this will have a benefit towards their goal because if there is enough budget cap, they may gain advantages in terms of having their products to be as much and to be sold to wide variety of consumers, increasing order for their product.

8 0
3 years ago
The financial statement that shows the state of the firm's assets, liabilities, and owner's equity on a specific date is called
Naily [24]

Answer:

The financial statement that shows the state of the firm's assets, liabilities, and owner's equity on a specific date is called a balance sheet

Explanation:

By going through the question, the balance sheet option is appropriate.

As balance sheet involves assets, liabilities and  shareholder equity.

In mathematically,

Total Assets = Total Liabilities + Owner's equity

This we called the accounting equation

The balance sheet was made on the specific date because it interprets the firm financial position,performance,liquidity,solvency,leverage, etc.

Hence, The financial statement that shows the state of the firm's assets, liabilities, and owner's equity on a specific date is called a balance sheet

3 0
3 years ago
Johnson Electronics is considering extending trade credit to some customers previously considered poor risks. Sales would increa
Dafna1 [17]

Answer:

a) Incremental income after taxes:

•Additional sales--------------$156,000

•Accounts uncollectible

(5% of $156,000)-------------$7,800

• Annal revenue increment

(Ad sales-acts colectible)--$148,200

• Collection costs

(5% of $156,000)-----------------$7,800

• Production & selling costs

(73% of $156,000)-------------$113,880

• Annual income before tax

(Annual incremental rev -

Collection costs-prod.&sell

Costs)------------------------------$26,520

• Taxes at 20% -----------------$5,304

• Incremental income after

tax-----------------------------------$21,216

b) Incremental income on sales =

Incremental income/Incremental sales.

= (21216/156000)*100

= 13.60%

c) Receivable turnover =

Sales/Receivable

Receivables =

sales/receivable turnover

= 156000/3 = $52000

Based on the new average, incremental return will be:

(21216/52000) * 100

= 40.80%

4 0
3 years ago
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