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3 years ago

William is preparing to file his tax return. Which two items are necessary to complete his tax return?

Business

1 answer:

Fiesta28 [93]3 years ago

4 0

Answer:

W-2 form from an employer, Receipts for expenses taken as deductions or credits

Explanation:

Got it right on Plato

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What is the best definition of profit?

weqwewe [10]

Answer:

The correct answer is D. Profit is the financial gain from business activity minus expenses.

Explanation:

For example a company whose business activity is selling chairs has sold 10 chairs in a month at 10 dollars each which it has bought in 6 dollars (per chair). The company has incurred 5 dollars as admin expenses and had paid 10 dollars to commercial bank as interest. So what is company profit?

Calculation.

The profit will be 25$ as shown below.

Sales (10*10) 100

Purchase (10*6) (60)

Admin expense (5)

Financial expense (10)

Profit 25

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3 years ago

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The most compelling and effective messages contain a variety of sentence patterns and avoid common sentence faults. You can crea

Zepler [3.9K]

Answer:

The correct answer is (c)

Explanation:

The structure of a sentence is important to avoid common sentence faults as it helps to better understand the sentence. There are various types of sentences such as compound, simple sentence etc. A complex sentence consists of at least one dependent clause and an independent clause. A dependent sentence can stand alone but for a better sentence, it is important to have an independent clause with a dependent clause.

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3 years ago

A combination of a sole proprietorship and corporation

egoroff_w [7]

The answer is cooperative. It is described as jointly-owned and democratically-controlled enterprise. It includes <span>non-profit community organizations. There are many types of cooperatives such as worker cooperatives, consumer cooperatives, and producer cooperatives.</span>

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3 years ago

A firm's current profits are $400,000. These profits are expected to grow indefinitely at a constant annual rate of 4 percent. I

Valentin [98]

Answer:

A. $21,200,000

B. $20,800,000

Explanation:

A. Calculation to determine The instant before it pays out current profits as dividends

Value of the firm =[(Current profits) × (1 +Opportunity cost of funds)} ÷ (Opportunity cost of funds - Constant growth annual rate)

Let plug in the formula

Value of the firm= [($400,000) × (1 + 0.06)]÷ (0.06 - 0.04)

Value of the firm= [($400,000) × (1.06)]÷0.02

Value of the firm= $424,000 ÷ 0.02

Value of the firm= $21,200,000

Therefore The instant before it pays out current profits as dividends will be $21,200,000

B. Calculation to determine The instant after it pays out current profits as dividends

Using this formula

Value of the firm =[(Current profits) × (1 +Constant growth annual rate)} ÷ (Opportunity cost of funds - Constant growth annual rate)

Let plug in the formula

Value of the firm= [($400,000) × (1 + 0.04)] ÷ (0.06 - 0.04)

Value of the firm= [($400,000) × (1.04)] ÷ (0.06 - 0.04)

Value of the firm= $416,000 ÷ 0.02

Value of the firm= $20,800,000

Therefore The instant after it pays out current profits as dividends will be $20,800,000

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3 years ago

A lender uses a credit report to _____.

MrRissso [65]

I am pretty sure it's to decide if the applicant is creditworthy. ( Makes most sense. Did research too.) :)

7 0

3 years ago

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