How much money did he save by paying

Briefly explain how the government uses taxation as a redistribution method

crimeas [40]

Answer:

The purpose of this is to increase economic stability.

8 0

3 years ago

if companies have identical inventoriable costs but use different inventory flow assumptions when the price of goods have not be

ANEK [815]

Answer:

Bigyan mo ako ng pick para maanswer

Explanation:

patawad talaga

4 0

3 years ago

_____ is the most common way to measure the standard of living in different countries. GDP per capita Nominal GDP Real GDP

Lady bird [3.3K]

The answer is GDP per capita. The Gross Domestic Product just shows the wealth of a nation as a whole since GDP is the value measure of the all the final goods and services produced over a period of time by a country. GDP per capita shows the average wealth per person (hence involves dividing the GDP of a country by its population).

8 0

3 years ago

Read 2 more answers

The trial balance of Rollins Inc. included the following accounts as of December 31, 2021:

Alinara [238K]

Answer:

Net income = $725,625

Earnings per share = $7.26 per share

Explanation:

The multiple-step income statement refers to an income statement that displays gross profit obtained as sales revenue minus cost of goods sold, and also shows an organization's operating revenues and operating expenses separately from its nonoperating revenues or gains and expenses or losses.

The multiple-step income statement can be prepared as follows:

Rollins Inc.

multiple-step income statement

For the Year Ended December 31, 2021

Details $ $

Sales Revenue 5,400,000

Cost of goods sold (3,950,000)

Gross profit 1,450,000

Operating expenses:

Selling expense (350,000)

General and admin expense (250,000)

Total operating expenses (600,000)

Operating income 850,000

Interest revenue (expense):

Interest revenue 37,500

Interest expense (20,000)

Total Interest revenue (expense) 17,500

Other compreh. income (loss):

Loss on sale of investments (10,000)

Loss on debt investments (125,000)

Gain on projected ben. obligation 235,000

Total other compreh. income (loss) 100,000

Income before tax 967,500

Income taxes (w.1) (241,875)

Net income  725,625 

Earnings per share (w.2) 7.26

Workings:

w.1: Income taxes = Income before tax * Effective tax rate = $967,500 * 25% = $241,875

w.2: Earnings per share = Net income / Number of shares of stock outstanding throughout the year = $725,625 / 100,000 = $7.26

7 0

3 years ago

Describe a situation in which your ability to do a great job was prevented by a company, a peer, or a supervisor. What prevented

marin [14]

Often times in youth ministry I am prevented from doing the best at my job because there are policies in place or things that have just 'always been done that way' which are held priority over people. Having to completely adhere to these policies, rules and 'traditions' often prevent me from doing proper work and establishing 'no-strings-attached' relationships with youth to really make an impact in their lives.

6 0

3 years ago