Answer:
Yes, Omaha department store would be better off by $23000.
Explanation:
Given: Sales revenue= $350000.
Cost of goods sold= $280000.
Sales commission= $30000.
Fixed operating cost= $90000.
Now, computing net profit or (loss)
Net profit/loss= 
∴ Net profit/loss= 
⇒ Net profit/loss= 
∴ Net loss= 
∴ Yes boot department should be closed, as Omaha department store is better off by $23000.
Answer:
The answer is $115,000
Explanation:
Solution
Given that:
Property sold =$140,000
Adjusted basis = $255,000
The buyer paid =$148,000
Mortgage on reality =$107,000
The next step is to find Mr Beck realized gain or loss on sale
Thus
Sale value =$140,000
Adjusted basis =$255,000
140,00 + 255,000 = $115000
Therefore Mr beck realized gain or loss on sale is $115,000
Double taxation is occurs when income taxes<span> are paid twice on the same source of </span>earned income. The income can be taxed at both the corporate level and personal level.<span>
</span><span>Dividends as a source of investor income is susceptible to double taxation.</span>
Factors related to the susceptibility of accounts to misstatement or fraud include the Size of the account balance and the volume of transactions.
A fraud risk factor is an event or condition that: (1) shows rationalizations or attitudes that justify wrongdoing; (2) Demonstrates motivation or pressure to commit fraud; or (3) provides an opportunity to commit fraud.
From the auditor's perspective, the three components of audit risk are inherent risk, control risk, and detection risk.
Inherent risk refers to the vulnerability of a statement to susceptibility misrepresentation due to error or fraud that, individually or in combination with other misrepresentations, could be material before appropriate controls are applied. increase.
Learn more about susceptibility at
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Answer:
Reverse annuity mortgage RAM
Explanation:
