Name and explain money notes

The following information was taken from the records of Marigold Inc. for the year 2020: Income tax applicable to income from co

ivolga24 [154]

Answer:

Net income is $312,610.

Explanation:

This can then be prepared as follows:

Marigold Inc.

Single-Step Income Statement

For the Year 2020

Particulars $ $

Revenue

Sales Revenue 1,634,000

Rent revenue 34,400

Gain on sale Of equipment 81,700

Total revenue 1,750,100

Expenses

Cost of goods sold (731,000)

Selling expenses (258,000)

Administrative expenses (206,400)

Loss on write-down of inventory (51,600)

Total expenses  (1,247,000) 

Operating income before tax 503,100

Tax on income from continuing

operations (160,820)

Income from operation after tax 342,280

Other income (loss ) (net of tax)

Unrealized holding gain on

available-for-sale securities (net of tax) 12,900

Income from continuing operations

after tax 355,180

Discontinued operations

Loss on discontinued operations

before tax (64,500)

Tax on loss on discontinued operations 21,930

Loss on discontinued operations after tax (42,570)

Net income  312,610 

Earning per share

(Net income / Number of Shares outstanding) 3.13

5 0

2 years ago

What are the concerns in cash management, and how does cash management iss help financial managers?

PtichkaEL [24]

The cash management can help financial managers in the collecting and managing cash flows from the activities of the firm.

<h3>How can cash management can help financial managers ?</h3>

Cash management, which is a treasury management, can be of help to the financial managers by helping them to be able to manage cash flows from the operating activities of the firm.

This could range from the investing, and financing activities of the firm and it help in achieving the financial goal of of the organization.

Learn more about cash management at:brainly.com/question/735261

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4 0

1 year ago

This firm is a natural monopoly. True False If the firm produces 68 units and charges $28 per unit, it will in the long run. Whi

Maurinko [17]

Answer:

True. This is because the curve of ATC shifted downward to show an increase in output. As the ATC curve moves downward, the quantity of goods increase while the price decreases. The quantity of goods produced is equivalent to 68 units which is consistent with the regulation of price. Price regulation is used to manage the effects of monopoly on the market system.

Explanation:

True. This is because the curve of ATC shifted downward to show an increase in output. As the ATC curve moves downward, the quantity of goods increase while the price decreases. The quantity of goods produced is equivalent to 68 units which is consistent with the regulation of price. Price regulation is used to manage the effects of monopoly on the market system.

3 0

2 years ago

"Phillips and Sanchez is a retailer that operates a national chain of home furnishings stores. It has designed a website and a s

Annette [7]

Answer:

Omnichannel strategy

Explanation:

Omnichannel strategy -

It is the strategy adapted by an organisation in order to enhance the experience of the user .

It is a cross - channel content strategy .

The resources of these , Omnichannel strategy , are are orchestrated and designed to cooperate .

This approach or strategy is used in many industries , like ,telecommunications , retail , government , healthcare and financial services .

Hence , the example given in the question , is of a Omnichannel strategy .

7 0

2 years ago

At the beginning of the conversation, norio wants to discuss sushi with michael, but michael is more interested in getting the c

d1i1m1o1n [39]

Based on global management, it seems Michael was not cognizant of Norio coming from a high-context culture.

<h3>What is global management?</h3>

Global management can be defined as an international business practice in which a business organization (company) utilizes its employees (management team) and resources to carry out its business on an international level.

<h3>What is a high-context culture?</h3>

A high-context culture can be defined as a type of cultural communication in which the people focuses on underlying context and situational cues, meaning, nonverbal cues, and tone of a message, rather than just the words themselves when communicating with others.

In this context, we can reasonably infer and logically deduce that it seems Michael was not cognizant of Norio coming from a high-context culture because he is exhibiting low-context culture characteristics, by being more interested in signing a contract.

Read more on high-context culture here: brainly.com/question/17438233

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Complete Question:

At the beginning of the conversation, Norio wanted to discuss sushi with Michael, but Michael is more interested in getting the contract signed. Based on what you've learned about global management, it seems Michael was not cognizant of Norio coming from a ______.

3 0

1 year ago

Name and explain money notes​

Name and explain money notes