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2 years ago

What is enterprise in your own words

Business

1 answer:

dusya [7]2 years ago

4 0

Answer:

It is something that requires a lot of work

Explanation:

It i sthis answer because it need a lot of people to do it because it is a lot work because it is a big projector / problem

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Ramon incurred $83,100 of interest expense related to his investments this year. His investment income included $34,500 of inter

cestrela7 [59]

Answer:

$72,000

Explanation:

To calculate investment interest expense dedcution, we need to know the total investment income & total investment interest expenses

Then there're 2 scenarios as followings:

If the investment interest expenses are less than the net investment income, the entire investment interest expense is deductible.
If the investment interest expenses are more than the net investment income, we can deduct the expenses up to the net investment income amount. The rest of the expenses are carried forward to next year.

In this example, Ramon's investment income is $72,000 ($34,500 of interest and a $37,500 net capital gain on the sale of securities); is lower than his interest expenses of $83,100.

So Ramon is entiled to deduct $72,000 all the entire investment interest expense in current year

7 0

3 years ago

Forensic Scientists are part of the career pathway known as

AfilCa [17]

The correct answer is known as "The Law Enforcement Services".

Law Enforcement Services is the system of the society wherein its members act in a organized and well-trained manners, wherein they enforce the law by investigating, stopping and changing or may also lead to punishing the individuals who violates or break the rules and norms laid out by the government for the betterment of the society.

5 0

3 years ago

Read 2 more answers

The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ende

Paladinen [302]

Answer:

Results are below.

Explanation:

First, we need to calculate the cost of goods sold:

COGS= beginning finished inventory + cost of goods purchased - ending finished inventory

COGS= 30,000 + 100,000 - 40,000

COGS= 90,000

Now, the number of skis sold:

Units sold= 150,000/750= 200 units

Traditional income statement:

Sales= 150,000

COGS= (90,000)

Gross profit= 60,000

Total selling expense= (50*200 + 20,000)= (30,000)

Total administrative expense= (10*200 + 20,000)= (22,000)

Net operating income= 8,000

Contribution format income statement:

Sales= 150,000

Total variable cost= (90,000 + 50*200 + 10*200)= (102,000)

Contribution margin= 48,000

Total fixed selling expense= (20,000)

Total fixed administrative expense= (20,000)

Net operating income= 8,000

4 0

3 years ago

Dynamo Corporation manufactures toasters. Each toaster comes with a 5-year assurance-type warranty. The toasters sell for $60 ea

nordsb [41]

Answer:

Journal entry to record sale of toasters and warranty

Dr Cash 36,000

Cr Sales revenue 36,000

Dr Warranty expense 2,400

Cr Warranty liability 2,400

Adjusting entry for actual warranty expense

Dr Warranty liability 500

Cr Cash 500

Since the warranty covers a 5 year period, the remaining warranty expense cannot be recognized as warranty revenue yet. Only after the warranty period is over, will any money left over will be recognized as revenue.

7 0

3 years ago

Whats better, be an hour early to work, or 15 minutes late?

statuscvo [17]

An hour early to work. if you are 15 minutes late your fired. i go by if you early your on time. if your on time your late. if you late your fired.

3 0

2 years ago