Answer:
Net income = $180,000
- salaries = ($30,000 + $35,000 + $10,000 = $75,000)
adjusted net income = $105,000
the adjusted net income must now be divided equally between the 3 partners:
- Bonnie: $35,000
- Clyde: $35,000
- daughter: $35,000
Their yearly gross income:
- Bonnie: $35,000 + $30,000 = $65,000
- Clyde: $35,000 + $35,000 = $70,000
- daughter: $35,000 + $10,000 = $45,000
total taxable income = $65,000 + $70,000 + $45,000 = $180,000
Answer:
sry I just wanted the points I'm in middle school so I don't know this stuff either but can you give free brainlyest I'm soo close to my next rank I'd really appreciate it if you would
The yearly budget law, which covers the revenue and expenditure forecasts for a particular year, is planned, approved, executed, and audited within the permanent legal framework provided by the constitution, the budget organic law, and financial rules.
<h3>
What is the Importance of a Budget in business?</h3>
It allows the business owner to focus on cash flow, cost-cutting, boosting earnings and boosting returns on investment. The cornerstone of every successful firm is budgeting. It assists with both planning and maintaining control over the company's finances.
An evaluation of a company's anticipated financial resources or the resources needed to finish a project constitutes a budget estimate. A budget estimate is a rough estimation of the amount of money that will likely be needed to finish a project or the amount of money that will be predicted to be available to a firm or organization.
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Answer:
$1.01 billion
Explanation:
The computation of the amount for advertising based on projected sales is shown below:
= Advertising expense ÷ sales × projected sales in next year
= $0.8 billion ÷ $15 billion × $19 billion
= $1.01 billion
First we find out the advertise to sales ratio after than we multiplied it with the projected sales in next year in order to find out the advertising based on projected sales
Answer:
The price of the stock is expected to be $188.16 in 1 year.
Explanation:
This can be determined as follows:
Current price of the stock = Expected next dividend / Expected return = $24.87 / 15.2% = $163.62
Expected stock price in 1 year = Current price of the stock * (100% + Expected return)^Number of year = $163.62 * (100% + 15.2%)^1 = $188.16
Therefore, the price of the stock is expected to be $188.16 in 1 year.
