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nalin [4]
3 years ago
10

3. How do the ultra rich use charitable giving to make sure they pay less taxes?

Business
1 answer:
aliina [53]3 years ago
3 0
Because when you donate to a charity it will not be taxed so you can put your money somewhere without it being taxed with it going somewhere good
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A manufacturer of disposable foam products entered into a written contract with a take-out restaurant to sell them 5,000 disposa
saveliy_v [14]

Answer:

Option B

Explanation:

Since the contract did not mentioned any thing about the retuning of containers that were not defective, it becomes the obligation of the buyer to pay the final delivery amount on the basis of Good-faith modification.

Hence, option B is correct

3 0
2 years ago
As the Chief Financial Officer for a metal refinery, Kaylee disagrees with using a turnkey strategy to enter into the Asian mark
denpristay [2]

Answer:

Take a minority equity interest in the operation.

Explanation:

Multiple Choice

a) Sell competitive advantage to competitors.

b) Agree to import another product from the Asian market.

c) Take a minority equity interest in the operation.

d) Withhold vital process technology from the local firm.

e) Establish a franchise operation.

A turnkey strategy is a market entry position where the project is built from the ground up and turned over to the client ready to go – turn the key and the plant is operational. This is a very good way to enter foreign markets as the client is normally a government. While when one takes a minority equity interest they do not have the votes to control the operations and finances of the the company’s business.

Kaylee, the Chief Financial Officer for a metal refinery, Kaylee reasons that the company doesn't have longterm interest in the Asian market advises to take a minority equity interest in the operation in order not to lose financially.

4 0
2 years ago
Generally, an income amount that relates to a future period and therefore can be set aside and included in income for that perio
Ket [755]
The term that is referred by the description above is RESERVES. The reserve is the amount that is being kept for future periods. This amount is separated to the current period's income, but is part of the next period if this is applicable. The answer is D.
6 0
3 years ago
Explain the difference between fixed and variable costs and give two examples of each. Can a company budget for variable costs?
galben [10]

Answer:

Fixed cost in an organization does not change and is fixed while the variable cost keep changing if the production is increased.

Explanation:

Fixed cost are said to be that cost which does not change with production level for a certain limit. Let us suppose there is no change in the rent amount if we have only factory for the production of goods.

But the variable cost are those cost which increases as production increases. More will be the variable cost when the production will be more. Also for per unit basis, the variable cost remains the same.

Fixed cost are not important in decision making if there is an excess of capacity available.

For example,

Direct labor, direct material -- variable cost

Salary of supervisor, rent of factory -- fixed cost

Even though there is not much change in the variable cost, like for suppose material price increases, a company can still make a budget that is based on the past experience and predicting the market prices. Similarly, if there is a machine that uses three units of direct material for a piece if finished product, which is not going to change in the future. Thus the company can make a budget.

5 0
3 years ago
On December 1, 2018, Shamrock Company received $9,600 from Destiny, Inc. for rent of an office owned by Shamrock Company. The pa
andrey2020 [161]

Answer:

b. credit to Rent Revenue of $3,200

Explanation:

Cash collected in advance results in the the creation of an asset and a liability. Hence a debit to cash account and a credit to deferred revenue. When the revenue is earned, it is recognized as a credit to revenue and a debit to deferred revenue with the amount earned.

Amount earned as at December 31

=  1/3 × $9,600

= $3,200

Entries required

Debit Deferred Rent revenue   $3,200

Credit Rent Revenue                 $3,200

Being entries to recognize revenue earned as at December 31

4 0
3 years ago
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