<em>In a firm's income statement, interest payments on debt are deducted </em><em>before </em><em>corporate taxes are calculated, which</em><em> reduces</em><em> the firm's tax liability.</em>
<h3>Income statement: What is it?</h3>
An overview of the company's operations for a specific time period is provided in the income statement. The revenue (gross and net sales), cost of products sold, operational expenditures (selling and general and administrative expenses), taxes, and net profit or loss are the statement's primary components.
<h3>What is displayed on a firm's income statement?</h3>
The statement logically and coherently presents the company's revenue, costs, gross profit, selling and administrative expenses, other expenses and income, taxes paid, and net profit.
learn more about firm's income statement here <u>brainly.com/question/14733237</u>
<u>#SPJ4</u>
Answer:
Facts of the case:
A client of a staffing company has hired the employees to conduct its business activities. The workers are hired, paid and offered with other benefits by the firm. The firm also supervises the employees and provides necessary inputs to accomplish the job. The client has right to direct the staffing firm workers to perform the task according to their needs. However this right is not frequently exercised by the client.
An employer has an accessibility to hire or procure the human asset in direct or indirect manner in the present case, it the indirect hiring of the employee through staffing firm.
When an employee work for a staffing company, he or she gets paid and provided with a right to complain about the client regarding its manner of possessing clients, unethical contractual salaries etc.
In the present scenario, it not clear whether the employee is hired on contractual basis. If the employees are hired for contractual basis, the staffing firm would be the employer of the workers in the case of terminating them. If the employees were hired for permanent position, then the employees were terminated by the client itself as the client would be the employer of workers.
Answer:
Grab some peanut butter ;)
Explanation:
And your favorite pet;)
Answer:
It provides definite objective for evaluating performance
Explanation:
Budgeting: It can be defined as the process of deciding an efficient way of spending money.
A budget is a financial plan which shows the estimation of income and expenditure over a specified future period of time. A budget can be made by an individual, business organzations or government of a country.
A budget can either be surplus or deficit.
1. A surplus budget is a budget in which the estimate of income is more than expenditure.
2. A deficit budget is a budget in which the estimate of expenditure is more than income.
Benefits of budgeting includes;
1. It provides definite objectives for evaluating performance.
2. It requires all levels of management to plan ahead on a recurring basis.
3. It facilitates the coordination of activities.
Answer:
Materials 187,230
Conversion 182,200
Explanation:
FIFO method, from the started units we will add the reamining work onthe beginning WIP invnetory and subtract the undone part of the ending WIP inventory
Materials
Started units 176,000
October 1st 27,000 x (1 - 57%) = 11,610
October 31th 20,000 x (1-81%) = (380)
Equivalent Units 187,230
Conversion
Started units 176,000
October 1st 27,000 x (1 - 33%) = 18,000
October 31th 20,000 x (1-41%) = (11,800)
Equivalent Units 182,200
