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3 years ago

Which statement describes an advantage of buying a home?

2 answers:

5 0

A. purchasing a home does build equity

- homes usually don’t depreciate over time.
- when buying a home you don’t have a landlord.
- property taxes may go up, but that’s not an advantage.

Vedmedyk [2.9K]3 years ago

4 0

your taxes increase

Explanation:

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Many hydrothermal mineral deposits of copper, gold, silver, and other metals have been found in the countries bordering the paci

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3 years ago

Exercise 4-11 Computing net sales for multiple-step income statement LO P4 A company reports the following sales-related informa

dezoksy [38]

Answer:

Net sales revenue= 220,100

Explanation:

Giving the following information:

Sales, gross $ 245,000

Sales returns and allowances $ 20,000

Sales discounts 4,900

Sales salaries expense 10,900

<u>Sales salaries expense is not a part of the net sales in a multiple-step income statement. The net sales are as follow:</u>

Sales= 245,000

Sales returns and allowances= (20,000)

Sales discounts= (4,900)

Net sales revenue= 220,100

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3 years ago

If the government wants to minimize the deadweight loss of taxation, which of the following items are good candidates for an exc

lesantik [10]

Answer:

A. emergency plumber services and C.insulin.

Explanation:

From the list provided the best candidates for this would be emergency plumber services and insulin. That is because these are items or services that have a high supply but low demand due to the population of customers being a minority. This, therefore, causes market inefficiency which leads to deadweight loss. Other items like Coca-Cola and food mostly stay in equilibrium because products are made depending on the current demand and the customer population is the vast majority.

6 0

2 years ago

Planned sales for June this year are $120,000. Last year, the actual sales for June were $110,000. Determine the planned percent

Leni [432]

Given that the planned sales for June this year are $120,000 and that last year's actual sales for the month of June were $110,000, there is a 9.09% increase in sales for the month.

The actual increase in sales is $10,000 ($120,000 - $110,000) or ($110,000 x 1.0909 - $110,000)

Data and Calculations:

Planned sales for June, this year = $120,000

Actual sales for June,last year = $110,000

Planned percent increase in sales for June = 9.09% ($10,000/$110,000 x 100)

Thus, the planned percentage increase in sales for the month is 9.09%.

Learn more: brainly.com/question/17194869

6 0

3 years ago

How do you compute net income for a merchandiser. Multiple choice question. Revenues - expenses. Net sales - cost of goods sold.

tester [92]

Answer:

Net income for a merchandiser is computed as:

Net sales - cost of goods sold - other expenses.

Explanation:

Net sales are the sales revenue after deducting sales discounts and allowances. The cost of goods sold represent the beginning inventory of merchandise and current period's purchases less the ending inventory. The difference between the net sales and the cost of goods sold is called the gross profit. From this, other expenses incurred in running the business and generating sales are deducted, including income taxes to arrive at the net income.

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3 years ago