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3 years ago

What is 1 question to ask a janitor? (This not for an interview)

1 answer:

5 0

Maybe what qualifications are required? Is there benefits that come along with the job? What made you want to be a janitor for this facility?

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Tomas owns a sole proprietorship, and Lucy is the sole shareholder of a C corporation. In the current year, both businesses make

MA_775_DIABLO [31]

Answer:

True

Explanation:

While a sole proprietor is expected to report his business income or loss on his personal tax form as the business is not considered for separate tax , a c corporation shareholders are taxed based on the dividends received from the business profit and the entire profit taxed for the corporation tax.

As no profit was distributed to the owners , there was no personal tax basis for Lucy but only the corporation tax that will be charged on the business net profit.This could have been a tax avoidance method adopted by Lucy to reduce his tax liabilities as a sole share holder.

7 0

3 years ago

Assume the Residential Division of KappyKappy Faucets had the following results last year:

Alex_Xolod [135]

Answer:

12%

Explanation:

Calculation for the division's return on investment

Using this formula

Return On Investment = Operating income /Average total assets

Let plug in the formula

Return on investment= $636,000/$5,300,000

Return on investment= 0.12*100

Return on investment=12%

Therefore the division's return on investment will be $12%

6 0

3 years ago

Company sell goods to customer who will pay full amount in 30 days; how to record the sale

sp2606 [1]

Answer:

<h2>How to record a credit sale:</h2>

The General Journal or Sales Journal (a subsidiary journal) if the volume of credit sales is on the high side can be used.

i) Using the General Journal:

Date Description Debit Credit

xxx Accounts Receivable (Marjorie Customer) $$$

Sales Revenue $$$

To record the sale of goods on credit, terms n/30.

ii) Alternatively, the Sales Journal is used:

Date Description Amount

xxx Marjorie Customer $$$

other customers $$$

Total (Accounts Receivable) $$$

Explanation:

The General Journal is an all-purpose journal, which can be used to initiate the recording of business transactions. It shows the accounts to be debited and the ones to be credited in the General Ledger.

The use of a subsidiary journal, e.g. a Sales Journal, helps to summarize the particular type of transaction for a period before the total is posted to the control account in the general ledger and the individual customer accounts in the Subsidiary Ledger.

6 0

3 years ago

Which of the following statements about electronic résumés is false? a. directions for submitting electronic résumés should be f

Jet001 [13]

An electronic resume is one that is sent to a potential employer via email. An electronic résumé is used to apply for employment online.

<h3>What makes an effective electronic resume?</h3>

On an electronic resume might be provided in a distinct keyword section or integrated into the text. All text should be positioned to the left and in a plain typeface. Underlining, bolding, italics, and bullets should be avoided since they can cause problems with older OCR software.

Thus, Option D would be the false statement about electronic resumes.

For more information about Electronic resume refer to the link:

brainly.com/question/1297851

7 0

2 years ago

Tanner-UNF Corporation acquired as a long-term investment $240 million of 6% bonds, dated July 1, on July 1, 2021. Company manag

denpristay [2]

Answer:

Cash 7,200,000

Discount on Investment 800,000

Interest revenue 8,000,000

investment of bonds 240,000,000

discount on bonds (32,200,000)

The bonds will be reported for a net total of 200,800,000

Explanation:

The company, as it has the intent and ability to hold the bonds until maturity will not recognize gain or losses during the period.

It will just amortize the premiium or discount in the bonds

Value 240,000,000

Purchase at<u> (200,000,000) </u>

Discount of 40,000,000

December 31th entry:

240,000,000 x 6%/2 = 7,200,000

Market rate:

200,000,000 x 8%/2 = 8,000,000

amortization of 800,000

5 0

3 years ago