Answer:
a. $33,000.
b. $36,000.
Explanation:
Net income is calculated as sales minus cost of goods sold, selling, general and administrative expenses, operating expenses, depreciation, interest, taxes, and other expenses. It is also called net earnings.
Now, Cash accounting recognizes revenue and expenses only when money changes hands, but accrual accounting recognizes revenue when it's earned, and expenses when they're billed (but not paid).
a. 2014 Cash-basis net income:
Primo Industries collected $105,000 from customers in 2019
Primo Industries also paid $72,000 for expenses in 2019
=105,000-72,000
=$33,000
b. 2014 accrual-basis net income.
=(105,000-25000+40000)-(72000-30000+42000)
=120000-84000
=$36,000
Answer:
Strengths, Weaknesses, Opportunities, and Threats analysis
Explanation:
Answer:
SARS
Explanation:
it's because they ensure optimal compliance with tax and custom
Answer:
Customer call centers
Explanation:
Businesses can take several measures to respond voluntarily to consumer demands.
The customer call center is one of the examples of such a measure.
It is a kind of service center that can handle a large amount of customer telephone requests and problems regarding the organization and its products.
It is a direct one-on-one interaction between consumer and customer care.
A Limited Liability Company (LLC) is a type of business organization that is very similar to a partnership, but is usually formed for one particular event or purpose, instead of an ongoing concern.
An LLC is a business entity with all the protection of a corporation plus the ability to pass through any business profits and losses to your personal income tax return. An LLC is a hybrid type of business structure where the owners of the LLC are called “members,” and all enjoy the advantages that an LLC has to offer.
A Limited liability company (LLC) is a business structure that offers limited liability protection and pass-through taxation. As with corporations, the LLC legally exists as a separate entity from its owners. Therefore, owners cannot typically be held personally responsible for the business debts and liabilities.
To learn more about LLC,
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