B. Efficiency ratios are used to assess how effectively a business uses its resources to produce sales and profits.
Efficiency ratios are used to gauge how effectively a business uses its resources to produce sales and profits. They include measures that gauge how effectively a business uses its assets to produce sales, such as the asset turnover ratio, inventory turnover ratio, and accounts receivable turnover ratio. Since it gauges the profitability of a company's equity investment rather than how effectively it uses its assets, return on equity is not regarded as an efficiency ratio. A measure of a company's capacity to satisfy short-term obligations with its most liquid assets, the quick ratio is a liquidity ratio.
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Which of the following is a primary user of accounting information with a directfinancial interest in the business?a. Taxing authorityb. Creditorc. Regulatory agencyd. Labor union
B) The creditor, who has a direct financial interest in the company, is the main user of accounting data.
A person or entity that gives credit to a business is known as a creditor. These organisations have a direct financial stake in the business since they anticipate receiving interest-bearing payments over time. Accounting data is used by creditors to evaluate a company's financial standing and creditworthiness, set the terms of a loan or credit arrangement, and keep track of the company's financial performance to ensure prompt repayment. In conclusion, creditors are a significant shareholder in a company's financial health and need precise and trustworthy accounting data to make wise decisions about lending or extending credit.
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one way to illustrate is to say that ned can speak at a rate of around 120 to 160 words per minute, but he can listen to more than 800 words per minute.
As one way to illustrate the speaking-listening differential is to say that ned can speak at a rate of around 120 to 160 words per minute, but he can listen to more than 800 words per minute.
What is illustrated?The word illustrated is defined as throwing light on some things, As we see in magazines, newspapers, and posters. There are some images is there In it which help the viewer to understand the purpose of the image.
The speaking-listening differential is been defined as there is some active listening are there which makes the better speakers. As there are many customers who can listen to the words at a rate five times faster.
Therefore, As a result, By having the speaking-listening differential, one can speak at a rate of around 120 to 160 words per minute.
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the most recent settlement bond futures price is 103.5. which of the following four bonds is cheapest to deliver?
To determine which of the four bonds is the cheapest to deliver, we need to compare the futures price to the invoice price for each bond. The cheapest bond to deliver is the one with the highest invoice price relative to the futures price.
Unfortunately, the question doesn't provide information about the specific bonds in question, so I cannot determine the cheapest bond to deliver. If you can provide more information, such as the specific bonds and their invoice prices, I would be happy to help you determine the answer.
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jason's burgers, a famous diner, recently started taking orders online to reduce the customer wait time. this arrangement was perfect for busy office workers who frequented the place, and the sales went up considerably. jason's burgers attempted to _____. group of answer choices
A. establish alliances B. reduce costs C. raise barriers to market entry D. create a new product lock in customers
Jason's burgers attempted to create a new product to lock in customers. option (D) is correct.
Jason's Burgers comes up with a methodology for a particular client (occupied office laborers) to continue to purchase in this café and not change to another. By formulating a methodology that further develops the brand insight and motivating forces more gets, you "raise hindrances" and "lock in" clients to continue to purchase in this coffee shop.
Different choices are not right since they go into no new market, they lessen time but not costs, they don't make another item because the items are as yet unchanged and they don't lay out collisions because the orders online are taken by the burger joint itself.
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fill in the blank. suppose the terrific taffy company ran a very successful advertising campaign. economic analysis would suggest that the campaign would cause the equilibrium price to__and the equilibrium quantity to__.
the correct answer to the question above is rise and rise.
If a company ran a very successful advertising campaign it would make the price rise and quantity rise. Because the advertising campaign is successful, it would make people want to buy the products or use the services so which would make the equilibrium price increase and the equilibrium quantity increase too. Advertising make people aware of the brand or products and if it was success it will lead them to buy or use the company products or services.Learn more about advertising impact at: https://brainly.com/question/14100421
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Which of the following statements is correct concerning both an engagement to compile and an engagement to review a nonissuer's financial statements?
A.The accountant expresses no assurance on the financial statements. B.The accountant should obtain a written management representation letter.
C.The accountant need not obtain an understanding of internal control.
D.The accountant must be independent in fact and appearance.
When both an engagements to assemble and an engagement to examine a nonissuer's financial statements, the correct option is a) The accounting expresses no assurance here on financial statements.
What exactly does a CPA do?An accountant is a specialist who manages bookkeeping and organizes the financial records you use to run your company, including balance sheets, profits and loss statements, and more. They clarify all the financial jargon associated with running a business, audit your books, create reports voor tax purposes, and more.
What four sorts of accountants are there?These four fields of accounting include corporate, social, governmental, and forensic accounting. For most accounting careers, the undergraduate degree is necessary, though prior master's work—particularly in the accounting field—is preferred.
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For each of the following accounts indicate the effects of a debit and a credit on the account and the normal balance of the account
The following accounts indicate the effects of a debit and a credit on the account and the normal balance of the account.
What are accounts?Accounting is not pure mathematics. Simple multiplication, division, and addition are involved. There might be a little elementary algebra, but that's it. You are not required to comprehend calculus.
1. accounts payable - Debit effect: Decrease
Credit effect: Increase
Normal Balance: Credit
2. advertising expense - Debit effect: increase
Credit effect: decrease
Normal Balance: debit
3. service revenue - Debit effect: decrease
Credit effect: increase
Normal Balance: credit
Therefore, As a result, The normal bank account is referred as the following charts.
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consider the market for video streaming services, tv screens, and movie tickets. for each pair, identify whether they are complements or substitutes: pairs of goods and services complements substitutes video streaming services and tv screens video streaming services and movie tickets tv screens and movie tickets suppose a technological advance reduces the cost of manufacturing tv screens. show the effect of this change on the market for tv screens. demand supply price of tv screens quantity of tv screens demand supply next, show the effect the previous change in the market for tv screens has on the market for video streaming services. demand supply price of video streaming services quantity of video streaming services demand supply finally, show the effect the previous change in the market for tv screens has on the market for movie tickets. demand supply price of movie tickets quantity of movie tickets demand supply continue without saving
Note that:
Video streaming services and tv screens - complementsVideo streaming services and movie tickets - substitutesTv screens and movie tickets - substitutesWhat is the rationale for the above response?When the cost of manufacturing TV screens decreases, the supply of TV screens increases. This results in a rightward shift of the supply curve. As a result, the equilibrium price of TV screens decreases, and the equilibrium quantity of TV screens increases.
The decrease in the price of TV screens leads to an increase in the demand for TV screens. This, in turn, leads to an increase in the demand for complementary goods, such as video streaming services. As a result, the demand for video streaming services increases, leading to a rightward shift of the demand curve. The equilibrium price of video streaming services increases, and the equilibrium quantity of video streaming services increases as well.
The decrease in the price of TV screens also leads to an increase in the demand for substitutes, such as movie tickets. As a result, the demand for movie tickets decreases, leading to a leftward shift of the demand curve. The equilibrium price of movie tickets decreases, and the equilibrium quantity of movie tickets decreases as well.
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An oligopolist faces a kinked demand curve that is steeper at lower prices than at higher prices. Which of the following is most likely?
A) The firm competes with others in the Cournot fasion
B) Other firms will match price increases but not price decreases
C) Other firms match price reductions but do not match price increases
D) The firm competes with others in the Bertrand Fashion
An oligopoly is a market structure in which a market or industry is dominated by a small number of large sellers or producers.
What is the meaning of Oligopoly?When a few big companies control the majority or all of sales in an industry, oligopoly results. There are many industries that exhibit oligopoly, such as the auto sector, cable television, as well as commercial aviation.
A market structure known as an oligopoly occurs when a few large sellers or manufacturers control a sizable portion of a market or an entire sector. Oligopolies frequently arise from the goal to maximise profits, which can result in corporate collaboration.
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On January 1, 2020, Indigo Company has the following defined benefit pension plan balances. Projected benefit obligation Fair value of plan assets $4,508,000 4,250,000 The interest (settlement) rate applicable to the plan is 10%. On January 1, 2021, the company amends its pension agreement so that prior service costs of $493,000 are created. Other data related to the pension plan are as follows. 2020 2021 Service cost $148,000 $179,000 Prior service cost amortization 0 89,000 Contributions (funding) to the plan 239,000 291,000 Benefits paid 198,000 281,000 Actual return on plan assets 255,000 259,000 Expected rate of return on assets 6% 8% For 2021, prepare the journal entry to record pension-related amounts. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Towth and Media
Based on the given information, the journal entry to record the pension-related amounts for 2021 is:
Service cost $179,000
Interest cost ($4,508,000 × 10%) 450,800
Expected return on plan assets
($4,250,000 × 8%) (340,000)
Amortization of prior service cost 89,000
Contributions (funding) to the plan 291,000
Benefits paid (281,000)
Actual return on plan assets 259,000
___
Net pension cost $447,800
Pension asset/Liability 447,800
____
The debit for Service cost, Interest cost, Amortization of prior service cost, Contributions (funding) to the plan, and Actual return on plan assets are recorded as pension expense, while the credit for Expected return on plan assets and Benefits paid are recorded as an offset to pension expense. The resulting net pension cost of $447,800 is recorded as a debit to Pension asset/Liabilityin journal entry
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In a safety stock problem where both demand and lead time are variable, demand averages 150 units per day with a daily standard deviation of 16, and lead time averages 5 days with a standard deviation of 1 day. The standard deviation of demand during lead time is approximately
The standard deviation of demand during lead time is approximately 154 units.
What is The standard deviation?A collection of values' differences or distributions is measured by the standard deviation. The dataset's optimum amount of unpredictability is represented by the standard deviation.
To calculate the standard deviation of demand
[tex]\sigmadLT = \sqrt{}[( Average Lead Time) * (\sigmad)2 ] + [(Average daily demand)2 * (\sigmaLT)2 ][/tex]
[tex]\sigmad = standard deviation of demand per day\\\sigmaLT = standard deviation of lead time in days[/tex]
[tex]Putting all these values in the formula, we get\sigmadLT = \sqrt{}[( Average Lead Time) * (\sigmad)2 ] + [(Average daily demand)2 * (\sigmaLT)2 ]= \sqrt{}[( 5) * (16)2 ] + [(150)2 * (1)2 ]= \sqrt{}[5 * 256 ] + [(22500 * 1 ]= \sqrt{}[1280 ] + [22500 ]= \sqrt{}23780= 154.21[/tex]
Therefore, The standard deviation of demand during lead time is approximately 154 Units.
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Identify the type of activity by choosing the best answer for each question Select each item listed below as being an identifying, recording, or a communicating activity. Items Preparing and entering a list of checks issued. Using a cash register to enter sales. Entering a list of the sales invoices, including the prices and quantities, for the company's recordkeeper. Interpreting information from financial reports, Preparing financial statements for creditors.
The answer is-a. Preparing and entering a list of checks issued is recording. b. Using a cash register to enter sales is recording. c. Entering a list of the sales invoices, including the prices and quantities, for the company's recordkeeper is identifying. d. Preparing financial statements for creditors is communicating.
In plain English, what is communication?Talking, writing, listening, and reading are all forms of communication. Sharing information is also a type of communication. Good communicators pay close attention, are clear in their speech or writing, and respect the views of others.
What does communication serve as a means of?Informing, expressing feelings, imagining, influencing, and conforming to societal standards are the five main goals of communication. There is a communication method that serves each of these goals.
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quantitative problem: you are given the following probability distribution for chc enterprises: state of economy probability rate of return strong 0.20 21 % normal 0.50 9 % weak 0.30 -6 % what is the stock's expected return? do not round intermediate calculations. round your answer to two decimal places. %
a) What is the stock's expected return? (Round your answer to 2 decimal places. Do not round intermediate calculations.)
b) What is the stock's standard deviation? (Round your answer to two decimal places. Do not round intermediate calculations.)
c) What is the stock's coefficient of variation? (Round your answer to two decimal places. Do not round intermediate calculations.)
The stock's expected return is 4.5%, the stock's standard deviation is 20.01% and the stock's coefficient of variation is 4.45.
a) To calculate the stock's expected return, we need to multiply each rate of return by its corresponding probability and then sum up the results. Therefore, the expected return can be calculated as: (0.20 x 21%) + (0.50 x 9%) + (0.30 x -6%) = 4.5%. Therefore, the stock's expected return is 4.5%.
b) To calculate the stock's standard deviation, we need to first calculate the variance. To do this, we need to calculate the deviation of each rate of return from the expected return, square each deviation, multiply it by its corresponding probability and then sum up the results.
Therefore, the variance can be calculated as: [(21% - 4.5%)^2 x 0.20] + [(9% - 4.5%)^2 x 0.50] + [(-6% - 4.5%)^2 x 0.30] = 0.04005. Therefore, the stock's standard deviation can be calculated as the square root of the variance, which is 20.01%.
c) The coefficient of variation is a measure of risk per unit of return and is calculated as the ratio of the stock's standard deviation to its expected return. Therefore, the coefficient of variation can be calculated as: 20.01% / 4.5% = 4.45. Therefore, the stock's coefficient of variation is 4.45.
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which of the following affect the effective corporate tax rate? multiple choice method of determining taxable income local corporate tax rate all of the above tax-based incentives
All of the above can affect the effective corporate tax rate.
The effective corporate tax rate is affected by all of the following: the method of determining taxable income, the local corporate tax rate, and tax-based incentives. The method of determining taxable income determines the amount of income that is subject to taxation, and different methods may result in different taxable income amounts, thus affecting the effective tax rate. The local corporate tax rate directly affects the amount of taxes owed, and a higher tax rate results in a higher effective tax rate. Tax-based incentives, such as tax credits or deductions, may lower the amount of taxes owed and thus lower the effective tax rate. All of these factors should be taken into consideration when calculating a company's effective corporate tax rate.
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For each of the following, compute the future value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Years Interest Rate Future Value$2,600 7 17 ____9,553 20 9 ____100,305 14 10 ____ 238,382 30 4 ____
The future value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) is $9082.69, $16939.71, $502561.90, and $251664.60.
PV is the present value
t is the number of the compounding period
i is the interest rate for that period
a.)FV=2450(1.14)^10=$9082.69
b.)FV=9152(1.08)^8=$16939.71
c.)FV=80355(1.13)^15=$502561.90
d.)FV=187796(1.05)^6=$251664.60
Gift cost (PV) is the present-day fee of a destiny amount of money or circulation of coins flows given a precise charge of return. destiny coins flows are discounted at the discount fee, and the higher the cut price charge, the lower the present fee of the destiny coins flows. A greenback today is worth more than a dollar the following day due to the fact the dollar may be invested and earn a day's worth of hobby, making the full gather to a cost greater than a greenback by using the next day.
In economics and finance, gift fee (PV), also referred to as gift discounted cost, is the cost of an expected income circulate decided as of the date of valuation. the existing cost is normally less than the future price because money has interest-incomes capability, a feature called the time cost of money, except at some stage in times of 0- or poor hobby rates, whilst the present fee can be the same or more than the future value. The initial quantity of borrowed budget (the prevailing price) is less than the full sum of money paid to the lender.
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Complete Question:
For each of the following, compute the future value (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)):
Present Value Years Interest Rate Future Value
$2,450 10 14% $
9,152 8 8
80,355 15 13
187,796 6 5
What is Benefits of Using Custom rigid box for Your Business?
The benefits of using custom rigid box for your business custom rigid boxes provide improved protection for retail goods, provide extra room for printed branding and design elements and are strong.
What is branding?
To make a product or company more recognizable, branding entails associating it with a specific name, symbol, or characteristics and concepts.
Branding lends individuality to your company. Customers also stick with a company if they identify with its personality. Your brand may be respectable, opulent, impassioned, tasty, enjoyable, inventive, considerate, competent, or secure.
Your target market and the positioning you want for your company in the industry will determine everything. Differentiating one company from another through a name, emblem design, narrative, messaging, and other means is called branding.
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The Sleep Company makes pillows, sheets, and mattress toppers. The company imports cotton from Egypt because of the fine quality of Egyptian cotton. In Egypt, it is a common practice to do business by giving gifts to the Egyptian agents who broker the transactions. Gift giving is part of business etiquette throughout the Middle East. The Sleep Company could not give gifts to the agents because of _____, which prohibits bribery of foreign officials to obtain business. a. The Consumer Product Safety Act of 1972 b. The Foreign Corrupt Practices Act of 1977 c. The Homeland Security Act of 2002 d. The Restoring American Financial Stability Act of 2010
The Sleep Company could not give gifts to the agents because of The Foreign Corrupt Practices Act of 1977, which prohibits bribery of foreign officials to obtain business.
What is The Foreign Corrupt Practices Act of 1977?The Foreign Corrupt Practices Act of 1977 is a federal law of the United States that prohibits American citizens and entities from bribing foreign government officials to advance their business interests.
It is a federal law that prohibits US citizens and permanent residents, as well as public and private US corporations, as well as certain non-US individuals and entities, from bribing foreign government officials in order to gain a competitive advantage.
Therefore, option B is correct.
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Whether you want to obtain a credit card, invest in a home, apply for a car loan, or open a bank account, you should shop around before making your choice. A. True B. False
You should shop around before deciding whether to get a credit card, make an investment in real estate, apply for a car loan, or create a bank account. This statement is True.
Your life can be made easier by getting a credit card, making a house investment, applying for a car loan, or opening a bank account, but the cost can often be depressing. The cost might also influence your decision, but you can shop around to find a better deal for the item you want thanks to the variety of places you can buy things, such as online or at consignment shops.
Think about the characteristics that are important to you, then shop around to find the greatest product for the money. Yes, there is a tonne of information accessible to guide you in making the best decision possible.
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During London Fashion Week, Burberry used _______ to tell the tale of two models planning to break into its flagship store on Regent Street in London.
During London Fashion Week, Burberry used storytelling to tell the tale of two models planning to break into its flagship store on Regent Street in London
What is storytelling?During London Fashion Week, Burberry used Augmented Reality (AR) to tell the tale of two models planning to break into its flagship store on Regent Street in London. Burberry created an AR experience that allowed users to view the models as life-sized digital characters on their smartphones, walking through the streets of London and breaking into the store.
The AR experience was designed to promote Burberry's new collection and engage consumers in an innovative and interactive way. By using AR, Burberry was able to create a unique and memorable experience for consumers that integrated technology and fashion in a new and exciting way.
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Jordon James started JJJ Consulting on January 1. The following are the account balances at the end of the first month of business, before adjusting entries were recorded :Accounts Payable $300Accounts Receivable $750Cash $6,300Consulting Revenue $4,925Equipment $7,000Jordon James, Capital $15,000Jordon James, Drawing $1,375Prepaid Rent $4,000Supplies $800Adjustment data:Supplies on hand at the end of the month: $200Unbilled consulting revenue: $700Rent expense for the month: $1,000Depreciation on equipment: $90(a) Prepare the required adjusting entries, adding accounts as needed. (Refer to the Chart of Accounts for exact wording of account titles.)(b) Prepare an adjusted trial balance for JJJ Consulting as of January 31.
(a) The entries are as follow : Supplies Expense: $600
Supplies: $600
Accounts Receivable: $700
Unearned Consulting Revenue: $700
Rent Expense: $1,000
Prepaid Rent: $1,000
Depreciation Expense - Equipment: $90
Accumulated Depreciation - Equipment: $90
(b) Adjusted trial balance for JJJ Consulting as of January 31:
Account Debit Credit
Cash $6,300
Accounts Receivable $750
Supplies $200
Prepaid Rent $3,000
Equipment $7,000
Accumulated Depreciation $90
Accounts Payable $300
Unearned Consulting Rev. $700
Jordan James, Capital $15,000
Jordan James, Drawing $1,375
Consulting Revenue $4,925
Supplies Expense $600
Rent Expense $1,000
Depreciation Expense $90
Total $34,315 $6,015
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the price at which willing buyers and sellers would trade is called blank ____value. multiple choice question. a. carrying b. accounting c. market d. book
The correct answer is (c) market value, which is the cost at which a good can be bought or sold and is established by the exchanges between buyers and sellers.
Fair value and book value: what are they?The carrying value, also known as book value, is an asset value derived from the balance sheet of a corporation. It is calculated by deducting the asset's cost from its depreciation over time. Typically, the market decides what an asset is worth at fair value.
Comparing fair value with market value?The most common method for determining an asset's true worth is fair value, which takes into account things like its growth potential and replacement costs. Market value is the real value that is noticed when an asset or liability is traded.
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what measures are likely to be put in place temporarily to protect occupants during construction?
A debris container fire might spread up the chute and into the building measures are likely to be put in place temporarily to protect occupants during construction.
What are the construction's temporary facilities?Temporary buildings and all controls required for the project, such as utilities, telephone, sanitary facilities, field offices, storage sheds, and buildings, as well as safety standards, first aid supplies, fire protection, security precautions, property protection, access roads, parking, and environmental controls.
Repurposed shipping containers are used for temporary site housing. Additionally, you may use and reuse these units—as well as your temporary restrooms—for years. Simply relocate them to the new location.
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vertical integration is a good strategic option for a manufacturing company when its facilities are obsolete it needs one input material in large volumes it uses distributed processing it makes many different products it needs several different parts and subassemblies
By directly managing several phases of the production process rather than relying on external suppliers or contractors, vertical integration is a strategy that helps businesses streamline operations.
Vertical integration is the practise of one business managing all aspects of its operations, including raw materials, transportation, manufacturing, and production. True. Social Darwinism holds that the government should work to aid the underprivileged and create an activist state to control the country's corporations.
Vertical integration entails buying out or expanding one or more critical components of a business's production or supply chain. Vertical integration is demonstrated by Netflix, which switched from licensoring programmes and films from large studios to creating its own unique content.
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tamara is leading the strategic groups through an exercise to define the company's mission and goals through a swot (strengths, weaknesses, opportunities, and threats) analysis. she is employing
Tamara is employing strategic management techniques to define the company's mission and goals through a SWOT analysis.
What is strategic management?Strategic management is the process of formulating and implementing the major goals and initiatives of an organization. A SWOT analysis is a tool used in strategic management to assess the internal strengths and weaknesses, as well as the external opportunities and threats, of an organization.
By using a SWOT analysis, Tamara and her team can identify the key strategic issues that the company faces and develop strategies to address them. This can help ensure that the company is focused on achieving its goals and is well-positioned to respond to changes in the business environment.
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which of the following is a characteristic of this image? uses high value colors use of complementary colors uses only secondary colors strong use of primary colors
The characteristics of the given image is the strong use of primary colors.
An image refers to a visual representation of something which can be two-dimensional, three-dimensional, or somehow feed into the visual system to convey information. In the given image, the characteristic most apparent is the strong use of primary colors.
The primary colors are a set of colors that can be mixed together to produce a wide range of hues. Primary colors cannot be produced by mixing other colors, rather they are the source of all other colors. The primary color or basic colors are red, yellow, and blue. In the given image, the color or blue are predominantly visible.
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as a store of value, money :
A) does not earn interest. B) cannot be a durable asset. C) must be currency. D) is a way of saving for future purchases.
Option D
Explanation:
Extra money can be saved by depositing it in the bank, investing in any asset, etc. These deposits or investments can...
strayer discussion the product and the celebrity endorsing it how the endorsement influenced your decision to buy the product
The results show that a celebrity endorser's influence on consumers' perceptions of quality, purchase intentions, and brand loyalty is positive when they have traits like attractiveness, trustworthiness, and familiarity. By using a celebrity as an endorser, marketers are able to pique.
The interest of their target audience by presenting them with a very admirable and well-known face. This strategy is successful in generating demand because it also boosts influence recall, which has a positive effect on consumers' purchasing decisions. One of the most well-known marketing strategies in the cosmetics industry is celebrity endorsement. Building a distinctive identity for the brand is regarded as a successful tactic.
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given the following information, calculate target volume (in sales dollars): sales price per unit $30 variable cost per unit $18 target profit $8,000 fixed costs $2,000
Information presents $666.67 as the target volume (in sales dollars).
The total profit that such managers of a company anticipate achieving at the conclusion of an accounting purposes period is known as the profit margin. Usually, the forecasting process generates the goal profit, which is then matched to the final output in the financial report.
sales price per unit is given at $30
The variable cost per unit is $18
The fixed cost is $2000
the targeted price is $800
The target volume will be termed as:
= (target profit + fixed costs) / contribution margin per unit.
= (8000+ 2000) / (30-15)
= 10000 / 15
= $666.67
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Based on the following information, calculate net income for Dana's Dress Shop using the traditional format. Sales Gross Margin Contribution Margirn $360,000 $140,000 $110,000 Total Selling& Administrative Exp. $60,000 Click the answer you think is right. $80,000 $50,000 $190,000 $160,000 Do you know the answer? I know It Think so No idea 2 3 5 0 0
The answer is $80,000,
140,000-60,000=$80,000 This is not the same as gross income, which simply subtracts the cost of goods sold net income from revenue.
In the context of business and accounting, net income—also referred to as total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales—refers to an entity's income less its costs of goods sold, expenses, depreciation and amortisation, interest payments, and taxes for a particular accounting period. The net increase in shareholders' equity as a result of a company's operations is another way to define it. It is determined by subtracting all expenses and losses from the period's income and gainsIncome (gross) less any relevant taxes and other deductions equals net income for families and individuals.
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you were not a missouri resident, you did not have any missouri income, and you are not subject to any type of missouri income tax
You were not a Missouri resident, you did not have any Missouri income, and you are not subject to any type of Missouri income tax. Therefore, you do not need to file a Missouri income tax return.
Missouri personal income tax returns are filed with the Missouri Department of Revenue. Taxpayers can file their returns online, by mail, or in-person. Personal income tax returns are due April 15 of each year, or the next business day if April 15 falls on a weekend or holiday.
The state of Missouri offers a variety of tax credits and deductions that can help taxpayers save money. Taxpayers may be eligible for a tax credit for child and dependent care expenses, a deduction for contributions to a 529 college savings plan, or other deductions.
For more information on Missouri income tax returns, visit the Missouri Department of Revenue website or call their customer service line at 800-877-6881.
To learn more about income tax return link is here
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