Meng wanted to know what the net sales and the net profit after tax were during the year 2019 for her business. Meng should look at the store's:
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please provide explaination as to why the other options are incorrect. thank you
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- What type of income is Ramona’s $2,450monthly take-home amount after taxes?a. Ordinaryb. Personalc. Disposabled. Grosse. DiscretionaryAnswer briefly for each questions. Thank you. 1. Differentiate General Annuity and General Ordinary Annuity? 2. What is a General Ordinary Annuity? 3. Express the process in finding the Present and future value of General ordinary annuity. 4. What is the formula in finding the Fair Market Value? 5. Express the process in finding the Fair Market Value.You and your partners have decided to open a large full-service restaurant in your local community: it will be open from 7 am. to 10 pm. to serve breakfast kunch, and dnner. Each of you is investing $50,000 in the venture, and together you have secured a bank loan for $300.000 to begin operations, You and your partners have ite experience in managinga restaurant beyond serving meals or eating in restaurants and you now tace the task of deciding how you will manage the restaurant and what your repective roles wil be. 1Decide what each partner's managerial role in the restaurant wil be for example, who will be responsible for the necessary departments and specifie activities? Desoibe your managerial hierarchy. 2.Discuss the most important decisions that must befmade about (a) planning (b) organing, leading, and idi controlling to alow you and your partners to use orgaational resources effectively 3For each managerial task list the issues to solve, and decide which roles will contribute…
- Mishap has a gross income of $43,360. She owns a condominium and donates to charity, but there's no way her tax deductible expenses come close to the standard deduction of $12,000. During a cold snap in the winter she donates an extra $500 to the local homeless shelter, a registered charity. How much will this donation save her on her taxes?4- Cash flow statement of any company shows the net cash inflow and outflow during a period of time. Which of the following activities are considered while making cash flow statement? a. Cash flow from investing activities b. All of the options c. Cash flow from financing activities d. Cash flow from operating activitiesUse the following information to prepare the Juy cash budget for Acco Co. It should show expected cash receipts and cash payments for the month and the cash balance expected on July 31. Question 1 What is net income after taxes? Question 2 What is the amount of total assets? Question 3 What is the amount of retained earnings?
- (1) What role does a company’s strategic plan play inthe process of financial management? (2) How doeszero-based budgeting help a company spend its cashin the most effective ways possible?To find the net present values of future cash flows for six different discounted rate of interest, use: a. Data Table b. Goal Seek c. None of these d. Scenario managerro forma income statement. Given the income statement , for California Cement Company for 2013 and an expected sales growth rate of 6.67% for 2014, prepare a pro forma income statement for 2014. First, find the percentage of each income statement line from 2013 as a percent of sales. (Round to three decimal places.) California Cement Company Income Statement for 2013 Sales revenue $ 22,869,000 Cost of goods sold $ -11,637,000 Selling, general, and administrative expenses $ -3,993,000 Depreciation expenses $ -1,331,000 EBIT $ 5,908,000 Interest expense $ -175,000 Taxable income $ 5,733,000 Taxes $ -2,512,462 Net income $ 3,220,538 What is the sales forecast for 2014? (Round to the nearest dollar.) The pro forma income statement for 2014 is: (Round to the nearest dollar.) California Cement Company Pro Forma Income Statement for 2014 Sales revenue $ ? 100.00% Cost of goods sold $ ? 50.885 %…
- 2. what is the difference between start up finance and start up revenue? explainB. Analyze the situation below. Mrs. Malou Pitt is the auditor of MugTaza Company for almost 10 years. She rendered resignation because she decided to be with her family abroad. Ms. Teeyagha Khoo, the finance manager was full of regrets because Mrs. Pitt's decision since she was one of the most dedicated and superb employees of the company. Mr. Khoo accepted her resignation letter and forwarded it to Atty. Kizze Magalang, the Human Resource Manager. Hence, the company will be on the process of recruiting applicants to fill in the position of Mrs. Pitt. wwwd In this scenario, who will fill up the Personnel Requisition Form? a. Atty. Kizze Magalang, the Human Resource Manager b. Ms. Teeyagha Khoo, the Finance Manager w m m mw Justity your answer.1. The finance discipline aims to help the business decision makers in answering key questions. How would you answer the following questions? Fully explain. a. Who is your primary customer? b. How company values select shareholder, customer, and employees? c. What critical performance variables would you be tracking? Why? d. How would you solve conflicts between management and shareholders? (Please correct information this finanas question)