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2 years ago

Oliver owns Wifit, an unincorporated sports store. In 2019, Wifit earned $100,000 before Oliver drew out a salary of $60,000.

Business

1 answer:

oksano4ka [1.4K]2 years ago

8 0

Answer:

c. $7,650

Explanation:

As IRS regulate, the self-employment tax is 15.3% charged on business profit, but the IRS let the employer count half of tax, or 7.65%, as a business deduction for purposes of calculating the tax.

So in this case, Oliver’s 2019 deduction for self-employment taxes is $7,650 = $100,000 x 7.65%

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When the first Pizza Hut opened its doors back in 1958, it offered consumers one style of pizza: its Original Thin Crust Pizza.

slega [8]

Answer:

Monopolist competition.

Explanation:

The market structure of monopolistic competition occurs when there are several companies offering similar products, which even though substitute products cannot be considered perfect substitutes. Monopolistic competition is characterized when in the market there are many sellers competing for a higher market position of some product or sector. This type of monopolistic competition is characterized by free entry to other companies, which makes it increasingly competitive in the pursuit of customer preference.

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2 years ago

The following transactions occur for Badger Biking Company during the month of June: a. Provide services to customers on account

pentagon [3]

Answer:

The Accounting Equation is: Assets = Liabilities + Stockholders' Equity. Thus, we will see how each transaction affects liabilities, assets, or, stockholders' equity.

a. Provide services to customers on account for $32,000.

Service revenue: $32,000 to stockholders equity.

Accounts receivable: $32,000 to assets.

b. Receive cash of $24,000 from customers in (a) above.

Cash: $24,000 to assets.

Accounts Receivable: ($24,000) to assets.

c. Purchase bike equipment by signing a note with the bank for $17,000.

Equipment: $17,000 to assets.

Accounts payable: $17,000 to liabilities.

d. Pay utilities of $3,200 for the current month.

Uitlities expense: ($3,200) to stockholders equity.

Cash: ($3,200) to assets.

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2 years ago

Natasha has $1000 to open a checking account. She can maintain a monthly balance of $600. She also has a savings account at the

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Answer:

Account A

Explanation:

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2 years ago

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Big Lots is able to compete against Wal-Mart with a cost leadership strategy because of its strengths in highly disciplined merc

OLEGan [10]

Answer:

A) ability of Big Lots to imitate Wal-Mart's tightly integrated activity map.

Explanation:

Competitive advantage of a company is it's ability to leverage on unique capabilities and resources to gain more market share than others.

In this instance Big Lots is competing favourably by imitating unique capability of Walmart which is highly disciplined merchandise cost and inventory management system.

A business can imitate another's strategy in order to better compete with them.

For example acquiring a company to increase scale of operations to match a competitor.

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2 years ago

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Adnan Hassan earned 5% commission as a sales trainee. After

wel

Answer:

He earns $296780 as a Sales Trainee and $377094 as a Sales Associate

Explanation:

Given