What Is An Example Of A Deduction? Charitable donations and business expenses, such as entertainment expenses and office supplies, are examples of items that can be deducted. … An expense, such as state and local taxes paid, or annual interest on a mortgage, that is listed on a tax return as a deduction. What are
What Does A Pro Forma Consist Of? Pro forma financial statements incorporate hypothetical amounts, forecasts, or estimates, built into the data to give a “picture” of a company’s profits if certain nonrecurring items were excluded. These are often intended to be preliminary or illustrative financials that do not follow standard accounting practices. What is a
What Is Business Income With Extra Expense Coverage? Business Income and Extra Expense insurance (BIEE) provides coverage when your business shuts down temporarily due to a fire or other covered loss. It helps replace your income and covered expenses like rent, payroll and other financial responsibilities while your property is being repaired or replaced. How
What Is Cost Analysis For Decision Making? A cost-benefit analysis is a systematic process that businesses use to analyze which decisions to make and which to forgo. The cost-benefit analyst sums the potential rewards expected from a situation or action and then subtracts the total costs associated with taking that action. How do you do
What Is Opportunity Cost Give Example? The opportunity cost is time spent studying and that money to spend on something else. A farmer chooses to plant wheat; the opportunity cost is planting a different crop, or an alternate use of the resources (land and farm equipment). A commuter takes the train to work instead of
What Is Most Likely The Reason Variable Expenses Should Be Planned After Fixed Expenses Fixed Expenses Are Deducted From Gross Income And Variable Expenses Come From Net Income? It would not affect gross income. earn more money. What is most likely the reason variable expenses should be planned after fixed expenses? Fixed expenses are required
What Is Most Likely The Reason Variable Expenses Should Be Planned After Fixed? a variable expense. … What is most likely the reason variable expenses should be planned after fixed expenses? Fixed expenses are required and constant, but variable expenses are more flexible. Why might variable expenses change a great deal at different times? The
What Is Most Likely The Reason Variable Expenses Should Be Planned After Fixed Expenses? a variable expense. … What is most likely the reason variable expenses should be planned after fixed expenses? Fixed expenses are required and constant, but variable expenses are more flexible. Why might variable expenses change a great deal at different times?
What Is Meant By Term Opportunity Cost? How is opportunity cost defined in everyday life? “Opportunity cost is the value of the next-best alternative when a decision is made; it’s what is given up,” explains Andrea Caceres-Santamaria, senior economic education specialist at the St. Louis Fed, in a recent Page One Economics: Money and Missed
What Is Hospital Miscellaneous Expenses? Covered miscellaneous expenses include drugs, x-rays, anesthesia, lab fees, dressings, and the use of the operating room and supplies. … Generally, maximum miscellaneous expense benefits are expressed as a multiple of the daily room and board benefit or may be a stated dollar amount. What are the major expenses in