The Records of Count Bases Pizzas Showed the Following

question 57

Multiple Choice

The records of Count Bases Pizzas showed the following.
30 June 15 30 June 16
Pizza ovens and equipment $49 000 $53 000
Accumulated depreciation ovens and equipment 10 000 12 000
Cost of equipment sold 5 000
Carrying value of equipment sold 3 000
Proceeds of sale of equipment 4 500
What is the investing cash inflow for equipment sold during 2015/16?

• A)Carrying value of equipment sold $3000
• B)Equipment sold $4000
• C)Proceeds of sale of equipment $4500
• D)Cost of equipment sold $5000

Understand and apply the correct procedures for calculating federal unemployment (FUTA) taxes and credits.

Learn IRS withholding requirements including the backup withholding rate.

Comprehend the rules for tax deposits schedules and their effects on employers.

Identify the correct use of forms related to tax reporting and withholding.

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Definitions:

Tailored Postponement

A supply chain strategy where customization of the product is delayed until the latest possible point to better meet customer demand.

Profitability

A measure of the efficiency and financial success of a business, indicated by the ratio of profits generated to the amount invested or revenue.

Improve Profitability

Strategies or actions undertaken to increase the net income relative to revenues of a business or investment.

Postponement

A strategy used in supply chain management where the final assembly or customization of a product is delayed until the last possible moment to reduce inventory costs and enhance customization.