I. In December, BAM agreed to a 12-month, $9,950 contract with Advertise-With-Us (AWU) to produce a...
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I. In December, BAM agreed to a 12-month, $9,950 contract with Advertise-With-Us (AWU) to produce a radio ad campaign. BAM paid $4,500 up front (in December of this year), and AWU agreed that BAM would owe the remaining $5,450 only if BAM's sales increased by 15 percent over the 9-month period after the contract was signed. m. In November of this year, BAM paid $4,200 in business property taxes (based on asset values) covering the period December 1 of this year through November 30 of next year. In November of last year, BAM paid $3,200 for business property taxes (based on asset values) covering the period December 1 of last year through November 30 of this year. What is BAM's business income? (Enter the write-off of the receivable under e-1 and the sales under e-2. Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) Amount a. $ 4,650 b. 133,100 C. 21,698 d. 15,742 e-1. (4,800) e-2. 218,500 f. (142,600) g. (1,673) h. (6,660) i. (6,450) j. (22,220) k. (1,833) I. m. Business income I. In December, BAM agreed to a 12-month, $9,950 contract with Advertise-With-Us (AWU) to produce a radio ad campaign. BAM paid $4,500 up front (in December of this year), and AWU agreed that BAM would owe the remaining $5,450 only if BAM's sales increased by 15 percent over the 9-month period after the contract was signed. m. In November of this year, BAM paid $4,200 in business property taxes (based on asset values) covering the period December 1 of this year through November 30 of next year. In November of last year, BAM paid $3,200 for business property taxes (based on asset values) covering the period December 1 of last year through November 30 of this year. What is BAM's business income? (Enter the write-off of the receivable under e-1 and the sales under e-2. Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) Amount a. $ 4,650 b. 133,100 C. 21,698 d. 15,742 e-1. (4,800) e-2. 218,500 f. (142,600) g. (1,673) h. (6,660) i. (6,450) j. (22,220) k. (1,833) I. m. Business income
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I The advertising contract is for a period of 12month for a total charge of 9950 4500 is paid ... View the full answer
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date:
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