A local pet supplies boutique had a good year with rising revenues and reduced operating costs resulting in personal income for the owner of nearly $100,000. One-third of that went to local, state, and federal income taxes and another third went to pay for a home mortgage, car payments, food, clothing, and other necessities. What is the remaining third called?
A. disposable income
B. gross income
C. bonus income
D. discretionary income
E. profit
Answer: D
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Tom, Susie, and Bill are tired of working for a large company. They want to start their own business. After meeting many times, Tom, Susie, and Bill are now committed to their product idea, but they now need to meet to discuss if they will sell their product in physical stores, online, or both. This meeting is an example of what stage in the innovation process?
A. idea generation B. implementation and diffusion C. selective refinement D. problem-solving
Margin of safety is the excess of actual sales over break even sales
Indicate whether the statement is true or false
Expenditures for maintenance or repair of tangible long-lived assets are treated as asset improvements and subsequently depreciated
Indicate whether the statement is true or false
Beth is an accountant with Consumer Sales Corporation. Doral buys Consumer stock and loses money on the investment. To recover from Beth under Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5, Doral must prove
A. none of the choices. B. fraud and reliance only. C. fraud, reliance, and materiality only. D. scienter, fraud, reliance, materiality, and causation only.