Answer:
If the present bus is repaired, the present value of the annual cash operating costs associated with this alternative is calculated as follows;
Answer:
A) $25,000.
Explanation:
Marina's adjusted basis for her partnership interest at the end of the year = $20,000 (Marina's cash contribution) + $5,000 (Marina's share in the partnership's net taxable income) - $8,000 (distributions received by Marina) + $8,000 (Marina's share in the partnership's recourse liabilities) = $25,000
Answer:
a) Assets and expenses
Explanation:
Credit balance can be regarded as amount that is been owed by a business to a customer. This occur when the payment by the customer to the business exceed the current invoice stipulates. credit balances can be located or found at right side of a subsidiary ledger account, it can be found on right side of a general ledger account. credit balance that is contained on billing statement of the customers can be regarded as amount that card issuer is owing the customer.
It should be noted that one if account groups that is normally has a credit balance is Assets and expenses
Answer: 3.70
Explanation: Stock turnover can be calculated using following formula :-
where,
cost of goods sold =598,600
average stock = 162,000
now, putting the values into equation above, we get :-
= 3.70
