Answer: (a) $295 million
(b) $326 million
Explanation:
Given that,
Sales = $900 million during 2016
Cash = $871 million
Cost of goods sold = $280 million
Expenses for the year totaled = $325 million
Paid for Inventory = $375 million
Paid for everything else = $285 million
Beginning cash = $115 million
(a) Net Income = Sales - Cost of goods sold - Expenses for the year totaled
= $900 - $280 - $325
= $295 million
(b) Carter's cash balance at the end of 2016:
= Cash + Beginning cash - Paid for Inventory - Paid for everything else
= $871 + $115 - $375 - $285
= $326 million
Answer:
The answer is "Option c".
Explanation:
The whole teaching requires its principal (StarQuest ltd) to also be held liable for only certain acts unless the agent or worker speaks up which damages or injury. From the above case, Morges' behavior is inaccurate as well as the corporation is responsible for its behavior.
- Parens patriae is indeed a principle that covers State intervention whenever a negligent parent is involved.
- Res ipsa loquitor is indeed a principle which, throughout the absence of evidence, makes misconduct or perhaps an accident as 'negligence.'
- In the fairness doctrine is concerned with both the transmission of contentious news not with the liability of even an undertaking for its conduct.
Answer:
The $30,000 will be posted to the debit side of the Cash account
The $30,000 will be posted to the credit side of the Common Stock account
Explanation:
The journal entry is shown below:
Cash A/c Dr $30,000
To Common stock A/c $30,000
(Being the cash is invested)
We simply debited the cash account and credited the capital account for $30,000 so that the correct posting can be done. So while preparing the ledger accounts we post the amount to the debit side of the cash account and credit side of the common stock account
Answer:
- Federal Income tax ⇒ $80
- FICA ⇒ $125.46
- State income tax ⇒ $52.97
- Local deduction - Clark County Income tax ⇒ $29.52
Explanation:
Brent gets paid semi-monthly so his pay per period is:
= 39,360 / (12 months *2)
= $1,640
Based on the table therefore, his federal tax is:
= $80
This figure is based on the intersection between income of $1,640 and 3 withholding allowances.
FICA tax rate is 7.65% so his FICA tax is:
= 1,640 * 7.65%
= $125.46
State income tax = $52.97
Local deduction - Clark County Income tax = $29.52
Total deductions:
= Federal tax + FICA + State income tax + Clark County income tax
= 80 + 125.46 + 52.97 + 29.52
= $287.95
Using a combination of different modes of transportation to move freight in order to exploit the best features of each mode is called intermodal transportation.
Answer: Option D
<u>Explanation:</u>
When multiple modes of transportation is used, to transport bulk of goods in an intermodal vehicle that’s what it is called as intermodal transportation.
Intermodal means using two modes of freight (transport system thought which bulk of goods are being transported) such as truck and train to transfer goods from shipper to the receiver. Intermodal transportation reduces the costs of transportation thus devoting to the green environment. This type of transportation also reduces the damage and enhance the security of the goods.