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2 years ago

In order to register your car, the state of Florida requires that all drivers have ...

Business

1 answer:

olga_2 [115]2 years ago

7 0

In order for drivers to register their cars in Florida it is required that they have

Proof of identity
Proof of insurance for the state of Florida
Application for certificate of title.

<h3>What is a car registration?</h3>

This is the registration that is mandatory for all cars in the United States. The goal is to be able to track cars that are used to carry out criminal activities and their owners.

To do this one is compulsorily required to show the proof that they own the car they are registering.

You might be interested in

Which category of cost includes insurance and utilities

Nata [24]

Answer:

Administrative Cost

Explanation:

Administrative cost refers to the cost used in directing and controlling a firm, corporation or organisation. These cost includes salary and wages of employee, insurance, depreciation, postage, stationery, rent, etc.

It is sometimes refers to as general cost. It is used in the day to day running of the business, but not directly attributable to any production process. These cost can not be categorized as either financing or distribution cost. Hence, it falls under administrative cost.

8 0

3 years ago

The manager at Tom's Taxidermy expects to sell units at each unit. In order for the manager to breakeven, the manager must sel

andre [41]

The manager at Tom's Taxidermy expects to sell 900 units at $80 each unit. In order for the manager to breakeven, the manager must sell 100 units. What is the margin of safety in dollars?

Answer:

$64,000

Explanation:

Given that, the margin of safety is a term that describes the disparity between the actual sales volume and the breakeven volume.

In this case, Tom's Taxidermy expects to sell 9,00 units at $80 each and their breakeven volume is 100 units, the margin of sales, in dollars, is:

MS = ( 900 - 100) * $80

MS = 800 * $80

= $64,000

Therefore, the right answer as Margin of Safety in dollars = $64,000

6 0

4 years ago

Harvard Financial Services purchased computers that are to be used in its consultancy services. Based on the matching principle,

gladu [14]

Answer:

c. Accumulated Depreciation

Explanation:

The balance sheet is used to show the balance of the assets, liabilities and owners equity at a given period.

When a fixed asset is purchased, it is recognized at cost. As it is used, it is depreciated by debiting the depreciation expense in the income statement and crediting the accumulated depreciation in the balance sheet.

Hence the account other than Computers, that should appear on the balance sheet as of December 31, 2016 is Accumulated Depreciation

6 0

3 years ago

Ayayai Corp. had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 2022 Purchase 102 $42 Mar. 14,

Dominik [7]

Answer:

Income after tax = $1666

Explanation:

LIFO (Last-In-First-Out) is a method of inventory valuation where the goods that are received last are used first. In other words, the latest stock is used first. This is common for bulky inventory, stacked one on top of another.

In order to obtain the after-tax income, both the gross profit and income before tax are required. To obtain gross profit, we require the cost of goods sold information. The inventory information is as follows:

Feb 1 : Purchases : 102 units x $42 = $4284

Mar 14 : Purchases : 175 units x $44 = $7700

May 1 : Purchases : 124 units x $46 = $5704

288 units were sold

The COGS would be:

124 x $46 = $5704

164 x $44 = $7216

Thus COGS : $5704 + $7216 = $12920

Gross profit : Sales - COGS

Sales : $59 x 288 = $16992

Gross Profit = $16992 - $12920 = $4072

Income before tax : Gross Profit - Expenses

Operating expenses : $1692

Income before tax = $4072 - $1692 = $2380

Income after tax : Income before tax - (tax rate x income before tax)

Tax rate : 30%

Income after tax = $2380 - ($2380 x 30%) = $1666

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4 years ago

The following financial information is taken from the balance sheets of the Peter Company and the Paul Company:

Iteru [2.4K]

Answer:

Current ratios:

Peter Company Answer = 5

Paul Company Answer = 2.5

Peter company has the higher liquidity than the Paul company. Its current ratio is double than the Paul's.

Explanation:

Company : Peter Paul

Current assets $200,000 $50,000

Current liabilities $40,000 $20,000

To calculate Liquidity we will us following ratio formula:

Current Ratio = Current Assets / Current Liabilities

Peter Company

Current Ratio = $200,000 / $40,000 = 5

Paul Company

Current Ratio = $50,000 / $20,000 = 2.5

Peter company has the higher liquidity than the Paul company

8 0

3 years ago