Answer:
Here is what I found, I hope it helps
Explanation:
Gross Income contains all money you earn that is not expressly removed from taxation under the Internal Revenue Code (IRC). The part of your gross income which is currently subjected to taxes is Taxable Income. To arrive at the number of Taxable Income, expenses are deducted from gross income. For a year, your Gross Income applies to all your pre-tax earnings, while your Adjusted Gross Income is mostly smaller and refers to your income after tax deductions. I could not find the difference between Adjusted Gross Income and Taxable Income.
There will be $405 million available to contestants in the following season as LIV golf grows to 14 events in 2023.
<h3><u>LIV golf - what is it?</u></h3>
The LIV Golf League, created as an alternative to the current PGA Tour, attempts to apply the principles of arena-style sporting events to the world of golf. The LIV system, which has a fundamentally different business model than the conventional structure, enables greater financial advantage for those engaged beyond just winning tournaments.
Unlike the PGA Tour, LIV golf allows appearance fees, so players vying for the $20–25 million purse are also able to get additional compensation.
Learn more about LIV golf with the help of the given link:
brainly.com/question/29360586
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Direct deposit typically refers to your <u>employer</u> sending your<u> paycheck </u>electronically to your bank account.
<h3>What is direct deposit?</h3>
Direct deposit can be defined as the way in which your employer directly deposit your salary into your bank account electronically.
Most companies or organization tend to make use of direct deposit system to pay their employee salary or paycheck instead of giving them cash or using check .
Inconclusion Direct deposit typically refers to your <u>employer</u> sending your<u> paycheck </u>electronically to your bank account.
Learn more about direct deposit here:brainly.com/question/3044615
Answer:
$357,500
Explanation:
Cash flow from operating activities on the statement of cash flows:
= Net income + Depreciation Expense - Increase in accounts receivable - Increase in inventory + Decrease in prepaid expense - Decrease in accounts payable
= $350,000 + $26,000 - $3,000 - $5,000 + $2,500 - $13,000
= $357,500
Therefore, the net cash flow from operating activities is $357,500.
Answer:
Cash obtained From Bank $588,100
Explanation:
Lets Solve it By Cash Flow Method To find out Amount of Debt Acquired During the Year.
Cash Inflows
Sales 2393000
Out Flow
Cost of Goods Sold (1432000) Assuming total purchases were made during the year
Depreciation - Non-Cash Item
Admin Expense (435700) Cash Expense
Selling Expense (490700) Cash Expense
Interest Expense (215700)
Net Inflow/(Outflow) (181700) Net outflow
Dividend Paid (407000)
Total Cash obtain form the bank (588100) i.e 181700+407000
To make the payments.
Assuming that there were no cash at start of the year.
