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rjkz [21]
2 years ago
15

Select the account that would be decreased if the owner of hillary's hair salon decides to withdraw $40 for personal use. multip

le choice question. cash revenues expenses owner's withdrawals
Business
1 answer:
Karo-lina-s [1.5K]2 years ago
3 0

Select the account that would be decreased if the owner of hillary's hair salon decides to withdraw $40 for personal use. 'cash'

therefore the correct option is Cash

Personal Use

Any usage that does not meet the requirements for Commercial Use is considered Personal Use. Use for strictly personal objectives is referred to as personal, or non-commercial, use. A use must satisfy ALL THREE of the following requirements in order to be deemed "Personal":

The use cannot entail a currency exchange.

The use can't be used to advertise a company (this includes non-profit organizations)

There must be no financial gain from the use, either directly or indirectly.

The use is classified as "Commercial" if one or more of the requirements are not satisfied.

To learn more about Personal Use

brainly.com/question/27034337

#SPJ4

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A proposed new project has projected sales of $175,000, costs of $93,000, and depreciation of $24,800. The tax rate is 23 percen
allochka39001 [22]

Answer and Explanation:

Sales                            = $175,000

Less: Cost                    = $93,000

Gross Profit                  = $82,000

Less: Depreciation       = $24,800

EBT                                = $57,200

Less: Tax [email protected]%    = $13,156

EAT                                 = $44,044

a). OCF = EBIT + Depreciation - Taxes

             = $57,200 + $24,800 - $13,156

             = $68,844

b). OCF = [(sales - costs - Depreciation) * (1 - T)] + Depreciation

             = [($175,000 - $93,000 - $24,800) * (1 - 0.23)] + $24,800

             = $68,844

c). OCF = [(sales - costs) * (1 - T)] + [Depreciation * T]

             = [($175,000 - $93,000) * (1 - 0.23)] + [$24,800 * 0.23]

             =  $68,844

d). OCF = Net income + depreciation

             = $44,044 + $24,800

             = $68,844

6 0
3 years ago
Twain's account of Colonel Rall's speech ("full of gunpowder and glory") is contrasted most vividly to the Marion Ranger's colle
stellarik [79]

Answer:

B

Explanation:

Twain's account of Colonel Rall's speech ("full of gunpowder and glory") is contrasted most vividly to the Marion Ranger's collective remorse over the shooting of an unarmed rider.

3 0
3 years ago
ABC Ltd (ABC) engaged the accounting firm of Ace & King to perform its annual audit. Ace amp; King performed the audit in a
Debora [2.8K]

Answer:

The auditor is entitled to collect the audit fee and is not liable for $90 000.

Explanation:

Ace & King did their job in a competent way, the fact that the company's controller was doing something illegal is not their responsibility. External auditors work with the information that is given to them and their job is limited to analyzing them and making their conclusions about them.

In this case, the controller was the person responsible for giving the information to the auditing company, so he had the chance to direct their conclusions. An external auditor is not responsible for what happens inside a firm, and if someone steals money or assets, he/she is responsible for it.

8 0
4 years ago
Barney decides to quit his job as a corporate accountant, which pays $10,000 a month, and goes into business for himself as a ce
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Answer:

A. $125

(Supplies + Electricity)

B. $10,300

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C. $10,425

(Add them together)

4 0
3 years ago
Budget deficit singapore for 5 year
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Answer:

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6 0
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