Answer:
Net income= 561,506.25
Explanation:
Giving the following information:
sales of $1.67 million, cost of goods sold of $810,800, depreciation expenses of $175,000, and interest expenses of $89,575.
Tax= 35 percent
We need to determine the net income.
Sales= 1,670,000
COGS= (810,800)
Gross profit= 859,200
Depresiation= (175,000)
Interest= (89,575)
EBT= 594,625
Tax= (594,625*0.35)= (208,118.75)
Depreciation= 175,000
Net income= 561,506.25
Ctrl+M is the answer
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Answer:
B) mandate
Explanation:
A mandate refers to the legal obligation or order to do something. For example, a court can issue a mandate to close an appeal, or like in this case, a federal law can require a local government to perform some tasks even if the federal doesn't pay for it.
An example of a federal mandate that doesn't include financing is the Americans with Disabilities Act that requires certain specific changes to local infrastructure.
Answer:
Supply Inelastic: Demand shift will have <u>more</u><u> </u>effect on <u>price</u> than on quantity
Explanation:
Demand and supply reflect buyers & sellers - buying & selling tendencies.
Demand curve & supply curve are downward sloping & upward sloping respectively (∵law of demand , law of supply) & EQUILIBRIUM is where Demand = Supply & Demand, Supply curves intersect.
Elasticity is demand / supply responsiveness to price change. Inelastic Supply doesn't respond to price. It has a vertical curve parallel to y axis (unlike usual upward sloping curve).
Demand change shifts downward sloping demand curve - 1. Rightwards if Increase in Demand, 2. Leftwards if Decrease in Demand. 1st case (↑Dd) with inelastic supply leads to increase in price & no change in quantity, at new equilibrium. 2nd case (↓Dd) with inelastic supply leads to decrease in price & no change in quantity, at new equilibrium.
So, Change in Demand with Inelastic Supply changes only Equilibrium Price & not Equilibrium Quantity.
Answer:
Liability
Explanation:
There are various types of insurances and that the certain insurances called as builders risk coverage form covers two areas the asset and the liability.
It is generally taken when the building is under construction and at that time it is not only an asset but various liabilities are also attached to them.
Therefore, when the asset part is covered only liability part is left which is also covered.
Here liability include payments, while construction huge payments are to be made, loss because of natural harm, that is high tide wind, or heavy rain etc:
