Answer:
Protected status
Explanation:
In simple words, the trade secret is said to be protected when it has an economic value to the founding company or the company handling it and anyone who is exposed to the information regarding that is legally bound to not to disclose it.
Thus, from the above we can conclude that the given scenario indicates protected status.
<span>improve patient handoff quality</span>
Answer: b. $14,000
Explanation:
Taxes are 30%. If the LIFO amount will result in $900 more being paid in taxes then that means that $900 is 30% of the increase in income from LIFO.
Increase is therefore;
900 = x * 30%
x = 900/30%
x = $3,000
Income before tax using LIFO;
= FIFO income + increase in income
= 11,000 + 3,000
= $14,000
Answer:
The journal entry which is to be made for the June is shown below:
Explanation:
The journal entry which is to be made for the June is as:
Supplies expense A/c..................................Dr $3,500
Supplies A/c..........................................Cr $3,500
Being record the supplies which were used by the business during operations
The supplies expense is debited against the supplies accounts which were used by the business during June.
Working Note:
Amount = Purchased amount supplies - Inventory of supplies on hand
where
Purchased amount supplies is $4,500
Inventory of supplies on hand is $1,000
So,
Amount = $4,500 - $1,000
= $3,500
Answer:
$ 615,000
Explanation:
Data provided :
Capital budget = $ 650,000
Debt ratio = 40%
Equity ratio = 60%
thus,
The capital funded by the equity = 60% of the capital = 0.6 × $ 650,000
= $ 390,000
Dividend to be paid = $ 225,000
Therefore,
the net income must be earned = $ 390,000 + $ 225,000
or
The net income must be earned = $ 615,000
