Well I’m young so I make money through part time jobs such as chick fila or some other restaurant that pays
Answer:
what ones there's only the question not the answers
The financial statements that is <span>divided into major categories of operating, investing and financing activities is the statement of cash flow. In this statement, the cash inflows and outflows of the company would be shown. The operating would show the cash flow in the normal operation of the business. The investing would show the cash flow in the investments of the company. And the financing will show the cash flow of the finances of the company. The primary purpose of this statement is to inform readers how much cash is available in the company. This will be a factor in determining the company's liquidity.</span>
Answer: the correct answer is $620,000.
Explanation: Section 179 Increased to One Million for 2018: Jan 2, 2018 – With the passage and signing into law of H.R.1, aka, The Tax Cuts and Jobs Act, the deduction limit for Section 179 increases to $1,000,000 for 2018 and beyond. The limit on equipment purchases likewise has increased to $2.5 million.
Answer:
8.2
Explanation:
Accounts receivable turnover measure the average times the company received their receivable, It measure the efficiency of the company regarding collection from customers. Turnover will be higher if company has low ratio of receivables to sales value.
Average Receivable can be calculated as below
Average Receivable = (Accounts Receivable at the beginning of the year + Accounts Receivable at the end of the year) / 2 = ($114000 + $152000)/2 = $133,000
Net Sales = $1,090,600
Formula for Accounts receivable turnover is as follow
Accounts receivable turnover = Net Sales / Average Receivable
Accounts receivable turnover = $1,090,600 / $133,000 = 8.2 times
