Answer:
Company HD pays less in taxes
Explanation:
In the case when the company HD and LD have the similar rate of tax, sales revenue, etc even both have favorable net incomes also the company Hd contains greater debt ratio due to which it has more interest expense so that means company hd would pay less taxes
Therefore the above represent the answer
and, this is the answer but the same is not provided in the given options
Answer:
(a1) $761,000
(a2) $504,000
(a3) $793,000
Explanation:
(a-1) Amount of net sales reported as revenue in the income statement:
= Cash sales + Credit sales
= $289,000 + $472,000
= $761,000
(a-2) Amount of cash received from collecting accounts receivable:
= Credit sales + Decrease in accounts receivable
= $472,000 + $32,000
= $504,000
(a-3) Amount of cash received from customers:
= Cash sales + Amount of cash received from collecting accounts receivable
= $289,000 + $504,000
= $793,000
Answer:
The descriptions that best characterize the young Dr. Jekyll include the following:
1. -He was famous.
2. -He was rich.
3. -He was in excellent shape.
Explanation:
He was an eccentric Dr who was researching on the possibility of discovering a drug that will help mankind. During his research, he noticed that, when ever he take a particular drug, it alters his personality and body which would bring out the darkest thoughts in him.
<em>The more he took the drug, the more him slips into darkness and destruction which always makes him sober after transforming back to his normal personality.</em>
Answer:
Debit Accounts Receivable, $225; credit Fees Earned, $225
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