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Effectus [21]
3 years ago
8

How much federal tax should i pay on 17000?

Business
1 answer:
zmey [24]3 years ago
8 0
According to the new tax regulation, the federal tax that is to be paid on $17,000 is $1,100.
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John is a self-employed computer consultant who lives and works in Dallas. John paid for the following activities in conjunction
Dominik [7]
Definitely none of these
8 0
3 years ago
A major conflict of interest between top executives and owners, is that top executives wish to diversify the firm in order to ,
lutik1710 [3]
For the answer to the question above, I think the answer is because they want <em><u>"</u></em><u><em> to</em></u><u><em> </em></u><span><u><em>reduce their employment risk; increase the company's value" </em></u>that's why they want to diversify</span>
I hope my answer helped you. Have a nice day!
6 0
3 years ago
A comparative balance sheet for Culver Corporation is presented as follows.
laila [671]

Answer:

Increase in cash = $50,740

Explanation:

The statement of cash flows for 2020 can be prepared as follows:

Culver Corporation

Statement of Cash Flows

For December 31, 2020

<u>Particulars                                                               $                       $             </u>

Net income                                                        127,440

Adjustment to reconcile net income:

Depreciation expenses (w.1)                             26,740

(Increase) decrease in current assets:

Increase in accounts receivable (w.2)             (15,740)

Decrease in inventory (w.3)                                9,260

Increase (decrease) in current liabilities:

Decrease in accounts payable (w.4)             <u>  (13,260)  </u>

Net cash from operating activities                                          134,440

<u>Cash Flow from Investing Activities </u>

Sales of land (w.5)                                             39,260          

Purchase of equipment (w.6)                         <u> (59,740) </u>

Net cash from investing activities                                            20,480

<u>Cash Flow from Financing Activities</u>                                      

Cash dividends paid                                      <u>  (63,220)  </u>

Net cash from financing activities                                         <u>   63,220   </u>

Increase / (Decrease) in cash                                                     50,740

Beginning cash balance                                                           <u>   22,000  </u>

Ending cash balance                                                                <u>   72,740</u><u>  </u>

Workings:

w.1: Depreciation expenses = Accumulated Depreciation in 2020 -  Accumulated Depreciation in 2019 = $70,220 - $43,480 = $26,740

w.2: Increase in accounts receivable = Accounts receivable in 2020 - Accounts receivable in 2021 = $83,220 - $67,480 = $15,740

w.3: Decrease in inventory = Inventory in 2020 - Inventory in 2019 = 181220 190480 = -$9,260

w.4: Decrease in accounts payable = Accounts payable in 2020 - Accounts payable in 2019 = ($35,220 - $48,480) = $13,260

w.5: Sales of land = Land in 2019 - Land in 2020 = ($111,480 - $72,220) = $39,260

w.6: Purchase of equipment = Equipment in 2020 - Equipment in 2019 = $261,220- $201,480 = $59,740

7 0
3 years ago
The following transactions occurred during November: Borrowed $2,700 from the bank in and signed a promissory note. Received $52
Anarel [89]

Answer: $5,000

Explanation:

Going by the Accrual principle in accounting, revenue is only to be recognized when earned. This means that revenue from services performed in October and revenue from services to be performed in December, will not be part of revenue reported in November.

Revenue to be recorded in November income statement = Billed $3,950 to customers for services performed on account in November + Received $1,050 cash for services performed during November

= 3,950 + 1,050

= $5,000

6 0
3 years ago
Under the WTO agreement:_________
Paraphin [41]

Answer:

Under the WTO agreement:_________

 

b. a dispute resolution mechanism allows countries to bring grievances to the WTO against countries that levy inappropriate trade discrimination measures.

Explanation:

The WTO (World Trade Organization) Agreement is an international legal framework covering about 63 agreements affecting trade in goods, services, intellectual property, standards, investment, and other issues with some impacts on world trade.  The legal framework is a system of rules that supports open, fair, and undistorted trade competition, allowing tariffs and some protections.

7 0
3 years ago
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