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3 years ago

What power does original jurisdiction give the courts

1 answer:

7 0

Original jurisdiction gives certain lower level courts the right to hear a case first. Original jurisdiction means that a case is to be heard by a specific court and the case could later be reviewed by an appellate court.

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North Company has completed all of its operating budgets. The sales budget for the year shows 50,820 units and total sales of $2

Grace [21]

Answer:

We are given all the details of the activity and the results of those activities, like the cost and revenue.

The multi step income statement shall be as follows:

Income:

Revenue from Sales = $2,391,000

Other Income = $0

Total Revenue = $2,391,000

Expenses:

Cost of goods sold = $1,168,860

$23 $\times$ 50,820

Selling and Administrative = $303,100

Interest Expense = $13,060

Total Expenses = $1,485,020

Net Income before Taxes = $905,980

Less: Taxes on income = $220,400

Income from Continuing Operations = $685,580

7 0

3 years ago

Indicate the effect each separate transaction has on investing cash flows. (Amounts to be deducted should be indicated with a mi

cestrela7 [59]

Answer:

Cash flow from investing activities

Cash received from sale of truck = $8,600

Cash received from sale of machine = $5,600

Cash paid for purchase of investment = -$16,300

Net cash used by investing activities = ($2,100)

Explanation:

Given:

a. Sold a truck costing $40,000, with $22,000 of accumulated depreciation, for $8,000 cash. The sale results in a $10,000 loss.

b. Sold a machine costing $10,000, with $8,000 of accumulated depreciation, for $5,000 cash. The sale results in a $3,000 gain

c. Purchased stock investments for $16,000 cash. The purchaser believes the stock is worth at least $30,000

Cash flow from investing activities

Cash received from sale of truck = $8,600

Cash received from sale of machine = $5,600

Cash paid for purchase of investment = -$16,300

Net cash used by investing activities = ($2,100)

8 0

2 years ago

Rent expense in Volusia Company's 2016 income statement is $420,000. If Prepaid Rent was $70,000 at December 31, 2015, and is $9

d1i1m1o1n [39]

Answer:

$445,000

Explanation:

The rent in Volusian company income statement for 2016 is $420,000

The prepaid rent is $70,000 at December 31 2015 and $95,000 at December 31 2016

Therefore the cash paid for rent in 2016 can be calculated as follows

= $420,000+($95,000-$70,000)

= $420,000 + $25,000

= $445,000

5 0

2 years ago

If the cost of an item is $72 and it has a retail price of $89, what is the gross margin?

djyliett [7]

Answer:

retail - cost) / retail) * 100 =

((5 - 3.5) / 5) * 100 =

(1.5/5) * 100 =

0.3 * 100 =

30% <==

Explanation:

7 0

2 years ago

Which of the following is the best description of listening?

Marysya12 [62]

It involves processing speech with focused attention.

4 0

3 years ago