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3 years ago

How much interest, if any, can jaxon deduct in year 0 if his business uses the cash method of accounting for tax purposes?

1 answer:

6 0

Jaxon can deduct in year 0 if his business uses the cash method of accounting for tax purposes $750 under either cash or accrual method of accounting. Jaxon can only deduct two months of interest ([$4,500/12] Ă— 2) because prepaid interest is not deductible under either method of accounting.

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You are evaluating the balance sheet for PattyCake’s Corporation. From the balance sheet you find the following balances:

goldenfox [79]

Answer:

Explanation:

Current Assets are those asset which will be liquidated within next one year.

cash and marketable securities $360,000

accounts receivable $1,280,000

inventory $2,180,000

Total Current Assets $3,820,000

Current Liabilities are those which is payable within next one year.

accrued wages and taxes $540,000

accounts payable $840,000

notes payable $680,000

Total Current Liabilities $2,060,000

Current ratio measures the capability of a business to pay the current liabilities if it becomes due.

Current Ratio = Current Assets / Current Liabilities = $3,820,000 / $2,060,000 = 1.85 times

5 0

3 years ago

Account junral entire of Rai account was settled by cash of rs 24000

kifflom [539]

Answer:

cash A/C•••••••••••Dr.

To,Rai´s A/C

7 0

3 years ago

Read 2 more answers

Ezra is the manager of outdoor adventure sporting goods. during the past six months, his cash expenditures have exceeded his cas

nikklg [1K]

The manager of sporting items for outdoor adventures is Ezra. His monetary outlays have outpaced his cash receipts during the last six months. The outdoor adventure industry has a cash flow issue.

Although profitability may be the most important indicator of a company's success, maintaining a steady level of cash flow on a daily basis is essential if your organization is to survive and expand.

When the amount of money leaving the organization exceeds the amount of money coming in, there is a cash flow issue. This results in a lack of liquidity, which might hinder your capacity to pay bills, make loan repayments, and run business profitably.

To learn more about cash flow problem here

brainly.com/question/14281450

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7 0

1 year ago

Reflect on the various factors that affect development, both prenatally and postnatally. Select one factor and share a way that

katen-ka-za [31]

Answer:

A variety of factors affect development, prenatally and postnatally. A non-biological factor, the drug use by parents before and after child´s birth, affect both.

Explanation:

Drug use before, during and after pregnacy problem outcomes form, both individual and environmental reasons. Drug prevention and treatment, traditionally focused on changing individual behaviours have had very limited impact , as the environment hasn´t had necessary change, and the social determinants of drug use have increased, with exacerbating factors that include cognitive limitations, poor parenting and low family socio-economic status, causing the development of children, not receiving the nutrition and stimulation necessary, to be significantly impeded since the very conception, causing genetic predisposition to drug use; in neonatal and infancy, the consequence might be to get a child with difficult temperament , in preschool, children could develop early behavioural and emotional disturbances, such as oppositional defiant disorder or, depression ; in primary school, children could be unable to self-regulate emotions and behaviour ; if they get to high school, children may be exposed to drug-using social contexts.

3 0

3 years ago

What would you identify as key milestones

kicyunya [14]

Answer:

A milestone is a marker in a project that signifies a change or stage in development. Milestones are powerful components in project management because they show key events and map forward movement in your project plan. Milestones act as signposts through the course of your project, helping ensure you stay on track.

Explanation:

Hope this helps

-A Helping Friend (mark brainliest pls)

6 0

3 years ago