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3 years ago

jason works for a restaurant that serves only organic, local produce. what trend is this buisness following

Business

1 answer:

Ksivusya [100]3 years ago

8 0

He's business is going for a healthy more eco-friendly restaurant or Green Business is what he works for. if that helps

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Exercise 4-8 (part level submission) plevin company ended its fiscal year on july 31, 2017. the company’s adjusted trial balance

Lostsunrise [7]

Service Revenue.................................65000

Rent Revenue..........................................6000

To Income Summary.....................................................71000

Income Summary..........................78900

To Depreciation Expense..............................................7000

To Salaries Expense.......................................................56400

To Utilitites Expense.........................................................15500

Retained Earnings.....................................................................7900

To Income Summary...............................................................................7900

6 0

3 years ago

Read 2 more answers

Hart, an individual, bought an asset for $500,000 and has claimed $100,000 of depreciation deductions against the asset. Hart ha

katen-ka-za [31]

Answer and Explanation:

The computation is shown below:

a. The amount and the character of the gain or loss is

Sale value of the property $550,000

Less: (Purchase value - depreciation) $400,000

Total gain recognized $150,000

Ordinary income recapture is $100,000

remaining 1231 gain or loss $50,000

Section 1231 Gain = $50,000

, Rate of tax on $100,000 i.e. 32% = $32000

Rate of tax on $50000 i.e. 15% = $7500

So,

The Total tax liability is

= $32,000 + $7,500

= $39,500

5 0

3 years ago

If a consumer requests additional information concerning an investigative consumer report, how long does the insurer or reportin

pentagon [3]

The correct answer to this question is:

“5 days”

<span>Under the Fair Credit Reporting Act (FCRA), consumers should be advised that they have a right to request further information regarding Investigative Consumer Reports, and the insurer or reporting agency has 5 days to present the consumer with the additional information.</span>

4 0

3 years ago

Packard Corporation reports the following information: Net cash provided by operating activities $335,000 Average current liabil

Molodets [167]

Answer:

$165,000

Explanation:

Free cash flow is the net cash cash flow available for the shareholders or for the reinvestment after paying all capital expenditure.

The Depreciation is already adjusted in the Cash Flow from operating activities.

Free Cash Flow = Cash Flow from operating activities - Dividend payment - Capital expenditure

Free Cash Flow = $335,000 - $60,000 - $110,000 = $165,000

Current and Long term liabilities has nothing to do in free cash flow calculations.

4 0

3 years ago

Given your understanding of cash flow, financial statements, ratio analysis and time value of money, provide an example of why t

Alla [95]

Answer:

The best example I can think of that would integrate all of these concepts is when a business is looking to finance some sort of project and they are seeking financing either through the issuance of bonds or a loan from a bank. Some of the concepts would be important to both parties, while others would be more important to one than the other.

Cash Flow

This would be important to both parties. The business, to make sure they have enough cash flow to pay for the financing. And the financiers, for the same reason.

Ratio Analysis

This would be important to both parties for the same reason as above. Especially the "current ratio" (current assets / current liabilities) and the "working capital" ratio (current assets - current liabilities).

Financial Statements

This would be of most importance to the financiers. They would want to see the total picture of a company's financial strength.

Time Value of Money

This would be of most importance to the company itself. They would want to know if the project was worth the total amount they would be paying on the bonds or the loan

5 0

3 years ago