If you want to compare two different investments what should you calculate

IRINA_888 [86]

Answer:

In the context of the given question, I agree that the Supreme court should uphold the statute.

Explanation:

This is because the state must have identified and analysed the need for such a statute, to lower any illegal trade practices and to come down heavily on vehicle dismantler who do not execute their business lawfully by maintaining proper records and following ethical work practices as deemed to be correct by the law.

Since the owner was found guilty of not recording vehicle dismantling records, holding an official dismantler's license and spare parts, the owner cannot challenge the police forces. Also, I feel the trial court did a wrong judgement by supporting the owner and declaring that the statute is unconstitutional. Whatever has been described here is for the law and order of the state, so there is no need to counteract.

Therefore, the Supreme court should dismiss trial court's verdict and uphold and enforce the statute in the interest of the state and public.

5 0

3 years ago

True or false: The allowance method of accounting for bad debts records the loss from an uncollectible account receivable when i

PSYCHO15rus [73]

Answer:

false

Explanation:

The allowance procedure estimates bad debt expense before an uncollectible account receivable has been purposed to be uncollectible.

7 0

3 years ago

What was involved in the american express bluework program? select one:

serg [7]

The American Express BlueWork Program refers to an employee program that aims to increase productivity through giving employees the opportunity to work using four modes of working that are available in the company: Home, Roam, Club, and Hub. Home refers to employees whose primary method of working is by telecommuting, while Roam refers to employees whose primary working place isn’t based from the office or home, but on client’s premises instead.

Club working styles are provided for employees where they don’t have allocated desks but are instead given the chance to work in different workspaces in the building, while employees who work with a Hub style of working will instead have a dedicated office and work during standard hours. Thus the answer to the question is (A) employees are provided with opportunities for flexible arrangements.

6 0

3 years ago

upton industries has revenues of $42,629, interest expense of $1,230, depreciation of $2,609, cost of goods sold of $23,704, div

igor_vitrenko [27]

Option a) $5075.88 is the addition to the retained earnings

Current profits less any dividends or other payouts to shareholders are a company's retained earnings. Every time an accounting entry is made that has an effect on a revenue or expense account, this sum is modified. A sizable retained profits balance suggests that the corporation is in a secure financial position.

Computing after-tax profit:

(Revenues - Interest cost - Depreciation - Cost of goods sold - Administrative costs) x ( 1 - tax)

= ($42629 - $1,230 - $2,609 - $23,704 - $7,040) x ( 1 - 22%)

= $6,275.88

Retained earnings addition:

= After-tax net profit - Dividends paid

= 6,275.88 - 1,200

= $5,075.88

Hence, option a) is the correct answer

Learn more about retained earnings:

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3 0

1 year ago

During the period, Sanchez Company sold some excess equipment at a loss. The following information was collected from the compan

Mice21 [21]

Answer:

Part 1

Cost of Equipment Sold = $9300

Accumulated Depreciation of Equipment Sold = $ 1100

Cash received from Sale = $5300

Part 2

Net Cash Flows from Operating Activities

Add Back (Positive) to Operating Profit for the year : Loss on sale of equipment $ 2900

Part 3

Net Cash flows from Investing Activities

Add (Positive) Proceeds from Sale of Equipment $ 5300

Explanation:

Part 1

Cost of Equipment Sold:

The figure is obtained from Equipment At Cost Account.

Open the Account as follows:

Beginning Balance $ 20300 (debit), Ending Equipment $ 11000, Balancing figure $ 9300 (20300-11000) is the cost of equipment sold.

Accumulated Depreciation of Equipment Sold

The figure is obtained from Accumulated Depreciation.

Open the Account as follows:

Beginning Balance $ 1980 (credit), Profit and loss - Depreciation $ 870 (credit), Ending Balance $ 1750 (debit), Balancing figure $ 1100 (1980+870-1750) is the Accumulated Depreciation on Equipment Sold

Cash Received on Sale

This figure is figure is obtained from Equipment Disposal Account.

Open the Account as follows:

Cost of Equipment Sold $ 9300 (debit), Accumulated depreciation on equipment sold $1100(credit),Loss on Sale of Equipment $2900(credit),the Balancing figure $5300 (9300-1100-2900)

Part 2

Loss on sale of Equipment is the only Income Statement Item affecting the Operating Activity of the Cash Flow Statement.

Add back to Operating profit since this is a non-cash item and was initially deducted in the calculation of Operating Profit.

Part 3

Sale of Equipment results in Cash Inflow and affects the Cash Flows from Investing Activities Section of Cash Flow Statement.

Hence a positive amount should be added to reflect this inflow.

4 0

4 years ago