Answer:
Net Income for the year is $41700
Explanation:
The accounting basis that is generally followed by the businesses is the accrual basis of accounting. The accrual principle states that incomes and expenses should be recorded and recognized in the period to which they relate to rather than in the period where cash is received or paid.
This means that we will record income and expenses related to this year in this year's profit calculation even when we have not received or paid cash for such incomes and expenses.
Thus, net income for this year will be calculated as,
Net Income = Total Sales Revenue - Total expenses
Net income = 113000 - 71300
Net Income = $41700
Answer:
The maximum growth rate to my calculations is 8.32%, since it is closer to option E), I´d choose E) 8.37%
Explanation:
Hi, in order to find the growth rate given all the info of the problem, we need to use the following formula.
Where:
g = growth rate
b=retention ratio
R = return on equity
Since R = Earnings / Equity, and our dividend payout ratio (equals to 1 - b)our fromula changes to:
So, everything should look like this:
So, the growth rate is equal to 8.32% but this option is not available, therefore we´ll go for the closest one, that is E) 8.37%.
Best of luck.
The Log's aim is to aid in the evaluation of devices used in healthcare and other facilities, as well as to highlight issue devices or procedures that require more exposure attention or examination. At a minimum, the sharps injury log must include the kind and brand of device involved in the injury.
The department or work area where the exposure incident happened, and an account of how the incident occurred. keeping track of all needlestick injury, identifying causes of injuries, and preventing future incidences It must not be possible for blood or OPIM to get through to the skin, clothing, eyes, mouth, and so on. Needlesticks and wounds caused by infected sharps.
To learn more about injury, click here.
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Answer: $1644
Explanation:
The corporation's tax basis will be the addition of the tax basis of Tristan and the gain that is recognized on the exchange by Tristan.
Gain realized = 1750 - 1245 = 505
Boot received = 399
The gain recognized on the exchange will the value that's lower between the gain realized which is $505 and the boot received which is $399. Therefore, gain recognized = $399.
The corporation's tax basis will then be:
= Tristan Tax basis + Gain recognized
= 1245 + 399
= 1644
