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3 years ago

When you friend sells your car to make money, he is using it as a

Business

1 answer:

Bess [88]3 years ago

6 0

Maybe for comission?

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If you get equity funding for your business, what will you have to do?

cestrela7 [59]

Answer:

A pay back the investors with interest I believe

5 0

2 years ago

Ribosomal subunits are manufactured by the _____.

e-lub [12.9K]

Proteins.............

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3 years ago

A The management of Gresa Inc. is reevaluating the appropriateness of using its present inventory cost flow method, which is ave

Zepler [3.9K]

Answer:

Gresa Inc.

Comparative Condensed Income Statements for 2017

under FIFO and LIFO.

FIFO LIFO

Sales 1176450 1176450

Cost Of Goods Sold 660,400 657, 200

Gross Profit 516050 539,500

Operating Expense $ 150,000 $ 150,000

Income before Tax $ 366,050 $ 389500

Income Tax (30%) $ 109815 $ 116850

Net Income $ 256235 $272650

Working :

Fifo Cost of Goods Sold= $ 10,000 + $168,000 + $ 150,000+ 156,000 + 176,400= 

Lifo Cost of Goods Sold= $ 224,000 + 156,000+ $ 150,000+127,200

Purchases were made quarterly as follows.

Quarter Units Unit Cost Total Cost

1 70,000 $2.40 $168,000

2 60,000 2.50 150,000

3 60,000 2.60 156,000

4 80,000 2.80 224,000

270,000 $698,000

Inventories Beginning (5,000 units) $10,000

Total net sales (253,000 units) $1,176,450

Ending (22,000 units)

Total cost of goods purchased (270,000 units) 698,000

3 0

3 years ago

The market price of Friden Company's common stock increased from $15 to $18. Earnings per share of common stock remained unchang

WINSTONCH [101]

Answer: Option (C) is correct.

Explanation:

Given that,

Old market price of stock = $15

New market price of stock = $18

Here, we assume that EPS be $5.

So,

Price-earning ratio at old price = $\frac{Market\ Price}{EPS}$

= $\frac{15}{5}$

= 3

Price-earning ratio at New price = $\frac{Market\ Price}{EPS}$

= $\frac{18}{5}$

= 3.6

Hence, price-earnings ratio increases.

7 0

3 years ago

Bali Inc. reported $605,800 net income before tax on this yearâ€™s financial statements prepared in accordance with GAAP. The co

kodGreya [7K]

Answer:

$669,950

Explanation:

Computation of taxable income

Bali’s net book income before tax$605,800 Excess of book over tax depreciation25,600

Book gain on equipment sale$(23,000)

(53,000-27,400)

Tax gain on equipment sale38,000 15,000

(23,000-38,000=15,000)

Nondeductible loss on sale to related party 23,550

(75,000-51,450)

Taxable income$669,950

(605,800+25,600+15,000+23,550)

Therefore the taxable income will be $669,950

4 0

3 years ago