Answer:
true
Explanation:
it is true about the number of percentage
A friend has earned income from babysitting children in her neighborhood. She earned $15 per hour that she babysat so the income was in the form of an hourly wage.
Answer:
6,000 ordinary gain
Explanation:
The computation of gain or loss is shown below:-
Given that
Worth of an inventory = $60,000
Basic inventory = $42,000
Now if we divide this two by each other so the percentage would be
= $60,000 ÷ $42,000 i.e to be greater than the 120% and it is said that the one third would be considered of $18,000
The $18,000 come from
= $42,000 - $24,000
= $18,000
Now its one third is $6,000 and the same is to be treated as ordinary gain
The free cash flow can be calculated as below:
Revenue 12000000
Less: Expense (8000000)
Less: Depreciation (1500000)
Earnings Before Tax 2500000
Less Tax (750000)
Earnings after tax 1750000
Add Depreciation 1500000
Total Cash Earnings 3250000
Less: Change in Working Capital (500000)
Less : Purchase of Asset (700000)
Free Cash Flow 2050000
Thus Free Cash Flow can be calculated as above.