Answer:
Answer:
I realized that sports is my thing, although I'm not that athletic. I always have a blast whenever I'm engaging in sports. I also like watching it on television.
I fell in love with sports because exercise is good for our health. Engaging in sports also help improve my mood and boost my energy.
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Answer:
Consider the following explanation
Explanation:
To enter in the foreign market , any enterprises needs research and solid foundation to built a customer base for future. As given in the case Expanding the number of stores in a foreign market, such as the expansion plan launched by Starbucks in China (announced in 2018), is a major capital budgeting project. A project of this scale requires coordinated planning across all functions of a business .
Following are the items on the income statement and balance sheet that, this new undertaking will effect:
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<u>Materiality:</u> it's a principle which states that the financial statements of a business should fully disclose all transactions that the business made.
<h3>What is GAAP?</h3>
GAAP is an abbreviation for Generally Accepted Accounting Principles and it comprises the financial accounting standards, procedures and principles that must be used by all public institutions operating in the United States of America.
Additionally, <u>GAAP</u> is the stock market regulator. Also, <u>conservatism</u> is a principle that involves exercising caution while estimating expenses or profits.
In conclusion, financial accounting standards board (FASB) is the body that established Generally Accepted Accounting Principles (GAAP).
Read more on GAAP here: brainly.com/question/16014008
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Answer:
Option (a) is correct.
Explanation:
Given that,
Annual revenues = $137,800,
variable costs = $82,600
Fixed costs = $11,000
Annual depreciation = $23,500
Tax rate = 34 percent
Annual Income before Taxes:
= Annual revenues - Variable cost - Fixed Costs - Depreciation
= $137,800 - $82,600 - $11,000 - $23,500
= $20,700
Net income:
= Annual Income before Taxes × ( 1 - T)
= $20,700 × 0.66
= $13,662
Annual operating cash flow:
= Net income + Depreciation
= $13,662 + $ 23,500
= $37,162
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