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ValentinkaMS [17]
3 years ago
11

Free market economies distribute goods and services than command economies.

Business
1 answer:
g100num [7]3 years ago
7 0
It's mostly based on the scarcity of the distribution.>>>>:)
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Everal items are omitted from the income statement and cost of goods manufactured statement data for two different companies for
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Assume that the corporate tax rate is 34% and the personal tax rate is 30%. The founders of a newly formed business are debating
miv72 [106K]

Answer:

b. 23.8%

Explanation:

For computing the percentage difference, we have to compute the Pre-tax income of both corporations and the partnership

For corporations:

Pre-tax income = (1 - corporate tax rate) × (1 - personal tax rate)

                         = (1 - 0.34) × (1 - 0.30)

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For partnership:

Pre-tax income = (1 - personal tax rate)

                         =  (1 - 0.30)

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5 0
3 years ago
Cash $38,600 Short-term investments 9,000 Accounts receivable 40,000 Inventory 240,000 Prepaid expenses 17,400 Accounts payable
ZanzabumX [31]

Answer:

Current ratio and Acid-test ratio (3.15 and 0.80)

Explanation:

Note: The missing part of the question is <em>"Using the following year-end information for Bauman, LLC, calculate the current ratio and acid-test ratio:</em>"

i. Current ratio = Current assets/Current liabilities

Current assets = 38,600 + 9,000 + 40,000 + 240,000 + 17,400

Current assets = $345,000

Current liabilities= 87,200 + 22,300

Current liabilities = $109,500

Current ratio = $345,000 / $109,500

Current ratio = 3.15

ii. Acid-test ratio = {Current assets - (Inventory + Prepaid expenses)}/Current liabilities

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Acid-test ratio = 87,600 / 109,500

Acid-test ratio = 0.80

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3 years ago
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