Answer:
1. Cash in hand and at bank balance
2. Is there land and buildings available
3. Are there any accumulated debt owed by the church
4. Collections or record of church document.
Explanation:
1. Cash in hand and at bank balance. This an example of a current asset. The first question is how much does the church have as cash and bank balance. The reason is to ascertain whether the fund will be sufficient for the new building project.
2. Land and Buildings availability. This is a fixed asset. The board would enquire whether there is an already existing building or land with which to begin the building project.
3. Debt or loan owed by the church. Loan forms part of liability in a balance sheet. Another question to be asked is whether the church is indebted to a bank or financial institution. This will determine whether or not to continue with the building project.
4. Record of church document. Does the church have any existing document with which to support the new building? This is pertinent as to begin or abandon the plan to build a new church.
A public school teacher most likely to have a pension plan.
<h3>What does a pension plan mean?</h3>
A pension plan is a type of employee benefits program created or maintained by an employer, an employee group (such a union), or both that offers retirement income or postpones income until the end of the covered employment period or beyond.
An employer must contribute to a fund that is set aside for a worker's future benefit in order to participate in a pension plan. When the worker retires, the earnings from the investments will provide income for the worker. The pool of cash is invested on the employee's behalf. In the U.S. private sector, traditional pension plans are getting harder to find.
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Answer:
Net Income = $593,560
Explanation:
Cost of Goods Sold=sales unit × cost of sales per unit
= $23 × 50,180 = $1,154,140
Income statement December 31,2017
Particular Amount($)
Sales 2,273,600
Less:-Cost of goods sold (1,154,140)
Gross Profit 1,119,460
Less-Selling and Administrative Expenses (3,019,00)
Income from Operation 817,560
Less-Estimated Interest (10,000)
Income before Taxes 807,560
Less-Income Taxes (214,000)
Net Income 593,560
Answer: B. Tabitha figures that the additional benefit of having her own booth ( as opposed to sharing) is at least $300.
Explanation:
When Tabitha moved booths, she began to pay $450 per month. The difference between this cost and the cost she was previously paying is:
= 450 - 150
= $300
If Tabitha is paying $300 extra, it must mean that the benefit she is getting from being in her own booth is at least $300 because that would be the only way she would not be making a loss. Were the benefits anything less than $300, she would be making a loss and it would not make any sense for her to continue renting the booth.
Answer:
b. the secondary market.
Explanation:
The secondary market is the market in which the securities are offered and sold which are previously issued by the company. No new securities are to be offered to the investors this case refer to the primary market in which the initial public offer is made i.e. new securities are offered to the general public
Therefore in the given case, the correct option is b. the secondary market
