Sonic corporation, founded as Sonic drive-In and more generally called Sonic "The force-In," is an American power-in speedy meals restaurant chain owned with the aid of inspire manufacturers, the discern employer of Arby's and Buffalo Wild Wings.
The agency, based by way of Troy N. Smith Sr. (1922–2009), opened its first location in 1953, below the name top Hat drive-In. Initially, a stroll up root beer stand out of doors a log cabin steakhouse selling soda, hamburgers, and hotdogs; Sonic, presently has three,549 locations inside the united states.
The employer's core products include the "Chili Cheese Coney", "Sonic Cheeseburger combo", "Sonic Blasts", "master Shakes", and "Wacky p.c. youngsters food." The organization also has a breakfast menu. although Sonic has operated because the early 1950s, Sonic Corp. incorporated in Delaware in 1990. It has its company headquarters in Oklahoma city; the headquarters building features a dine-in Sonic eating place in an adjacent building. prior to its acquisition by way of encourage manufacturers, its inventory traded on NASDAQ with the symbol SONC. Most eating places are owned and operated with the aid of franchisees. Total 2016 sales were around $100 million with internet profits of $18 million.
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Answer:
$96,000
Explanation:
Total cash received during the period = beginning cash + cash received - ending cash
$38,000 + $74,000 - $16,000 = $96,000
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A person with a total tax liability of $4,350 and withholding of federal taxes of $3,975 would <u>owe $375</u>.
Legal responsibility is something a person or agency owes, commonly a sum of money. Liabilities are settled through the years thru the switch of economic benefits along with cash, items, or offerings.
Liability is described because the kingdom of being answerable for something or something that someone is liable for. An instance of legal responsibility is someone having to pay again scholar loans. An instance of liability is payment for an automobile twist of fate.
Belongings are the gadgets your business enterprise owns which can provide future monetary benefit. Liabilities are what you owe other parties. In quick, assets positioned to cash in your pocket, and liabilities take cash out!
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