This means that the tax you owe is less than what you paid for your taxes. Another circumstance is when you are entitled to tax credits. IRS stands of Internal Revenue Service. The circumstance in which you might receive a tax refund from the IRS if you have paid more in taxes than you owed for the year.
Food Prices Rise for 4 Reasons
Grocery prices have risen 2-3% each year since 1990. There are four causes of this inflation in world food prices.
First, high gas prices prices lead to higher food prices. Food is transported great distances, especially if imported. That raises shipping costs, which translates into higher food prices. High gas prices are caused by high oil prices cause high gas prices. It usually takes about six weeks for increases in oil futures to translate to the pump.
Oil byproducts are also used to make fertilizer. That contributes 20% of the cost of raising grain. Higher oil prices increase corn, wheat, and soybean cost by 40% between 2001 and 2007.
Second, the U.S. government subsidizes corn production that is used for bio-fuels. This takes corn out of the food supply, raising prices. America now uses 40% of its corn crop to make ethanol. That's up from 6% in 2000. (Source: "Oily Food," The Economist<span> , October 10, 2015)</span>
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The amount of interest you are charged on credit card purchases.
The operating cash flow of kleczka llc. is: 474000
It is calculated as:
Sales 2500000
Less: Cost of Goods Sold -1800000
Gross Profit 700000
Less: Operating Expenses - 300000
Operating Income 400000
Add: Depreciation 200000
Operation Cash Flow 600000
Less Tax (600*21%) 126000
Net Operating Cash Flow 474000
Operating cash flow or OCF is a measure of the amount of cash which is generated by a company's normal business operations.
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