Jamestown's location made it a poor choice for settlement because it _________

South Sea Baubles has the following (incomplete) balance sheet and income statement. BALANCE SHEET AT END OF YEAR (Figures in $

drek231 [11]

Answer:

South Sea Baubles

1. Shareholders' equity in 2015 and 2016 = $300 and $260 respectively.

2. Net working capital in 2015 and 2016 = $25 and $110 respectively.

3. Taxes paid in 2016 = $84.

4. Cash provided by operations during 2016 = $666.

5. South Sea's gross investment in fixed assets = $100 ($105 - $95).

Explanation:

a) Data and Calculations:

BALANCE SHEET AT END OF YEAR (Figures in $ millions)

Assets 2015 2016

Current assets $ 105 $ 215

Net fixed assets 950 1,050

Total assets $1,055 $1,265

Current liabilities $ 80 $ 105

Long-term debt 675 900

Total liabilities $755 $1,005

Shareholders' equity $300 $260

Liabilities and Shareholders' Equity $1,055 $1,265

INCOME STATEMENT, 2016 (Figures in $ millions)

Revenue $ 2,025

Cost of goods sold 1,105

Gross profit $ 920

Depreciation 425

EBIT $495

Interest expense 255

Profit before taxes $240

Income taxes (35%) 84

Net Income $ 156

Cash provided by operations:

Net income = $156

Depreciation 425

Working capital:

Current assets 110

Current liabilities (25)

Net cash $666

8 0

3 years ago

When stimulated by _____, arterioles supplying the digestive system ______, which decreases blood flow to digestive organs.

denis-greek [22]

When stimulated by sympathetic nervous, arterioles supplying the digestive system constrict, which decreases blood flow to digestive organs.

The respiration machine works immediately with the circulatory machine to offer oxygen to the body. Oxygen taken in from the respiration machine movements into blood vessels that then circulate oxygen-wealthy blood to tissues and cells. These consist of arteries consisting of the femoral and coronary arteries. The partitions of those arteries have masses of easy muscle, this means that that they may be capable of settlement or relax (dilate) to extrude the quantity of blood delivered, as needed.

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6 0

7 months ago

Cosy corner plc case study

frosja888 [35]

Answer: https://www.igcsebusiness.co.uk/uploads/2/6/7/8/26787454/organisation_notes_final.pdf

Explanation:

4 0

2 years ago

24. ABC Corp. has a deferred tax asset account with a balance of $75,000 at the end of 2019 due to a single cumulative temporary

nevsk [136]

Answer:

The journal entries to prepare would be as follows:

Debit Credit

Deferred tax asset $5,000

Income tax expense $159,000

Income tax payable $164,000

Debit Credit

Income tax expense $25,000

Valuation Adjustement $25,000

Explanation:

The journal entries to prepare would be as follows:

Debit Credit

Deferred tax asset $5,000

Income tax expense $159,000

Income tax payable $164,000

Deferred tax asset=($400,000*20%)-$75,000

Deferred tax asset=$5,000

Income tax payable=$820,000*20%=$164,000

Income tax expense=$164,000-$5,000=$159,000

Debit Credit

Income tax expense $25,000

Valuation Adjustement $25,000

5 0

3 years ago

Marquis has a gross pay of $816. By how much will his gross pay be reduced if Marquis has the following items withheld? federal

andre [41]

Gross pay is the amount of income before taxes and deductions. The amount by which the gross pay is reduced is $174.66.

<h3>What is gross pay?</h3>

The gross pay is the amount of salary or wages that is before the taxes or other deductions. The expense of tax and deductions are subtracted from the gross pay to calculate the net pay.

The gross pay of Marquis in the given question is $816. His gross pay will be reduced by the taxes to calculate the net pay.

The amount of reduction will be the sum of all the taxes levied such as federal tax, social security tax, and so on.

Therefore the amount by which the gross pay will be reduced is:

$\begin{aligned} \rm Federal\: tax &= \$92\\\\\rm Social\: security\: tax (\$816\times 6.2\%) &= \$50.592\\\\\rm Medicare\:tax (\$816\times 1.45\%) &= \$11.832\\\\\rm \end$

The state tax is calculated as a percentage of federal tax. The state tax is:

$\rm State \:tax (\$92\times 22\%) &= \$20.24\\$

Therefore the total amount of reduction is:

$\rm Total\:amount\:of\:reduction = \$92 + \$\$50.592 + \$11.832 +\$20.24\\\\\rm Total\:amount\:of\:reduction = \$174.664$

Hence, the correct option is d.

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6 0

2 years ago

Jamestown's location made it a poor choice for settlement because it __________.