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3 years ago

list some financial information you'd like to learn about and why is it important for building your financial future?

Business

1 answer:

Katyanochek1 [597]3 years ago

7 0

Answer:

Firstly, I would like to decide I want to be self-employed or go for a job. Then I will find the plus point of each of the above. I will find in deep the benefits, and then decide which to choose. However, my interest will be the first thing to think of while selecting one out of the two. Then I will find what type of loans can I get, or how to find the investors if I opt for self-employment and hence business, And then I will decide which type of business to start like as a sole proprietor or public-private or various others. Then I will find the tax-related details. Also what tax benefits I will be getting if I opt for a job or self-employment. Thus, I now end up with all important financial details, however, I will also study a nit of accounts if I opt for self-employment.

All the above are important for building a financial future as without this information we cannot complete our financial activities, Like if we do not have the tax information, we will not be able to fill our taxes properly no matter we are self-employed or doing a job. Also for self-employment and our own business, we need investment, and for that, we need to find out the investors, Also we need to find out the loans that are available to us as then only we will be able to arrange money when required. And we need to know what is right for us, self-employment or a job.

Explanation:

Please check the answer.

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Last year Attic charged $2,334,667 Depreciation on the Income Statement of Andrews. If early this year Attic purchased a new dep

olga nikolaevna [1]

Answer:

Note: The correct option is a. Increase Net Cash from operations.

Explanation:

Note: This question is not complete as the options are omitted. The options are therefore provided to complete the question before answering the question as follows:

a. Increase Net Cash from operations

b. Decrease Net Cash from operations on the Cash Flow Statement

c. No impact on Net Cash from operations

d. Just impact the Balance Sheet

The explanation of the answers is now provided as follows:

Since the assets was purchased early in the year, depreciation will be charged on it in the income statement for the year at the end of the year. Since depreciation is a non-cash item, it will added back to the net income in the indirect Cash Flow Statement method as one of the adjustments to the net income under the Cash from operations. This adding back of the depreciation will therefore lead to an Increase Net Cash from operations.

Therefore, the correct option is a. Increase Net Cash from operations.

6 0

2 years ago

How to do presentation

Tatiana [17]

Explanation:

You can go to Microsoft words or Power point..

These can help you type your presentation or if on phone you can go to normal Notes app or word app....

I hope this helps you

3 0

2 years ago

Which economic indicator measures inactivity rather than activity ?

Reil [10]

B, unemployment rate.

5 0

3 years ago

On May 1, 20X2, Bolt Corp. issued 11% bonds in the face amount of $1,000,000 that mature on May 1, 20X12. The bonds were issued

TiliK225 [7]

Answer:

B) 60,100

Explanation:

Since months have passed between the bond issuance and October 31. The amortization of the premium received depends on the amount of interest recognized. When the effective interest method is used, interest expense is based on the yield rate and the beginning book value.

interest expense = ($1,000,000 + $62,000) x 10% x 6/12 = $53,100

interest payable = $1,000,000 x 11% x 6/12 = $55,000

the difference (bond premium) = $55,000 - $53,100 = $1,900

unamortized bond premium = $62,000 - $1,900 = $60,100

4 0

3 years ago

A company reported the following financial information: Taxable income for current year $120,000 Deferred income tax liability,

Inessa05 [86]

Answer:

$41,000

Explanation:

Calculation to determine The current-year's income tax expense amount

First step is to calculate the current tax expense

Current tax expense=$120,000 taxable income × 35% tax rate

Current tax expense=$42,000

Second step is to calculate the deferred income tax liability increased

Deferred income tax liability=$55,000-$50,000

Deferred income tax liability=$5,000

Third step is to calculate the deferred income tax asset increased

Deferred income tax asset=$16,000-$10,000

Deferred income tax asset=$6,000

Now let calculate the current year's income tax expense

Current year's income tax expense = $42,000 + $5,000 - $6,000

Current year's income tax expense=$41,000

Therefore Current year's income tax expense is $41,000

3 0

3 years ago

list some financial information you'd like to learn about and why is it important for building your financial future?​

list some financial information you'd like to learn about and why is it important for building your financial future?