Answer:
Increase
The accounts receivable asset shows how much money customers who bought products on credit still owe the business; this asset is a promise of cash that the business will receive. Cash doesn’t increase until the business collects money from its customers.
Answer:
Ice, liquid water, and water vapor differ in the arrangement and motion of water molecules
Explanation:
Answer:
The Elston's stockholders' equity on December 31, 2014 is $550,000
Explanation:
For computing the stockholder equity, first, we have to find out the ending retained earning balance which equals to
= Beginning retained earning balance + Net income - dividend paid
= $375,000 + $75,000 - $50,000
= $400,000
where,
Net income = Service revenue - operating expenses
= $700,000 - $625,000
= $75,000
Now the stockholder equity equals to
= Common stock + ending balance of retained earning
= $150,000 + $400,000
= $550,000
Answer: Relative scarcity could be described as that where the resources are limited in supply for a short while, due to manufacturing or supply challenges.
Absolute scarcity could he described as where supply is naturally limited. No possibility of the supply increasing.
Explanation:
Relative scarcity could be described as that where the resources are limited in supply for a short while, due to manufacturing or supply challenges.
Absolute scarcity could he described as where supply is naturally limited. No possibility of the supply increasing.
In relative scarcity, there is a probability of the supply to be made available later while in absolute, there is no possibility of it happening.
Answer:
correct option is $37 million
Explanation:
given data
net operating loss = $74 million
pretax accounting and taxable income = $210 million
income tax rate = 38%
reducing the rate = 27%
to find out
Fama's income tax payable for the current
solution
we know here net taxable income that is express as
net taxable income = pretax accounting and taxable income - net operating loss ...................1
put here value we get
net taxable income = 210000 - 74000
net taxable income = $136000
and tax is here = 27 % of $136000
tax = 0.27 × $136000
tax = $36720 = 37000
So correct option is $37 million
