Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
The cash flows from operating activities for 2018 is $99,000.
Explanation:
Westfall Industries
Statement of cash flows (extract)
Net income $81,000
Add Loss on the sale of land 4,000
Depreciation expense 8,000
Decrease in current asset 2,000
Increase in current liabilities 4,000
Cash flows from operating activities $99,000
- Decrease in current assets was arrived at by comparing the closing balance of $48,000 to the opening balance of $50,000.
- Increase in current liabilities was arrived at by comparing the closing balance of $40,000 to the opening balance of $36,000.
Answer:
The correct answers are letters "C" and "D": Jane's Schedule C net profit; Qualified Publicly Traded Partnership (PTP) income.
Explanation:
The Qualified Business Income Deduction or QBI allows up to 20% of deductions for people who file small businesses taxes in personal statements. The rule mainly applies to all those activities developed in a sole proprietorship. Capital gains, losses, dividends, and interest are not eligible for this type of deductions. A schedule C (form 1040) or a qualified Publicly Traded Partnership (PTP) income can be subject to this deduction.
"Informational" appeals help consumers make purchase decisions by offering factual information that encourages consumers to evaluate the brand favorably on the basis of the key benefits it provides.
<h3>What is informal appeals?</h3>
A corporate message typically substitutes data and figures for a main notion. A business message should make sure to properly state any significant dates, locations, times, etc.
The powerful business report can be written as-
- Business reports always are formally presented, impartial, and thoroughly researched. If the study focused on a specific issue or analyzes the actual quality of a whole organization, every data must be accurate and reliable.
- A business report must be objective, therefore stay away from stating to the reader how and where to feel in your descriptions.
- Let the sales statistics speak for itself, rather than saying something like "Sales were bad last quarter," if last quarter's sales were down. Person pronouns, such as "I believe we should invest that money," should also be avoided.
- A business report must to be objective and presented from the viewpoint of the company.
To know more about parts of a business report, here
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