Answer:Delivered price=$1,814
Explanation:
List Price = $4,000
Trade discount = 55%
Price after discount = $4,000 - 55% x $4000
$4000- $2,200 = $1,800
if Levin pays within 10 days he will have a discount of 2 %, which he did
Therefore 2% x $1800 = $36
Delivered price = $1800 -$36+ freight charges ( shipping)
$1800 -$36 + $50=$1814
Answer:
C. The company will recognize $5000 of revenue in year 1 and $5000 of cash flow from operation in year 2
Explanation:
As, the company is using accrual based accounting, that means that if the services are rendered the company needs to record the revenue regardless of the company is getting cash or not. So, in year 1 the company provided $5000 of services. The company will record $5000 of revenue in its income statement in year 1. But the thing is, company is not getting cash in year 1. Guadalupe is getting cash in year 2. company record the inflow and outflow of cash in cash flow statement when there is actually the cash transaction involved.
Cash inflow in year 2. so, $5000 of cash flow from operation in year 2.
Answer:
Results are below.
Explanation:
<u>First, we will determine the net income for tax purposes:</u>
Sales= 800,000
Expenses other than depreciation= (350,000)
Gross profit= 450,000
Depreciation= (200,000)
EBT= 250,000
Tax= (250,000*0.34)= (85,000)
Depreciation= 200,000
Net income= 365,000
<u>Now, for reporting purposes:</u>
Gross profit= 450,000
Depreciation= (130,000)
EBT= 320,000
Tax= (320,000*0.34)= (108,800)
Depreciation= 130,000
Net income= 341,200
The advantage of administering personality tests on employees is that it will allow the employer to know the mindset and personality of the employee. This will allow the employer to at least have an idea as to how the employee works and how his attitude in the workplace. The disadvantage is that it may make the employee a little anxious as to whether he would meet the personality requirements of the employer and whether he would be able to retain the job or not.
I think cause you know yourself better than everyone else and you know what you can and can’t do and everyone should be able to have their own opinions on things :))
