Answer:
Net income is $162,470
Operating cash flow is $280,470
Explanation:
The company net income can be computed thus:
Sales revenue $1,190.000
less:
Cost of goods sold ($588,000)
gross profit $602,000
selling expenses ($241,000)
depreciation ($118,000)
EBIT $243,000
Interest($800,000*4%) ($32,000)
EBT $211,000
Tax at 23% ($48530
)
Net income $162,470
Besides the operating cash flow is net income plus depreciation
$162,470+$118,000=$280,470
Answer:
C
Explanation:
Different economic systems were created in the past to solve different issues/problems in separate conditions from other countries
Answer:
Sale - November 10
<u>Cost of Sales</u>
= 48 units × $99
= $4,752
<u>Inventory Balance</u>
=25 units × $99
=$2,475
Sale - November 15
<u>Cost of Sales</u>
=53 units × $105
= $5,565
<u>Inventory Balance</u>
40 units × $105 = $4,200
25 units × $99 = $ 2,475
Total = $6,675
Sale - November 24
<u>Cost of Sales</u>
= 13 units × $105
= $ 1,365
<u>Inventory Balance</u>
27 units × $105 = $ 2,835
25 units × $99 = $ 2,475
Total = $5,310
Explanation:
LIFO Inventory System sells the Recently Acquired Inventory First followed By Older Inventory Acquired.
Answer:
The correct answer to the following question is option B) decrease.
Explanation:
Regressive tax is that of tax which is imposed in such manner that when the income level in the economy increases , the average tax rate would decrease. This type of tax has heavy burden on the low income people as it takes high proportion of their income. So it can be said here that there is an inverse relationship between tax payer's ability to pay ( which can be measured in income , assets or consumption) and the tax rates imposed.
Answer:
D) every company is trying to implement them and hence it does not make a company different from others
Explanation:
The problem when something too popular, is that everybody is doing the same thing. This applies to individuals, businesses and even governments.
Total quality, benchmarking and reengineering were seen as complete and radical innovations during the 1980s and 1990s, and back then they really made a difference. The problem is that every company is trying to do the same now, and what makes a company successful is being different and working better than the rest.