I would say perhaps such capital would likely be non-refundable which would have to be balanced with the knowledge that since it is a franchise then it is likely that it would be a business that iswell known and well established ie with a good name and good products so that would increase chances of success given a hard working, industrious franchisee and a good location, presuming that the franchisor will help with the setting up of the business.
- The district court will first determine if there is a conflict between state and federal law with regard to the matter at hand before deciding whether to apply state or federal law.
- If there is a contradiction between the appropriate state and federal laws, the district court must determine whether a valid federal statute or Federal Rule addresses the contested matter.
- If there is no applicable federal act or regulation, the court must decide whether federal common law or state law should be applied.
- When a "uniquely federal interest" is at risk and a considerable conflict arises between that interest and the operation of state law, the Supreme Court has also acknowledged the application of federal common law.
<h3>Federal district court took decision -</h3>
- If there are significant, overriding federal interests at stake that require the application of federal law, a federal court may still apply federal common law.
- Such federal interests are evident in this case, as was previously discussed.
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Answer:
The operating cash flow is $403.
Explanation:
Since the firm does not have interest expenses, proceed as follows:
Earning before interest and tax (EBIT) = Sales - Costs - Depreciation
= $1,240 - $690 - $130
Earning before interest and tax (EBIT) = $420
Taxes paid = EBIT × Tax rate = $420 × 35% = $147
Operating cash flow = EBIT + Depreciation -Taxes paid
= $420 + $130 - $147
Operating cash flow = $403
Therefore, the operating cash flow is $403.
Answer:
Option (A) is correct.
Explanation:
On January 1st,
Total assets = Total liabilities + share holders equity
= 640,000 + 580,000
= 1,220,000
On December 31st,
Total assets = Total liabilities + share holders equity
= 630,000 + 620,000
= 1,250,000
Retained earnings closing = share holders equity increases - common stock issued
= (620,000-580,000) - 10,000
= 40,000 - 10,000
= 30,000
Retained earnings closing = Net income - Dividend declared
30,000 = $45,000 - Dividend declared
Dividend declared = $45,000 - $30,000
= $15,000
