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3 years ago

True or false

Business

1 answer:

algol133 years ago

6 0

Answer: True

Explanation:

All companies must be liable because of the certain risk factors there are in the certain job.

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Which of these is true about the cash cow?

laiz [17]

Answer:

Explanation:

Cash cow relates to a company investment in a low growth market with a high market share.....

5 0

3 years ago

Bedford had this info at the end of 2015, its first year of operations: No other permanent or temporary differences exist. The l

Alex73 [517]

Answer: $150,000

Explanation:

Seeing as the litigation expense will only be paid in 2018, it should be added back to income for 2015.

= 900,000 + 100,000

= $1,000,000

As the depreciation will reverse evenly over the next three years and with future income probable, it should be removed from income.;

= 1,000,000 - 300,000

= $700,000

Municipal Bonds have the advantage of being Tax-exempt so their interest income should be removed to calculate how much tax should be paid.

= 700,000 - 200,000

= $500,000

2015 Income Tax Payable = 500,000 * 30%

= $150,000

5 0

4 years ago

Perdue Company purchased equipment on April 1 for $93,420. The equipment was expected to have a useful life of three years, or 7

k0ka [10]

Answer:

The depreciation cost per year is:

Year 1: $16,800

Year 2: $31,200

Year 3: $27,600

Year 4: $15,120

Explanation:

To calculate the depreciation cost for the equipment based on hours used, we must determine the cost per hour:

cost per hour = (purchase cost - salvage value) / expected useful life

cost per hour = ($93,420 - $2,700) / 7,560 hours = $90,720 / 7,560 hours = $12 per hour

The depreciation cost per year is:

Year 1: 1,400 hours x $12 per hour = $16,800

Year 2: 2,600 hours x $12 per hour = $31,200

Year 3: 2,300 hours x $12 per hour = $27,600

Year 4: 1,260 hours x $12 per hour = $15,120

3 0

4 years ago

A company prepares its income statement by listing all sources of revenues and gains at the top, followed by a list of all expen

lapo4ka [179]

Answer:

Single step income statement

Explanation:

The single step income statement is the simplest form in which an income statement is prepared, e.g.

Revenues:

Sales revenues $100
Interest income $20 $120

Expenses:

Rent expense $30
Utilities expense $10
Wages and salaries $60 <u>($100)</u>

Income before taxes $20

Tax expenses <u> ($4.20)</u>

Net income $15.80

A multi-step income statement is more complex, since operating revenues and costs are reported first in order to determine operating income, then other revenues and expenses are introduced and income before taxes is calculated.

8 0

3 years ago

Lauren's salary decreases from $ 37,000 to $ 30,000 . She decides to reduce the number of outfits she purchases each year from 2

nikklg [1K]

Answer:

E=-4.0746

Explanation:

Using the midpoint method, Lauren's income elasticity of demand for new outfits is determined by the change in income multiplied by the average number of outfits, divided by the change in the number of outfits multiplied by the average income:

$E=\frac{\Delta I*O_{avg}}{\Delta O*I_{avg}}\\E=\frac{(37,000-30,000)*\frac{20+19}{2}}{(19-20)*\frac{37,000+30,000}{2}}\\E=-4.0746$

Her income elasticity of demand for new outfits is -4.0746.

8 0

3 years ago