No, the estate of monique chablis does not required to file the income tax return.
Given that the income of monique chablis is $390.
We are required to find whether monique chablis is required to file the income tax return or not.
No, the estate of monique chablis is not required to file the income tax return because the income is less than $600.
Income tax is a direct tax paid by income earners to government.
Income tax return is nothing but the annual record of your income.
The person whose income exceeds the limit has to file income tax return and the limit is decided by the government.
Hence it is said that the estate of monique chablis not required to file income tax return.
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Answer:
Only the fourth statement is correct
Explanation:
The first statement is wrong as stock price can be worth less than its book or par value depending on the performance of the company from which the stock price derives its value.
The second statement is also not correct as convertibility implies that holders of preference shares or bonds are able to convert their holdings into a known quantity of common stock in the future not the other way round.
Dividend payments are fixed for only preferred stockholders,common stockholders are exposed to variable dividend payments which dependent on the performance of the company and the also the company's need for cash.
Limited liability is a protective provision as it aids corporation in raising funds as the investors are certain that their liability in case of the company in the event of the going bankrupt is limited to the amount invested in the company unlike sole proprietorship that could be made to pay debts from private pockets
Answer:
Commoditization
Explanation:
This is known as commoditization. Commoditization can be defined as a a process whereby goods and services can no longer be distinguished from similar offerings that is being made by a rival company. In a particular category such goods are so alike that for you to find the difference between them, you do so via the price tags
Answer: $70,000
Explanation: Add ending + Beginning
Answer:
Option (b) is correct.
Explanation:
Given that,
Annual operating cash flow = $50,500
Net working capital = $4,150
Equipment will have a book value = $4,580
Salvage value = $5,610
Gain on disposal:
= Salvage value of plant - Book value on the date of sale
= $5,610 - $4,580
= $1,030
Tax on disposal:
= Gain on disposal × Tax rate
= $1,030 × 35%
= $360.50
After tax salvage value:
= Salvage value of plant - Tax on disposal
= $5,610 - $360.50
= $5,250 (Approx)
Year 4 cash flow:
= Annual operating cash flow + Net working capital + After tax salvage value
= $50,500 + $4,150 + $5,250
= $59,900
