Answer:
E. They will receive several tax deductions
Explanation:
Certain "reasonable and necessary" adoption related expenses are quantifiable for tax deductions, such as:
- Court costs
- Attorney's fees
- Traveling expenses related to the adoption
- Certain other costs directly related to the adoption process
Answer:
Sarbanes Oxley act of 2002 is law of United States passed on 30th July 2002. This act helps to protect investor from fraudulent financial reporting by organizations. The act requires all companies to include report on their internal controls in the Financial reports.
Explanation:
The section 302 of the act directs the Securities and Exchange Commission to adopt rules to adopt financial officer who certify company's annual, interim and quarterly financial reports. The main purpose is to minimize any chance of intentional frauds or deceive investors. The officers review financial reports of the company and certify that these reports does not cover any significant wrong statement, Financial statements of the company are fairly presented based on the knowledge of the officer. He is also responsible to review the report of internal controls of the company to ensure that there is no weakness in controls which can lead to frauds in the organization.
<span>given:
cash on hand at year-end=$201000
negative cash flow = $ 144000
solutions:
Monthly cash expenses =negative cash flow
=144000/12=12000
ratio of cash to monthly cash expenses=cash on hand at year-end /Monthly cash expenses
= 201,000/12000=16.75=16.80(approx)
ratio of cash to monthly cash expenses=16.8 months</span>
Answer: Destination contract
Explanation: The contract is described as a destination contract. A destination contract is one in which the risk of loss is on the seller until completion of his delivery obligations under the destination contract. Should the goods be destroyed or damaged while in transit, the seller bears the risk of loss. However, the seller is no longer liable after the goods have been safely delivered at the buyer's destination. Common ways to spot a destination contract include: a) FOB (Free on Board): when delivery term in the contract states "F.O.B Colorado". b) Ex Ship c) No arrival, no sale...
The transactions in a destination contract is governed by the Uniform Commercial Code (UCC).
Answer: Company’s break-even point in unit sales is <em><u>3900 units</u></em>
Explanation:
Given :
Selling Price (SP) = $ 15.70
Variable expense per unit (VC) = $10.30
Fixed expense = $21,060
Now,
Contribution per unit = SP - VC = $15.70 - $10.30 = $5.40
Break-even point in unit sales is given as :
= 
= 21060/5.40
=3900 units
