4 pressures to your income (financial)

7. The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $1.87 million, and the 2018 balance sheet show

irina1246 [14]

Answer:

The firm's cash flow to creditors during 2018 was –$85,000

Explanation:

The firms cash flow to creditors would be calculating by substracting the interest expense of the firm to the long-term debt taken during the period.

Cash flow to creditors = Interest expense – Net new LTD borrowing

Cash flow to creditors = Interest expense – (LTDend – LTDbeg)

Cash flow to creditors = $255,000 – ($2,210,000 – 1,870,000)

Cash flow to creditors = –$85,000

6 0

3 years ago

A market gap is which of the following?

nlexa [21]

Answer:

b

Explanation:

.......................................

5 0

3 years ago

What proposed changes were made to boost the chinese economy that caused mao to launch the oppressive cultural revolution? choos

klasskru [66]

The changes that were proposed to made to improve the Chinese economy that caused Mao to launch the oppressive Cultural Revolution are-

It allows workers to compete for wages
It prosecutes government officials
It allows farmers to sell excess crops

<h3>What is Cultural Revolution?</h3>

The start of the Cultural Revolution by Mao Zedong As Mao attempted to regain control by mobilizing radical youngsters against the Communist Party leadership, the campaign was fundamentally about upper economics.

These help workers compete for their wages for the work they did. It gives farmers to sell their excess crops and prosecutes the government officials.

Learn more about Cultural Revolution, here:

brainly.com/question/10693549

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6 0

1 year ago

What effect do rising input costs have on the price of a good.

Genrish500 [490]

Answer:

Explanation:

Inputs are the factors required for production to take place. They may include labor and raw materials. In economics, inputs are the four factors of production that include land, labor, entrepreneurship, and capital.

The final cost of a product is dependent on the costs of production. The cost of production is an aggregation of the cost of each input used in the production. For a company to stay in operation, it must meet all its production costs. These costs are spread to each unit produced. A high production cost will result in an expensive product. Should the cost of any of the input increase, then the overall cost of the products will rise.

4 0

3 years ago

Jeremy earned $100,000 in salary and $6,000 in interest income during the year. Jeremy’s employer withheld $11,000 of federal in

Alenkinab [10]

Answer:

Answer is explained below.

Explanation:

Description Amount Computation

(1)Gross Income $106,000 $100,000 Salary+ $6000 Interest income

(2)For AGI Deductions 0

(3)Adjusted Gross Income $106,000 (1) - (2)

(4)Standard Deduction $18350 Head of Household

(5)Itemized deductions $7,000

(6)Greater of standard deduction ($18350) (5)<(4)

and itemized deductions

(7)Taxable Income $87650 (3) + (6)

(8)Income Tax liability $13,790 ($87,650 -$84,200)×24%+$12,962(See tax rate schedule for head of household)

(9)Child Tax credit ($2000)

(10)Tax withholding ($11000)

Income Tax liability $790 (8) + (9) + (10)

4 0

3 years ago

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