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3 years ago

Can someone please help me on this

Business

1 answer:

olya-2409 [2.1K]3 years ago

8 0

Answer:

The question that corresponds to this is

Explanation:

Brent called insurance companies and got insurance quotes for the three trucks. Both the 1996 Ford F150 and the 1998 Chevy 1500 were quoted for $250 and the 2000 Toyota Tundra was quoted for $245. To help Brent make his decision gather some more reliable information by using newspapers, or looking at their Web sites, and reviewing consumer magazines and Web sites. Also, look at the manufacturer Web site or www.fueleconomy.gov for information about gas mileage. List the sources you use and include the notes you take from each source.

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6 0

2 years ago

Leila is giving a speech about a new café that recently opened near her college campus. Her audience consists of her fellow clas

Hitman42 [59]

Answer: Discussing about the services and inexpensive items in the menu.

Explanation: In the given case, Leila's target customers are the students in college campus. The college students do not have a lot of money to spend. Therefore, she should inform the audience about the inexpensive items in the menu that they can purchase.

She can also persuade them by telling them the services provided by cafe. The nearness of the cafe from the campus could save time of the students, thus it could be a good point to attract the students.

8 0

3 years ago

The adjusting entry for a prepaid expense includes a debit to a(n) ______ account

ziro4ka [17]

The adjusting entry for a prepaid expense includes a debit to a expense account and a credit to an asset account.

<h3>What is adjusting entry ?</h3>

An adjusting journal entry can be described d as the entry in a company's general ledger which is been carried out at end of an accounting period in order to have the record of any unrecognized income or expenses.

It should be noted that The adjusting entry for a prepaid expense includes a debit to a expense account and a credit to an asset account.

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4 0

2 years ago

In the past year, TVG had revenues of $2.95 million, cost of goods sold of $2.45 million, and depreciation expense of $178,000.

Firdavs [7]

Answer:

3.5

Explanation:

Computation for the firm’s times interest earned ratio

Revenues$ 2.95 million

Cost of goods sold$ 2.45 million

Depreciation expense$ 178,000.00

Book values of Debt outstanding$ 1.15 million

Interest rate8.00

First step is to calculate for the EBIT

Using this formula

EBIT= Revenues -(Cost of goods sold +Depreciation expense$ 178,000.00)

EBIT=$2,950,000-($2,450,000+$178,000)

EBIT=$2,950,000- $2,628,000

EBIT=$322,000

Second step is to find the Interest

Using this formula

Interest =Debt outstanding with book value ×Interest rate

Let plug in the formula

Interest =$1,150,000×8%

Interest =$92,000

Now let find the firm’s times interest earned ratio

Using this formula

Firm’s times interest earned ratio=EBIT/INTEREST

Where,

EBIT=$322,000

INTEREST=$92,000

Let plug in the formula

Firm’s times interest earned ratio=$322,000/$92,000

Firm’s times interest earned ratio =3.5

Therefore the firm’s times interest earned ratio will be 3.5

7 0

4 years ago

Aqua Corporation purchases nonresidential real property on May 8, 2016, for $1,000,000. Straight-line cost recovery is taken in

Tems11 [23]

Answer:

Explanation:

Sale Value 1500000

less:Adjusted basis (1000000-89765) 910235

a)Gain recognized 589765

b) in case of sale of real property,cooperates are subject to section 291 to recapture.According to section 291,cooperates taxpayers to recaptures 20% of the lessor of the gain recognized or accumulated depreciation taken.

The recaptured gain is taxed as ordinary gain.

The remaining gain is taxed as section 1231 gain.

Section 1231 Gain (589765-17953) 571812

Section 1250 recapture due to section 291 (89765×20%) 17953

3 0

4 years ago