Answer:
It is not advisable to buy the food truck, since over the 4 years of investment it will show a loss of $ 40,000.
Explanation:
Since Eat at State is considering buying a new food truck, and it will cost $ 65,000, but is expected to generate $ 20,000 in sales over the next 4 years, and at the end of the 4th year, the truck will be sold to Eat Like a Wolverine in Ann Arbor for $ 10,000 (after taxes), and it will require $ 5,000 in additional Net Working capital that will not be recovered when the truck is sold, and the Dean of Food Services will only authorize the purchase if it is cash positive by the end of the 4th year, to determine, using the payback period method if the truck should be purchased and why, the following calculation must be performed:
-65,000 + 20,000 + 10,000 - 5,000 = X
-70,000 + 30,000 = X
-40,000 = X
Therefore, it is not advisable to buy the food truck, since over the 4 years of investment it will show a loss of $ 40,000.
Purchased shares = 680 shares * $11.00 ($7,480)
Year-end shares worth = 680 shares * $2.20 ($1,496)
Loss of shares = $7,480 - $1,496 ($5,984)
OR
Loss in shares price= $11.00 - $2.20 ($8.80)
Loss of shares = 680 shares * $8.80 ($5,984)
Barney can deduct $5,984 as the amount of loss of this year.
Two or more subsystems working together to provide greater than the full of what they might produce running alone is called Synergy.
Production is the process of combining various material inputs and immaterial inputs (plans, information) with the purpose to make something for consumption (output). it's far the act of making an output, a great or provider which has a fee and contributes to the utility of individuals.
Produce here refers to “clean fruits and vegetables”. it is the noun version of that phrase, not the verb, and so its pressure falls on the first syllable. consequently, the produce aisle is the location where such things are found.
Produce is a generalized time period for many farm-produced plants, including culmination and veggies (grains, oats, and many others. Produce is a generalized time period for a collection of farm-produced vegetation and items, such as fruits and veggies – meats, grains, oats, and many others. are also sometimes considered produce. greater especially, the term "produce" regularly implies that the products are fresh and normally inside the same country as wherein they had been harvested.
Learn more about produce here:
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Answer:
$346,120
Explanation:
Calculation for what Angel's hypothetical tax expense in its reconciliation of its income tax expense is
Using this formula
Tax expense =Pretax book income*Tax rate
Let plug in the formula
Tax expense =$1,018,000*34%
Tax expense =$346,120
Therefore Angel's hypothetical tax expense in its reconciliation of its income tax expense is $346,120
Answer:
Lucky Enterprises Income statement
Amount in $ Amount in $
Revenue 122,100
Operating expenses:
Salaries and Wages Expense 83,300
Rent Expense 22,400
Supplies Expense 5,500
Insurance Expense 3,700
Interest Expense 800
Bad Debt Expense 900
Depreciation Expense <u> 2,100</u>
<u> </u><u>(118,700
)</u><u> </u>
Net Income/(loss) <u> </u><u>3,400</u><u> </u>
Explanation:
The income statement is the statement that shows if an organization made a net income or loss from its operations over a period of time.
It shows the sales and expenses of the organization.
