Answer:
$240,000
Explanation:
Let the net income be Y
Accounts payable decreased $21,000 - This will be subtracted from the net profit as a reduction in liability
Prepaid assets increased $15,000 - This will be subtracted from the net profit as an increase in assets
Depreciation expense was $27,000 - This will be added back to net profit as a non cash item
Accounts receivable decreased $21,000 - This will be add from the net profit as a reduction in assets
Loss on sale of a depreciable asset was $16,000 - This will be added back to net profit as a non cash item
Wages payable increased $10,000 - This will be added from the net profit as an increase in liability
Unearned revenue decreased $16,000 - This will be subtracted from the net profit as a reduction in liability
Patent amortization expense was $10,000 - This will be added back to net profit as a non cash item
As such
Y - 21000 - 15000 + 27000 + 21000 + 16000 +10000 - 16000 + 10000 = 272000
Y = 272000 + 21000 + 15000 - 27000 - 21000 - 16000 - 10000 + 16000 - 10000
Y = $240,000
Answer:
increase the quantity demanded but decrease total revenue.
The correct answer is letter c, request for action. A request for action is being defined as a feature by which is being provided to the agency's officer by means of requesting action or having to obtain documents or any processing request.
Answer:
Throughout the revenue generation code section 1231, 1231 assets were specified in the revenue generation section 1231. Elsewhere there is further clarification provided.
Explanation:
- The loss suffered should be considered as something of an ordinary loss which can be excluded from either the taxable income of the individual, as this is thus advantageous since it is 100% exempt again from the tax liability of the individual.
- Inventories weren't included throughout the 1234 clauses, nevertheless, and as such the losses mostly on stock kept during 6 months also aren't protected by the 1234 rules and therefore must be recognized as a regular loss of operation.
- The income earned from either the property where impairment is claimed as either a regular business loss throughout section 1234 could be calculated as deep-term losses or capital gains unless the income increases the value of the loss reported throughout section 1234.
Answer:
0.104
Explanation:
We are to determine the yield to maturity of the bond
yield to maturity can be determined using a financial calculator
Cash flow in year 0 = -500
Cash flow each year from year 1 to 6 = 0
Cash flow in year 7 = 1000
YTM = 10.4%
To find the YTM using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.