Answer:
a. $12,000
b. $32,000
c. $17,000
Explanation:
The computations are shown below:
a. Net income = (Income tax paid ÷ Tax rate) – Income tax paid
Net income = ($3,000 ÷ 20%) - $3,000
= $12,000
b. Revenues = Cost of goods sold + Income tax paid + Administration expense + Interest paid + Depreciation + Net income
= $9,000 + $3,000 + $4,000 + $2,000 + $2,000 + $12,000
= $32,000
3. EBIT = Net income + Interest expense + Taxes
= $12,000 + $2,000 + $3,000
= $17,000
The answer is $12,360.22(rounded)
16,995-5,500= 11,495
11,495+7%= 12,360.2151
Hope this helps!! :)
Answer:
The answer is: be able to recover damages
Explanation:
In order for a Drake (the plaintiff) to be able to recover damages he must prove that he suffered an injury (economic injury in this case) by Eve's false claims.
Eve promised to multiply Drake's money and instead Drake lost money. The proof of injury would be the money lost by trading with Eve's false algorithm.
The practice of creating a liability when a company incurs an expense that cannot be directly linked to a specific accounting period most likely refers to companies may recognize such expenses in periods during which profits are high, as they can afford to take the hit to income, with a view to reducing the liability (the reserve) in future periods during which the company may struggle.
A liability is something that an individual or company owes, usually a monetary amount. Liabilities are settled over time by the transfer of economic benefits, including money, goods, or services.
Current liabilities are short-term financial obligations of a company that matures within one year or within the normal business cycle. The operating cycle, also known as the cash conversion cycle, is the time it takes a company to purchase inventory and convert sales into cash.
In general, mitigating the risk of legal liability requires acting lawfully and taking clear responsibility for the well-being of others (groups that include customers or clients, competitors, and the general public).
Learn more about Liability here brainly.com/question/25687338
#SPJ4
