Answer:
Sales Revenue 212,000
Variable Cost (63,000)
Rent Expense (43,000)
Depreciation Expense (23,000)
Income before taxes 83,000
Income tax expense <u> (16,600) </u>
Net Income 84,800
Cash from operating activities 107,800
tax-shield from depreciation 4,600
Explanation:
Cash flow from operations (indirect method)
net income 84,800 + depreciation expense = 107,800
The depreciation provides a tax shield as they are an accounting concept. The depreciation expense did not involve the outflow of cash but, it is a taxable deduction therefore generates a tax-shield.
23,000 x 20% = 4,600
Answer: True
Explanation:
The Labour Market Regulatory Authority is responsible for regulation of the labour market.
Based on the information given in the question, we can say that Strand will be in compliance with the act. Therefore, the answer is true.
The primary reason for analyzing the sales history of the subject and comparable sales is to Determine that flipping actions have not occurred.
The appraiser prepares a report stating the estimated market value of the property. An appraiser will perform a physical inspection of the property and review relevant information that may affect the value of the home, such as B. Square footage and the number of bedrooms.
The purpose of the evaluation is to state the reasons and scope of the evaluation order. H. Estimating defined values for property division, or performing analysis or consulting work related to property decisions.
The term sales comparison approach refers to a property valuation method that compares a property to comparable or other recently sold properties in areas with similar characteristics. Realtors and appraisers can use the compare-for-sale approach when valuing properties for sale.
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