Answer:
$238,148
Explanation:
Total expenses:
= Inventory purchased + Salaries expense + Interest expenses + Insurance expense
= $85,000 + $15,000 + $3,300 + $3,900
= $107,200
Net income:
= Total revenue - Total expenses
= $300,000 - $107,200
= $192,800
Net income after tax:
= Net income - Taxes
= $192,800 - ($192,800 × 9%)
= $192,800 - $17,352
= $175,448
Cash balance:
= Net income after tax - Amount not collected on accounts receivable + Amount not paid on purchases - Prepaid insurance + Money invested by owners + Money borrowed
= $175,448 - $19,900 + $26,500 - $3,900 + $30,000 + $30,000
= $238,148
Answer:
Correct options are: (D), (E), (F).
Explanation:
Since the dog seller does not pay taxes, he is evading tax and is therefore conducting illegal transactions. Illegal transactions are excluded from GDP.
Mowing the law does not have an imputed market value and is excluded from GDP.
Government spending on food stamps is a transfer payment since no value gets added in return, therefore is excluded.
<span>Unsaved Money market funds usually offer all the following advantages except: deposit insurance. </span>
<span>Bank deposits have a bank guarantee (usually also govt supported) whereas money market account don't .</span>
