Answer:
$304,000
Explanation:
Calculation to determine How much was DJ's net income
Net cash inflow from operating activities ($262,000)
Less Account spayable decrease ($26,000)
Less Prepaid asset increase ($20,000)
Add Depreciation expense $32,000
Add Accounts receivable decrease $26,000
Add Loss on sale of depreciable asset $21,000
Add Wages payable increase $15,000
Less Unearned revenue decrease $21,000
Add Patent amortization expense $15,000
Net income $304,000
Therefore DJ's net income is $304,000
Answer:b - Requires when LIFO is used for tax reporting, it is also used for financial reporting
Explanation:
LIFO conformity rule states that when the LIFO method is used for accounting for inventory for tax reporting, it should be used in preparing financial statements.
The LIFO conformity rule is a statutory requirement in the U.S.
One of he reasons is Excessive Medical Expenses.
If you’ve been involved in any type of serious accident or have mounting medical bills due to illness, you may be at risk for financial problems that lead to bankruptcy. Excessive medical expenses are the number one cause of bankruptcy and account for nearly two-thirds of all personal bankruptcies, statistics show.
Even though the majority of people filing for bankruptcy due to medical bills have health insurance, their out-of-pocket expenses still end up being too high.
Answer:
A listing agreement is the document you use to commit to working with a specific real estate agent. Before you sign a listing agreement, ask your agent whether you can be released for any reason, even if that reason is, "I want to list with another broker." If your agent tells you, "No," you might not want to list it with their company.
If you didn't ask your agent about canceling before signing, be aware that exclusive right-to-sell listings contain a safety or protection clause.6
If you ask an agent after the fact to cancel the listing, and they refuse, call their brokerage and request a cancellation. Your listing, believe it or not, is not between you and your agent. It is between you and the brokerage.
If the broker rejects your request for cancellation, then ask the brokerage to assign another agent to you. Most brokers are happy to assign another agent and keep the listing in-house. The brokerage will often pay your fired agent a referral fee.
If there are no workable solutions, call a real estate lawyer for termination assistance, but first, tell the brokerage of your intentions to do so. Sometimes that’s enough to get a release.
Ask your agent to give you a form called "termination of buyer agency." The TBA issued by the California Association of Realtors, for example, will cancel oral or written agency agreements when properly acknowledged and executed.
Answer:
I. easily convey the return for each dollar invested.
Explanation:
Percentage of returns is used to explain the return on an investment relative to the amount invested.
It can also be called a return on investment (ROI). Return on investements is always expressed as percentages or ration and is usually calculated with formula
ROI = <u> Current Value of Investment−Cost of Investment</u> × 100%
Cost of Investment
Cheers.
