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2 years ago

HELP ASAP!!! One suggested certification for this field is Family and Community Services Competency Assessment and

1 answer:

4 0

True Often, a career in Family and Community Services may be entered and followed with only certification.
f. What is considered a license, but is not necessarily a degree?
certification

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During 2021, Terps Company issued 800,000 coupons which entitles the customer to a $5.00 cash refund when the coupon is submitte

11Alexandr11 [23.1K]

Answer:

$1,050,000

Explanation:

Calculation to determine what the company should report as a liability for unredeemed coupons

Liability for unredeemed coupons =($800,000 x 0.70 ) - $350,000 ) x $5.00

Liability for unredeemed coupons=($560,000-$350,000)×$5.00

Liability for unredeemed coupons=$210,000x $5.00

Liability for unredeemed coupons=$1,050,000

Therefore At December 31, 2021, the company should report a liability for unredeemed coupons of:$1,050,000

5 0

3 years ago

Free cash flow (FCF) and net income (NI) differ in the following ways:

alexandr402 [8]

Answer:

c. I, II, and III only

Explanation:

As we know that

Free cash flow = Earnings before Interest and Taxes × (1-Tax Rate) + Amortization and Depreciation expense - Change in Net Working Capital -Capital Expenditure

And, the Net income is determined after considering all cash and non cash expenses.

Therefore, I, II and III statements are considered

Hence, the option c is correct

6 0

2 years ago

The Azuza Company owns no plant assets and had the following income statement for the year:

Nutka1998 [239]

Answer:Please see answer below

Explanation:

Solving

Net income= $16,000

Change in asset and liabilities

Accounts receivable Increased $67,000- $59,000 =- -8000

Inventory Decreased 62,000- 86,000=24,000

Prepaid rent --Increased 9,000- 7,000 = -2000

Accounts payable ---decreased 22,000 -30,000 = -8000

Wages payable ----Increased 9,000- 7,000=2000

Net cash provided by operating activity.=24,000+ 2000-(8000+2000+8000)

= $24,000

Net income= $16,000

Change in asset and liabilities

Accounts receivable--Increase -$8,000

Inventory--Decreased-- $24,000

Prepaid rent --Increased -$2,000

Accounts payable ---decreased-$8,000

Wages payable ----Increased $2,000

Net cash provided by operating activities,= $24,000

6 0

3 years ago

Use the starting balance sheet and the list of changes to create an updated balance sheet and to answer the question.

anastassius [24]

Answer: $3,300,000

Explanation:

Accounting formula:

Assets = Equity + Liabilities

Total equity and liabilities on March 31 is:

= Beginning balance - decrease in liabilities + Increase in Equity

= 5,000,000 - 100,000 + 400,000

= $5,300,000

Assets therefore has to be $5,300,000 on the same date.

Assets = New cash balance + Other assets

5,300,000 = (2,200,000 - 200,000) + Other assets

Other assets = 5,300,000 - 2,000,000

= $3,300,000

4 0

3 years ago

Don Juan, a single taxpayer, is the sole owner of DJ’s Inc., an S Corporation. This year, DJ’s Inc. incurred a massive $600,000

Darina [25.2K]

Answer:

Don Juan is sole business owner and his loss in excess to the minimum threshold amount is $250,000. So Don Juan may deduct the amount $350,000 in terms of loss.

If Don Juan does not deduct the loss this year, it would be carried forward to next fiscal statement

Explanation:

Part 1. The calculation is made as below

Excess of business loss ($600,000) – (other business income + Threshold amount ($250,000))

The minimum threshold amount is deductible from the Tax comes out to be $350,000

Part 2. The loss is reflected in next year’s tax statement as net operating loss and can be carried forward. So if Don Juan miss the loss deduction claim, he can do it next year.

4 0

3 years ago