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Lyrx [107]
3 years ago
10

Atlantic Fisheries has an EBIT of $3,280, depreciation of $1,850, cost of goods sold of $6,920, dividends paid of $750, interest

expense of $860, and sales of $6,500. What is the taxable income
Business
1 answer:
WARRIOR [948]3 years ago
6 0

Answer: $2420

Explanation:

The following can be deduced from the question:

EBIT = $3,280

Depreciation = $1,850

Cost of goods sold = $6,920

Dividends = $750

Interest expense = $860,

Taxable Income will be calculated as:

= EBIT - Interest Expense

= $3280 - $860

= $ 2420

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Answer:

Estimated balance of Doubtful Account after adjusting entry = $4,200

Explanation:

Given:

The credit balance of Doubtful Account = $500

Computation of estimated balance of Doubtful Account after adjusting entry:

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After adjusting entry , Total amount credited in Allowance for Doubtful Accounts is $4,200

6 0
2 years ago
O’Hara Associates sells golf clubs, and with each sale of a full set of clubs provides complementary club-fitting services. A fu
makvit [3.9K]

Answer:

$60.00

Explanation:

Calculation to estimate the stand-alone selling price

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2 years ago
Which demographic category reported the least amount of stress during 1983, 2006, and 2009?
Allisa [31]
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3 years ago
What is the business importance of managing the quality of business processes? Describe two methods of quality management.
Ratling [72]

Answer:

2 methods are LEAN and Kaizen

Explanation:

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6 0
3 years ago
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Makovka662 [10]

Answer:

The answer would be

Explanation:

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