Adam Smith (5 June 1723 - 17 July 1790) is Scottish philisopher. He is best known in : The Theory of Moral Sentiments and An Inquiry into the Nature and Causes of the Wealth of Nations.
Answer:
The book value of a share of Simple stock is $18 per share
Explanation:
The computation of the book value of a share is shown below
Book value per share = (Total equity) ÷ (number of shares)
where,
Total equity = Total issued shares value + retained earnings
= $25,000 + $47,000
= $72,000
And, the number of shares is 4,000 shares
Now put these values to the above formula
So, the value would be equal to
= $72,000 ÷ 4,000 shares
= $18 per share
Answer:
If Silver uses the accrual method, $195,000 in 2018 and $0 in 2019.
Explanation:
Given that,
Salaries paid during the year 2018 = $175,000
Salaries earned by the employees at the end of the year = $20,000
If the Silver, Inc. uses the accrual method,
Deduction for salary expense in 2018:
= Salaries paid during the year 2018 + Salaries earned by the employees at the end of the year
= $175,000 + $20,000
= $195,000
Deduction for salary expense in 2019 = $0
Answer:
Wight Inc.
1. The cash required for payments on accounts in May
= $383,500
2. The cash required for payments on accounts is:
= $412,975
Explanation:
a) Data and Calculations:
April May June
Expected purchases on account $374,000 $412,000 $415,900
Cash Payments:
Month of billing (25%) $93,500 $103,000 $103,975
Next month (75%) 280,500 309,000
Cash required for payments on accounts $383,500 $412,975
The amount of lottery winnings that should be included in Emil's Year 8 taxable income is: $5,000.
<h3>What is taxable income?</h3>
Taxable income can be defined as the income that are reduce by tax or other deduction.
Since we were told that the amount of $5,000 was won in the state lottery, which means that the amount of lottery winnings that should be included in Year 8 taxable income is will be the total or the whole amount of the gambling winnings which is $5,000.
Learn more about Taxable income here:brainly.com/question/26316390
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