Answer: Equipment Cr. $208,831.00
Explanation:
The Asset was purchased at a cost of $208,831.00 and this was reflected in the Equipment account.
When disposing of the Equipment therefore, the Equipment account has to be credited by a total amount corresponding to the same amount which is $208,831.00 to ensure that the asset will be removed from the Equipment account as it is no longer in the company.
Answer:
See below
Explanation:
Computation of free cash flow for Monach textiles, 2017
EBIT = EBT + Interest expense EBIT
EBIT = $408 + $50
EBIT = $458
Tax rate = Tax / EBT
Tax rate = $163.20 / $408
Tax rate = 0.4 = 40%
Operating cash flow = EBIT × (1 - Tax rate) + Depreciation - Change in net working capital - Capital expenditure
= $458 × (1 - 0.4) + $82 - ($640 - $360) - ($460 - $280)
= $274.8 + $82 - $280 - $180
= $274.8 + $92 - $100
= $256.8
Answer:
either$80. or 500 of 2yrs add to $80
- A franchise allows owners to be their own boss however they must still follow the rules and regulations and procedures of the franchise. In most franchises the owner must pay a large sum of money to buy into the franchise and share profits or pay royalties to the franchisor based on sales, not profits.
- In a partnership, two or more people pool their money and credit to start the business.
