1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
posledela
3 years ago
7

Hackett, Inc. had property tax payable of $940,000 and $100,000 at the end of 2018 and 2019 respectively. During 2019, Hackett r

ecorded $790,000 in property tax expense on its income statement. Cash outflows for property tax during 2019 were ________.
Business
1 answer:
Pavlova-9 [17]3 years ago
4 0

Answer:

The cash outflow against property tax is $ 1,630,000

Explanation:

The cash outflow against property tax payment in 2019 can be calculated as a balancing figure as follows:

Opening Property tax payable Jan 2019            $ 940,000 (a)

add: New tax charged during 2019                     $ 790,000 (b)

less: Tax paid during 2019 (Balancing figure)     $<u> 1,630,000 (d)</u>

Closing balance Dec 2019                                     $ <u> 100,000  </u> (c)

Formula: a+b-c =d

<u />

You might be interested in
Jim is in the market for a car that will last for the next 10 years and has saved up some Miami for the purpose of a car .whats
Sergeeva-Olga [200]
Buy the car if it is good quality... or if he has enough money
7 0
2 years ago
One advantage of random assignment is that it minimizes preexisting differences between the experimental group and the control g
prohojiy [21]
I think this is a true or false question 
The above statement is true. 
As we can see that there are always some sort of affinity among people some have highly positive towards some and negative towards others so they will try to group up with the ones they like but this would always lead to dissatisfaction of some people in group as they will feel unfair as they are not in group they wanted but in random assignment no one has control so even if they are unsatisfied they cant blame it on others. So there are lesser differences
7 0
3 years ago
A lot of points
Pie

Answer:

The answer is C

Explanation:

6 0
2 years ago
Leno Company sells goods to the Fallon Company for​ $10,000. It offers credit terms of​ 2/10, n/30. If Fallon Company pays the i
Zinaida [17]

Answer:

Leno Company will record a debit to Cash in the amount​ of: D. ​$9,800

Explanation:

The terms of 2/10, n/30 means 2% discount for the payment within 10 days and the full amount to be paid within 30 days.

Fallon Company pays the invoice within the discount​ period - early enough to receive a 2% discount. The discount amount is 2% x $10,000 = $200.

On the other hand, Leno Company has to offer a 2% discount to Fallon Company. Cash amount Leno Company receives = $10,000 - 2% x $10,000 = $9,800

Leno Company will record a debit to Cash in the amount​ of $9,800

6 0
3 years ago
The number and magnitude of decisions and problems that must be addressed during an emergency are a direct outgrowth of: A. The
konstantin123 [22]

Answer:

The correct option is B.

Explanation:

Emergency managers and planners are professionals, who are experts in the art of analyzing problems, making appropriate decisions and taking necessary actions that will solve the problems on ground.

The decision making process usually begin before the occurrence of emergency, this is called the planning stage.  At this stage, an organization usually make decisions about how it is going to react to certain emergency situations that might occur in the future.

An effective and deliberate planning prior to emergency will greatly enhance the ability of the organization to respond effectively during emergency situations.  The number and the size of decisions and problems that need to be addressed during an emergency situation depend largely on the quality of the decisions that were made (or were not made) during the planning process.

7 0
3 years ago
Other questions:
  • After the civil war the supreme court tended to view economic regulation as something that
    9·1 answer
  • Flapjack Corporation had 7,953 actual direct labor hours at an actual rate of $12.00 per hour. Original production had been budg
    14·1 answer
  • When her salespeople bring in five new customers, marissa gives them a $1,000 payment. this is an example of a?
    6·1 answer
  • CEO compensation is often in the news. In response to this, some CEOs at large companies have agreed to set their base pay at $1
    14·1 answer
  • An investor borrows an amount at an annual effective interest rate of 5% and will repay all interest and principal in a lump sum
    11·1 answer
  • The text defines management as "The art of getting things done through the efforts of other people." Put yourself in the shoes o
    8·1 answer
  • Based on this case, why is it necessary to have laws related to sharing confidential information? to prevent businesses from man
    11·2 answers
  • You are trying to explain to your friend the difference between managers and leaders. You would be most accurate in saying _____
    11·1 answer
  • Question 7 Suppose that Jaxon Corporation has three products: Red, Black, and White. Red has the highest contribution margin per
    9·1 answer
  • When inserting a nasopharyngeal airway into a semiconscious patient, the nurse encounters resistance. which action is most appro
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!