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posledela
4 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]4 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 />

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Which one of the following statements is correct? Question 19 options: A longer payback period is preferred over a shorter payba
stich3 [128]

Answer:

The payback period ignores the time value of money.

Explanation:

This could primarily be classified to be amongst the major disadvantages of the payback period that it ignores the time value of money which is a very important business concept. In the other hand, the payback period disregards the time value of money. It is determined by counting the number of years it takes to recover the funds invested. Some analysts favor the payback method for its simplicity. Others like to use it as an additional point of reference in a capital budgeting decision framework.

The payback period does not account for what happens after payback, ignoring the overall profitability of an investment.

8 0
4 years ago
The brothers who created The GFB early on began shopping the product to independent coffee shops and then expanded into grocery
andrezito [222]

Answer:

Marketing channels.

Explanation:

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<u>To marketize their products, they used the element of marketing channels. They first reached to their possible customers by shopping their products to independent coffee shops, then to grocery and natural food stores. They used the channels of independent coffee shops, grocery and natural food stores to marketize their products and services to their possible customers.</u>

Thus the correct answer is that they used marketing channels aspect of marketing.

6 0
3 years ago
You are planning an AD implementation for a company that currently has Sales, Accounting, and Marketing departments. Each depart
netineya [11]

Answer:

Delegation of control

Explanation:

Active Directory (AD) is a product offered by Microsoft that is designed for managing computers and related devices within an intranet. It is part of a larger operating system called Windows Server used in both intranet and internet based servers.

4 0
3 years ago
Quinlan has ample E &amp; P to cover any distributions made during the year. One distribution made to a shareholder consists of
stepladder [879]

Answer:

1.Quinlan distribution has realized a loss of

$214,480 of which $0 is recognized.

2. The shareholder received property with a basis of $321,720

Explanation:

1.

When property is been said to be distributed to shareholders the amount of dividend equal to the fair value of the said property which is $321,720 on the date of the distribution. Therefore the amount of taxable dividend is $321,720 which is before the dividends received deduction.

Therefore;

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=$214,480

Quinlan distribution has realized a loss of

$214,480 which is not allowed to be recognized

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6 0
3 years ago
One important purpose of a brand is to
Anna007 [38]

Answer:

3. increase consumer recognition and awareness of product offerings.

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A brand is an identity of a product or service provided by a company. It is a unique identifier of the product and differentiates it from competitors. An example is the shape of CocaCola bottle and its consistent taste are unique to that company and is easily recognizable to customers. Another example is  Luis Vuitton whose brand  customers identify as luxury.

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3 years ago
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