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3 years ago

8

When convertible debt is retired by the issuer, any material difference between the cash acquisition price and the carrying amou

nt of the debt should be?

1 answer:

jonny [76]3 years ago

7 0

Should be reflected currently in income, but not as an extraordinary item?

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4. Tim moves to a different state and buys a house in his new city. His new house is bigger than the apartment he lived in befor

Rufina [12.5K]

Answer:

Property tax is progressive

Sales Tax is regressive

A progressive tax is one that takes a higher proportion of revenue from high-income people than it does from low-income people. A regressive tax is one that takes a higher percentage of low-income people's income than it does from high-income people.

Explanation:

3 0

3 years ago

Five years ago, our company purchased land for $53,000. This year, the land is

Alenkinab [10]

Answer:60000

Explanation:

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1 year ago

Skysong Inc., a provider of consulting services, was founded on October 1, 2022. At the end of the first month of operations, th

qwelly [4]

Answer:

a. Income Statement for the month of October 2022

<u>Revenue:</u>

Service revenue $19,540

<u>Expenses:</u>

Salaries and Wages $2,800

Supplies Expenses $360

Depreciation Expenses $260

Interest Expenses <u>$350 </u>

Total Expenses <u>$3,770</u>

Net Income <u>$15,770</u>

<u />

b. Retained earnings statement for the month of October 2022

Retained Earnings, October 1, 2020 $0

Add: Net Income <u>$15,770 </u>

Retained Earnings, October 31, 2020 <u>$15,770</u>

3 0

3 years ago

You want to start a business that you believe can produce cash flows of $44,000, $61,000, and $80,000 at the end of each of the

madam [21]

The present worth of this business it has been calculated is given as $302,898.

How to solve for the worth of the business

<u>In the first year</u>

Cash flow = 44000

PVF at 9.7% = 0.91158

The present value = 0.91158 * 44000

= $40106

<u>In the second year </u>

Cash flow = $61,000,

PVF at 9.7% = 0.83097

The present value = $50689.17

<u>In the third year</u>

Cash flow = $80,000

PVF at 9.7% = 0.7575

The present value = $60600

<u>In the 4th year </u>

Cash flow = $200,000

PVF at 9.7% = 0.7575

The present value = $151,500

The worth of the business today is going to be the sum of all the present values

= $151,500 + $60600 + $40106.52 + $50689.17

= $302,898

Read more on present value here: brainly.com/question/20813161

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2 years ago

Global staffing has created political issues such as questioning U.S. federal legislation that restricts the number of high-skil

GuDViN [60]

Answer:

True

Explanation:

This is true that global staffing has created political issues such as questioning U.S. federal legislation that restricts the number of high-skilled workers admitted from other countries.

8 0

3 years ago