The IRS says that you can destroy them after three years. However, if you owe taxes, it is better to keep them up to 10 years.
Answer:
$593,000
Explanation:
Net income before debt in second year:
= Reported net income + wrote off accounts as uncollectible
= 600,000 + 34,000
= $634,000
Net income = Net income before debt in second year - Bad debts expense
= $634,000 - (1% of 4,100,000)
= $634,000 - 41,000
= $593,000
To know whether Ability Inc. has the resources available to meet its short-term cash needs, a potential investor in the company would be interested. A liquidity analysis is one of these types of analyses.
The term "liquidity" describes the effectiveness or simplicity with which a security or asset can be converted into immediate cash without impacting its market price. Cash itself is the most movable asset.
In other words, liquidity refers to how easily an item may be purchased or sold on the market at a price that reflects its true worth. Due to its ease and speed of conversion into other assets, cash is regarded as the asset with the highest level of liquidity. Real estate, fine art, and collectibles are a few examples of tangible assets that have a low liquidity level. Various points on the liquidity spectrum are occupied by other financial assets, which range from shares to partnership units.
Learn more about liquidity here
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Consideration<span> is the concept of legal value in connection with </span>contracts, so option <span>A. The list of people who are legally authorized to negotiate the contract !</span>
Answer:
e) capacity requirement planning
Explanation:
Based on the information provided within the question it can be said that the term being mentioned is called capacity requirement planning. Like mentioned, this term refers to the process that a company undergoes in order to calculate how much of something it needs to achieve a goal and whether or not it is feasible. Which can also be used regarding work schedules like in this scenario.
