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3 years ago

Which is not an object to taxation?

Business

1 answer:

valkas [14]3 years ago

7 0

Transaction public property

Exemption of the government

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Carla Vista Corp. has total current assets of $11,420,000, current liabilities of $4,354,000, and a quick ratio of 0.99. How muc

amid [387]

Answer:

Carla Vista Corp. has Inventory of $7,109,540

Explanation:

Carla Vista Corp. has current liabilities of $4,354,000, and a quick ratio of 0.99

The quick ratio is calculated by the following formula:

Quick ratio = (Cash & equivalents + Short Term investments + Accounts receivable)/Current Liabilities

(Cash & equivalents + Short Term investments + Accounts receivable) = Quick ratio x Current Liabilities = $4,354,000 x 0.99 = $4,310,460

Total current assets = (Cash & equivalents + Short Term investments + Accounts receivable) + Inventory

Inventory = Total current assets - (Cash & equivalents + Short Term investments + Accounts receivable) = $11,420,000 - $4,310,460 = $7,109,540

3 0

2 years ago

Which of the following is classified as an asset account?A.Notes PayableB.Owner, WithdrawalsC.Prepaid InsuranceD.Unearned Reve

almond37 [142]

Answer:

C.Prepaid Insurance

Explanation:

Prepaid Insurance is the insurance amount paid in advance, so that company has a receivable because amount is not due yet. It will charged to expense account with the passage of time. Notes Payable, Unearned Revenue, Owner Withdrawals are classified as liabilities and capital contra accounts. So correct option is C. Prepaid Insurance.

8 0

3 years ago

Please Help soon

Dafna11 [192]

The money multiplier can be used as an expansionary and also an expansionary tool by a given government.

<h3>What is an expansionary tool?</h3>

As an expansionary tool, the money multiplier may be used to increase the amount of money supply that is in an economy. This would cause the interest rates to be low so that people would not have much benefits from saving their money.

<h3>As a contractionary tool</h3>

The money multiplier can be used to reduce the amount of money that is in circulation in a given economy. This would make people want to save more money in the bank because the interest rate is going to be raised.

Read more on the money multiplier here: brainly.com/question/13923879

#SPJ1

5 0

1 year ago

In a recent year Bonita Industries had net income of $130000, interest expense of $50000, and income tax expense of $21000. What

denis-greek [22]

Answer:

b. 4.02

Explanation:

Time interest earned is actually tells us how many times it's interest is the company earning so that formula for times interest earned is

Earnings before income and tax/Interest expense.

So we have to add interest expense and tax expense back to net income.

130,000+50,000+21,000=201,000

201,000/50,000=4.02

4 0

3 years ago

You have been running a landscaping business called Trim Grass for about two years. You have developed a special blend of grass

Verdich [7]

Answer:

2222

Explanation:

8 0

3 years ago