Answer:
$960,000
Explanation:
$1,000 (Monthly income x 30%)
$1,000 (3200 x 30%)
= $960,000
This question is incomplete and I've read and answered the complete question and its ask to determine Mandy's gain or loss if she later sells the stock for $2.3 million.
In definition, a fair market value is the selling price of the item of which buyer and seller can agree, with that, if Mandy sold it for 2.3 million, the possible profit of it would be $100,000
Answer:
Dr Prepaid insurance 22,000
Cr cash 22,000
Dr Insurance expense 5,500
Cr Prepaid insurance 5,500
Explanation:
Preparation of Journal entries
Based on the information given we were told that Sandhill Company pays the amount of $22,000 to another company which is Cullumber Company for a 2-year insurance contract in which Both the companies have fiscal years that is ending December 31 which means that the Journal entry will be recorded as:
Dr Prepaid insurance 22,000
Cr cash 22,000
Dr Insurance expense 5,500
Cr Prepaid insurance 5,500
[(22,000*6/12)/2]
Answer: Producing new models would require lots of money to set up before the revenue builds
Explanation:
This company must endeavor to have enough cash at hand because production of motor bike are very expensive to produce and launch in to the market, they'll have to be excess in their reserves for this operations.
Answer:
Of course she has, Roslyn stole Organic Cornucopia's trade secrets. She is specifically contacting their vendors and customers.
Even though you cannot register a list of vendors or customers, they are considered trade secrets that must not be given away or used against the company by their employees or former employees in this case. Even if Roslyn's contract with Organic Cornucopia didn't include a trade secrets clause, it is reasonable that employees cannot act against the company using them and she was very direct, there are no excuses here.
