Answer:
The cash conversion cycle for 2014 was 105 days.
Explanation:
To calculate the Cash Conversion Cycle you need first to calculate three indicators that are the components of the Cash Conversion Cycle.
DIO - Days of Inventory Outstanding
DSO - Days Sales Outstanding
DPO - Days Payables Outstanding
The CCC is the sum of DIO + DSO - DPO
Please see details below:
CCC - Cash Conversion Cycle = 105 days
DIO - Days of Inventory Outstanding = 99 days
Average Inventory $15.750
Cost Of Goods $58.000
DSO - Days Sales Outstanding = 57 days
Accounts Receivable $18.000
Sales $116.000
DPO - Days Payables Outstanding = 50 days
Accounts Payables $8.000
Cost Of Goods $58.000
Answer:
c. Must have a good faith belief that the tax return position has a realistic possibility of success if challenged by the IRS
Explanation:
Statement on Standards for Tax Services No. 1 establishes as a basic principle of providing tax services that the CPA
we know that
Giving assessment administrations is on the standard premise that it has a decent confidence conviction that the government form position can be supported whenever tested
therefore
option c is correct
c. Must have a good faith belief that the tax return position has a realistic possibility of success if challenged by the IRS
A) Raul fixes cars.
The other business people offer a product. Taylor provides car parts, Jared provides toys, and Tina provides food. Raul offers a service, he does not provide you with any good, he provides a service to a good you already own.
The amount by which federal spending exceeds revenue in a given year is known as budget deficit. Having a budget deficit means that the government spent more money than they made in a current year. When this happens the government owes money to others because they had to borrow from accounts to pay off debt.
Answer:
It is deducted from the workers
Explanation:
All employers are required to deduct social security and medicare taxes from their employees' paychecks. The deducted amounts are remitted to the government through the social security administration authority.
Therefore, the funds for Social Security and Medicare come from the employees' paycheck. It is the workers who contribute these funds from their income.
