Answer:
This statement is "TRUE".
Explanation:
In this business model the cab drivers are dealing directly with the company itself hence eliminating the middlemen which use to take their cut previously.
Answer:
The answer is (a.) both (i) and (ii)
Explanation:
Actually, free markets allocate supply of goods to the buyers who value them most highly as measured by their willingness to buy and also allocate demand of goods to the sellers who can produce them at the least cost. This gives the customers the varieties to buy from depending on their pockets or willingness just as seen in the illustration above above firms A and B and the buyers Cassie and David.
Answer:
d. Adjustment data are assembled and analyzed.
h. Closing entries are journalized and posted to the ledger.
Explanation:
The fourth step is missing which is to adjust the data. After the unadjusted trial balance is prepared, if the debit side and the credit side do not match, the data will need to be adjusted and that is what this step is for.
The penultimate step is also missing being the journalizing of the closing entries and posting them to the ledger. This is done to close out the accounts for the year and bring all accounts except permanent ones to zero.
Answer:
The after-tax cash flow (after-tax salvage value) from the sale is $18,941.20
Explanation:
The computation of the after-tax cash flow is shown below:
= Purchase of fixed asset - depreciation charged - sale value of machine + profit on sale - tax rate
= $39,000 - ($39,000 × 20% + 32%) - $19,000 + $280 - 21%
= $39,000 - $20,280 - $19,000 + 280 - $58.80
= $18,720 + $280 - $58.80
= $18,941.20
The $18,720 reflect the Written down value of the fixed asset which come from
= $39,000 - $20,280