Answer:
$70,056
Explanation:
Per the above information, we need to calculate first, the Earnings before interest and tax (EBIT).
Sales
$361,820
Less: costs
($267,940)
Less: Depreciation expense
($16,500)
Earnings before interest and tax (EBIT)
$77,380
The next step is to calculate the applicable tax rate.
Tax [$77,380 - $9,310] × 0.35
$23,824.50
We will then calculate the Operating cash flow.
Earnings before interest and tax (EBIT)
$77,380
Add back depreciation expense
$16,500
Less tax
($23,824.50)
Operating cash flow (OCF)
$70,056
Therefore, the amount of operating cash flow is $70,056.
Answer:
<em><u>Julie's catering business
</u></em>
Julie should use the model of sole proprietorship
<em><u>Explanation:
</u></em>
sole proprietorship, is the most useful business entity for Julie as she won’t loss the control of her business and can grow at her own pace because she would be the most important decision maker.
A partnership involves doing an alliance with another person or business then the control will be divided with others.
Finally, a corporation. needs the collaboration of more shareholders and the span of control will be broader as more persons will be involve in the decision-making process. "Corporations are not really run by their owners." because the people involved in the corporation must take decisions that are not consulted with the owners.
<em><u></u></em>
<em><u>Terri tax-related services
</u></em>
Terry should use the model of sole proprietorship
<em><u>Explanation
</u></em>
For Terri the sole proprietorship model is the most useful as well because he can grow to obtain recognition and enjoy the benefits of bigness
Answer:
The local city council passes a law that establishes a maximum rent for apartments in your city. Which of the following is likely to happen?
Demand for cheap apartments will increase
Explanation:
When there is maximum price set aside for a good or services, the demand for lower goods would be increased. From the analogy above, since the maximum rent as been set aside, then the demand for cheap apartments will increase as a result of the decision because people would prefer lower prices
Answer:
A. Testimonial
Explanation:
A testimonial typically refers to the the experience a person has with the product or service. It usually contains positives, but also can have negatives as well.
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