A numerically controlled (NC) machine tool is purchased for $800,000. The equipment qualifies as 5-year equipment for MACRS depreciation. The BTCF profile for the acquisition, given below. Indudes a $100.000 salvage value at the end of the year planning horizon. A 40% tax rate applies • Determine the values for a thru e in the table [You may use Excel. If needed, round to the nearest Integer and don't use any comma) Suppose the NC machine tool is sold for 200.000 after 5 years of use. What is the taxable income in year 5? (It needed, round to the nearest Integer and don't use any commal End lof BTCF year Pid BV TI ATCE 0 -$800.000 1 $125.000 2 5150.000 3 $175.000 4 $200.000 b 5 $225.000 6 $250,000 $375.000 * Includes $100,000 salvage value BTCF: Before tax cash flow P.: MACRS percentage in year Depreciation deduction in yeart BV Book value in yeart TI : Taxable income IT: Income tax ATC After tax cash flow

Answers

Answer 1

The taxable income in year 5 is $132,840 and the after-tax cash flow is $79,704.

Given:

The initial cost of Numerically Controlled (NC) machine tool = $800,000

Salvage value = $100,000

At the end of the year planning horizon, Life of the equipment qualifies as 5-year equipment for MACRS depreciation BTCF (Before tax cash flow) profile for the acquisition is given below. It includes a 40% tax rate applied on it.

BTCF: Year Pid BV TI ATCE 0 -$800.000 1 $125.000 2 $150.000 3 $175.000 4 $200.000 5 $225.000 6 $250.000 $375.000

MACRS depreciation percentage for year 1 = 20%

Depreciation for Year 1

= $800,000 × 20%

= $160,000

MACRS depreciation percentage for year 2 = 32%

Depreciation for Year 2

= $800,000 × 32%

= $256,000

MACRS depreciation percentage for year 3

= 19.2%

Depreciation for Year 3

= $800,000 × 19.2%

= $153,600

MACRS depreciation percentage for year 4 = 11.52%

Depreciation for Year 4

= $800,000 × 11.52%

= $92,160

MACRS depreciation percentage for year 5 = 11.52%

Depreciation for Year 5

= $800,000 × 11.52%

= $92,160

Book Value in year 1 = $800,000 - $160,000 = $640,000

Book Value in year 2 = $640,000 - $256,000 = $384,000

Book Value in year 3 = $384,000 - $153,600 = $230,400

Book Value in year 4 = $230,400 - $92,160 = $138,240

Book Value in year 5 = $138,240 - $92,160 = $46,080

Book Value in year 6 = $46,080 - $46,080 = $0

Taxable Income for year 1 = $125,000 - $160,000 = -$35,000

As the taxable income is negative, therefore, there will be no tax liability for year 1.

Taxable Income for year 2 = $150,000 - $256,000 = -$106,000

As the taxable income is negative, therefore, there will be no tax liability for year 2

Taxable Income for year 3 = $175,000 - $153,600 = $21,400

Tax for year 3 = 40% × $21,400 = $8,560

After-tax cash flow for year 3 = $175,000 - $153,600 - $8,560 = $12,840

Taxable Income for year 4 = $200,000 - $92,160 = $107,840

Tax for year 4 = 40% × $107,840 = $43,136

After-tax cash flow for year 4 = $200,000 - $92,160 - $43,136 = $64,704

Taxable Income for year 5 = $225,000 - $92,160 = $132,840

Tax for year 5 = 40% × $132,840 = $53,136

After-tax cash flow for year 5 = $225,000 - $92,160 - $53,136 = $79,704

Therefore, the taxable income in year 5 is $132,840 and the after-tax cash flow is $79,704.

To know more about taxable income, visit:

https://brainly.com/question/30617249

#SPJ11


Related Questions


Production is not complete Until goods
reaches the final Consumer Explain​

Answers

Answer:

 B. goods reached the final consumer

Multiple-choices

   A. goods gets to the wholesaler

   B. goods reached the final consumer

   C. factors of production are combined

   D. goods are ready for transportation

   E. wholesalers ask the firms to produce

Explanation:

Like all other businesses, a firm that produces goods for sale is driven by profit motives. The producer's main objective is to make goods that satisfy the customer's need and make profits. For this objective to be met, the producer must find a way of getting the goods to the consumer.

A marketing distribution channel or the distribution channel is the avenue producers use to deliver their products to final consumers. The channel has businesses ranging from distributors, wholesalers to retailers. The retailer is the final trader who sells directly to consumers. It is the consumer that pays the price for the goods, thereby earning the producer their profits.

A rookie quarterback is negotiating his first nfl contract. his opportunity cost is 10%. he has been offered three possible 4-year contracts. payments are guaranteed, and they would be made at the end of each year. terms of each contract are as follows:

Answers

Answer:

He should accept contract 2 because it has a higher present value.

 Explanation:

The numbers are missing, so I looked for a similar question:

year 1 2 3 4

Contract 1 $3,000,000 $3,000,000 $3,000,000 $3,000,000

Contract 2 $2,000,000 $3,000,000 $4,000,000 $5,000,000

Contract 3 $7,000,000 $1,000,000 $1,000,000 $1,000,000

As his advisor, which contract would you recommend that he accept?

we need to find the present value of each contract:

Contract 1 = $3,000,000/1.1 + $3,000,000/1.1² + $3,000,000/1.1³ + $3,000,000/1.1⁴  = $2,727,273 + $2,479,339 + $2,253,944 + $2,049,040 = $9,509,596

Contract 2 $2,000,000/1.1 + $3,000,000/1.1² $4,000,000/1.1³ + $5,000,000 /1.1⁴  = $1,818,182 + $2,479,339 + $3,005,259 + $3,415,067 = $10,717,847

Contract 3 $7,000,000/1.1 + $1,000,000/1.1² + $1,000,000/1.1³ + $1,000,000/1.1⁴  = $6,363,636 + $826,446 + $751,315 + $683,013 = $8,624,410

Okay, how many weeks would you have to work to pay for Gary’s $1200 mistake?

Answers

Answer:

i thinks its 1 year huhuhuh

.A note receivable due in five years is listed on the balance sheet under the caption
a. investments.
b. current assets.
c. fixed assets.
d. stockholders' equity.

Answers

A note receivable due in five years is listed on the balance sheet under the caption "investments." The correct option is A.

This is because notes receivable that are due in a period longer than one year are considered long-term assets and are categorized as investments on the balance sheet. They are not considered current assets, as those are assets that can be converted into cash within a year.

Fixed assets are items like property, plant, and equipment that are used in the operation of the business, while stockholders' equity represents the ownership interest of the stockholders in the company. Therefore, for a note receivable due in five years, the correct classification is investments. The correct option is A.

To know more about investments, refer here:

https://brainly.com/question/30105963#

#SPJ11

Long run competitive equilibrium a) isn't economically efficient b) will never change once it's realized c) is realized only in constant cost industries d) results in zero economic profits

Answers

Long run competitive equilibrium results in zero economic profits.

What determines a long run equilibrum?

In a perfectly competitive market, every economic profit is eliminated in the long-run equilibrum. Firms and businesses earn zero economic profit in a competitive market. An increase in the demand for goods is witnessed when there's an increase in the price of substitute. A positive economic profit leads to an increase in the number of new firms that enter into the market but conversly, a negative economic profit will result to firms exiting the industry till profits turn zero.

Learn more on Long run competitive equilibrium from:

https://brainly.com/question/14391694?referrer=searchResults

#SPJ4

PLEASE HELP
2 6.1.2 Exam: Exam
A.
Question 1 of 40
Which of the following is an example of internal compliance?
O A. A publishing company prevents its employees from using office
computers for personal use.
O B. An accounting firm adheres to the Sarbanes-Oxley Act to prevent
fraud.
O c. A hospital's staff members participate in state-mandated training
sessions every year.
D. A fast food restaurant follows Department of Agriculture
regulations for food preparation.
SUBMIT

PLEASE HELP 2 6.1.2 Exam: ExamA.Question 1 of 40Which of the following is an example of internal compliance?O

Answers

The correct answer is A. A publisher prevents its employees from using office computers for personal use.

Explanation

Internal compliance is a set of strategic internal rules and measures focused on employee behavior and ethics. This internal Compliance was obtained with the aim of improving business practices aimed at raising the quality level of results, goals, and objectives. According to the above, the correct answer is "A. publisher prevents its employees from using office computers for personal use." because this is an example of a business rule that pre-empted the misuse of company equipment preventing its employees from using it for purposes other than corporate ones.

Anna is creating a personal balance sheet. She plans to list these items.
Bank Account
Jewelry
Health Insurance
Rent


Which statements about the balance sheet are correct? Select three choices.
-Health insurance, and rent will be listed in the liabilities column.
-Anna will need to find the total value of her jewelry and bank account.
-The period of the balance sheet will be one year.
-Anna will add the value of the assets and subtract the value of the liabilities.
-The items in the table will be listed in four columns.

Answers

The correct statement is "Health insurance, and rent are listed in the liabilities column of the balance sheet. Anna will find the total value of her jewelry and bank account statements. The items in the table will be listed in four columns."

The balance sheet would be the final step in the company's financial process and reflects the company's financial status and verifies its accuracy. All liabilities could be listed on the left side of the balance sheet in this instance, while all assets were listed on the right.

She will use the value of all of the items for the period of one year. An accounting document known as a balance sheet lists a company's assets, liabilities, and shareholder equity.

One of the three primary financial statements that are used to analyze a corporation is the balance sheet. A balance sheet provides you with a momentary glimpse of your company's financial situation. A balance sheet can assist business owners in assessing the financial health of their organization along with an income statement.

To learn more about balance sheet, click here.

https://brainly.com/question/26323001

#SPJ1

Answer:

A, B, D

Explanation:

:)

Which of the following is a disadvantage of recruiting current employees?
Sometimes viewed as unethical
O Limits opportunities for bringing new ideas to a company
O Training could be more extensive and costly
O Requires frequent updates of job openings

Answers

Answer:

O Limits opportunities for bringing new ideas to a company

Explanation:

Recruiting current employees is the sourcing of new workers from the current workforce. It is also known as internal recruitment. Recruiting of current employees contrasts with external recruitments where a business advertises for vacant positions to the general public.

Recruiting from internal sources denies the business an opportunity to get workers with different experiences. External workers bring new ideas and new experiences to a business.

Type the correct answer in the box. Which Financial Assets can be traded on the stock market?

_____ are tradable financial assets that are sold and bought on the stock market.​

Answers

Your answer is Treasury Bill!

Hopefully, this helps! :D

Please give branliest!

Allesandra would like to work in a school environment, and she knows that she would prefer a career in which she spends lots of work time walking around rather than sitting in an office. a. Elementary school teacher b. Administrative support worker c. Instructional designer d. High school principal

Answers

Answer:

a. Elementary school teacher

Explanation:

An elementary school teacher refers to an individual who is an educational professional and is typically saddled with the responsibility of developing and implementing lesson plans for students in the classroom.

Basically, an elementary school teacher educate students on vital subjects such as mathematics, english language, verbal studies, quantitative reasoning etc. which forms the foundation of a student's future career, observe, analyze and evaluate the performance of each pupil, coordinate all classroom activities, enforce school and classroom rules etc. All of the aforementioned responsibilities are executed or achieved by walking around the classroom to effectively and efficiently monitor and evaluate the pupils.

In this scenario, Allesandra would like to work in a school environment, and she knows that she would prefer a career in which she spends lots of work time walking around rather than sitting in an office.

Hence, the education career which would be the best option for Allesandra, is to work as an Elementary school teacher.

Answer:

a

Explanation:

my school teacher

The least liquid of the money market securities are? fed funds. banker's acceptances. repurchase agreements. t-bills. commercial paper.

Answers

The least liquid of the money market securities among the options provided is banker's acceptances.

Banker's acceptances are a type of short-term debt instrument that is issued by a company and guaranteed by a bank. They are used in international trade transactions to provide a guarantee of payment to the seller. While they are considered relatively safe, banker's acceptances are generally less liquid compared to other money market securities.

On the other hand, the other options listed—Fed funds, repurchase agreements (repos), Treasury bills (T-bills), and commercial paper—are typically more liquid in the money market:

- Fed funds refer to overnight loans between banks, which are very liquid and play a crucial role in the interbank lending market.

- Repurchase agreements (repos) involve the sale of securities with an agreement to repurchase them at a later date, providing collateralized short-term funding and maintaining liquidity.

- Treasury bills (T-bills) are short-term debt obligations issued by the U.S. government, highly regarded for their liquidity and low risk.

- Commercial paper is a short-term debt instrument issued by corporations to finance their immediate needs. It is generally considered liquid and frequently traded.

It's important to note that liquidity can vary depending on market conditions and individual circumstances, so the relative liquidity of money market securities can fluctuate over time.

Learn more about market securities https://brainly.com/question/28222929

#SPJ11

A company selling in a national market often organizes its sales force along ________

Answers

A company selling in a national market often organizes its sales force along  geographic lines

A worldwide corporation is what?

a business that conducts business internationally. Global businesses enjoy benefits over domestic rivals in terms of research, manufacturing, marketing, and financial expenses and reputation.

Geographical sales lines:

One of the most prevalent types of the sales organization is the geographically based sales team.

This arrangement places people in certain geographic locations.

They are in charge of managing the sales operations in that region.

Such a framework is straightforward and less expensive.

Additionally, this structure encourages open communication with the clients.

Learn more about global firms :

brainly.com/question/13312055

#SPJ4

when must interest and principal payments on a Stafford Student Loan begin

Answers

Answer:

The interpretation of the issue is listed throughout the clarification section below.

Explanation:

As usual and when you get a subsidized mortgage, the economy amount to accrue, but perhaps the government will pay everything on someone's account. This seems to be the case for other education loans, individuals aren't encouraged to make additional cash receipts and cash contributions while being in education or even for 6 months after taking university or education center.

During the ____ , deliverables are accepted by the sponsoring organization or client, and historical information is transferred and archived. planning initiation closeout execution maintenance

Answers

It is during the Closeout that deliverables that are sponsored by an organization become accepted.

What Is Closeout?

closeout or clearance sale is a discount sale of inventotry by the seller because of low demand in of product or because the seller is relocating or closing ort because of bankruptcy or there is too much order on the product.

Therefore, During the Closeout, deliverables are accepted by the sponsoring organization or client, and historical information is transferred and archived. planning initiation closeout execution maintenance.

Learn more on Closeout from the link below.

https://brainly.com/question/182535

It costs a company $14 of variable costs and $6 of fixed cost to produce product M500 that sells for $30. A foreign buyer offers to purchase 3,000 units at $18 each. If the special offer is accepted and produced with unused capacity, net income will: a. increase $9,000 b. increase $6,000 c. increase $12,000 d. decrease $6,000

Answers

It costs a company $14 of variable costs and $6 of fixed cost to produce product M500 that sells for $30. A foreign buyer offers to purchase 3,000 units at $18 each.

If the special offer is accepted and produced with unused capacity, net income will be: We need to calculate the profit earned by the company with and without the foreign buyer's special offer. We can calculate the profit by using the formula; Profit = (Selling price per unit × Quantity) - (Variable cost per unit × Quantity) - Fixed Cost Where Selling price per unit = $30Variable cost per unit = $14Fixed Cost = $6Quantity = 3,000 units Profit = ($30 × 3,000) - ($14 × 3,000) - $6Profit = $90,000 - $42,000 - $6Profit = $42,000Now, with the special offer, Quantity = 3,000 units Selling price per unit = $18Variable cost per unit = $14Fixed Cost = $6Profit = ($18 × 3,000) - ($14 × 3,000) - $6Profit = $54,000 - $42,000 - $6Profit = $12,000Hence, the correct answer is option c) increase $12,000.

Learn more about costs here:

https://brainly.com/question/32462744

#SPJ11

Pompeii, Inc., has sales of $53,000, costs of $24,200, depreciation expense of $2,550, and interest expense of $2,300. If the tax rate is 24 percent, what is the operating cash flow, or OCF

Answers

Answer:

$23,052

Explanation:

The computation of operating cash flow is shown below:-

Before that we have to determine the net income which is

Income statement

Sales $53,000

Cost ($24,200)

Depreciation ($2,550)

EBIT $26,250

Interest expense ($2,300)

Earnings before tax $23,950

Tax (5,748)

(24% × $23,950)

Net income $18,202

Now,

Operating cash flow = EBIT + Depreciation - Tax

= $26,250 + 2,550 - $5,748

= $23,052

How a commitment to a decision could assist a school leaver to adapt to the change of entrepreneurship

Answers

The commitment to a decision would help the school leaver to focus on a particular goal of entrepreneurship.

What is entrepreneurship?

This is a term that is used to refer to a business owner who is an innovator who is involved in taking risks for the sake of profit.

In order to focus on the goal of entrepreneurship the person must first try to get the niche that he or wants wants to get into.

Read more on entrepreneurship here:

https://brainly.com/question/353543

With what kind of vocabulary should a person be familiar for reading the balance sheet of a restaurant easily?
A.
the names of all the items on the restaurant menu
B.
finance-related words such as depreciation, capital expenditure, etc.
C.
restaurant-related terms such as banquet, buffet, etc.
D.
marketing terms such as product lifestyle, customer lifetime value, etc.
E.
advertising terms, such as brainstorming, captions, etc.

Answers

Answer:

Explanation:

For all Plato users.

With what kind of vocabulary should a person be familiar for reading the balance sheet of a restaurant

Finance-related words such as depreciation, capital expenditure, etc. kind of vocabulary should a person be familiar for reading the balance sheet of a restaurant easily. Thus, option (a) is correct.

What is a balance sheet?

A balance sheet is a financial statement that lists an organization's assets, liabilities, and shareholder equity. One of the three important financial statements a company's evaluation will focus on is the balance sheet. It was the obligations using its current assets.

The terms depreciation, capital outlay, liabilities, assets as well as equity, and revenue should all be understood by someone who works in finance. A person can comprehend the data in a restaurant's balance sheet and make decisions about the restaurant's financial health with the aid of these finance-related terms if they are familiar with them.

As a result, the significance of the kind of vocabulary should a person be familiar for reading the balance sheet of a restaurant easily are the aforementioned.

Learn more about on balance sheet, here:

https://brainly.com/question/26323001

#SPJ5

The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows:

Answers

The management of Unter Corporation is considering an investment with the following cash flows:

Year 1: $50,000
Year 2: $70,000
Year 3: $80,000
Year 4: $90,000
Year 5: $100,000

To assess the investment's attractiveness, the management should evaluate its potential return and the time value of money. One approach is to calculate the investment's net present value (NPV), which considers the discounted value of future cash flows.

Assuming a discount rate of 10%, the present value (PV) of each cash flow can be calculated using the formula: PV = CF / (1+r)^n, where CF is the cash flow, r is the discount rate, and n is the number of years.

Calculating the PV of each cash flow:
PV1 = $50,000 / (1+0.10)^1 = $45,454.55
PV2 = $70,000 / (1+0.10)^2 = $57,851.24
PV3 = $80,000 / (1+0.10)^3 = $62,809.92
PV4 = $90,000 / (1+0.10)^4 = $66,115.70
PV5 = $100,000 / (1+0.10)^5 = $67,488.71

Summing up the present values:
NPV = PV1 + PV2 + PV3 + PV4 + PV5 = $300,720.12

The calculated NPV of $300,720.12 indicates that the investment is financially attractive. A positive NPV implies that the investment's expected returns exceed the initial cost, considering the time value of money. Therefore, Unter Corporation's management should proceed with the investment, as it is likely to generate a favorable return and contribute to the company's financial growth. However, it is crucial to consider other factors such as market conditions, competition, and strategic alignment before making a final decision.

To know more about  Corporation ,visit:
https://brainly.com/question/30029715
#SPJ11

the following information pertains to Manama plant: manufacturing costs $750,000
units manufactured $15,000 units
units sold 14,750 units
beginning finished goods inventory 0 units
Required: Compute the cost of ending finished goods inventory. Answer:

Answers

The cost of the ending finished goods inventory is $12,500, calculated by multiplying the number of units in inventory (250 units) by the manufacturing cost per unit ($50).

To compute the cost of the ending finished goods inventory, we need to consider the units manufactured, units sold, and manufacturing costs.

Given information:

Manufacturing costs: $750,000

Units manufactured: 15,000 units

Units sold: 14,750 units

Beginning finished goods inventory: 0 units

To calculate the cost of ending finished goods inventory, we need to determine the number of units remaining in inventory at the end of the period. This can be calculated by subtracting the units sold from the units manufactured:

Ending finished goods inventory = Units manufactured - Units sold

Ending finished goods inventory = 15,000 units - 14,750 units

Ending finished goods inventory = 250 units

Now, we can calculate the cost of the ending finished goods inventory by multiplying the number of units in inventory by the manufacturing cost per unit:

Cost of ending finished goods inventory = Ending finished goods inventory * Manufacturing cost per unit

Cost of ending finished goods inventory = 250 units * ($750,000 / 15,000 units)

Cost of ending finished goods inventory = 250 units * $50 per unit

Cost of ending finished goods inventory = $12,500

Therefore, the cost of the ending finished goods inventory is $12,500.

To learn more about goods inventory refer here:
https://brainly.com/question/24212079

#SPJ11

Which of the following statements best characterizes the bottom line of security for e-commerce?

A) Good security is expensive but critical, and it is the responsibility of the customer to ensure that his or her private information is secure.

B) Good security is inexpensive but critical, and it is the responsibility of the customer to ensure that his or her private information is secure.

C) Good security is expensive but critical, and it is the responsibility of the business to ensure that the customer's private information is secure.

D) Good security is inexpensive but critical, and it is the responsibility of the business to ensure that the customer's private information is secure.

Answers

Answer:

Good security is expensive but critical, and it is the responsibility of the business to ensure that the customer's private information is secure. C

Explanation:

Leadership brands involves identifying your assets--strengths, skills, and other desirable characteristics--and packaging them in a manner that enhances leadership efficacy and credibility.

Answers

Leadership brands are a way to establish a strong personal brand as a leader by identifying and showcasing your unique strengths, skills, and desirable characteristics.

This involves creating a personal brand that is aligned with your values and leadership style, and communicating this brand to others through your actions and communication. By developing a strong leadership brand, you can enhance your credibility as a leader, build trust with others, and create a clear vision for the future. Additionally, having a strong leadership brand can help you attract and retain top talent, as well as create a positive work culture that supports your organization's goals and values.

Learn more about leadership here:

https://brainly.com/question/31403160

#SPJ11

Emilee is the head of a large veterinary hospital. She takes care of many duties to keep the hospital up and running. That is why Emilee has put Alonzo in charge of Human Resources. What types of duties might Alonzo have in this position? Does allowing Alonzo to handle things like hiring new vet techs or filing the employee health insurance forms mean that Emilee does not care about the hospital? Explain how Alonzo’s position benefits Emilee in her job.

Answers

Answer:

The Human Resources (or ‘HR’) Management pathway focuses on the staff of a company. They work on planning, recruiting, hiring, training, safety, and overall employee development

Emilee have to worry about doing anything reltaed to that because she hired alonzo

The company's employees are the main focus of the Human Resources Management pathway. They are engaged in planning, hiring, training, ensuring staff safety, and general employee development. Because Emilee employed Alonzo, she must worry about taking any action related to that.

What is Human Resources Management?

The effective and efficient administration of people inside a company or organization in such a way as to give their firm a competitive advantage is known as human resource management. It is made to maximize worker performance in support of a company's strategic goals.

The practice of recruiting, hiring, assigning, and managing personnel is known as human resource management (HRM). Frequently, HRM is referred to as just "human resources" (HR).

Payroll processing, job description authoring, workplace policy creation, and benefit procurement are all common tasks in HR administration.

Learn more about Human Resources Management, here

https://brainly.com/question/29022219

#SPJ3

explain external economics and external diseconomics​

Answers

Answer:

If the social cost of an activity exceeds the costs relevant to the decision makers in the activity , there is an external diseconomy . If the benefits of an activity exceed its marginal cost , there is an external economy .

Explanation:

Thaats whaaat upp

Explanation:

If the social cost of an activity exceeds the costs relevant to the decision makers in the activity, there is an external diseconomy. If the benefits of an activity exceed its marginal cost, there is an external economy.

Classifying assets liabilities and owners equity
1. Cash
2. Alice Jones, Capital
3. Prepaid insurance
4. Steward supply company (a creditor)
5. Supplies
6. Any amount owed
7. Owners capitol account
8. Anything owned

Answers

Assets - cash, prepaid insurance, supplies, anything owned

Liability - steward supply company, any amount owed,

Owners equity - Alice Jones, owners capital account

You are a potential stockholder and are concerned that a particular company you are ready to invest in, might have too much debt. which financial statement would provide you with the information needed to evaluate your concern?

Answers

You are a potential stockholder and are worried that a particular company you want to invest in has a large amount of debt. The financial statement that provides the information necessary to assess concerns is the balance sheet.

What are balance sheets?

A balance sheet is a summary of a company's assets, liabilities and equity at a particular point in time. It is one of the basic documents that make up a company's financial statements. There are three types of balance sheets: Comparative balance sheet. Vertical balance sheet and Horizontal balance sheet.

Why use a balance sheet?

A balance sheet provides a snapshot of a company's financial position at a particular point in time. In addition to income and cash flow statements, the balance sheet helps business owners assess the financial health of their company. A balance sheet report on the organization's assets (what it owns) and liabilities (what it owes).

To learn more about balance sheet visit:

https://brainly.com/question/26323001

#SPJ4

wildhorse co. of emporia, kansas, spreads herbicides and applies liquid fertilizer for local farmers. on may 31, 2022, the company's cash account per its general ledger showed a balance of $6893.90.

Answers

An accurate and up-to-date cash account is crucial for Wildhorse Co. to monitor its financial health, manage operations, and seize growth opportunities.

Wildhorse Co. of Emporia, Kansas, provides herbicide spreading and liquid fertilizer application services to local farmers. On May 31, 2022, the company's cash account balance, as recorded in its general ledger, was $6,893.90. This balance represents the total amount of cash available to the company at that particular time.

Maintaining an accurate and up-to-date cash account is crucial for any business, as it allows them to monitor their financial health and make informed decisions. For Wildhorse Co., this cash balance includes the cumulative effects of various transactions, such as payments received from farmers for services rendered and any other cash inflows or outflows.

The cash account balance is affected by factors such as customer payments, operating expenses, equipment and supply purchases, employee wages, and any loans or financing activities. By regularly reconciling and reviewing the cash account, Wildhorse Co. can ensure that the recorded balance accurately reflects the cash on hand and effectively manage their day-to-day operations.

Maintaining a healthy cash flow is vital for the company's sustainability and growth. It enables them to meet their financial obligations, invest in necessary equipment and supplies, and seize potential business opportunities.

To learn more about the financial health

https://brainly.com/question/25652952

#SPJ11

The portion of net income on a budget referred to as discretionary income is most appropriately used for:.

Answers

Discretionary income is speaks to your net income that is not eaten up by your imediate personal needs.

Discretionary income

Generally, Net income is simply the difference of gross profit and all other expenses and all other costs

Your discretionary income comes out of your disposable income, This speaks to your net income that is not eaten up by your personal needs, its the money for left over to save, invest, or spend.

More on Career

https://brainly.com/question/1115935

How does saving money help people avoid debt?

A.by helping them reduce interest payments

B. By helping them get approved for loans

C.by helping them apply for credit cards

D. By helping them cover unforeseen expenses

Answers

Answer:

D. By helping them cover unforeseen expenses

D Helping them cover unforeseen expenses

after world war ii, the advanced industrial nations of the west committed themselves to increasing barriers to the free flow of goods, services, and capital between nations. group of answer choices true false

Answers

The statement is false that after world war ii, the advanced industrial nations of the west committed themselves to increasing barriers to the free flow of goods, services, and capital between nations

What is Barriers To Trade?A tariff, or import tax, is the most prevalent type of trade barrier. Imported items cost more than domestically manufactured goods due to tariffs (good produced at home). A government support to one domestic business over another is a typical trade barrier. Producing those things is now more affordable than selling them abroad thanks to subsidies. Government-imposed limitations on global trade are known as trade barriers. Trade restrictions are bad for the global economy and reduce overall economic efficiency, claims the comparative advantage argument.Trade hurdles include a variety of challenges exporting nations experience while sending commodities abroad. Depending on the time and distance between the countries, these trade obstacles can occasionally be purely natural. Trade barriers can occasionally be the result of government action. Tariffs and quotas are two of these restrictions.Following World War II, the developed industrialized nations of the West made a commitment to erect more obstacles to the free flow of people, capital, and services across borders. The aforementioned claim is untrue.The industrialized West strove to open up its economies following World War II. As a result, they switched from a closed to an open economy. Due to a decrease in trade restrictions, products and services could flow freely. Nations were allowed to trade freely to benefit from trade when all cultural and political barriers were removed.

To learn more about Barriers To Trade refer to:

https://brainly.com/question/26041003

#SPJ4

Other Questions
Discuss the two dichotomous models of modern human origins. What do we refer to them as and what are the key points? Is one model more accurate or supported? And, if so, what evidence supports the model. 10-15 sentence What are the ordered pairs of the solutions for this system of equations? f(x)=x-2x+3; f(x)=-2x+7 John, Mary and Richard together have 37 apples. If John has 5 apples less than Mary and Richard has twice as many apples as John, than how many apples has Richard more than Mary?Try your best! Is "The measures might/ and his mind-plans" an alliteration??? Economists use gross national product (GNP) to measure The largest prime number between 10 and 20 is Susan opened her own dog walking business. Shewalks the dogs 1.2 a mile each day 5 days a week.How many miles does Susan walk the dogs in 5 days? the angle 01 is located in quadrant i, and sin(01) = 11/61. what is the value of cos(01)? Write a plan for your presentation that explains the stepsyou'll take to convince your town representatives to holda diversity day celebration.Someone help meee!^ dont give me the sample response! the interpretation of the wavefunction that describes them as probability amplitudes was developed by: During the whole of a dull, dark, and soundless day in the autumn of the year, when the clouds hung oppressively low in the heavens, I had been passing alone, of country, and at length found myself, as the shades of evening drew on, within view of the melancholy House of Usher. I know not how it was -but, with the fi insufferable gloom pervaded my spirit.What mood do these lines evoke in the reader? What were Roosevelt's New Deal programs trying to get rid of? a videotape will be a document or thing depending on the ________ it contains. true and false ..12-Customization can only be applied to some parts of the offer13-Mass Customization is the same as offering customers more choice.14-Tour operators are an example of Product- service bundling15-A brand is specifically the symbol that distinguished a product from its competitors.16- Quality is fitness for purpose, proposes that quality is measured by creating products that meet customers' expectations.17-The criteria for segmenting consumer markets is grouped into two categories: user attributes and benefit segmentation HELP!! will give brainliest!! You have been installed a chief in your hometown. Write a letter to your friend in another school telling him at least two things you intend doing to develop the town Practice1. Sketch a graph of a polynomial function f(x) having the given characteristics.. The graph of f(x) has x-intercepts at x = -3, x = 0, and x = 3. f(x) has a local maximum value when x = 2. f(x) has a local minimum value when x = -1. Which of the following measurements might be abnormal based on the information provided? Select all correct answers.urine glucoseurine ketoneshemoglobin A1Cblood glucose please help me ill give u a brainliest Ben is assigned by his employer to improve an ultrasonic range-finding device. While working on the improvement, he recognizes that a novel modification of the equipment might be applicable to military submarines, which, if successful, could be worth a lot of money to his employer. However, Ben is a pacifist, a person who opposes war of any kind, and does not want to be involved in military work. He does not develop the idea himself or mention it to anybody else in the company. He has signed an agreement that all inventions he produces on the job are the property of the company but does not believe the agreement is relevant to this situation. If Ben decides whether the potential military application would be used for offensive aims, or only used for defensive purposes, his issue is primarily: