Answer:
2.56 years
Explanation:
Payback period calculates the amount of time it takes to recover the amount invested in a project from its cumulative cash flows.
payback period = amount invested / cash flows
cash flows = $510,000 - $360,000 = $150,000
$384,000 / $150,000 = 2.56 years
Answer:
$9,000
Explanation:
Calculation of the amount that Deb must include in her gross income
Total assets $264,000 -Remaining loans $255,000 =$9,000
Therefore the amount that Deb must include in her gross income would be $9,000. Hence a discharge of indebtedness will not be taxable in a situation where the taxpayer is insolvent before and after the debt might have been forgiveness and in a situation where the the discharge of indebtedness tend to makes the taxpayer solvent, the taxpayer will tend ro recognizes the taxable income to the extent of his solvency.
Answer:
2.00 times
Explanation:
The computation of receivables turnover ratio is shown below:-
Receivable turnover ratio = Net Sales ÷ (Beginning receivables + Ending receivables) ÷ 2
= $212,000 ÷ ($60,000 + $46,000)
= $212,000 ÷ $106,000
= 2.00 times
Therefore, for computing the receivable turnover ratio of 2021 we simply applied the above formula and as per the question the option is not available.
<span>C. Val always thought snowmobiles were really cool.</span>