Answer:
$146,150.00
Explanation:
Net income is net of taxes.
Here,
Sales = $820,000.00
Less: Costs = -$540,000.00
Gross profit = $280,000.00
Less: Finance Costs
Interest = -$36,000.00
Depreciation = -$59,000.00
Net profit before Tax = $185,000.00
Less: Tax @ 21% of $185,000.00 = - $38,850.00
Net Income (after tax) = $146,150
Net income is always computed after tax.
$146,150.00
<span>A.) Jessica is low risk and will pay her outstanding balances on time.</span>
Answer:
The answer is: $47,700
Explanation:
To determine net working capital we use the following formula:
Net working capital = total current assets - total current liabilities
- Current assets: assets that can be converted to cash within a on year period (e.g. cash, account receivables, inventory, etc.)
- Current liabilities: debts that should be paid within a one year period (e.g. accounts payable, wages, taxes, etc.)
Net working capital = $119,800 (current assets = total assets - net fixed assets) - $72,100 (current liabilities)
Net working capital = $47,700
Answer:
a. Merina's captal is $160,000. Half would be $80,000.
Entry;
DR Merina, Capital ..................................................................$80,000
CR Wayne, Capital ....................................................................................$80,000
(To record purchase of half of Merina Capital)
b.
DR Cash......................................................................$180,000
CR Wayne, Capital.........................................................................$180,000
(To record Wayne investment)
<u>Working</u>
The current Capital amount is;
= 200,000 +160,000
= $360,000
If Wayne joins and adds to this such that he owns 1/3 then;
2/3x = 360,000
x = 360,000/2/3
x = $540,000
Wayne's share would be;
= 1/3 * 540,000
= $180,000
Why should i ever care just kidding
