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2 years ago

Which is not a reason for supporting ethical relativism?

1 answer:

4 0

This is not the reason why not support ethical relativism; Ethical relativism holds that there is a right and wrong, even though we do not agree about what is right and wrong and If people disagree about some moral matter, their disagreement will always be due to their having different moral values.

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Patterson Brothers recently reported an EBITDA of $16.5 million and net income of $2.6 million. It had $2.0 million of interest

maria [59]

Answer:

Depreciation and amortization = $10,500,000

Explanation:

EBT = Net Income / (1 - Tax rate)

EBT = 2,600,000 / (1 - 0.35)

EBT = $4,000,000

EBIT = EBT + Interest

EBIT = $4,000,000 + $2,000,000

EBIT = $6,000,000

EBIT = EBITDA - Depreciation and amortization

$16,500,000 = $6,000,000 - Depreciation and amortization

Depreciation and amortization = $16,500,000 - $6,000,000

Depreciation and amortization = $10,500,000

7 0

2 years ago

The ledger of Tamarisk, Inc. at the end of the current year shows Accounts Receivable $109,000; Sales Revenue $830,000; and Sale

Rashid [163]

Answer:

(A)

bad debt expense 1,500 debit

account receivable 1,500 credit

(B)

bad debt expense 9,490

allowance for doubtful accounts 9,490

(C)

bad debt expense 10,015

allowance for doubtful accounts 10,015

Explanation:

(A)

Direct write-off doesn't use allowance,

bad debt is done directly to account receivable.

(B)

allowance = 11% of AR = 11% of 109,000 = 11,990

balance (2,500 credit)

11,990 - 2,500 = 9,490

(C)

allowance = 9% of AR = 9% of 109,000 = 9810

balance 205 debit

9,810 + 205 = 10,015

Comments: the allowance is expected to be 9% or 11% of AR

so the goal for B and C is to reach a final balance of 9% or 11% of AR

so we have to subtract the balance from the expected allowance to knwo the adjustment.

5 0

2 years ago

The last time he flew Jet Value Air, Juan's plane developed a fuel leak and had to make an 4) emergency landing. The time before

IrinaK [193]

Answer:

Explanation:

The answer is C) selective perception because juan has only had a couple of experiences causing him to make up his mind

8 0

2 years ago

Python Company sells merchandise on account for $5000 to Monte Company with credit terms of 2/10, n/30. Monte Company returns $1

Lisa [10]

Answer:

amount of the check = $3430

Explanation:

given data

sells merchandise account = $5000

credit terms of 2/10, n/30

Company returns = $1500

to find out

amount of the check

solution

we will find here amount of the check that is express here as

amount of the check = (sells merchandise account - Company returns) × (100 - n ) .......................1

put here value in equation 1 we get

amount of the check = (5000 - 1500 ) × (100% - 2%)

amount of the check = (3500 ) × (98%)

amount of the check = $3430

7 0

2 years ago

On January 2013, Pennington Bancorp acquired $100,000 of marketable securities and classified them as Available for Sale. On Mar

saveliy_v [14]

Answer:

b. Net Income

e. Cash from Investing Activities

Explanation:

Calculation to determine Which of the following items would be increased by the sale of the marketable securities

Using this formula

Gain from investment = Selling price of the security - Value of the security

Let plug in the formula

Gain from investment= $93,000 - $85,000

Gain from investment= $8,000

Based on the above calculation The sell of marketable security will INCREASE CASH which means that CASH FROM INVESTING ACTIVITIES will increase and NET INCOME will increase.

Therefore the items that would be increased by the sale of the marketable securities are :

b. Net Income

e. Cash from Investing Activities

4 0

2 years ago