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2 years ago

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Edward philips signs a deed allowing the utility company to suspend power lines over his land. a utility company's right to use

edward's land for suspending power lines is called a(n):

1 answer:

IRISSAK [1]2 years ago

5 0

This is an example of an Easement, an easment is the right to use someone else's land for a specific purpose.

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Which would you expect to be the biggest amount on your pay stub?

marusya05 [52]

Answer:

Gross Income is the answer!

Explanation:

6 0

2 years ago

Read 2 more answers

Montclair Corporation had current and accumulated E&P of $500,000 at December 31, 20X3. On December 31, the company made a d

siniylev [52]

Answer:

The tax consequences of the distribution to Montclair in 20X3 would be a $150,000 gain recognized and a reduction in E&P of $175,000.

Explanation:

The distribution company distinguishes profit on the distribution, which is included in E&P netting of tax and decreases E&P by rhe lands fair market value fewer the liability believed by the shareholders.

Therefore, The tax consequences of the distribution to Montclair in 20X3 would be a $150,000 gain recognized and a reduction in E&P of $175,000.

3 0

2 years ago

Following are financial data from year-end financial statements of Portland Company for 2017, 2016 and 2015.

denpristay [2]

Answer:

Answers are calculated below

Explanation:

Financial ratios can be calculated according to their formulas. Both formulas and calculation are as follows

CURRENT RATIO

Current ratio = Current assets/current liabilities

Current ratio (2016) = $360,000/$250,000

Current ratio (2016) = 1.44

Current ratio (2017) = $450,000 / $300,000

Current ratio (2017) = 1.50

ACID RATIO

Acid ratio = (Current asset - inventory)/current liabilities

Acid ratio (2016) = (360,000 - 165,000)/250,000

Acid ratio (2016) = 0.78

Acid ratio (2017) = (450,000-225,000)/300,000

Acid ratio (2017) = 225,000/300,000

Acid ratio (2017) = 0.75

INVENTORY TURNOVER RATIO

Inventory turnover ratio = cost of good Sold / Average inventory

Inventory turnover ratio (2016) = 864,000/(360,000 ÷2)

Inventory turnover ratio (2016) = 864,000/180,000

Inventory turnover ratio (2016) = 4.80

Inventory turnover ratio (2017) = 1,023,750 / ( 390,000 ÷ 2)

Inventory turnover ratio (2017) = 1,023,750 / 195,000

Inventory turnover ratio (2017) = 5.25

DAYS SALE IN RECEIVABLE

Days sale in receivable = 365/Average receivable turnover ratio

Days sale in receivable (2016) = 365/ 12.67(w1)

Days sale in receivable (2016) = 28.81 days

Days sale in receivable (2017) =365/11.7(w1)

Days sale in receivable (2017) = 31.20 days

Working 1

Account receivable turnover ratio = Sales/ Average receivable

Account receivable turnover ratio (2016) = 1,752,000/138,288(w2)

Account receivable turnover ratio = 12.67 times

Account receivable turnover ratio (2017) = 1,642,500/140,351(w2)

Account receivable turnover ratio (2017) = 11.7 times

Working 2

Average receivable = (Opening + Closing) /2

Average receivable (2016) = (132,000 + 144,576) /2

Average receivable (2016) = 138,288

Average receivable (2017) = (144,576 +136,125 ) /2

Average receivable (2017) = 140,351

7 0

2 years ago

Teresa looks over her notes about conversational customs in Europe, and then she carefully plans what time shell place a busines

Lunna [17]

Explanation:

This question configures that Teresa works in a globalized company.

Teresa's behavior is justified by the fact that she wants to adapt to the global ethical values of the company and the country with which she will communicate, so that her operating stance in a different country changes so that there is greater understanding through communication and so that there is no ethical conflict related to the culture, behavior or customs of company workers in another country.

5 0

2 years ago

Swenson’s Ice Cream is doing business in Somalia. After three successful years of operating three ice cream parlors in the count

Lena [83]

Answer: Option B

Explanation: In simple words, exporation refers to a process under which the state or any other such authority take over any property from its owner. This could occur for any kind of social reasons.

In the given case, the ice cream parlors were the property of swenson's ice cream but the state took over it and starts operating it on their own.

Hence from the above we can conclude that the correct option is B.

7 0

2 years ago