Business, 23.09.2019 21:30 josephraven7942
The most recent financial statements for hornick, inc., are shown here (assuming no income taxes): income statement balance sheet sales $ 8,300 assets $ 23,200 debt $ 9,000 costs 5,490 equity 14,200 net income $ 2,810 total $ 23,200 total $ 23,200 assets and costs are proportional to sales. debt and equity are not. no dividends are paid. next year’s sales are projected to be $9,545. what is the external financing needed? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)
Answers: 2
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Herman is covered by a cafeteria plan by his employer. his adjusted gross income (agi) is $100,000. he paid unreimbursed medical premiums in the amount of $10,500 and he itemizes deductions. what amount will herman be able to deduct for his medical insurance premium expenses?
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Which of the following statements about the relationship between economic costs and accounting costs is true? multiple choice accounting costs are equal to or greater than economic costs. accounting costs must always equal economic costs. accounting costs are always greater than economic costs. accounting costs are always less than or equal to economic costs.
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The most recent financial statements for hornick, inc., are shown here (assuming no income taxes):...
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