Answer:
Net Increase in profit is $27,000
Explanation:
* The data was missing in this question, a similar question is attached with the answer, and answer is made accordingly. Please find it.
Sales ( $350,000 x 120% ) = $420,000
- Variable cost ( 40% ) = $168,000
- Traceable fixed cost( 175000+15000) = <u>$190,000</u>
Net Profit = $62,000
Net Increase in Net Income = $62,000 - ( 350,000 - (350,000 x 40%) - 175,000 ) = 27,000
Explanation:
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Answer:
Usually right between 100,000 and 600,000.
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Answer:
The correct option is d. Non cash activity
Explanation:
Operating Activity: The operating activity is that activity which records any changes ion the working capital or we can say increase or decrease in the currents assets and current liabilities.
Investing Activity: The investing activity records all those transactions which are related to the purchase and sale of fixed assets
Financing activity: It records those transactions which is for the long term i.e issue of shares, the redemption of debentures, etc.
All these three activities are term as cash activities because it includes cash transactions.
So, in the given question it is mentioned that the purchase of equipment by issuing a long-term note payable which is a non-cash activity because it does not have any cash transaction. It does not affect the cash balance.
Thus, under non-cash activity, we classify the purchase of equipment by issuing a long-term note payable
Hence, the correct option is d. Non-cash activity
