Question Completion:
A)Have no impact on the Net Cash from Operations as depreciation appears in both the Cash Flow and the Income Statement
B)Decrease Net Cash from Operations on the Cash Flow Statement
C)Increase Net Cash from Operations on the Cash Flow Statement
D)Just impact the balance sheet
Answer:
C)Increase Net Cash from Operations on the Cash Flow Statement
Explanation:
When Andrews increases the depreciation charge of $3,144,267 to a higher amount, this will decrease the net operating income. In computing the adjustment to net income for non-cash expenses, the increased depreciation will automatically increase the net cash from operations because of the tradeoff effects. So, on the financial statements of Andrews, specifically on the Statement of Cash Flows, the increased depreciation expense or charge will positively increase the net cash from operating activities.
Answer:
the ending inventory is $13,200
Explanation:
The computation of the dollar value of the ending inventory under variable costing is shown below:
= Variable production cost per unit × difference in units
= $13.20 per unit × (5,200 units - 4,200 units)
= $13.20 per unit × 1,000 units
= $13,200
hence, the ending inventory is $13,200
Project Sponsor, Most project sponsors have many interested parties or stakeholders, but someone must take the primary role of sponsorship.
Answer:
Consolidated income: 954,800 dollars
Explanation:
Gallow income x race participation:
$ 204,000 x 80% = $ 163,200
The gross profit in the infra-entity transaction will be eliminated
$ 450,000 - $ 330,000 = $ 120,000 gross profit
15% remains at Gallow so: $ 120,000 x 15% = $ 18,000 gross profit for the unsold inventory.
We now multiply by Race participation: $ 18,000 x 80% = $ 14,400 unrealized gain.
Consolidated income:
Race income: 806,000
Gallo income 163, 200
unrealized gain (14, 400)
Total: 954,800
