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Tems11 [23]
2 years ago
15

Cvp analysis is not important in

Business
1 answer:
Luba_88 [7]2 years ago
6 0

Calculating depreciation expense does not require Cvp analysis.

Depreciation expense is the term used in accounting to describe how the cost of a fixed asset decreases over time as a result of wear and tear until the asset becomes obsolete.

Some assets that are susceptible to damage or obsolescence include machinery, vehicles, equipment, and buildings.

Depreciation expense is the term used to describe costs that are attributed to fixed assets based on how much such assets are used up over the accounting period in accordance with the company's accounting policy.

Depreciation expense, which is used to illustrate how much of an asset's value a corporation has used over time, is not viewed as a cash transaction for accounting reasons.

Learn more about depreciation expense here

brainly.com/question/15024945

#SPJ4

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Leather ShopLeather Shop earned net income of $57,000 after deducting depreciation of $5,000 and all other expenses. Current ass
slavikrds [6]

Answer:

$75,000

This option has not been provided

Explanation:

Cash provided by operating activities

Net Operating Income

Add: Depreciation

Add: Decrease in current assets

Add: Increase in Current Liabilities

Using the information in question, we have

Cash Provided by operating activities = $57,000 + $5,000 + $4,000 + $9,000 = $75,000

None of the above is the right answer as the correct option is not available.

8 0
3 years ago
Varughese Inc. is working on its cash budget for March. The budgeted beginning cash balance is $33,000. Budgeted cash receipts t
Greeley [361]

Answer:

24000

Explanation:

$33000 + $182000 - $191000 = 24000

3 0
3 years ago
Sudoku Company issues 24,000 shares of $8 par value common stock in exchange for land and a building. The land is valued at $236
nikitadnepr [17]

Answer:

The journal entry for the issuance of the stock is shown below:

Explanation:

Land A/c....................................................................................Dr    $236,000

Building A/c...............................................................................Dr    $378,000

 Common Stock A/c..................................................................................Cr $192,000

 Paid in Capital in excess of par value of Common stock A/c.......Cr   $422,000

Working Note:

Common Stock = Number of shares × Rate per share

= 24,000 × $8

= $192,000

Paid in Capital in excess of par value of Common stock = (Land + Building) - Common Stock

= ($236,000 + $378,000) - $192,000

= $614,000 - $192,000

=$422,000

7 0
3 years ago
1. On December 31st, 2012, Bingo Corp. borrowed $50,000 from a bank. Half of the loan was to be repaid in 2013, and the other ha
olga2289 [7]

Answer:

undervalued assets an liabilities by 50,000

Explanation:

The financial statement for the fiscal year ended on December 31th, 2012

will have the following mistake:

Liabilities are undervalued by 50,000

Cash wll be undervalued by 50,000

As the note payable is not recorded neither the cash receipts from the loan.

Because this transaction is missing, we are not doing a correct representation of reality. This account will be undervalued.

4 0
4 years ago
Ashton has begun the plannig process for
Angelina_Jolie [31]
For his entreprenevrial venture
4 0
3 years ago
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