Answer:
B. Decrease $19,000
Explanation:
The computation of the amount affect the operating income is shown below
But before that first we need to find the new operating income
Total operating income for Cat Food $280,000
Less: Fixed costs for Dog Food ($52000)
Add: rented per year $26000
New net operating income $254000
Now decrease in net operating income is
= operating income - new operating income
= $273,000 - $254,000
= $19,000
Answer:
Royalty
Explanation:
The difference in their earnings would be by the Royalty they receive from their publications. If the Royalty of one teachers publications is more than that person would be earning more.
Royalty is dealt through a different account called Royalty Account.
Answer:
1. Cash will increase by $18,700 for the services to be rendered over the 12 months.
2. Cash will reduce by $64,000 for the legal service acquired.
3. No effect on cash as the transaction is on accounts.
4. Cash will decrease by $1,250 for the supplies purchased.
5. Cash will decrease by $6,000 for the dividends paid.
6. Cash will decrease by $20,000 due to operating expenses
7. no effect on cash
8. no effect on cash.
Explanation:
The business transactions recorded by Hart, Attorney at Law, These transactions have impact on the cash. The inflow and outflow of cash is recorded in the cash flow statement. Transaction no. 3, 7 and 8 will have no effects on cash balance of the company.
A student loan is money a person borrows to pay for college tuition
According to tha data,
Receivable stock Turnover ratio = Credit sales / Average debtor
= $4,552 / ($505+$508)÷2
= $4,552 / $506.5
= 8.99
Inventory stock Turnover ratio = Cost ot goods sold / Average Inventory
= $2,637 / ($251+$240)÷2
= $2,637 / $245.5
= 10.74
Current ratio = Current assets / current liabilities
Current assets=$513+$508+$251+$26 = $1,298
Current Liabilities = $150+$377+$1+$102 =$630
Current ratio = $1,298 / $630
= 2.06
Cash ratio = Cash and cash equivalents / Total current liabilities
= $513 / $630
=0.81
Tines Interest earned ratio = Earnings before interest and tax (EBIT)/ Interest
EBIT = Net income + Tax expense + Interest expenses
= $374 + $233 +$72
= $679
Times interest earned ratio = $679 / $72
= 9.43
Cash Coverage ratio = Cash flows from operating activities / Cash paid for interest
= $608 / $65
= 9.35
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