Answer:
Explanation:
The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:
Cash flow from Operating activities - Indirect method
Net income $178,150
Adjustment made:
Add : Depreciation expense $36,430
Add: Loss on disposal of plant assets $5,190
Less: Increase in accounts receivable -$16,500
Less: Increase in prepaid expense -$3,970
Add: Increase in accounts payable $18,040
Total of Adjustments $39,190
Net Cash flow from Operating activities $217,340
Answer:
Option D. 0.63
Explanation:
Equity ratio can be calculated by dividing Total equity and total
assets as given in the question
DATA
Total assets = $372,000
Total Equity and liabilities = $372,000
Solution
Total equity = total assets - total liabilities
Total equity = $372,000 - $93,000 - $44,000
Total equity = $ 235,000.
Equity Ratio = Total Equity / Total Asset.
Equity Ratio = $ 235,000 / $ 372,000
Equity Ratio = 0.63.
Answer:
$75,300
Explanation:
The computation of the balance in the land is shown below;
Purchase cost
$460,000
Add:
Demolition of existing building on site
$71,000
Add:
Legal and other fees to close escrow
$12,900
Less:
Proceeds from the sale of demolition scrap
($8,600)
Balance in the land
$75,300
Therefore, balance in the land account as of December 31, 2021 is $75,300
It will definitely decrease, as consumers will have to pay more and a deadweight loss will be present. Search up 'price floors and deadweight loss'.
Answer:
This is the table that the question is referring to:
Price QJ QS
5 4 2
10 3 1
15 2 0
20 1 0
Total market demand is the sum of the individual market demands. In this market, it is the sum of the market demand of Jake and Sue.
Market demand at the price of $5 is 7 pizzas.
Market demand at the price of $10 is 4 pizzas.
Market demand at the price of $15 is 2 pizzas.
Market demand at the price of $20 is 1 pizza.
