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4 years ago

The comparative balance sheets for 2018 and 2017 are given below for Surmise Company.

Business

1 answer:

ki77a [65]4 years ago

4 0

Answer:

Explanation:

Net income - (159-173) (14)

Add back depreciation (137-108) 29

Add back amortization ( 26-25) 1

Operating profit 16

Increase in noncollectible account (24-4) 20

Increase in note payable (48-0) 48

Decrease in receivable (106-89) 17

Decrease in payable (42-19) (23)

Decrease in accrued liabilities ((20-4) (16)

Increase in prepaid expenses (19-16) (3)

Increase in inventory (132-110) (22)

Operating profit before tax 37

Financing activities

Common stock (69-50) 19

Issue of paid capital (261-205) 56

Lease income (122-0) 122

Redemption of bonds (132-64) (68)

Cash flow from financing activities 129

Investing activities

Long term investment ( 89-50) (39)

Building and equipment (400-270) ( 130)

Cash flow from investing activities (169)

Increase in cash ( 3)

Cash at the beginning of the year 58

Cash at year end 55

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Answer:

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Explanation:

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Answer:

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The price of coffe beans use to make coffee has decreased. At the same time, the price of cream (a compliment good) has increase

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Answer:

The correct answer is:

Equilibrium price will decrease; the effect on quantity is ambiguous. (D)

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