Answer and Explanation:
1. Gain on sale of land
It is come from
= Sale value - book value
= $240,000 - $200,000
= $40,000
Since there is a gain of $40,000 which is to be deducted from a net income under the cash flow from operations
2. Cash received from sale of land
The cash is received from sale of land reflects that the cash is come i.e inflow of cash and the same is to be reflected under the cash flow from investing activities in a positive amount i.e $240,000
3. Cash paid for purchase of land
The cash is paid for purchase of land reflects that the cash is gone i.e outflow of cash and the same is to be reflected under the cash flow from investing activities in a negative amount i.e -$400,000
The roles of these professional associations have been variously defined: "A group of people in a learned occupation who are entrusted with maintaining control or oversight of the legitimate practice of the occupation;"[1]also a body acting "to safeguard the public interest;"[2]<span> organizations which "represent the interest of the professional practitioners," and so "act to maintain their own privileged and powerful position as a controlling body."</span><span>[2]</span>
Answer:
Option b is correct
Explanation:
The requirement of this service is to be independently derived because the procedures vary according to needs of the parties involved in the agreement.
Answer: $2750
Explanation:
The original budget was $50,000 for the month, $20,000 has been spent already after which there was a revision of the monthly budget to $75,000.
Since $20000 has been spent, the remaining budget will be:
= $75000 - $20000
= $55000
Also, the money was spent for 11 days, therefore the number of days remaining will be:
= 31 - 11
= 20 days.
Therefore, the new daily budget for the month will be:
= $55,000 / 20 days
= $2,750
Answer: -0.93%
Explanation:
In 3 months time Chrysler will have to pay a yield of 6.93% when in fact 3 months from now, had they not bought the futures, they would have to pay 6%.
This means that they will have overpayed with the futures contract.
The amount in interest they overpayed by can simply be calculated as,
= Floating Rate 3 months from.now - Effective yield on Futures contract
= 6% - 6.93%
= -0.93%
Chrysler made a loss of (0.93% )
