The interest rate is the price paid for use of<br> a.

The following information is taken from the operating section of the statement of cash flows (direct method) of Battery Builders

ollegr [7]

Answer:

See below

Explanation:

1. Complete accrual basis income statement

Sales

($28,000 + $3,000)

$31,000

Less cost of goods sold

($13,000 + $2,000 - $3,000)

-$12,000

Operating expenses

($9,000 - $2,000)

-$7,000

Depreciation expenses

-$4,000

Income tax

($4,000 + $1,000)

-$5,000

Amortization expense

-$1,000

Gain on sale of equipment

$2,000

Net income

$4,000

2. Cash flow statement (Indirect)

Net income

$4,000

Adjustments;

Add depreciation

$4,000

Add write off intangibles

$1,000

Less gain on sale of equipment

-$2,000

Less increase in accounts receivables

-$3,000

Less increase in inventory

-$3,000

Add increase in accounts payable

$2,000

Less decrease in accrued payable

-$2,000

Add increase in deferred income tax payable

$1,000

Net cash from operations $2,000

7 0

2 years ago

slader Each month Leo must make copies of a budget report. When he uses both the large and the small copier, the job takes 30 mi

storchak [24]

Based on the time it takes Leo when he uses two machines, the length of time it will take if the large copier is broken is <u>75 minutes. </u>

<h3>How long will it take if the large copier is broken?</h3><h3 />

This can be found by the formula:

= 1 / ( (1 / time taken with both copiers) - (1 / time taken with large copier) )

Solving gives:

= 1 / ( ( 1 / 30) - (1 / 50))

= 1 / (1 / 75)

= 75 minutes

Find out more on budget reports at brainly.com/question/25812320.

7 0

2 years ago

According to the factor price equalization theorem, if country B is labor abundant, then if country B initiates trade with count

yKpoI14uk [10]

Answer:

wages should rise and rents should fall in A

Explanation:

The Factor Price Equalisation Theory states that when two countries trade, the price of identical factors of production will tend to be equalised across the countries. Factors of production include wage rate and rent of capital.

So if a country that is labour abundant trades with another country A there will be tendency for exportation of the excess labour of country B to country A.

As a result country A will become more labour intensive and wages of workers will rise since focus is more on use of labour.

However since less capital will now be used the money spent on renting capital will reduce.

6 0

2 years ago

A u.s. consumer electronics company has to shut down because it cannot compete against foreign manufacturers. for the united sta

liq [111]

<span>This is an example of a cost of international trade. This can make it so that some domestic businesses lose their market share to foreign companies. This can create less profits for the company and made it so that it is difficult to create jobs.</span>

8 0

3 years ago

The following shows annual production costs and profits at Gauss-Jordan Sneakers, Inc. A - B - C - D Production Costs : 2004 - 2

mars1129 [50]

Answer:

A B C D

Production Costs : 2004 - 2005 - 2006

Gauss Grip : $2,300 - $2,700 - $2,900

Air Gauss : $1,900 - $2,200 - $1,700

Gauss Gel : $2,000 - $2,500 - $1,800

Profit : 2004 - 2005 - 2006

Gauss Grip : $12,000 - $16,000 - $18,000