Answer: Other Engineers.
Explanation:
In the event of a bridge collapse the engineer that supervised the project would be held responsible because he/she was unable to avoid all possible factors that could have led to the bridge collapse, as is required in the engineering profession. Therefore, when supervising a construction job the engineer in charge has to ensure that all possible factors that can lead to structure failure is eliminated.
Answer and Explanation:
The Preparation of classified balance sheet for Volz Cleaning, Inc., at the end of March is shown below:-
Assets
Current Assets:
Cash $27,000
($45,000 - $8,000 - $2,000 - $7,000 + $3,000 - $4,000)
Investment (short term) $4,000
($7,000 - $3,000)
Notes receivables $2,000
Total Current Assets $33,000
Long Term Non Current Assets:
Computer equipment $4,000
Delivery Truck $35,000
Total long term $39,000
Total assets $72,000
Liabilities
Liabilities
Notes payable $27,000
Total liabilities $27,000
Stockholder equity
Common Stock $6,000
Additional Paid in Capital $39,000
Total Stockholder's equity $45,000
Total Liabilities & Stockholder's
equity $72,000
Answer:
Option "Inversely" is correct.
Explanation:
Option “Inversely” is correct because the increase in price level exhibits inflation and a rise in inflation decreases the purchasing power of money. However, if the price level decreases or inflation decreases, then the purchasing power of money increases. Therefore we can see that increase in price level decreases the purchasing power and a decrease in price level increases the purchasing power. Therefore, there is an inverse relationship.
Answer:
The answer is: Assigning accounts receivables as collateral for a bank is not a asset transfer.
Explanation:
Even as the bank offers Sun Inc. with a factoring limit, the accounts receivables are still in the firm's accounting book. The firm has the obligations to go after their debtors for collections. The account receivables are transferred to creditors when a company becomes defaulted or bankrupted.
Answer:
Net Increase in cash = $124,200
Explanation:
Note: The correct value for Year 2021 inventory is $510,300 not $10,300.
Also note: See the attached excel file for the statement of cash flows for 2022.
In the attached excel file, the following workings are used:
Workings:
w.1: Increase in accounts receivable = Account receivable in 2022 - Account receivable in 2021 = $237,600 - $205,200 = $32,400
w.2: Decrease in inventory = Inventory in 2022 - Inventory in 2021 = $450,900 - $510,300 = -$59,400
w.3: Decrease in accounts payable = Accounts receivable 2022 - Accounts receivable 2021 = $105,300 - $116,100 = -$10,800
w.4: Disposal of land = Land in 2021 - Land in 2022 = $270,000 - $216,000 = $54,000
w.5: Purchase of equipment = Equipment in 2022 - Equipment in 2021 = $702,000 - $540,000 = $162,000
