Answer:
a. $33,000.
b. $36,000.
Explanation:
Net income is calculated as sales minus cost of goods sold, selling, general and administrative expenses, operating expenses, depreciation, interest, taxes, and other expenses. It is also called net earnings.
Now, Cash accounting recognizes revenue and expenses only when money changes hands, but accrual accounting recognizes revenue when it's earned, and expenses when they're billed (but not paid).
a. 2014 Cash-basis net income:
Primo Industries collected $105,000 from customers in 2019
Primo Industries also paid $72,000 for expenses in 2019
=105,000-72,000
=$33,000
b. 2014 accrual-basis net income.
=(105,000-25000+40000)-(72000-30000+42000)
=120000-84000
=$36,000
If the demand for steak (a normal good) shifts to the left, the most likely reason is that consumer income has fallen.
<h3>What is a normal good?</h3>
Normal goods are goods that are goods whose demand increases when income increases and falls when income falls.
The demand curve shows the relationship between price and quantity demanded. A shift to the left of the demand curve indicates that demand has decreased.
To learn more about normal goods, please check: brainly.com/question/2934596
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Answer:
18.49%
Explanation:
The internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.
The IRR can be calculated using a financial calculator:
Cash flow in year 0 = –$28,500
Cash flow in year 1 = $12,500
Cash flow in year 2 = 15,500
Cash flow for year 3 = $11,500
IRR = 18.49%
To find the IRR using a financial calacutor:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
I hope my answer helps you
Answer:
B). increase by the same amount of deposits
Answer:
E) $3.00.
Explanation:
The computation of direct materials cost per equivalent unit is shown below:-
Equiavent unit with respect to material = $31,000 + $88,000 + $30,000
= 149000 units
Total direct material cost = $109,600 + $336,800
= $446,400
Direct materials cost per equivalent unit = Total direct material cost ÷ Equiavent unit with respect to material
= $446,400 ÷ 149,000
= $3 per unit
So, we have applied the above formula.
