Based on Rachel's Recording net income and Account Receivables and Payables, the net cash from operating activities must be<u> c. $256,000</u>
When calculating net cash from operating activities:
- Increases (decreases) in Accounts Receivables are deducted (added) from the net income
- Decreases (increases) in Accounts Payable are deducted (added) from net income
The net cash from operating activities will therefore be:
= 240,000 + (19,000 - 8,500) + (28,000 - 22,000)
= 240,000 + 10,500 + 6,000
= $256,500
In conclusion, the net cash from operations is $256,000
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Answer:
Unearned subscription
2016 deferred tax asset
2017 deferred tax liability
2018 deferred tax asset
Explanation:
The balance sheet account is unearned subscription which is a liability account,
It is a liability because the company already collected cass but is yet to provide the necessary services paid for the by the customers.
Earned subscription account is sales revenue account which is a profit and loss item.
($'000) 2016 2017 2018
taxable income $290 $220 $260
Pretax accounting income ($250) ($240) ($230)
Deferred tax asset/(liability) $40 ($20) $30
When taxable income is more than pretax accounting income, the resulting effect is a deferred tax asset which shows that tax was charged on a higher taxable income which provides tax relief in future.
When pretax accounting income is higher,it implies that tax was calculated on a lower taxable income and that more tax would be incurred in the future when the temporary difference reverses.
Answer:
Jerry
<u>$20,589.67</u>
Elaine
<u>$19,352.40</u>
George
<u>$31,443.62</u>
Kramer
<u>$28,022.87</u>
Explanation:
Use following formula to calculate the future value
FV = PV ( 1 + r )^n
Where
PV = Present value = Investment
FV = Future value = ?
r = interest rate per compounding period
n= numbers of compounding periods
Jerry
PV = $11,400
r = 12% x 3/12 = 3%
n = 5 years x 12/4 = 20 periods
Placing values in the formula
FV = $11,400 x ( 1 + 3% )^20
FV = <u>$20,589.67</u>
Elaine
PV = $14,400
r = 6% x 6/12 = 3%
n = 5 years x 12/6 = 10 periods
Placing values in the formula
FV = $14,400 x ( 1 + 3% )^10
FV = <u>$19,352.40</u>
George
PV = $21,400
r = 8%
n = 5 years
Placing values in the formula
FV = $21,400 x ( 1 + 8% )^5
FV = <u>$31,443.62</u>
Kramer
17,400 10 Annually
PV = $17,400
r = 10%
n = 5 years
Placing values in the formula
FV = $17,400 x ( 1 + 10% )^5
FV = <u>$28,022.87</u>
Job order production is most likely used by companies that produce customized wedding cakes.
What is Job order production?
Job order production is used to producing customized products for a specific customer. Because each order or job is a personalized order submitted by the customer.
Producing bespoke wedding cakes to order for particular occasions or to fulfill the needs and desires of customers. The product is custom-ordered by the consumer, and the manufacturer develops and manufactures it.
As a result, Job order production is producing designed product to fulfill the customer needs such as customized wedding cakes.
Learn about more on Job order production, here:
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