Answer:
$608,000
Explanation:
For the indirect method, the below steps are applicable.
Net income $600,000 + Add non cash expense (depreciation) $45,000
= $645,000
We will need to account for changes in assets; which is add sources of cash and subtract use of cash. Therefore, net cash flow from operating activities is ;
= $645,000 + (-$25,000) + (-$12,000)
= $645,000 - $25,000 - $12,000
= $608,000
Note: The above negative signs indicates cash usage which reduces accounts payable and increases accounts receivable.
Answer: $0
Explanation:
From the question, we are informed that Nick and Katelyn paid $1,600 and $2,100 in qualifying expenses for their two daughters, Nicole and Naomi, respectively, to attend the University of Nevada and that Nicole is a sophomore and Naomi is a freshman.
We are further told that Nick and Katelyn's AGI is $202,000. Based on the above scenario, their allowable American opportunity tax credit will be $0. This is because when AGI is more than $180,000 for such taxpayers, the credit is being phased out.
José, an employee of a company that has worked hard to have a customer mind-set, understands that to have a customer mind-set, it's easiest to put yourself in their shoes.
When you think and understand the way a customer does, it is easier to sell to someone in that mind-set. The main ground in sales is making sure your customers can relate to you, if you are relatable you are more trustworthy in their eyes and will have a better chance of closing on the sale.
Answer and Explanation:
a. For eliminating the recession government should take an expansionary fiscal policy like tax reduction or rise in government spending etc
b. The impact of the fiscal policy would be result in high borrowing by the government due to which there is rise in the rate of interest
c. The graph is shown in the attachment
d. It shows the depreciation of the dollar due to which the exports are increased and it become cheaper for the foreigners
e. In the case when the production rises so there is a decline in the unemployment that result in high exports
Answer:
The company need to sell 12,999 boxes to produce a net income of $12,750.
Explanation:
Contribution per unit = Price * Contribution Margin ratio
Contribution per unit =$15 * 0.20
Contribution per unit =$3
Net Income before tax= $12,750 / (1 - 0.15) = $12,750 / 0.85
=$15,000
Boxes of Cupcakes to sell = [Fixed cost + Net income ] / Contribution per unit
= (23,997 + 15,000) / 3
= 38997 / $3
= 12,999 boxes
The company need to sell 12,999 boxes to produce a net income of $12,750.
