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lawyer [7]
4 years ago
10

Which of the following would be subtracted from net income when determining cash flows from operating activities under the indir

ect method?
An increase in accounts payable.

Depreciation expense.

A decrease in prepaid insurance.

A gain on the sale of a depreciable asset.
Business
1 answer:
frosja888 [35]4 years ago
3 0

Answer:

A gain on the sale of a depreciated or to be depreciated asset.

Explanation:

A gain from sale of depreciated asset is added to net income while computing the net income.

While preparing the cash flow statement, using indirect method, we make adjustments to net income, in such adjustments, we decrease the value of gain recorded in such net income from sale of depreciated asset, as the entire amount of sale consideration is added in cash inflow from investing activity.

Thus the correct option for above is

Last Statement

A gain on the sale of a depreciated or asset which has to be depreciated.

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A firm in a purely competitive industry has a typical cost structure. The normal rate of profit in the economy is 5 percent. Thi
Andrei [34K]

Answer and Explanation:

The computation is shown below:

a. The rate of return in percentage is

= return ÷ investment

= $15 ÷ $150

= 10%

b. The economic profit is

= rate of return - normal profit rate

= 10% - 5%

= 5%

c. As the economic profit is more than 0 so it should be the entry

d. The rate of return in the long-run equilibrium to the 5% as the rate of return should be equivalent to the normal rate of profit

6 0
3 years ago
Knowing that a third party may use the information that Ray is providing, does Ray owe a duty of confidentiality to Onyx?
artcher [175]

Answer:

<em>B. Yes, although it may be breached in most states if there is a court order to do so.</em>

Explanation:

<em>Duty of confidentiality is a provision that has been put in place in most states, to enable clients open up freely if they need help. This allows professionals to take whatever actions necessary to carry out full service delivery when helping the client. </em>Some of these details include health status, a client-lawyer case story, a social media's access to users' personal details, etc. The law prohibits professionals from disclosing information made available to them by the client to a third party. This duty is held by many professional bodies like the medical body, legal body, among others. <em>This duty can be broken by law in situations where the client sues the professional, or when there is a legal court order to do so</em>.

3 0
3 years ago
City Gas is a natural monopoly that supplies natural gas to a particular city. Its cost and demand information are given below.
gavmur [86]

Answer:

Fall, rise

Explanation:

City Gas is a natural monopoly that supplies natural gas to a particular city. It's cost and demand information are given below. Quantity (Millions of therms) Price ($ per therm) Total Cost (million $) 1 48 35 2 44 64 3 38 90 4 30 113 5 20 133 6 8 150 If the government decides to regulate this natural monopoly by forcing them to produce at the point where the demand curve intersects average cost, then compared to the unregulated natural monopoly, the price will _____fall_______ and the quantity will _____rise______.

4 0
4 years ago
a senior manager from the business unit most affected by a project and who ensures the project will indeed meet the needs of his
Naily [24]

The above statement is true. The project sponsor is a senior manager from the business unit most affected by a project who assures the project will fulfill the needs of his or her firm.

  • The project sponsor is in charge of the project's overall success, which includes selecting the project manager and team, establishing success parameters, and guaranteeing the project's timely completion.
  • Executive sponsor is a position in project management, typically held by the project board's most senior member and frequently its chair. A top executive at a company who is accountable to the company for the project's success will serve as the project sponsor.
  • Members of senior management who support projects and have a significant amount of influence and power are known as project sponsors. The names of project sponsors vary frequently, including those of product sponsors, project directors, account managers, and business unit managers.

Thus this is definition of project sponsor.

To learn more about project sponsor, refer: brainly.com/question/28387041

#SPJ4

3 0
1 year ago
Fair use allows individuals to break copyright so long as they ________.
Lady bird [3.3K]
Fair use allows individuals to break copyright so long as they b. <span>Can prove they are not infringing on copyright.

Using another person's work without his permission is considered copyright infringement. However, fair use allows people to use other people's work without their permission, as long as the works used are for commentary, criticism, new reporting, or educational purposes. As long you can prove that a work was not used for infringement purposes, you can break copyright.</span>
3 0
4 years ago
Read 2 more answers
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