Answer:
Altoona’s Net Income for 2021 was: $296,000
Explanation:
The Net Income can be determined by reconciling the Net cash flow from operating activities to Operating Profit as follows :
Net cash flow from operating activities $300,000
Less Depreciation and amortization ($24,000)
Add Increase in accounts receivable $20,000
Operating Profit $296,000
Notes :
Reconcile the non-cash items previously added or deducted from Net cash flow from operating activities and any changes to Working Capital accounted for in determination of Net cash flow from operating activities .
Answer:
Option (a) is correct.
Explanation:
The burden of a tax is entirely borne by the suppliers if the supply curve is perfectly inelastic. The burden of a tax falls more on a person which is having relatively inelastic curve.
For example: A government imposes a tax in a market of beachfront hotels with an inelastic supply curve. There is no other option available for the sellers than to accept the lower price for the hotels, here the taxes are not affecting the equilibrium quantity. Therefore, the entire burden of tax falls on the suppliers.
Suppose that if the demand curve is more inelastic than the supply curve then most of the tax burden falls on the consumers and if the supply curve is more inelastic than the demand curve then most of tax burden falls on the sellers.
Answer:
<em>Supports promotional efforts by generating free media attention and goodwill.</em>
Explanation:
The role of public relations in an organization is to fit and influence the relationships between an institution and society. Through interpersonal skills and marketing tools, public relations are responsible for effective communication between the public and the organization, minimizing conflicts and ethical and legal barriers that may exist, so that they have a positive influence on the products. and services of an organization to the society in which it operates.
The correct answer is remittance advice
The remittance advice is this evidence paper that payment has been made. All of the others are not payment evidence, but rather ways of paying.
Answer:
13720
Explanation:
The difference between lines 5 and line 6 is 13720 (49980 - 36260)
Which means that after reconciliation in the accounting balance 13720 are missing.
Then we must find the item that adds 13720.
This may occur due to omission or bad registration of outstanding deposits or credits (which means a higher balance) or the amount in the accounts of outstanding checks or debits may have been doubled or bad recorded (since these accounts subtract in the reconciliation)
