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Answer:
If the hospital underestimated its bad debt, that means that they are overestimating their profits. The cash flow is determined using the income statement, so it will also be overestimated. But at some point reality will catch up and the actual cash flow will be less than expected, since bad debts reduce actual revenue.
Answer:
The amount that should be eliminated from cost of goods sold in the combined income statement for 20X8 is $31,250.
Explanation:
Amount eliminated from cost of goods sold in the combined income statement for year 2008.
saturn purchase merchandise from Venus at 125 % of sol cost.
sol sold inventory to saturn for $ 25,000
Amount should be eliminated from combined income statement
= $25,000*125/100
= $31,250
Therefore, The amount that should be eliminated from cost of goods sold in the combined income statement for 20X8 is $31,250.
Answer and Explanation:
fair market value=$ 37,500
Residual value = $ 10,600
Lease term = 12 months
Rate = 20%
Ans:
Monthly pay = $2668.53
Total of 12 months payments = $32,022.42
Total interest = $ 5122.42
Principle amount = 84%
Interest = 16%
Benefits of the brent's company car are pay the 35600 miles during $ 32000 approx.
