Answer:
d. $52,100
Explanation:
Operating activities: It includes those transactions which affect the working capital after net income. The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added.
These changes in working capital would be adjusted. Moreover, the depreciation expense is added to the net income
The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:
Cash flow from Operating activities - Indirect method
Net income $46,300
Adjustment made:
Add: Decrease in accounts receivable $2,200 ($23,800 - $21,600)
Add: Increase in accounts payable $3,600 ($24,500 - $28,100)
Total of Adjustments $5,800
Net Cash flow from Operating activities $52,100
A primary bank investment fraud scheme involves telling victims that certain financial instruments have been issued by legitimate organizations and that those investments are high-payoff and low-risk.
Investors' money will allegedly be used to purchase and trade "Prime Bank" instruments, according to Prime Bank programs. A type of investment scheme known as prime bank fraud guarantees extraordinarily high yields in a short amount of time. People assert that they have access to undiscovered financial products that they can purchase at a discount and resell for a profit. These financial products are made up in reality. By linking these products to prestigious international banks or elite-only government banking systems, people try to give the impression that they are legitimate. Investors are intentionally misled into thinking that these financial products are affiliated with reputable financial institutions.
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They could use the strategy of specialization using an assembly line process
The answer is the 'A' option. That is the Lorenz curve.
A Lorenz curve is a graph that shows how wealth or income is distributed among a population.
Lorenz curves plot population percentiles against the total wealth or income of those who fall inside that percentile or above it.
For the purpose of assessing inequality within a population, Lorenz curves and the statistics derived from them are frequently utilized.
Lorenz curves are mathematical estimates for measuring true inequality since they are based on fitting a continuous curve to partial and discontinuous data.
Hence, The degree of inequality in the distribution of income in an economy is depicted in a Lorenz curve.
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Answer:
1. Depreciation expense 3600
Accumulated depreciation 3600
2.Unearned rent 330666
Rental income 330666
3. Interest expense 2100
Interest payable 2100
4.Cost of goods manufactured 2640
Supplies 2640
5. Insurance expense 2400
Prepaid insurance 2400
Explanation:
depreciation for the year = 300*12=3600
2. Earned rent was 62000/3*4=330666
3.Interest expense for the year = 525*4=2100
4.opening supplies were 3500 and ending were 860 so (3500-860)=2640 were consumed and 860 will be reported to balance sheet.
5. Opening prepaid insurance was =$3600
Insurance was expense out at the rate of $200 per month = 200*12=$2400
$1200 shall be reported to balance sheet.
