Answer:
350,000 net income
+69,700 depreciation
+13,300 loss on disposal
433,000 adjusted income
no change in working capital
cash generated from operating activities 433,000
Explanation:
We need to remove from the net incoem the non-monetary terms
The depreication is an accounting concept, it doesn't involve cash disbursements, so it is added.
Also the los son disposal doesn't involve using cash so is also removed.
Rule:
to remove a non-monetary expense we should add it.
to remove a non-monetary gain we should decrease it.
Answer:
The contract is void since it attempts to contract for services that are illegal
Explanation:
Since there is a contract between the Mr Green and Mr Blue and they already know that the Mr blue has already caught the number of crabs i.e permitted in the season but they agree to exceed the quota
Therefore the status should be void as they want to exceed which is not permitted that results in illegal service contracts
Hence, there is a void contract
<span>Since the business owner, by definition, is the person who controls all those assets and is responsible for them, he/she can take parts of them home if they so choose. This is a way to manage resources, especially if those resources are still useful in some way.</span>
Answer:
loss of $ 1,400,000.00
Explanation:
Amount of share : two million:
offer price per share: $55
selling price per share: $53.80
Loss per share: $1.20
Total loss= $1.2X2,000,000= ($2,400.000.00)
Earning from spread: 0.5x2,000,000.00 =$1,000.000.00
Net earning: (2,400,000.00)+$1,000,000.00=($ 1,400,000.00)
loss of $ 1,400,000.00
Answer:
$30.1
Explanation:
Adjusted basis refers to the net value of an asset after considering depreciation and capital investments. It is the net value of an asset.
Adjusted taxable income is the income after adjusting for depreciation and interest.
For a sole proprietorship, the income of the business is the same as owners' income.
For Renee, adjusted taxable income will be,
Total revenue= $85M
Net expenses equal to total revenue minus depreciation minus interest paid
=$78.1, - $10.1 - $12.7
=$54.9
Adjusted taxable income= Total revenue - net expenses
= $85 - $54.9
=$30.1
