Answer:
Which non-cash expense is added back to the net profit in the indirect method of preparing a cash flow statement? DEPRECIATION
The indirect method of preparing a cash flow statement adds a non-cash expense, such as DEPRECIATION and or AMORTIZATION, to the net profit.
Explanation:
Cash flow statement is a statement of account or financial statement prepared by firms or organisations that shows how money comes or flow into a company. It also shows the amount of money that a company receives from sales of their goods and services.
Cash flow statement also shows us the money invested my the company in outside ventures which is used for generating revenues for the company.
There are two methods of preparing Cash flow statements
a. Indirect method.
b. Direct method
The indirect method of preparing a cash flow statement involves stating the net income of the firm and then adding back non cash expenses such as Depreciation, Amortization back to the net profit. After which the determination of the actual inflow or outflow of cash from firm in carried out.
A local Chamber of Commerce plans a seminar on “the social responsibility of business in our community.” What does that term reference?
( The expectations that the community imposes on firms doing business inside its borders.) correct answer of your question ✅
<span>Generally, Nvidia would release their new and much better chip to the market in one third the time that the traditional industry did so. Through their research they discovered that customers would be more than willing to buy new and better graphic solutions far more often than they believed</span>
Answer:
Poor customer service.
Betta Bakery has employees that lack good customer service skills. People generally do not like to be helped by people who cannot relate with them appropriately in the service industry and will generally avoid places that have such people. This will therefore lead to a loss of sales for Betta.
Competition from Quality Bakery.
Betta Bakery is facing stiff competition from a rival bakery known as Quality bakery and with the problems they are facing internally such as poor customer service, Quality bakery is able to lure customers away from Betta thus reducing their sales even further.
Stolen Equipment.
Betta bakery is having to spend money on the replacement of their equipment after some were stolen on account of the high crime rate in the area. These replacement costs reduce Betta bakery's profitability.
Answer:
$116,000
Explanation:
Heather’s beginning capital account balance of $85,000
Add basis of the property contributed $6,000
Add Share of partnership income $40,000
Less Partnership distributed ($15,000)
Ending capital account balance $116,000
