Answer:
The Yowell's net cash flow from operating activities is $14,500
Explanation:
In the direct method, the operating activities record revenues and expenses which are earned and incurred during a particular year.
The computation of the net cash flow from operating activities is shown below:
= Consulting services revenue - rent expense - employees' salaries expense
= $64,000 - $15,500 - $34,000
= $14,500
The other items which are mentioned in the question are related to the investing and the financing activities. So, these items would not be considered in the computation part.
Answer: B. Opening balance for an inventory item was entered during the setup process.
D. Opening balances were included when importing customers using the Import data tool.
E. The client forced a bank reconciliation when the difference was not zero.
Explanation:
The reasons that can be attributed to the large amount in the Opening Balance Equity account will be:
• Opening balance for an inventory item was entered during the setup process.
• Opening balances were included when importing customers using the Import data tool.
• The client forced a bank reconciliation when the difference was not zero.
Answer:
Income before tax of $17,000,000
net income $12,750,000
Explanation:
Hobson income from continuing operations can be computed by eliminating transactions relating to discontinued operations from the details provided:
Income from continuing operations $215,000,0000
additional warranty expense ($70,000,000)
additional depreciation ($145,000,000)
non-deductible portion of advertising $17,000,000
income before tax $17,000,000
tax at 25%*$17 million ($4,250,000)
Net income $12,750,000
Answer:
Edgar is a chef and the kitchen manager in an upscale restaurant. He is very knowledgeable in both the culinary and restaurant management fields. Because he possesses these technical skills, Edgar can be considered an Management by objectives (MBO)
Explanation:
Management by Objectives (MBO) has to do with management of organization in terms of their goals and ensure maximum performance is recorded. Edgar used MBO as a result helps the restaurant to harness their resources and manage it efficiently.