Answer:
$1.2 million
Explanation:
The computation of General's coupon promotion expense in 2022 is shown below:-
But before that we need to do following calcualtions
General's coupon promotion expense in 2021 = Shipped coupons × Redeemable cents × Redeemed Coupon percentage
= 140 million × $0.40 × 70%
= $39.2 million
Redemption in 2021 = Coupons redeemed × Redeemable cents
= $56 million × $0.40
= $22.40 million
Redemption in 2022 = Coupons redeemed × Redeemable cents
= $45 million × $0.40
= $18 million million
So,
General's coupon promotional expense in 2022 = Redemption in 2021 + Redemption in 2022 - General's coupon promotion expense in 2021
= ($22.40 million + $18 million) - $39.2 million
= $1.2 million
Answer:
The change in net working capital for the year is $50,000
Explanation:
Net working capital is the difference between Current assets and current liabilities. Change in net working capital is the difference between net working capital at the beginning and st the end.
current assets at the beginning =( 300+400+800)=1500
Current assets at the end = ( 350+450+300)= 1100
current liabilities at the beginning = (300+1000)= 1300
current liabilities at the end = (350+600)= 950
net working capital at the beginning = 1500 - 1300= 200
net working capital at the end = 1100 - 950= 150
therefore the change in net working capital for the year is 200 - 150 =50 000
Answer and Explanation:
The categorization is shown below:
1 Purchase of a patent = Investing activities as it represents in a negative sign because it is a cash outflow
2 Depreciation expense Operating activities as it is added to the net income
3 Decrease in accounts receivable = Operating activities as it is added to the change in adjustments column
4 Issuance of a note payable = Financing activities as it represents in a a positive sign because it is a cash inflow
5 Increase in inventory = Operating activities as it is deducted from the change in adjustments column
6 Collection of note receivable = Investing activities as it represents in a positive sign because it is a cash inflow
7 Purchase of equipment = Investing activities as it represents in a negative sign because it is a cash outflow
8 Exchange of long term assets = Separate non cash activities note as it does not involved any cash transactions
9 Decrease in accounts payable = Operating activities as it is deducted from the change in adjustments column
10 Payments of dividend = Financing activities as it represents in a negative sign because it is a cash outflow
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