Answer:
Cash flow from operating activities 992,000
Explanation:
revenue 2,000,000
expenses 800,000
before tax income 1,200,000
tax rate 34% <u> (408,000) </u>
Net Income 792,000
Non-monetary
depreciation 200,000
Cash flow from operating activities 992,000
To solve this we use the indirect method.
We will calculate the net income as usual and once we got there, we remove the non-monetary expeses or revenues.
Always, the depreciaton must be removed.
The depreciation is an accounting tool to distributethe cost of fixed assets during time, it do not represent an actual cash disbursement.
This means our cash flow is greater than net income by this amount.
Generally, the matched sample procedure for inferences about two population means provides better precision which is independent sample approach.
Inference can be referred as steps in reasoning which involves moving to a conclusion from premises. The inference is divided into three kinds which are, abduction, deduction, and induction. The deduction is an inference which derives a logical conclusion from premises which are as assumed to be true.
Answer:
Analyzing the client's personal and financial circumstances.
Explanation:
The Financial Planning process is the process involved in planning and formulating certain strategies for the client. The professionals' design plannings and strategies based on the financial situation of the client. They consider every aspect of the financial situation of the client. There is a total of six steps involved in the planning process. Analyzing and evaluating the financial status of the client comes under the third step.
