Machinery repairs, property taxes, salaries for workers variable: number of workers, what crop is being produced, gas for machinery.
Cash receipts from customers = $136,000
cash payment for operating expenses = $102,000
tax paid = 1 / 3
Amount on which tax paid = $9,300
amount of tax paid = $9,300 / 3 = $3,100
net cash provides by operating activities = ?
Net cash = cash from customers - cash payment for operating expense - amount of tax paid
= $136,000 - $102,000 - $3,100
= $30,900
so the net cash provided by operating activities is $30,900
Answer:
Correct option is E.
Explanation:
There is not enough information to calculate the amount.
Net operating asset= Operating Assets - Operating Liabilities
=$5489 Million - $2066 Million
=$3423 Million
Hence Average net operating assets can't be calculated by given information.
Nothing really, you just might have a better idea of your budget if you do.
Answer: <u><em>The adjusting entry at the end of the year will include a credit to Allowance for Doubtful Accounts in the amount of: $750</em></u>
Given:
Accounts receivable = $640
Allowance for Doubtful Accounts = $110
<em><u></u></em>
<em><u>Therefore, the correct option is (c).</u></em>
