Answer:
Net cash Provided by Operating activities = $416000
Explanation:
Using indirect method for Cash flow from operating activities we use following steps to get value of net cash provided by operating activities.
Net income $400000
Add: Depreciation $104000
Less: Gain on Sale of Land -$148000
Less: Increase in Accounts Receivable -$80000
Less: Increase in Inventory -$60000
Add: Increase in Accounts Payable $200000
Net Cash Provided by operating activities $416000
Answer:
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Answer:
See below.
Explanation:
Contribution margin income statement is as follows,
Sales (4,550*305) 1,387,750
Less: Variable costs
Plastic for casting 127,400
Wages 423,150
Drum Stand 168,350
Variable selling 118,300
Contribution 550,550
Less: Fixed costs
Taxes on factory 9,500
Maintenance 19,000
Depreciation 79,000
Lease of equipment 19,000
Accounting staff 69,000
Admin staff 149,000
Profit before tax 206,050
Tax @ 40% 82,420
Profit after tax 123,630
Contribution margin per unit can be calculated as,
Contribution margin / unit = Total contribution / Number of units
Contribution Margin / unit = 550,550 / 4550 = $121/unit
Contribution margin % = 121/305 = 39.6%
Hope hat helps.
As credits increase revenues, so debits increase expenses.
<h3>What are debits and credits?</h3>
Debits and credits are accounting terms used in recording financial transactions in the accounting system. Debits are used to <u>increase</u> assets and expenses or <u>decrease</u> liabilities or equity, while credits <u>increase</u> revenues and equity or <u>decrease</u> assets and expenses.
Thus, whereas credits increase revenues, debits increase expenses.
Learn more about credits and debits at brainly.com/question/2707498