Answer:
a) I used an excel spreadsheet since there is not enough room here.
b) Net income = $8,950
Cash flows form operating activities =
Net income $8,950
Adjustments to net income:
- Increase in account payable <u> $250</u>
Net cash from operating activities $9,850
Net income is lower because a company must record revenues and expenses when they happen, not when they are associated with cash flows. This is why a company that makes all credit sales might have a large profit, but a small amount of cash (the opposite of this situation).
required field means those are feilds or blanks that you have to answer
Answer:
The correct answer is motivated blindness.
Explanation:
Ethical blindness is a psychological phenomenon derived from what is known as: motivated blindness. It is that people see what they want to see and easily lose sight of conflicting information when it is in their interest to remain ignorant. The conflict of interest has a lot to do with this phenomenon. For example, if in the same work team - in any direction - the director maintains a personal relationship with a collaborator, the mistakes she makes will tend to minimize them against mistakes of other team members.
Both moral silence and ethical blindness are widespread phenomena within our corporate culture, and unfortunately they only manifest themselves when there is fraud within the company or a problem that affects the image of the company.These usually grow especially when the company You are succeeding and reaching your strategic and financial goals. Top management should focus more on these phenomena not only for an ethical duty issue but for proper risk management within the organization.
The following equation of parabola is given:
p(x)= - 5 x^2 + 240 x - 2475
where p(x) = y
This is a standard form of the parabola. We need to
convert this into vertex form of equation. The equation must be in the form:
y – k = a (x – h)^2
Where h and k are the vertex of the parabola. Therefore,
y = - 5 x^2 + 240 x - 2475
y = -5 (x^2 – 48 x + 495)
Completing the square:
y = -5 (x^2 - 48 x + 495 + _) - (-5)* _
Where the value in the blank _ is = -b/2
Since b = -48 therefore,
y = -5 (x^2 – 48 x + 495 + 81) + 405
y – 405 = -5 (x^2 – 48 x + 576)
y – 405 = -5 (x – 24)^2
Therefore the vertex is at points (24, 405).
The company should make 24 tables per day to attain maximum
profit.
Answer and Explanation:
The journal entry is shown below:
1. Organization expense Dr $58,500
To cash $58,500
(Being organization expense is recorded)
Here organization expense is debited as it increased the expenses and credited the cash as it decreased the assets. Also the assets and expenses contains normal debit balance
2. No entry is required as the amortization is recorded for only intangible assets
