Answer:
A. two balance sheets and B. income statement
Explanation:
There are three types of activities in the cash flow statement which are described below:
1. Operating activities: It includes those transactions which affect the working capital after net income. The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added.
These changes in working capital would be adjusted. Moreover, the depreciation expense is added to the net income and the loss on sale of assets is added whereas the gain on sale of assets is deducted
2. Investing activities: It records those activities which include purchase and sale of the long term assets. The purchase is an outflow of cash whereas sale is an inflow of cash
3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance. The issue of shares is an inflow of cash whereas redemption and dividend is an outflow of cash.
Answer:
The appropriate answer is "$9,300".
Explanation:
The given values are:
FMV,
= $31,000
Adjusted basis,
= $15,500
Encumbered mortgage,
= $9,300
Now,
The Gerald's outside basis will be:
= 
On substituting the given values, we get
= 
= 
= 
= 
($)
Answer:
We have to find Western Country Corporation's net income, and cash balance at the end of 2018.
The answers are:
Net Income = $200 million
Ending cash balance = $100 million
Explanation:
Net income is equal to sales revenue - cost of goods sold - other expenses
Net Income = $850 million - $255 million - 425 million
= $200 million
Ending cash balance is equal to beginning cash + cash receipts (inflows) - cash payments (outflows)
Ending cash balance = $85 million + $710 million - $400 million - $285 million
= $110 million
Answer:
200% of direct labor cost
Explanation:
The computation of the company overhead application rate is shown below;
But before that overhead cost would be determined
GIP = Direct material + Direct labor + Overhead
$4,400 = $2,000 + $800 + Overhead
So,
Overhead = $4,400 - $2,000 - $800
= $1,600
Now the overhead application rate is
= overhead ÷ direct labor cost
= $1,600 ÷ $800 × 100
= 200%
used cars can require repairs sooner warranties can be very limited used cars can have lower initial cost unexpected issues may arise
hope this helps <3
