Answer:
See below
Explanation:
Statement of cash flow from operating activities using the indirect method.
Net income
$14,000
Adjustment for non cash items:
Depreciation expense
$5,000
Adjustments for changes in working capital:
Increase in accounts receivables
($8,000)
Decrease in inventory
$4,000
Increase in salaries payable
$1,000
Net cash from operating activities
$16,000
In the U.S. current account, most of the trade deficit results from an excess of imported <span>merchandise (B).</span>
Answer: $45647.45
Explanation:
To solve the question above, first we need to note that:
1 USD = 0.912949 Swiss Francs(CHF)
Therefore, we then convert 50,000 Swiss France to United States Dollars and this will be:
= 50000 × 0.912949
= $45647.45
Answer:
$8,125,000
Explanation:
Break-even point is the level of sales on which business has no profit no loss situation. The business only covers the variable and fixed cost at this point.
Total Contribution ratio = (65% x 30%) + (35% x 50%) = 19.5% + 17.5% = 37%
Fixed cost = $4,625,000
Break-even point = Fixed cost / Contribution margin ratio = $4,625,000 / 37% = $12,500,000
Break-even Sales for Sports Division = $12,500,000 x 65% = $8,125,000
