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fiasKO [112]
3 years ago
10

Hilton company reported net income of $30,000 for the year. During the year, accounts receivable increased by $7,000, accounts p

ayable decreased by $3,000 and depreciation expense of $5,000 was recorded. Using the indirect method, net cash provided by operating activities for the year is:_______
a. $25,000.
b. $45,000.
c. $29,000.
d. $30,000.
Business
1 answer:
Alina [70]3 years ago
7 0

Answer:

a. $25,000

Explanation:

The computation of net cash provided by operating activities is shown below:-

Particulars                                                   Amount

Net Income                                                $30,000

Add Depreciation                                     $5,000

Less Increase in Accounts Receivables -$7,000

Less Decrease in Accounts Payable        -$3,000

Net cash Provided by Operating Activities $25,000

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HD had reported a deferred tax asset of $130 million with no valuation allowance. At December 31, 2021, the account balances of
oksano4ka [1.4K]

Answer:

$101 million income tax expense

Explanation:

The income tax of HD can be computed by beginning with income tax payable less the increase in deferred tax asset in the year and finally by deducting the portion of current deferred tax asset that cannot be realized as shown below:

Current income tax payable                           $90 million

increase in deferred tax asset($170-$130)     ($40 million)

unrealized deferred tax asset ($170*30%)      $51 million

income tax expense in income statement      $101 million

The HD income tax expense in income statement in 2021 is $101 million as computed due to the fact that prior payment in tax ha been paid in the year

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A monopolist sells 2,000 units for $20 each. The total cost of 2,000 units is $30,000. If the price falls to $19, the number of
leonid [27]

Answer:

Decrease by $1

Explanation:

Given:

Old data:

Q0 = 2,000 units

P0 = $20

Total revenue before change = 2,000 x $20 = $40,000

After change in Price.

Q1 = 2,100 units

P1 = $19

Total revenue After change = 2,100 x $19 = $39,900

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Marginal Revenue = (P1 - P0) / (Q1 - Q0)

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