Answer:
Explanation:
The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:
Cash flow from Operating activities - Indirect method
Net income $25,400
Adjustment made:
Add: Decrease in accounts receivable $5,000 ($20,000 - $15,000)
Less: Decrease in accounts payable -$450 ($8,750 - $9,200)
Total of Adjustments $4,550
Net Cash flow from Operating activities $29,950
Answer:
C) The federal budget deficit is the year-to-year short fall in tax revenues relative to government spending (T < G + TR), financed through government bonds. The federal government debt is the accumulation of all past deficits.
Explanation:
Budget Deficit by definition is the shortfall in the budget as spending exceeds the budgeted tax revenues for the governments. They are indeed funded by government borrowing by issuing of bonds and borrowing money from the federal reserve.
The federal government debt or also called the national debt is the net accumulation of all the borrowed amount that is used by the government to deficit finance the budget in the current year and the previous years.
In return if a budget in a year turns surplus, that is the spending is less than revenue, it can help lower the national debt if the government policies allow.
Hope that helps.
Answer:
B. $0.56
Explanation:
In this question, we use the high low method for calculation of variable cost per yard
The computation of the variable cost per yard is shown below:
= (High overhead costs - low overhead costs) ÷ (High yards processed - low yards processed)
= ($31,000 - $26,000) ÷ (35,000- 26,000)
= $5,000 ÷ 9,000
= $0.56 per unit
Answer:
$45,520
Explanation:
Given that
Sales budget = 3,600 units
Variable selling and administrative expense = $4.10
Fixed selling and administrative expenses = $35,860
Depreciation expenses = $5,100
The computation of selling and administrative expenses is shown below:-
= Variable selling and administrative expenses + (Fixed selling and administrative expenses - Depreciation expenses)
= (3,600 unit × $4.10) + ($35,860 - $5,100)
= $14,760 + $30,760
= $45,520
