Answer:
a. -$15,000
b. $165,000
Explanation:
The computation is shown below:
The net income is
= EBIT - interest expense
where,
EBIT = Sales - cost of good sold - administrative expense and selling expenses - depreciation expense
= $930,000 - $680,000 - $85,000 - $180,000
= -$15,000
So, the net income is
= -$15,000 - $55,000
= -$70,000
And, The operating cash flow is
= EBIT + Depreciation - income tax expense
= -$15,000 + $180,000 - $0
= $165,000
Answer:
Explanation: I would tell adidas to get more spokespersons and some popular celebrities to advertise them.
Kinda like how Mountain Dew got Migos to be in that commercial about Mountain Dew. And how Lebron James was in that sprite commercial. Hope this helps.
Double-declining balance. Keep in mind there are three main ways to depreciate: straight-line, units of production, and double declining balance. Straight-line means depreciating the same amount every year. Units of production is based off your production levels for the year. Double declining means you depreciate more in earlier years (2 times your straight-line rate) and depreciate less in later years.
B. <span>Consider what their parents would do when making decisions even though they themselves might not make those same decisions</span>
Answer:
Direct material used= $122,700
Explanation:
Giving the following information:
January 1 December 31
Inventories Raw materials inventory $6,700 $11,000
Activity during current year Materials purchased $127,000
<u>To calculate the direct material used, we need to use the following formula:</u>
Direct material used= beginning inventory + purchases - ending inventory
Direct material used= 6,700 + 127,000 - 11,000
Direct material used= $122,700