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jarptica [38.1K]
4 years ago
12

Last year Ace charged $1,466,667 Depreciation on the Income Statement of Andrews. If early this year Ace purchased a new depreci

able asset, the effect on Andrews's financial statements would be (all other items remaining equal):
a) No impact on Net Cash from operationsb) Increase Net Cash from operationsc) Decrease Net Cash from operations on the Cash Flow Statementd) Just impact the Balance Sheet
Business
1 answer:
SashulF [63]4 years ago
8 0

Answer:

Correct option is d)

Explanation:

Assuming all other things same as that of last year, with purchase of new asset, depreciation expense will increase, with that net income from operations will decrease, in cash flow statement when such depreciation will be added back then the net income from operations will decrease accordingly, therefore, there will be no impact of increase in depreciation on cash flow from operations.

Further such purchase of new asset will increase the balance of fixed assets in balance sheet and therefore, will only impact on balance sheet.

Thus correct option is d)

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True or False When evaluating the choice you made you should never second guess your decision? Pls help
kondaur [170]

Answer:

False. When you want to make a decision, you have to think about the consequences. Good or bad? Will it affect someone mentally?  Will it help you in the future? It's about the consequences.

Explanation:

5 0
3 years ago
Explain how the looting of shops and malls will affect businesses in terms of the relationship between the social responsibility
Reil [10]

Businesses decrease their incentives that will lead to minimizing their ability to carry out their part for social responsibility of the triple bottom line.

The bottom line is an obligation on businesses to not just look for their profit but include and maintain a good balance between these factors:

  • economic growth
  • social welfare
  • environment impact

Similarly, businesses need to follow the Triple bottom line in these ways:

  • Making profits
  • Making sure that there is positive social welfare on their part.
  • Maintain ecological footprint

Thus, by the looting of shops and malls, the ability of businesses to meet both their social responsibility and Triple bottom line is minimized and not as it was in normal conditions.

Learn more about social responsibility and Triple bottom line here: brainly.com/question/1339420

8 0
3 years ago
The unit of product is the cost object when the plantwide overhead rate method is used.
Marina CMI [18]
<span>The plantwide overhead rate method means </span>using overhead rate to allocate costs to products and includes <span>indirect costs (overhead cost) to cost allocation base (single plantwide overhead rate) to cost objects (products 1-3).
</span><span>The statement that the unit of product is the cost object when the plantwide overhead rate method is used is true. </span>
3 0
3 years ago
Roberts Company uses the​ percent-of-sales method to estimate uncollectibles. Net credit sales for the current year amount to $
taurus [48]

Answer:

The balance of Allowance for Uncollectible​ Accounts, after​ adjustment, will be $2,100.

Explanation:

Allowance for Uncollectible Accounts = Allowance for Uncollectible Accounts prior to adjustment + Current year's Allowance

Allowance for Uncollectible Accounts = $1,000 + $1,100

Allowance for Uncollectible Accounts = $2,100

So, The balance of Allowance for Uncollectible​ Accounts, after​ adjustment, will be $2,100.

3 0
4 years ago
What would bill fall under, he applied and acquired for a new credit card and uses it regularly?
lidiya [134]

If  he applied and acquired for a new credit card and uses it regularly he will fall under: Voluntary.

<h3>What is credit card?</h3>

Credit card can be defined as the card that enables the card holder to carryout transactions such as purchases online in which the holder is expected to payback the amount used for the purchases.

If a obtain a new credit card which he use often or frequently, bill will tend to fall under voluntary because he voluntary applied for the credit card without being comply to do so.

Therefore bill will fall under voluntary.

Learn more about credit card here:brainly.com/question/8432538

#SPJ12

4 0
2 years ago
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