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Verdich [7]
3 years ago
7

A company's 2019 financial records included the following: Jan. 1, 2019 Dec. 31, 2019 Accounts Receivable $100,000 $80,000 Inven

tory $50,000 $70,000 Prepaid Expenses $100,000 $75,000 Accounts Payable $100,000 $110,000 Deferred Revenue $85,000 $70,000 The company's net income on its 2019 income statement is $155,000. Depreciation expense for 2019 is $25,000. What amount would the company report as net cash from operating activities for 2019
Business
1 answer:
Anna007 [38]3 years ago
3 0

Answer:

The amount of net cash from operating activities for 2019 is <u>$210,000</u>.

Explanation:

Cash flows from operating activities refers to the section of the statement of cash flow that reveal the sources and utilization of cash got from ongoing normal business activities of a company in particular period.

Items that usually found under cash flows from operating activities are net income from the income statement, adjustments to reconcile net income, and changes in working capital.

The amount of net cash from operating activities for 2019 can be determined by preparing a statement of cash flow for operating activities only as follows:

                       Statement of cash flows

              (Operating activities section only)

                       For the year ended 2019

<u>Details                                                                Amount ($)  </u>

Net income                                                         155,000

Adjustment to reconcile net income:

Depreciation expense                                         25,000

Changes in working capital:

<u>(Increase) decrease in current assets</u>

Accounts Receivable ($80,000 - $100,000)      20,000

Inventory ($70,000 - $50,000)                          (20,000)

Prepaid Expenses ($75,000 - $100,000)           25,000

<u>Increase (decrease) in current liabilities</u>

Accounts Payable ($110,000 - $100,000)           10,000

Deferred Revenue ($70,000 - $85,000)         <u>  (15,000)   </u>

Net cash from operating activities                <u>  210,000   </u>

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In a certain jurisdiction caroline, who is earning $42,200, currently pays a flat percentage of 25% income tax. The tax authorit
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The amount of tax paid less by Caroline as per the new taxation policies will be $950 over her annual salary of $42,200 after the taxes are applied assuming deductions being made.

The calculation of tax saved by Caroline will be done on the basis of comparing the taxation rates of both the policies after taking the changes into account.

<h3>Calculation of tax savings</h3>

The formula for calculation of tax will be done as follows when the taxes are charged on flat basis under the old policy,

\rm Income\ Tax= Salary\ x\ Rate\ of\ Taxation\\\\\rm Income\ Tax= 42200\ x\ {\dfrac{25}{100}\\\\\\\\\\\\\\rm Income\ Tax= \$10550

The taxation for the first $20000 as per the new policy will be

\rm Income\ Tax\ Threshold= 20000\ x\ \dfrac{15}{100}\\\\\rm Income\ Tax= \$3000

Calculating further taxation,

\rm Income\ Tax= 22200\ x\ \dfrac{30}{100}\\\\\rm Income\ Tax= \$6600

So, total taxation as per the new policy will be $9600. Now comparing the taxation of old scheme with new scheme, we get,

\rm Income\ Tax\ Savings= Old\ Taxation - New\ Taxation\\\\\rm Income\ Tax\ Savings=10550-9600\\\\\rm Income\ Tax\ Savings=950

So, the total taxes saved are $950 when the taxation rate changes.

Hence, the correct statement is that tax savings of $950 is possible when the authorities change the taxation rates to such slab rates by Caroline.

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2 years ago
What is the function of the audio tools on the Format contextual tab?
Scorpion4ik [409]

Answer:

to determine how an audio file will appear on a slide.

Explanation:

Microsoft Excel is a software application or program designed and developed by Microsoft Inc., for analyzing and visualizing spreadsheet documents.

A spreadsheet can be defined as a file or document which comprises of cells in a tabulated format (rows and columns) typically used for formatting, arranging, analyzing, storing, calculating and sorting data on computer systems.

A contextual tab is a special tab that are usually hidden and would only appear when a particular object such as a shape, audio or chart is selected. It contains manipulating, editing and formatting commands that are specific to the object an end user is currently working on.

For example, a new Format tab would appear after adding an audio to a spreadsheet document.

Hence, the function of the audio tools on the Format contextual tab is to determine how an audio file will appear on a slide.

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Thailand has a comparative advantage in rice and an absolute advantage in cell phones Indonesia has a comparative advantage in c
Aleonysh [2.5K]

Answer:

d. Thailand should export rice and import cell phones

Explanation:

Analyzing the question, it is correct to say that Thailand should export rice and import cell phones.

To understand why this statement is correct, we need to understand the concept of comparative advantage and absolute advantage.

The comparative advantage occurs when a country has great efficiency in producing a certain good, that is, the production is specialized and therefore advantageous in relation to another country. So it is correct to say that Thailand, having a comparative advantage in rice, should export rice to achieve greater economic advantage.

The absolute advantage, on the other hand, corresponds to the production of a good with lower costs than another country, but Thailand should import cell phones because Indonesia has a comparative advantage in cell phones, which makes it more competitive than Thailand in this segment.

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The correct answer is the third option: Lawyer - Probation Officer - Firefighter

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Answer:

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b. Understated Inflation

Donna's case represents an understated inflation because the quantity shrank yet the price stayed the same. This means that the price is now buying less quantity than it used to which is inflation because more dollars are now required to buy the previous amount. This was not however recorded as there was no change in price.

c. Overstates Inflation

In the case of Zach, the inflation will be overstated because Zach is no longer buying bagels and is now buying muffins so continuing to use bagels as a representative good in the basket of goods used to calculate CPI would be overstating it.

d. Accurate representation of Inflation

In Chris's case, the increase in the price of the same shoe over the years has been because of a general rise in prices and not because it is a different model. It is the same shoe and its price is rising generally so this is an accurate depiction of inflation.

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