Answer:
The Operating Activities Section of the Statement of Cash Flows, using the indirect method:
Net Income $210
Changes in working capital:
Accounts Receivable -100
Inventory 110
Salaries & Wages Payable 80
Net cash flow from operating $300
Explanation:
In preparing the operating activities section of the Statement of Cash Flows, two methods are used. The direct method and the indirect method.
The indirect method starts with the net income as the base and converts the income into cash flow through the use of adjustments. The net income is first adjusted with non-cash items (such as depreciation expense) as well as non-operating gains and losses. The direct method only takes the operating cash transactions into account to produce the cash flow from operations. However, it is required that the direct method must provide a reconciliation of net income to the net cash provided by operations.
Answer:
Point C and G. Refer to the attached image.
Explanation:
According to the attached image, the price and quantity combination the government would regulate this firm to get as close as possible to the most efficient point for society is C and G because, this is the point where marginal cost MC and Average Total Cost intercept and form lower equilibrium point.
This means that if company sell at this point they will not run at shortage and also for buying society, the quantity they will buy is also at the increase making it the most efficient point for the society.
Answer:
C. When inventory is delivered to a customer
Explanation:
As we know that the inventory is good that the company sold to the customers. Through these goods, the company can able to generate huge profits and gain a competitive advantage in the market
But when we talk about the inventory cost that converted into an expense is when we delivered the product to the customer. It would be represented in the company books as an expense. Until sold, it cannot be converted
Answer:
B. False.
Explanation:
Helen instructed Joseph during his active working hour does not matter if he is on his lunch break or not, so Joseph is entitled to workers compensation.
