Answer:
What were wealthy merchants known as in India?What were wealthy merchants known as in India?
What were wealthy merchants known as in India?
Explanation:
What were wealthy merchants known as in India?I miss you so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so much
Answer:
$4,455
Explanation:
The computation of total decrease in earnings (pretax) in Morris Dec. 31, 2021, income statement is given below:-
Interest expense upto 31 Dec 2021 = (Total present value of lease payment - Lease payment on July 1, 2021) × 6% × 6 ÷ 12
= ($58,500 - $7,500) × 6% × 6 ÷ 12
= $51,000 × 6% × 6 ÷ 12
= $1,530
Depreciation expense upto 31 Dec 2021 = Fair value of equipment ÷ Useful life × 6 ÷ 12
= $58,500 ÷ 10 × 6 ÷ 12
= $5,850 × 6 ÷ 12
= $2,925
So, the total decrease in earnings (pretax) in Morris Dec. 31, 2021, income statement = Interest expense upto 31 Dec 2021 + Depreciation expense upto 31 Dec 2021
= $1,530 + $2,925
= $4,455
Answer:
$1,860,762.35
Explanation:
The computation of the number of shares need to be sold is shown below:
= Raise amount ÷ received per share
where,
Amount received by company per share = Price per share in case of general cash offer - Underwriter's commission per share
= $28.30 - $28.30 × 6%
= $28.30 - $1.698
= $26.602
So, the number of shares sold is
= $49,500,000 ÷ $26.602
= $1,860,762.35
Answer:
a.Cash - $133 Net Income $ 0
b.Cash $0 Net Income -$133
c.Cash $0 Net Income $1,297
d.Cash $865 Net Income $0
e.Cash -$2,528 Net Income $0
f.Cash $ 0 Net Income - $610
Explanation:
Item b. The Supplies Expenses will be recognized out of supplies account and this will reduce the Net Income
Item c. Sales made on Account does not Affect cash but increases Net Income.
Item d. Receipts from Customers only affects Cash and no effect on Net Income.
Item e. Purchase of Equipment is a Capital Expenditure that only affects cash.
Item d. The depreciation expenses only affects Net Income.
Answer:
The amount of cash inflow from customers that would appear in the operating section of the statement of cash flows is $26400.
Explanation:
Cash flow from customers = Account receivable, beginning + Credit sales - Account receivable, ending
= 2,100 + 6,500 - 1,100
= $26400
Therefore, The amount of cash inflow from customers that would appear in the operating section of the statement of cash flows is $26400.