Answer and Explanation:
The preparation of the operating activities section is shown below:
Particulars Amount
Cash flow from operating activities
Net income for the fiscal year $719,000
Adjustment for non-cash effects:
Depreciation and amortization $86,000
Changes in operating assets and liabilities:
Add: Decrease in accounts receivable $41,000
Less: Increase in inventories ($11,100)
Less: Increase in prepaid expenses ($10,400)
Add: Increase in salary payable $11,900
Less: Decrease in income tax payable ($17,000)
Net cash flows from operating activities $819,400
Answer:
Total Maximized Profit = $2612.5
Explanation:
given data
Total Cost TC = 10(QE + QW)
QE = 100 - 2PE
QW = 100 - PW
solution
we consider here Q is = QE + QW
so total cost TC = 10 Q
we first derive it Marginal Cost by taking derivative of TC w.r.t Q that is
MC = 
MC = 10
so when crusty practice price discrimination then it will different marginal revenue from each market is
QE = 100 - 2PE
and
Total Revenue from market E is
E = TRE = QE × PE
E = 100PE - 2PE²
and
Marginal Revenue from E is
E = MRE = 
E = 100 - 4PE
and
now we put MRE = MC
100 - 4PE = 10
PE = $22.5
and here QE will be
QE = 100 - 2PE
QE = 100 - 45
QE = 55 units
and
TRE = 55 × 22.5
TRE = $1237.5
and
now Considering second neighborhood W
QW = 100 - PW
so here
TRW = 100PW - PW²
and
MRW = 100 - 2PW
now we equating MRW with MC
so it will be
100 - 2PW = 10
PW = $45
and
Q = 100 - PW
Q = 100-45
Q = 55 units
so
TRW = 55 × 45
TRW = $2475
so here
Total Revenue will be
Total Revenue = TRE + TRW
Total Revenue = $1237.5 + $2475
Total Revenue = $3712.5
and
Total Cost will be
Total Cost = 10(55+55)
Total Cost = $1100
and
Total Maximized Profit will be
Total Maximized Profit = TR -TC
Total Maximized Profit = $3712.5 - $1100
Total Maximized Profit = $2612.5
Answer:
D. May be claimed to reduce the amount of withholdings from the employee's earnings.
Explanation:
A personal allowance can also be known as a "tax-free" allowance. It refers the amount an individual is entitled to earn in a given tax year, before he/ she starts paying income tax.
Based on common practice, when your Federal income tax withholding is calculated, you can claim some allowances such as the personal allowance which will reduce the amount of your income that is withheld by your employer.
Answer choices b and c could possibly be correct
Answer:
C. Cash, prepaid rent, accounts receivables.
Explanation:
A balance sheet can be defined as the financial statement that gives a detailed summary of the financial balance of a business firm or individual at a specific period of time. Therefore, it typically comprises of assets, liabilities, capital, debt, equity etc.
In Financial accounting, Accounts Receivable are considered to be a current asset because it is the payment a business firm would receive from its customers for goods purchased or services taken on credit. Also, cash, rent and accounts receivable are recorded in the current assets section of the balance sheet because they add value to a business firm.
Generally, current assets are considered to be liquid because they are listed on the balance sheet in the order (descending) in which they are expected to turn or be converted to cash within a relatively short term period.
Hence, account receivables, cash and rent are assets on the balance sheet, which are listed in order of liquidity.
The choice that include only accounts that appear in the asset section of the balance sheet are Cash, prepaid rent, and accounts receivables.
