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The net decrease in Prepaid Expenses (Prepaid) amounts to $30,000 and the net decrease in Accounts Payable (AP) is $20,000. Assu

tester [92]

Answer:

Net decrease in prepaid expenses of $30,000 will be added to the net income in adjustments to net income because it will be considered that working capital (inventory or any other expense) has been generated by the operations.

Net decrease in Accounts payable of $20,000 will be deducted from net income in adjustments to net income because decrease in accounts payable means that cash has been paid to the outstanding payables.

Net effect of the above transactions is $30,000 - $20,000 = $10,000

So, net income will be increased by $10,000 as net effect of the above adjustments.

7 0

2 years ago

A _____ consists of assessing an employee's performance and providing him or her with appropriate feedback.

larisa [96]

performance appraisal consists of assessing an employee's performance and providing him or her with appropriate feedback.

<h3>What is performance appraisal?</h3>

Performance appraisal is done to check the performance of a particular employee.

It is done from time to time through the review of workdone and contribution of such individual to the organizations.

Therefore, performance appraisal is consists of assessing an employee's performance and providing him or her with appropriate feedback.

learn more on performance appraisal here,

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3 0

2 years ago

Read 2 more answers

If the _______ are not valued as a strength, they can lead to low morale, diminished trust, reduced productivity, greater tensio

Leto [7]

Answer:

differences within the project team

Explanation:

There are usually a lot of differences between people in a project team. This makes the team to be more diversified and if these differences are not are not valued as a strength, they can lead to low morale, diminished trust, reduced productivity, greater tension, and suspicion and become a serious impediment to team performance. The team members are from different cultural groups and there may be issues in sharing knowledge, trust and productivity. If such issues are not tackled on time, they may become greater problems for an organization.

8 0

2 years ago

Calculation of EPS and retained earnings Everdeen Mining, Inc., ended 2019 with net profits before taxes of $ 436 comma 000. T

ryzh [129]

Answer:

A) $ 1,65 are the 2019 EPS

B) $ 144.4400 go to retained earning after paid dividens of 0,80 per share.

Please see details below:

Explanation:

Net Income BEFORE Taxes $436.000

Tax RATE 21% -$91.560

Net Income after Taxes $344.440

Preferred Stock -$64.000

Subtotal $ 280.440 >> 280.440/170.000= $1,65 2019 EPS

Dividends $0,80/Shares: 170.000*0,8= $136.000

Subtotal $ 144.440 >> Retained Earnings

8 0

3 years ago

Refer to the following scenario to answer the following questions.

myrzilka [38]

Answer:

5 fishermen will choose to operate their boats as each of them will earn a profit of $150

Explanation:

Per boat operating cost = $500 per month.

Price of fish = $5 per pound.

There are 5 fishermen and each fishermen has 1 boat.

For 1 boat

Total revenue = Price * quantity = $5 * 200 = $1,000

Cost = $500

Profit = Total revenue - Cost = 1000 - 500

Profit = $500.

For 2 boats

Total Revenue of each boat = $5 * 190 = $950

Cost of each boat = $500

Profit of each boat = Total revenue - Cost = 950 - 500

Profit of each boat = $450.

For 3 boats

Total Revenue of each boat = 5 * 175 = $875

Cost of each boat = $500

Profit of each boat = TR - Cost = 875 - 500

Profit of each boat = $375

For 4 boats

Total Revenue of each boat = 5 * 155 = $775

Cost of each boat = $500

Profit of each boat = TR - Cost = 775 - 500

Profit of each boat = $275

For 5 boats

Total Revenue of each boat = 5 * 130 = $650

Cost of each boat = $500

Profit of each boat = TR - Cost = 650 - 500

Profit of each boat = $150.

Conclusion: As there are 5 fishermen and if all of them out on the river at the same time then each fisherman earns profit of $150. As all fishermen earns profit hence all of them will choose to operate their boats. Therefore, 5 fishermen will be ready to operate their boats.

5 0

3 years ago