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Viktor [21]
3 years ago
8

In order to convert the average annual net cash inflow from the asset back to the average annual operating income from the​ asse

t
Business
1 answer:
Flura [38]3 years ago
3 0

Answer:

If you know the average annual net cash flow and you want to know the average annual operating income, you must look for the annual depreciation expense and subtract it from the net cash flow.

The formula for calculating net cash flows = operating income + depreciation expense

therefore,

operating income = net cash flows - deprecation expense

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After posting the entries to close all revenue and expense accounts, the Income Summary account of Cleaver Auto Services has a $
KATRIN_1 [288]

Answer:

INCORRECT.

In income summary account, all revenue accounts are closed by debiting them and crediting the income summary account. expense accounts are closed by crediting them and debiting income summary account. then on closing income summary account it shows debit balance if there is a net loss and it shows credit balance if there is a net income.

In the given case clever auto services has debit balance of $5,300 i,e it implies that clever auto services has loss .

Therefore above statement is wrong. It implies a loss of $5300 not the net income of $5,300.

3 0
3 years ago
Amazon creates many utilities for its customers, but perhaps the most valuable utility for consumers is ____________, the utilit
Anna007 [38]
<span>Amazon creates many utilities for its customers, but perhaps the most valuable utility for consumers is place, the utility created by having the offerings available where consumers need it, on Amazon.com!

Amazon creates one central place for customers to find almost everything they could ever need or want. This keeps their customer base happy, committed and spending on Amazon.com daily. Why shop elsewhere when you can use Amazon.com as a 'one stop shop'? Amazon has built a very loyal customer base by providing options and great customer service. </span>
3 0
3 years ago
Carl has a checking account. He'd like to know right away when his balance gets lower than $50. What should Carl do?
enyata [817]
He should set up an alert.
8 0
3 years ago
Read 2 more answers
A company's competitive strength scores pinpoint its strengths and weaknesses against rivals and Select one: a. point directly t
Montano1993 [528]

Answer:

e. point directly to the kinds of offensive/defensive actions it can use to exploit its competitive strengths and reduce its competitive liabilities.

Explanation:

A competitive strength assessment is defined as a weighted comparism of a business's strengths and weaknesses compared to the competition. The knowledge gained can be used to improve on weak areas.

Competitive advantage is the traits that set a business aside and gives it an edge over others. Competitive strength assessment evaluates the competitive advantages of a company. Therefore it shows the kinds of offensive/defensive actions it can use to exploit its competitive strengths and reduce its competitive liabilities.

8 0
3 years ago
At September 1, 2022, Coronado Industries reported Retained Earnings of $397620. During the month, Coronado generated revenues o
Angelina_Jolie [31]

Answer:

Closing retained earning is $414,540

Explanation:

The Retained Earnings figure can be calculated using the following equation:

Closing Retained Earnings = Opening Retained Earnings + (Sales - Expenses - Dividends)

Here

Opening balance of Retained Earning is $397,620

Revenues is $56,400

Expenses are $33,840

Dividends paid are $5,640

The purchased equipment is not considered here because it is increase in asset not an increase or decrease in revenue or expenses. So it is not considered here.

So by putting values, we have:

Closing Retained Earnings = $397,620 + ($56,400 - $33,840 - $5,640)

Closing Retained Earnings = $414,540

8 0
3 years ago
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