A primary incentive for entrepreneurs is ____

Exercise 4-20 (Algo) Statement of cash flows; indirect method [LO4-8] Presented below is the 2021 income statement and comparati

dedylja [7]

Answer and Explanation:

The preparation of the cash flow statement is presented below:

TIGER ENTERPRISES

Cash flow statement

Cash flow from operating activities

Net income $3,324

Adjustment made

Add: Depreciation expenses $410

Add: Decrease in account receivable $165 ($835 - $1,000)

Less: Increase in inventory -$55($825 - $770)

Less: Increase in prepaid insurance -$100 ($140 - $40)

Less: Decrease in account payable -$145 ($385 - $530)

Less: Decrease in accrued liabilities -$185 ($385 - $570)

Add: Increase in income taxes payable $45 ($365 - $320)

Net cash provided by operating activities $3,459

Cash flow from investing activities

Purchase of equipment -$650 ($3,300 - $2,650)

Net cash used by investing activities -$650

Cash flow from financing activities

Issuance of the note payable $300 ($1,100 - $800)

Issuance of the common stock $150 ($1,120 - $970)

Dividend paid -$2,989 ($870 + $3,324 - $1,205)

Net cash used by financing activities -$2,539

Increase in cash $270

Add: Beginning cash balance $370

Ending cash balance $670

The items which shown in a positive sign reflects the cash inflow and the items which shown in a negative sign reflects the cash outflow ,

4 0

3 years ago

On January 2, Burt asked Logan to loan him money "against my diamond ring." Logan agreed to do so. To guard against intervening

ELEN [110]

Answer:

The answer is: Logan has priority.

Explanation:

Priority is always given to the party that files it first. In this case, Logan and Burt signed a security agreement on January 2 and a financing statement on January 3 that was filed by Logan.

On January 4, Burt sold his ring to Tiilo, but he did it after Logan filed the statement.

4 0

3 years ago

whole number. a. Before the tax is imposed, the equilibrium price is $ 1.5 per bottle and the equilibrium quantity is 4 billion

Sonbull [250]

Answer: hello your question is poorly structured attached below is the missing graph and missing part of the question

Assume the government imposes a $1.00 excise tax on the sale of every 2 liter bottle of soda. The tax is to be paid by the producers of soda. The figure below shows the annual market for 2 liter bottles of soda before and after the tax is imposed.

answer :

a) $2 , 4 billion

b) $2.5

c) $1.5

d) 3 billion

e) $3 billion

Explanation:

a) equilibrium price = $2 per bottle

equilibrium quantity = 4 billion bottles

b) After imposition of excise tax

consumers will pay = $2.5

c) The amount producers keep after the imposition of taxes

= $2.5 - tax

= 2.5 - 1 = $1.5

d) New equilibrium quantity ( after tax is imposed )

= 3 billion bottles ( from graph attached ) i.e. intersection of S2 and D

e) Amount of tax revenue collected by the government from the imposition of tax

= quantity of bottles sold * $1

= 3 billion * $1 = $3 billion

6 0

3 years ago

Which of the following statements regarding EBITDA is correct: Select one: a. A defined term in GAAP b. None of the listed answe

andrezito [222]

Answer:

b. None of the listed answers

Explanation:

EBITDA means earnings before interest , tax, depreciation and amortization, whereas operating is the gross profit minus all operating costs, since depreciation and amortization, which are operating costs would have been deducted in arriving at EBITDA, it means operating income and EBITDA are not the same.

Net income is gross profIt minus interest,tax ,depreciation and amortization, hence, it is a far cry from EBITDA.

Note also EBITDA is not recognized by generally accepted accounting principles (GAAP) as a performance measure

4 0

3 years ago

If you try not to spend more than _______ minutes with each new contact, you can network easily and successfully through a large

GalinKa [24]

B eight minutes gives you plenty of time to share and learn what you need to know

5 0

3 years ago

A primary incentive for entrepreneurs is _____.