Answer:
Net cash Provided by Operating activities = $416000
Explanation:
Using indirect method for Cash flow from operating activities we use following steps to get value of net cash provided by operating activities.
Net income $400000
Add: Depreciation $104000
Less: Gain on Sale of Land -$148000
Less: Increase in Accounts Receivable -$80000
Less: Increase in Inventory -$60000
Add: Increase in Accounts Payable $200000
Net Cash Provided by operating activities $416000
Answer:
The answer is: 1) II > I > III
Explanation:
<u>Pricing scheme I: $2 million profit</u>
- Price $150,000
- Contribution margin = $150,000 - $50,000 = $100,000
- 35 units sold x $100,000 = $3.5 million
- profit = $3.5 million - $1.5M = $2 million
<u>Pricing scheme II: 2.25 million profit</u>
- Price $200,000
- Contribution margin = $200,000 - $50,000 = $150,000
- 25 units sold x $150,000 = $3.75 million
- profit = $3.75 million - $1.5M = $2.25 million
<u>Pricing scheme III: $1.5 million profit</u>
- Price $250,000
- Contribution margin = $250,000 - $50,000 = $200,000
- 15 units sold x $200,000 = $3 million
- profit = $3 million - $1.5M = $1.5 million
Making sure you have enough money in your account so as to not bounce a check, also see where and what was paid
Answer:
$16,604
Explanation:
Calculation to determine Meghann's QBI deduction
Using this formula
Meghann's QBI deduction = Taxable income *Tax rate
Meghann's QBI deduction =$83,020 x 20%
Meghann's QBI deduction =$16,604
Therefore Meghann's QBI deduction is $16,604