Answer:
c
Explanation:
Cash payback period calculates how long it takes to recover the amount invested in a project from its cumulative cash flows.
Cash payback period = amount invested / cash flows
Cash flows = net income + depreciation = $5000 + $3000 = $8000
$44,000 / $8,000 = 5.5 years
Answer:
$88,386,000
Explanation:
The computation of the chester book value is shown below:
= Equity balance + decrease in assets in the next year - increased in liabilities for the next year
where,
Equity balance is $86,386,000
Decrease in assets is $4,000,000
Increased in liabilities $2,000,000
Now place these values to the above formula
So, the book value is
= $86,386,000 + $4,000,000 - $2,000,000
= $88,386,000
Answer:
A. a clear message and positive ethos
Explanation:
Clarity in communication refers to being effectiveness in conveying the intended message. Clarity in speech is a must for any speech as it aids in better comprehension of the message by the listener.
Ethos refers to the creation of authority and command in speech. It also refers to whether the speaker is able enough to speak on a subject or is he the right person to speak on such a matter.
Through ethos, the speaker establishes his command over the subject he has chosen to speak upon.
Positive ethos would mean displaying a positive body language while speaking and maintaining calm and open to questioning and providing the required response. It refers to building an amiable rapport with listeners.
Answer:
The errors have resulted in the overstatement of net income by $9,400. Actual net income is $35,600
Explanation:
Expired rent is usually accounted for by debiting rent expense and crediting prepaid rent account. As such this is an additional expenses that will be deducted from sale to get the net income.
Depreciation expense on asset is recorded by debiting depreciation expense and crediting accumulated depreciation. Again, it is an additional expenses that will be deducted from sale to get the net income.
Supplies used is a debit to supplies expense and a credit to the supplies account (B/s). Hence, it is an additional expenses that will be deducted from sale to get the net income.
Hence the total additional expense to be recorded
= $3,500 + $4,100 + $1,800
= $9,400
When recorded, net income
= $45,000 - $9,400
= $35,600
Answer:
Incorrect Statement about the Statement of Cash Flows:
c. The cash dividends of $201,000 paid will be reported as a cash outflow in the cash flow from investing activities section.
Explanation:
Cash dividends of $201,000 will be reported as a cash outflow in the financing activities section and not the investing activities section.
Statement of Cash Flows is broadly divided into three, the operating, investing, and financing activities sections. The operating activities section show the cash flows from the normal business of the enterprise. The investing activities section shows the acquisition and disposal of investments made by the company in cash. While, the financing section shows the inflow and outflow of cash resulting from the funding of the business by stockholders and noncurrent creditors.
