Answer:
net income increased by $1,537.50
Explanation:
Obviously, the original income statement is missing, so I looked for a similar question:
sales revenue $16,500
COGS <u>($9,300)</u>
Gross profit $7,200
Operating exp.:
- Administrative $950
- Depreciation $1,300
- Shipping $412.50 <u>($2,662.50)</u>
Net income $4,537.50
net income increased by $4,537.50 - $3,000 = $1,537.50
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So you can get a answer that is related to your question
Answers:
1.
Financing Activity
2.
Operating Activity
3.
Operating Activity
4.
Non Cash Activity
5.
Financing Activity
6.
Non Cash Activity
7.
Operating Activity
8.
Investing Activity
9.
Non Cash Activity
What to remember:
Operating activities are the kinds of activities the company
accomplishes to generate profits. This includes cash out flows and inflows.
Investing activities contain the purchase or sale of
long-lived assets used in operating the business, or the purchase or sale of
investment securities (stocks and bonds of companies other than Thyme).
Financing activities are borrowing money, issuing shares of
stock, and paying dividends.
When I am in a conflict that I am not passionate about, it
is seen as gracious to sometimes nothing because it did not hurt me in any way
because first and foremost, it is not my concern to start of. Conflicts maybe
hard but as long as I am not affected, it does not matter.
Answer: correct evaluation and medium of exchange etc.
Explanation: The main problem with the barter system is that it would be hard to value the goods or services that the parties are exchanging. In the given case, it would be hard to value how many car washes would be equal to a paint of house.
Also finding someone who is willing to paint house in exchange of car washes is another difficult task.
