Answer:
b. An increase of $15 million
Explanation:
The computation of the cash impact of the change in working capital is shown below:
As we know that
Working capital = Current assets - current liabilities
So, the change in working capital is
= Increase in current assets - increased in current liabilities
= $40 million - $25 million
= $15 million
Hence, the b option is correct
Answer:
1. The correct answer is b) Confidentiality.
2. The CEO supports the CFO and does not agree to correct the financial statements
Explanation:
1. Confidentiality is an important element for different companies and professions, for example, through confidentiality, companies protect much of their information. That is why many companies make a confidentiality agreement with their employees when hiring them with the aim that the Company information is not shared for any reason.
There are confidentiality agreements that remain in force after people have stopped working at the company, for example in the case of the accountant who denounces the financial irregularities of his former boss, violates the confidentiality agreement and if his employer shows that he has no irregularity he can sue the accountant for not complying with the agreement.
2. Executive Director of the company is known as the CEO, whose function is the development of the business plan and the organization of the company.
The CFO is the acronym for the financial director in companies, they have the function of financial planning.
In companies, Executive Director (CEO) has the authority to accept or deny actions to be taken, for example, he has the authority to tell the chief financial officer (CFO) not to correct the company's financial statements. When the company has problems, it may be that the CEO and CFO will have responsibilities taking into account their functions.
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Answer:
$163,100
Explanation:
First find the present value of cashflows at year 1 and 2
<u>PV of $82,400;</u>
PV = FV/(1+r)^n
PV = 82,400/(1.1275)^1
PV = $73082.0399
<u>PV of $148,600;</u>
PV = FV/(1+r)^n
PV = 148,600 /(1.1275)^2
PV = $116,892.2473
From the cumulative present value of 303,764.34, find the balance after deducting the above PVs;
PV of cashflow yr3 = $303,764.34 -$73082.0399 -$116,892.2473
PV of cashflow yr3 = $113,790.053
Next, calculate year 3's cashflow;
Year 3 cashflow = 113790.053(1.1275)^3
Year 3 cashflow = $163,099.996
Expected cashflow in third year is approximately $163,100
Answer:
$206,667
Explanation:
Calculation for What total amount of amortization expense should have been recorded on the intangible asset by December 31, 2020
Using this formula
Total Amortization expense=Cost/useful life*Number of months
Let plug in the formula
Total Amortization expense=$1,162,500/180*32
Total Amortization expense=$206,667
Note that 15 years*12months will give us 180 months which is the useful life while May 1, 2018 - December 31, 2020) will give us 32 months
Therefore the total amount of amortization expense should have been recorded on the intangible asset by December 31, 2020 will be $206,667
The methods that show the property sheet is on the form tools design tab, in the Tools group, click property sheet and press the F4 function.
<h3>What is a property sheet?</h3>
A property sheet refers to the window that allows the user to view and edit the properties of an item.
The method that shows the property sheet is on the form tools design tab in the Tools group, click the property sheet and press the F4 function key.
Therefore, B, and D are the correct option.
Learn more about the property sheet here:
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