Answer:
csh used for operatng activities 1,600
Explanation:
the operatng activities will be the cash outflow for business day-to-day operation
the rent is an operational cost, as the rented space is used daily for the business.
the workers salaries are operating activities, they work and provide their work to make the business operate
The equipment is an investment activity. the equipment will generate cash over the course of his useful life, is an investing activity. It decreases cash now, to increases in the future.
The Loan is a financing activity, the company is paying a loan which in a previous period provide cash.
So, total operating activities:
rent 500
salaries 1,100
total 1,600
Answer:
D. $ 10,300
Choice D is correct: Net income = $ 10,300
Explanation:
Cash Received = $ 16000
Less Rent Paid= ( $ 2000)
Add income = $ 3000
Less Salaries for the month of March = ($ 6200)
Less utilities paid ($ <u>500)</u>
<u>Net income=</u> $ 10,300
Treatments.
Net income is found by deducting expenses from revenues earned
$ 100,000 is the retained earnings so it is not accounted for net income.
Equipment is an asset so it is not accounted for net income.
Cash received is the revenue so it is accounted.
Rent is an expense account so it is subtracted.
Income for service $ 3000 provided is also taken into account on matching principle basis.
Advance received will be adjusted when the services will be rendered on matching principle.
Answer:
The answer is: D) A good-quality radio particular to that brand of automobile
Explanation:
An order winner is a product´s characteristic that will make a client decide to purchase the product. Order qualifiers are products´ characteristics that makes the product be considered as a purchase option by customers. Order qualifiers are like minimum market standards that products must meet to be able to compete in that market.
In this question the only characteristic unique to the car manufacturer was the good quality radio (order winner). All the other characteristics were similar between brands or car designs.
Answer:
b. decrease of $8,900
Explanation:
the sales price and variable costs are missing, so I looked them up:
sales price = $160
variable costs = $48
current operating income:
sales revenue $800,000
variable costs <u>($240,000)</u>
contribution margin $560,000
fixed costs <u>($499,000)</u>
operating income $61,000
if the company follows the marketing manager's plan:
sales revenue $867,300
variable costs <u>($283,200)</u>
contribution margin $584,100
fixed costs <u>($532,000)</u>
operating income $52,100
operating income will decrease by $61,000 - $52,100 = $8,900
Answer:
A. Forensic accountants
Explanation:
Forensic accountants possess auditing and investigative skills. Their work entails examining financial records and statements in search of evidence for any financial misleading. Forensic accountants are trained and qualified accountants or auditors. They acquire investigative skills through specialized training.
