Answer:
The companie's depreciation expense declined.
Explanation:
When depreciation expense declined it will result in decrease in general expenses and as a result income will increase.
Depreciation is added as.part of cash flow from operations, so as depreciation decreases the cash flow also decraeses.
A decrease in depreciation will result in net income increase from the previous year, and net cash provided from operations will decline.
Answer:
The correct answer is A.
Explanation:
Giving the following information:
The equilibrium quantity in the market for widgets is 200 per month when there is no tax. Then a tax of $5 per widget is imposed. As a result, the government can raise $800 per month in tax revenue.
We need to find the level of demand that allows the government to raise $800 per month.
Q=Total Tax/Unitary Tax
Q= 800/5
Q= 160
The new equilibrium is 160 units. Therefore, the equilibrium has fallen 40 units.
Answer:
a. $12.08 per share
Explanation:
For computing the next year stock we have to do the following calculations
Current Earning per share = Net Income ÷ Number of Common Shares Outstanding
= $9,750,000 ÷ 5,500,000 shares
= $1.77
Current Price Earning ratio = Current stock price ÷ Current EPS
= $14.74 ÷ $1.77
= 8.33
Now Next year earning per share = $9,750,000 × 1.25 ÷ 8,400,000 shares = $1.45
So, the next year stock price = $1.45 x 8.33
= $12.08 per share
Answer:
Open accounts resulting from short-term extensions of credit to customers
Explanation:
Trade receivables are amounts billed by a business to its customers when it delivers goods or services to them in the ordinary course of business. These billings are typically documented on formal invoices, which are summarized in an accounts receivable aging report.
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