Answer:
Net Income 193,000
Non-monetary terms:
Depreciation expense 25,000
amortization expense 10,000
gain on disposal <u> (7,000) </u>
Adjusted Income 221,000
Change in Working Capital:
Increase in A/R (27,000)
Decreasein Inv 17,000
Increase in Prepaid (5,000)
Increase Accrued /P 11,000
Decreasein A/P (6,000)
Change In Working Capital (10,000)
From Operating Activities 211,000
Investing
Sale of Equipment 47,000
Financing
Bonds Issued 60,000
Cash Flow 318,000
Beginning Cash 99,000
Cash Flow 318,000
Ending Cash 417,000
Explanation:
We first remove the non.monetary concetps from the net income.
Then we adjust for the change in working capital which are the incrase and decrease in the current assets and liabilities account
Increase in asset and decrease in liabilities represent cash outflow
while the opposite is true when an asset decrease(convert to cash) or a liablity increase (delay of the payment)
Answer:
A price floor set above the equilibrium price will result in a surplus of supply.
Explanation.
An equilibrium price refers to the price at which demand for a service or product is equivalent to the quantity of the product or service supplied in the market.
Setting a price floor above the equilibrium price essentially means that the set prices will be higher than what demand is willing to pay for the product or service. Demand will therefore purchase fewer quantity of the product offered by supply at the prevailing price than they would have at equilibrium price.
Since the price floor will raise the product price to considerably higher than the equilibrium price, supply will be willing to provide higher volumes of the product at the prevailing price than at equilibrium price.
This will lead to a mismatch in the market between supply and demand resulting into a surplus.
D. Platt Hardware Store Trial Balance As of May 31, 20
Items that belong in the income statement include:
- Revenue, expenses and net income
<h3>The Income Statement </h3>
- Is used to calculate the total income earned by a company in a given period.
- Lists the revenue and expenses.
The net income will then be calculated by deducting the expenses from the revenue.
In conclusion, the income statement shows revenue, expenses, and income.
Find out more about the income statement at brainly.com/question/14818051.
Answer: b. fields of experience
Explanation: The different interpretations of the advertisement are primarily due to differing fields of experience. The interpretation errors due to dissimilar or differing fields of experience are the consequence of bad translations made when the KFC slogan of "finger-lickin' good" was translated into Mandarin Chinese as "eat your fingers off"!
