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nalin [4]
3 years ago
8

Tamarisk Corporation had the following 2020 income statement. Sales revenue $189,000 Cost of goods sold 129,000 Gross profit 60,

000 Operating expenses (includes depreciation of $20,000) 54,000 Net income $6,000 The following accounts increased during 2020: Accounts Receivable $14,000, Inventory $10,000, Accounts Payable $12,000. Prepare the cash flows from operating activities section of Tamarisk’s 2020 statement of cash flows using the indirect method.

Business
1 answer:
densk [106]3 years ago
6 0

Answer:

Kindly check attached picture for Tamarisk Corporation Statement Of Income 2020 (indirect method)

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The notes to a recent annual report from Weebok Corporation indicated that the company acquired another company, Sport Shoes, In
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Answer:

$221,500

Explanation:

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where,

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3 0
3 years ago
Determine the adjusted basis of each of the following assets:
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Answer and Explanation:

The computation is shown below:

                  75%                      25%             100%

Particulars       Business Use Personal Use    Total

Initial Basis    $22,500         $7,500            $30,000

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Adjusted Basis      $18,291           $7,500             $25,791

b    

Particulars                     Building        Land            Land Improvements

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Remodeling cost        $8,000  

Parking lot and sidewalks                             $12,000

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Adjusted basis         $187,380 $80,000           $110,000

We simply classify the cost to each type of asset which is shown above

8 0
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Answer:

Here answer to the first fill in the blank is money paid and answer for the second fill in the blank is overall sacrifice.

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Here Eddie has perceived price as money paid for the purchase of his favorite beverage, he is ready to drive 30 miles for this beverage , just because he is saving a dollar on it, so from the Eddie's point view , driving 30 miles to get the beverage is worth it . But as per the most of the customers , Eddie is making an overall sacrifice by driving 30 miles to get the beverage , just because he is saving dollar on it, so from the most customers point of view , driving 30 miles is not worth it and a lot of sacrifice is being made.

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Answer:

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