Answer:
Cash provided by operations is $250
Explanation:
<em>If a company has net income of 180, depreciation of 50, change in asset and liability accounts of $20, then cash provided by the operation is?</em>
<em />
Cash flows from operating activities
Net Income $180
<em>Adjustments to reconcile net loss </em>
<em>to net cash flow from operating activities</em>
Add: Depreciation $50
Add: Change in net current assets <u>$20</u> <u>$70 </u>
Cash provided by operations <u>$250</u>
Answer:
If the trustee objects to the sale, most likely: The trustee will avoid the transfer and take back the house as part of Alex's estate
Explanation:
Answer:
March 12 Medical waste expense 9100 Dr
Accounts Payable 9100 Cr
March 31 Accounts Payable 9100 Dr
Cash 9100 Cr
Explanation:
To record the services we received and have not paid for, we simply charge the service received as an expense and debit it and credit the Accounts Payable against it.
We use the relevant name for the service that we have created in our books. In this case, I have used the name Medical waste Expense.
The terms 2/10 n/30 means a 2% discount can be enjoyed by Grace Hospital if it pays the creditor within 10 days of receiving the service while n/30 means that the payment is to be made within the next 30 days from the day when service is received.
Grace doesn't pay for the services in the first 10 days there by missing on the discount and the whole amount is paid on 31 march. We debit the Accounts Payable as the liability has been settled and credit the cash through which payment is made.
Answer:
MR and MC are equal, any other output level will result in reduced profits.
Explanation:
Marginal cost is the increase in the total cost as a result of producing one additional unit. Marginal revenue is the increase in revenue resulting from the sale of one additional unit. Profit-maximization is the process by which a firm determines the price and output level that will result in the largest profit. The reason behind this strategy is that the total profit reaches its maximum point where marginal revenue equals marginal cost and the firm will continue to produce until marginal profit is zero. The marginal profit equals the marginal revenue minus the marginal cost.
Answer:
Cash flow from operating <u> 150,900</u>
Explanation:
<em>The operating activities section of he cash flow statement would like this</em>
$
Net Income 54,000
Adjustments:
Add depreciation expense 9.500
Add loss on sale of land 4,900
decrease in account receivable 24,000
Decrease in inventory 14,500
Decrease in payable <u>44,000</u>
Cash flow from operating <u> 150,900</u>
<em>All decrease in assets and increase in liabilities are added. All increase in assets and decrease in liabilities are subtracted.</em>
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