Answer:
Use rerospective valuation and then begin to use Fair value valuation of the investment account from 2019 and beyond
Explanation:
First, it should be noted that Jordan will make use of different methods to account for change in its account.
A first method will apply to a retrospective adjustment method to make relevant changes in the investment account
The second step is to now use the fair-value method for his account from 2019 and beyond.
The idea of using a retrospective method is to engage or apply a new accounting pricnciple as though it has always been applied, using the retrospective method will assist Jordan to compare teh year 2018 where it had significant influence over the opeations of Nico to 2019 and future years when it begins to use the fair-value method of investment valuation.
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Answer:
$399,950
Explanation:
The computation of cash provided (used) in operating activities using the indirect method is shown below:-
Cash flow from operating activities
Net income reported $260,000
Add: depreciation expenses $100,700
Less: gain on sale of equipment -$6,500
Add: decrease in accounts receivables $41,500
Add: increase in accounts payable $18,750
Less: decrease in wages payable -$14,500
Cash flow from operating activities $399,950
We simply added the cash inflows and deduct the cash outflows to reach out the operating activities
Answer:
Sales Revenue 1,218,000 1,218,000
Variable Cost 852,600 487,200
Contribution margin 365,400 730,800
Fixed Cost 292,320 657,720
Operating Income 73,080 73,080
Explanation:
Variable cost 852,600 / 42,000 units = 20.3 then - 8.7 for the decrease due to nex equipment = 11.6 Then 11.6 x 42,000 = 487,200
Answer:
Ground rules helps a team set a guiding course in achieving their team objectives and goals.
Ground rules helps team members to know what is acceptable and what is frowned at.
<em>Example of grounds rules includes:</em>
<em>Lateness to meeting is unacceptable</em>
<em>Communication must be formal and documented</em>
<em>Conflict resolution must be done and addressed by the leadership of the team</em>
Explanation:
Ground rules helps a team set a guiding course in achieving their team objectives and goals.
Ground rules helps team members to know what is acceptable and what is frowned at.
<em>Example of grounds rules includes:</em>
<em>Lateness to meeting is unacceptable</em>
<em>Communication must be formal and documented</em>
<em>Conflict resolution must be done and addressed by the leadership of the team</em>
