Answer:
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Explanation:
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Answer and Explanation:
The computation of the depreciation expense under the straight-line method is shown below:
= (Purchase cost - residual value) ÷ (Remaining life left)
= ($61,300 - $5,900) ÷ ( 8 - 2)
= $55,400 ÷ 6 years
= $9,233.33
Now for the six months it would be
= $9,233.33 × 6 months ÷ 12 months
= $4,616.67
The asset turnover is the turnover that comes by dividing the revenue from the average of the total assets
Here as per the given option the second option is correct as it correctly represents the asset turnover
Answer:
A) subtraction from net income under the operating activities section
Explanation:
Under the indirect method to determinate the cashflow from operating activities we reconcile the net income with the change in the net working capital.
The working capital is the current assets and current liabilities.
For this case, the account receivable account, increase to 48,000 from 45,000
This increase means, less sales were collected, so cash "outflow" as the cash from sale is not being converted into cash. It could also be understand as the company use 3,000 in financing their customers. This also is seeing as a decrease in cash flow.
Answer:
$ 6,600
Explanation:
Monty should 
e up to 
in the gross account but to an extent of the tax benefit in the previous year. Since the debt is a non-business debt, the amount of 
would be reported as the short term business capital loss.
In the previous year, Monty had a capital gain of 
and 
as taxable income.
Therefore, $ 3,600 + $ 3,000 = $ 6,600
So $ 6,600 out of $ 9,000 loss produced the tax benefit. Therefore, only 
can be included in the gross income of Monty for this year.
Answer:
The correct answer is B.
Explanation:
Giving the following information:
Rossini Company has budgeted production for next year as follows: Quarter First Second Third FourthUnits to be sold 53,400 80,200 94,000
At the end of each quarter, Rossini would like to have an inventory equal to 10% of the sales units of the next quarter.
Production:
2nd Quarter= 80,200
Ending inventory= (94,000*0.10)= 9,400
Beginning inventory= (80,200*0.10)= 8,020 (-)
Total= 81,580 units
