Answer And Explanation:
Please see answer and explanation attached
Answer and Explanation:
The preparation of the schedule to reconcile the net income to net cash flow from operating activities is presented below:
Cash from operating activities
Net income $24
Adjustment to reconcile
Add: Depreciation expense $11.5
Add: Depletion expense $5.4
Less: Gain on sale of Equipment -$17.5
Add: Loss on sale of land $7.3
Less: increase in account receivable ($292.30 - $228) -$64.30
Add: increase in accounts payable ($177.60 - $165) $12.6
Add: increase in salaries payable ($29 - $24) $5
Add: decrease In prepaid insurance ($18.7 - $14.3) $4.4
Add: Decrease in bond discount ($12.3 - $10.4) $1.9
Add: increase in income tax payable ($24 - $12.4) $11.60
net cash flow from operating activities $4.20
The cash outflow represents in a negative sign while the cash inflow represents in a positive sign
<h3>When you increase price,you increase revenue on units sold.When you increase price,you sell fewer units.</h3>
Hope this helps
<h2>--SirGerick--</h2>
Answer:
The correct answer is productive capacity; real assets
Explanation:
Wealth is the abundance of material and immaterial resources, also collective possession - social or national wealth - or individual possession - personal wealth - of financial assets and assets, usually specified in property form (movable and immovable property). It can be studied from the anthropological, sociological, economic or even moral point of view, and its meaning can only be fully understood with respect to the human being and the opposite concept of poverty.
The wealth of nations can be measured by GDP, that of individuals by per capita income. Poverty is the opposite of wealth. When wealth accumulates in a few people, economic inequality is generated.1 Personal wealth is obtained, lawfully or illegally, by inheritance and accumulation of capital.