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hram777 [196]
3 years ago
12

Last year Aft charged $1,220,293 Depreciation on the Income Statement of Andrews. If early this year Aft purchased a new depreci

able asset, the effect on Andrews's financial statements would be (all other items remaining equal):
Business
1 answer:
RideAnS [48]3 years ago
5 0

Answer: No impact on Net Cash from operations.

Explanation:

There are three main sections in the cash flows statement and these are the operating activities which includes the cash transactions which has an effect on the net income; the investing activites which are the cash transactions that has to do with non-current assets and the financing activities which are the cash transactions that involves the non current liabilities and equity.

It should be noted that the purchase of the long-term assets is an investing activities. Therefore, the item will be recorded in the Investing activities in the cash flow statement.

There will be a reduction in cash while there'll be an increase in the fixed. The income statement is also affected due to the fact that there will be an increase in the depreciation expense that's recorded.

Therefore, there'll be no impact on the net cash from operations.

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Using an example, explain the relationship between human resources and business objectives....
marysya [2.9K]

Human Resources are like eyes,mouth,legs and etc. they help us everyday and we need them,without them we wouldn’t be anything and some ppl don’t have them but they work without it. Business objectives is like you doing something that requires objectives like pen,paper,laptop something that will help with business.

4 0
3 years ago
Which of the following statements regarding Government National Mortgage Association (GNMA) securities are true EXCEPT:________.
m_a_m_a [10]

Answer: B) GNMAs are considered to be the riskiest of the agency issues

Explanation:

The Government National Mortgage Association (GNMA) or <em>Ginnie Mae</em> as they are popularly known, are a Federal agency that guarantee the payment of interest and principal on securities by lenders that are approved by the Agency.

As a result, these securities are backed, like Treasury Bills, by the full faith and credit of the United States Government which means that they are the safest of Agency issues.

4 0
3 years ago
The Universal Container's customer support organization has implemented knowledge centred support (KCS) in its call centre. Howe
olga2289 [7]

Answer:

Measure and reward agents based on the no of new articles approved

Explanation:

A key way to improve knowledge sharing strategy is by rewarding valuable contribution.

Giving rewards for just any contribution might leads to a massive inflow of useless information purposely in order to claim rewards and at the end of the day , the data system is filled up with jargon and not knowledge.

Knowledge sharing credit should be attached only to information that adds value. Moreover as values can be relative  ,it should be stated that value will be decided by the users of the information , which means the higher the user , the higher the value .

7 0
3 years ago
Below, you are given the total revenue and total cost associated with producing and selling different quantities of a good. You
GalinKa [24]

Answer:

Fixed costs are the relatively stable, ongoing costs of operating a business that are not dependent on production levels. They include general overhead expenses such as salaries and wages, building rental payments or utility costs. Variable costs, meanwhile, are those directly related to, and that vary with, production levels, such as the cost of materials used in production or the cost of operating machinery in the process of production.

Total production costs include all the expenses of producing products at current levels. As an example, a company that makes 150 widgets has production costs for all 150 units it produces. The marginal cost of production is the cost of producing one additional unit.

3 0
3 years ago
Drake operates a trucking business, and one of his trucks was damaged in a traffic accident. The truck was purchased for $52,000
maw [93]

Answer:

The amount of Drake’s casualty loss deduction is $3,000

Explanation:

The deduction amount would be less of the adjusted basis or net cost of the truck

where,  

Adjusted basis = $22,000

And, the net cost would be equal to

= Repair cost - reimbursement cost of insurance

= $5,000 - $2,000

= $3,000

So, by comparing both the amounts, the $3000 would show a lesser amount than adjusted basis ($22,000)

And, the purchase cost of the truck would be ignored. Thus, it is not considered in the computation part.  

7 0
3 years ago
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