Answer:
The $4,060,000 should be added to the net income under the operating activity.
Explanation:
Depreciation: It is the amount which shows a reduction in the value of the fixed assets due to tear and wear, obsolesce, usage, etc.
Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments also.
Moreover, the depreciation amount should be added to the net income amount because depreciation is a non - cash expense.
So, $4,060,000 should be added to the net income under the operating activity.
Answer:
$ 925
Explanation:
Data provided:
Credit sales = $ 43,000
Collection of credits = $ 34,000
Amount written off = $ 675
Estimated uncollectible amount at the year end = $ 250
Now,
the bad debt expenses will be the total amount that has not be recovered back
i.e the amount written off + uncollectible amount
or
bad debt expenses = $ 675 + $ 250 = $ 925
Answer:
Ending inventory cost= $10,900
COGS= $15,940
Explanation:
<u>To calculate the ending inventory using LIFO (last-in, first-out) method, we need to use the cost of the lasts units incorporated into inventory:</u>
Ending inventory in units= 1,000 - 550= 450
Ending inventory cost= 340*23 + 110*28= $10,900
<u>Now, the cost of goods sold:</u>
COGS= 270*30 + 280*28= $15,940
Common quantity of clients ready in line is the subsequent measures of machine overall performance is a key degree with recognize to consumer satisfaction.
The required details for customer in given paragraph
In sales, trade, and economics, a consumer (on occasion referred to as a patron, buyer, or purchaser) is the recipient of a good, service, product or an concept - received from a dealer, vendor, or supplier thru a economic transaction or exchange for money or a few different valuable consideration. Clients who habitually go back to a dealer broaden customs that permit for normal, sustained trade that lets in the vendor to broaden statistical fashions to optimize production processes (which alternate the character or shape of products or services) and deliver chains (which adjustments the vicinity or formalizes the adjustments of possession or entitlement transactions). The time period patron is derived from Latin customers or care meaning "to incline" or "to bend", and is associated with the emotive concept of closure. It is broadly believed that humans handiest alternate their conduct whilst inspired by greed and fear.
Winning a patron is, therefore, a unique event, that is why expert experts who cope with precise troubles generally tend to draw long-time period customers in preference to normal clients. Unlike normal clients, who purchase simply on rate and value, long-time period customers purchase on revel in and trust.
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Answer:
The explanation is attached in the file below
Explanation:
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