Answer:
Option (b) is correct.
Explanation:
Given that,
Net income = $96,200
Depreciation expense = $6,300
Increase in net working capital = $2,800
Net cash from operating activity:
= Net income + Depreciation expense - Increase in net working capital
= $96,200 + $6,300 - $2,800
= $99,700
Therefore, the amount of the net cash from operating activity is $99,700.
Answer:
Option A is correct
Explanation:
What we need to know to solve this question is how the cash method for accounting works in this scenario.
Thus, using the cash accounting method income is to be recognized when cash is received, thus the taxpayers for tax purposes will be reporting income when the income is received (in the form of services, cash, property, etc.).
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The definition of a superior is a person who is better in diploma, rank, numbers, etc. than others. An example of a superior is the supervisor of an enterprise. advanced comes from the Latin phrase which means above and it literally way something that is above others in best or reputation.
Superior means better or greater in value. An instance of advanced users as an adjective is an advanced manager which means a supervisor whose abilities have been evaluated as fantastic. An instance of advanced users as an adjective is a superior grade of 100% on an exam. (printing) Set above the primary line of a kind. you use superior to explain someone or something that is better than different comparable humans or matters. Your superior in an agency that you work for is a person who has a higher rank than you. They do now not have a lot communique with their superiors.
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Answer:
b. understate the predetermined overhead rate
Explanation:

The rate is determinate by distributing the expected cost over the cost driver
In this case labor cost.
as this value is higher than it should
(labor + some indirect)

the result of the division will be lower thus, the overhead rate is lower than it should be without the mistake.