A(n) ________ is a favorable set of circumstances that creates a need for a new product, service, or business.

Two methods can be used to construct a statement of cash flows: the direct method and the indirect method. Under the indirect me

Morgarella [4.7K]

Answer:

A. two balance sheets and B. income statement

Explanation:

There are three types of activities in the cash flow statement which are described below:

1. Operating activities: It includes those transactions which affect the working capital after net income. The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added.

These changes in working capital would be adjusted. Moreover, the depreciation expense is added to the net income and the loss on sale of assets is added whereas the gain on sale of assets is deducted

2. Investing activities: It records those activities which include purchase and sale of the long term assets. The purchase is an outflow of cash whereas sale is an inflow of cash

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance. The issue of shares is an inflow of cash whereas redemption and dividend is an outflow of cash.

5 0

2 years ago

Business at Korey's Comics has been good, and Korey expects the same business next month. However, due to an increase in busines

Bezzdna [24]

Answer:

ADDITIONAL REVENUE & ADDITIONAL COST

Explanation:

If Korey has made the decision to bring on an extra hand to help run the store in the afternoons and the new employee will make $435 per month; then there are 2 changes that will happen to the monthly net income

1. Increased Revenue: Since the new employee will be bringing in additional revenue of $435, then the direct impact of that is an increment in the revenue line of the income statement

2. Increased Costs: Secondly, this change will affect Korey's monthly net income in the area of cost because he has to pay the extra hand some sort of monthly salaries which will have a reducing effect on profit.

7 0

3 years ago

Suppose you purchase five put contracts on Testaburger Co. The strike price is $45, and the premium is $3. If, at expiration, th

andriy [413]

Answer:

3000

1500

Explanation:

For each of the answers in this question I have added the formulas to solve them in the attachment below

1.

(45-39)*5*100

= 3000

2.

(45-39)-3 x5 x100

= $1500

7 0

3 years ago

An expense that would be included in the itemized deductions of a taxpayer is: A. travel to work. B. life insurance premiums. C.

ella [17]

The answer is C. Real Estate Property Taxes

6 0

3 years ago

Listmann Corp. processes four different products that can either be sold as is or processed further. Listed below are sales and

Sloan [31]

Answer:

The product Deluxe sgould not be processed further.

Explanation:

Giving the following information:

Sales - Value without Processing - Additional Costs - Sales Value after processing

Premier: $1,350 - $900 - $2,700

Deluxe: 450 - 225 - 630

Super: 900 - 450 - 1,800

Basic: 90 - 45 - 180

We need to calculate the contribution margin of each product before and after processing.

Premier:

Before= 1,350

After= 2,700 - 900= $1,800

It is more profitable to continue processing.

Deluxe:

Before= 450

After= 630 - 225= $405

It is more profitable to sell before processing.

Super:

Before= 900

After= 1,800 - 450= $1,350

It is more profitable to continue processing.

Basic:

Before= 90

After= 180 - 45= 135

It is more profitable to continue processing.

5 0

3 years ago