Answer:
$87,000
Explanation:
The computation of the cash provided by operating activities (indirect method) is given below:
Cash flow from Operating activities
Net income $72,000
Add: Depreciation expense $4,000
Add: Current assets decreased $3,000
Add: Current liabilities increased $8,000
Net Cash flow provided by operating activities $87,000
Answer:
The insurance company, because the applicant was covered by the policy.
Explanation:
Once a conditional receipt is given, the applicant is immediately covered. The issuing of a conditional receipt provides immediate coverage starting from the date the application was made and the premium was paid. Only if the applicant didn't pass the underwriting requirements for the policy, would the policy not be in effect. For example, if the applicant must pass a medical examination, the coverage begins only after the applicant passes the medical examination.
Therefore the insurance company must provide the reasons why they denied the claim.
Answer:
Countries specialize in order to increase their trade. Imagine a country that has specialized in rubber production and suddenly other more efficient synthetic products have replaced rubber. That means that the demand of rubber has fallen. This would create the country to face labor unemployment, lack of trade for rubber, a long period of stagnant growth indirectly effecting the economy adversely.
Therefore countries prefer to go along with trade and avoid specialization so as to avoid period of stagnant growth.
Answer:
Blake Company
Assets = Liabilities + Equity
- 395 -215
- 180
The expenses payable are decreased and so are liabilities. The cash is also decreased.
The petty cash payments report and all receipts are given to the company cashier in exchange for check to reimburse the fund. The petty cashier cashes the check and puts the cash in the petty cash book . the company records this reimbursement as follows.ase
Miscellaneous Expenses $ 215 Dr
Cash receipts $ 180 Dr
Cash $ 395 Cr
To reimburse petty cash.
Answer: The difference in the two future values is $2703.79.
We arrive at the answer at follows:
We need to find the future value of these investments.
<h3><u>
A. First investment Plan</u></h3>
We have
Principal $25,000
Interest rate per year (i) 12%
No. of years (n) 7
No. of compounding periods per year (m) 12 (monthly)
We can compute the Future Value (FV) of this investment with the following formula:
Substituting the relevant values in the formula above we get,
<h3>B<u>
. Second investment Plan</u></h3>
We have
Principal $25,000
Interest rate per year (i) 13%
No. of years (n) 7 No. of compounding periods per year (m) 2 (semi-annual)
We can compute the Future Value (FV) of this investment with the following formula:
Substituting the relevant values in the formula above we get,
<h3><u>C. Difference between the two Future values</u></h3>