Answer:
$823,000
Explanation:
To determine the net cash provided by operating activities using the indirect method we can use the following formula:
net cash flow = net income + depreciation expense - accounts receivable increase + inventory decrease - accounts payable decrease
net cash flow = $657,000 + $203,000 - $28,000 + $12,000 - $21,000 = $823,000
If accounts receivable decreased, then it would be added.
If inventories increased, then it would be subtracted.
If accounts payable increased, then it would be added.
Answer:
They have been helpful by giving us news about things we would never find out on our owns like there was a car crash on the highway.
Explanation:
Answer:
The supply of produce could suddenly cease with the death or incapacitation of the farm owner.
Explanation:
I took the quiz and got the question wrong. That does make since though.
The static-budget variance for operating income for Jerome Mobility Inc for 2017 is $7,500 F
Solution & Explanation:
Static difference in net profits
= Actual result - Static budget amount
= $47,500 - $40,000
= $7,500 F
The static budget is related to the amount of development expected at the beginning of the financial year. The master budget is the static budget, since it is around a single (absolute) projected production level which is established for the time.
F implies the real expense is smaller than the estimated costs for product products.
The single-budget distinction is the difference in the single budget between the real effects and the resulting estimate.
An adverse deviation -denoted U— has the impact of decreasing operational profit relative to the expected sum as interpreted separately. For certain countries, including the UK, negative variances are often referred to as adverse variances.
Answer: Note receivable collected by bank in favor of the depositor and credited to the account of the depositor
Explanation:
A bank reconciliation is when the records for a cash account of an entity are been matched to the corresponding information that are provided on a bank statement.
When preparing a bank reconciliation which ends with adjusted cash balance, the note receivable collected by bank in favor of the depositor and credited to the account of the depositor must be added to the cash balance per ledger.