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Colt1911 [192]
2 years ago
13

Based on this income statement for Company XYZ for the year ending December 31, 2014, what adjustment would need to be made to N

et Income to account for Gain or Loss in calculating cash flow from Operating Activities using the indirect method
Business
2 answers:
RoseWind [281]2 years ago
6 0

Answer:

a) Adjustment of (16,000) in the operating section.

Explanation:

While preparing the operating activities section of the cash flow statement, the net income, depreciation expense, amortization expense, loss on sale of an asset should be added and the profit on sale should be deducted

So there is the loss of $30,000 that should be added and the gain on sale should be deducted i.e. $46,000

So there is an adjustment of -$16,000 in the operating activities section

Dafna11 [192]2 years ago
4 0
<h2>A</h2>

Hope it helps you!

-miraculousfanx-

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A bank initially has $190 million in assets and $150 million in liabilities. the banks net worth (capital) is _____________ mill
ElenaW [278]
Hi there

We know that the formula of the balance sheet is
Assets=liabilities+capital
So we want to find the amount of capital the formula is
Capital=assets-liabilities

The first answer is
Capital=190million−150million=40million...answer

The second answer
if the bank’s assets increase by 10% and its liabilities do not change
The amount of assets is
190+190×0.1=209million
And the amount of capital is
Capital=209−150=59million

capital increases by
59-40=19million. ..answer

Good luck!
8 0
2 years ago
The Cozy Company manufactures slippers and sells them at $ 10 a pair. Variable manufacturing cost is $ 5.75 a​ pair, and allocat
yulyashka [42]

Answer:

(b) $ 43 comma 750 ​increase

Explanation:

Consider the Incremental Costs and Revenues arising from accepting the Special Order.

Note: Cozy Company has  enough idle capacity available to accept a​ one-time-only special order, therefore the fixed costs are irrelevant for this decision, since order is accepted within the normal operating capacity.

Sales (25,000×$ 7.50)                                  $187,500

Variable manufacturing (25,000× $ 5.75)  ($143,750)

Net Income/(loss)                                           $43,750

<u>Conclusion</u>

Therefore, Operating Income would increase by $43,750 as a result of Accepting the Special Order.

,

7 0
3 years ago
Under a system of floating exchange rates, changes in the value of the U.S. dollar relative to other currencies are the result o
guajiro [1.7K]

Under a system of freely floating exchange rates, an increase in the international value of a nation's currency will cause its imports to rise.

<h3>What are floating exchange rates?</h3>
  • A floating exchange rate (also known as a fluctuating or flexible exchange rate) is a type of exchange rate regime in which the value of a currency is permitted to fluctuate in reaction to foreign exchange market occurrences.
  • A floating currency is one that uses a floating exchange rate, as opposed to a fixed currency, the value of which is determined in terms of material items, another currency, or a group of currencies (the idea of the last being to reduce currency fluctuations).
  • When the international value of a country's currency rises, so do its imports, and vice versa.

As it is given in the description itself, when the international value of a country's currency rises, so do its imports, and vice versa.

Therefore, Under a system of freely floating exchange rates, an increase in the international value of a nation's currency will cause its imports to rise.

Know more about floating exchange rates here:

brainly.com/question/11160294

#SPL4

The question you are looking for is here:

Under a system of freely floating exchange rates, an increase in the international value of a nation's currency will ____.

3 0
2 years ago
What is a major advantage of globalization?
Alja [10]

Answer:

A. Businesses are able to sell products to customers around the world.

Explanation:

3 0
2 years ago
Only you can open your safety deposit box. True False
Amanda [17]
Yes and No. In the event of your death or a sickness, you can appoint someone as a deputy to be responsible for the contents of your box. However, other people, like the IRS, cannot open your <span>safety deposit box.</span>
4 0
3 years ago
Read 2 more answers
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