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saveliy_v [14]
2 years ago
6

What would happen if I were to buy a truck for $50,000 and expense all of it during that period, rather than handle it the way t

he book recommends? What would it do to my Income Statement and Balance Sheet?
Business
1 answer:
Ivenika [448]2 years ago
3 0

Answer:

Income from operation will decrease by $50,000

Explanation:

given data

inventory of a manufactured = 5,000 units

to find out

effect on income from operations

solution

as we know that in the absorption costing both variable cost and fixed cost are included in the cost of production

so that as under variable costing only the variable manufacturing cost are included in the cost

and

if absorption costing is used the inventory level that will be increased  by10 ×  5000 =  $50,000

so Income from operation will decrease by $50,000

so correct option is c.$50,000 decrease

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Calculate the additional cash needed for the six months. When there is a cash shortfall (the shortfall/surplus cash calculation
lord [1]

Answer:

the numbers are missing, so I looked for a similar question:

<em>Vince's Blinds will have cash receipts of​ $97,000 and cash disbursements of​ $108,000. If its beginning cash is​ $5,000 and its desired reserve is​ $2,000, what will be its shortfall in cash for the​ month?</em>

You have to repeat the same procedure for the following months. The ending balance of month 1 becomes the beginning balance of month 2, and so on. For month 2 we can flip the cash receipts and disbursements:

                                                 Month 1       Month 2       Month 3

Beginning cash balance          $5,000        $2,000        $5,000

Cash receipts                          $97,000    $108,000           ....

Cash disbursements           <u>($108,000)</u>    <u>($97,000)</u>

Net balance                            ($6,000)       $13,000

Cash from loan                        <u> $8,000</u>      <u>($8,000)</u>

Ending cash balance               $2,000        $5,000

Depending on the numbers that you have, you should be able to complete the 6 months and then just add the cash from loans.  

5 0
3 years ago
Why are economic systems needed? Respond to the question below with a minimum of 5 sentences.
harina [27]

Answer:

Explanation:Since economic resources are scarce, they must be used efficiently. We want to produce as much goods and services as we can, and in the process, produce the goods and services needed the most.  There are five functions an economic system performs in producing goods and services for consumption.

6 0
3 years ago
Mia has an outside basis of $50,000 in the Brimstone Partnership, including her share of liabilities of $25,000. In a liquidatin
fgiga [73]

Answer:

No gain or loss, Cash basis $10,000, Inventory $15,000

Explanation:

Calculation for Mia’s recognized gain or loss

First step is to calculate for Mia outside adjusted basis

Using this formula

Outside adjusted basis=Outside basis - Liabilities

Let plug in the formula

Outside adjusted basis=$50,000 - $25,000

Outside adjusted basis= $25,000

Second step is to calculate for Mia Gain or loss

Using this formula

Gain/Loss=Outside adjusted basis- Cash received - Inside basis

Let plug in the formula

Gain/Loss =$25,000 -$10,000 -$20,000

Gain/Loss = ($5,000)

Since Mia had ($5,000) this means Mia has no gain or loss

Last step is to calculate for Mia Inventory

Using this formula

Inventory = Cash + Gain/Loss

Let plug in the formula

Inventory =$10,000 + $5,000

Inventory = $15,000

Therefore Mai has NO gain or loss, Cash basis amount of $10,000 and Inventory amount of $15,000

7 0
3 years ago
The Bigbee Bottling Company is contemplating the replacement of one of its bottling machines with a newer and more efficient one
Hatshy [7]

Answer:

The solution is shown in the table of the file attached herewith

Explanation:

Download docx
3 0
3 years ago
About 6 out of 10 people entering a community college need to take a refresher mathematics course. if there are 850 enteringâ st
musickatia [10]

Answer:510 students

Explanation: given that total student is 850

And Of every 10 student 6 will have to sit for a refresher math course

Hence the number that will need a refresher math course will be (850/10)*6= 510

Or better still to better understand this let's use the crossing multiplication method

of 10 student 6must do a refresher math then

Of 850 students x must do a refresher math

Cross multiplying we have

X=(850*6)/10=510 students

5 0
3 years ago
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