Answer:
$268,500
Explanation:
When you use the indirect method to calculate net cash flows, you start with net income and then adjust it by:
- adding the amount by which accounts receivable decreased = ($17,000 - $10,500) = $6,500
- deducting the amount by which accounts payable increases = ($21,000 - $29,000) = -$8,000
net cash flow from operating activities = $270,000 + $6,500 - $8,000 = $268,500
Answer: Appropriate expense account are debited
Explanation:
Here is the complete question:
When reimbursing the petty cash fund:
a. Cash is debited.
b. Petty Cash is credited.
c. Petty Cash is debited.
d. Appropriate expense accounts are debited.
e. No expenses are recorded
Petty cash funds are simply the little funds that is used by an organization or company to settle its minor expenses. Examples include expenses on postage stamp or snacks during meetings.
It should be noted that when reimbursing the petty cash fund, the appropriate expense account has to be debited.
Answer: $3,866,182.89
Explanation:
The winnings in 45 years are the future value of the $80,000 that you just won based on the return rate of 9%.
Future Value = Present Value ( 1 + return) ^ number of years
= 80,000 ( 1 + 0.09) ⁴⁵
= $3,866,182.89
Lottery winnings will be worth $3,866,182.89 when you retire.
Answer:
While total utility measures the aggregate satisfaction an individual receives from the consumption of a specific quantity of a good or service, marginal utility is the satisfaction an individual receives from consuming one additional unit of a good or service.
