Answer:
The cash flows from operating activities is $479,400.
Explanation:
Staley Inc.
Statement of Cash Flows (partial)
Cash flows from operating activities:
Adjustments to reconcile net income to net cash flow from operating activities:
Net income $396,200
Add: Depreciation expense 61,250
Loss on disposal of equipment 27,600
Changes in current operating assets and liabilities:
Less: Increase in accounts receivable 9,000
Add: Increase in accounts payable 3,350
Cash flows from operating activities: $479,400
Answer:
c. $2.44.
Explanation:
kindly check attachment for the step by step solution of the given problem.
On October 7, 2019 Centres for Medicare Services (CMS) have to release star ratings.
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Explanation:
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To support consumers, and their families and caretakers compare health homes easier and identify areas where you might like to ask any questions, CMS created a 5 Star rating system.
Medicare applicants have concerns with their health plan and health care systems using 5 star ratings.
The score for health plans is 1 to 5 stars and 5 stars would be the highest.
The Star Rating Program is designed to:
- Increase the quality of care for Healthcare recipients
- Reinforce the protection of beneficiaries
- Easy comparison of health plans by consumers
Answer:
(a) $23,800
(b) $20,400
Explanation:
(a) Donna purchased the stock on December 28, 2018 and sold it on September 10, 2019. This means she held the stock for less than 1 year. Hence, she made a short-term capital gain that is treated as ordinary income property for tax purposes.
As per rules, the tax deduction for ordinary income property is the lesser of the adjusted basis and fair market value, that is, the lesser of $23,800 and $34,000. Therefore, the deduction is $23,800.
(b) Again, we compare the adjusted basis and fair market value. In this case, the fair market value is $20,400 which is less than the adjusted basis of $23,800. Therefore, the deduction is now $20,400 only.
Answer:
Analysis
Date Description Amount Account // Sales // Other
Receivables
9th Promissory Note 3,125 3,125
18th Cash Sale 306 306
27th J.Than Account <u> 1,165 1,165 </u>
Subtotals 4,596 1,165 306 3,125
Explanation:
We are required to record inthe cash receipts journal therefore, only thus transactions which involve the receipts of cash will be jounralize.
We will record the amount to get the total
And then, break it into account receivables, sales and other concepts.