Answer:
Explanation:
The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:
Cash flow from Operating activities - Indirect method
Net income $78,000
Adjustment made:
Add : Depreciation expense $33,000
Add: Decrease in accounts receivable $10,000
Add: Decrease in inventory $13,000
Add: Increase in accounts payable $7,000
Less: Decrease in salaries payable -$4,000
Add: Increase in income tax payable $8,000
Less: Increase in prepaid rent -$3,000
Total of Adjustments $64,000
Net Cash flow from Operating activities $142,000
Answer:
Option (C) is correct.
Explanation:
Variable costs = $28
Allocated fixed costs = $17
Selling price = $84
Due to acceptance of M offer, S would be got excess contribution margin per unit. Because acceptance selling price ($34) is greater than the variable cost per unit ($28).
We don't have any information about the fixed cost due to acceptance. Therefore, we assumed that fixed cost is not increased.
Increased contribution margin per unit:
= Selling price - Variable cost
= $34 - $28
= $6
For 3,000 units, Increased contribution margin = 3,000 × $6
= $18,000
Therefore, net income is increased by $18,000 when the offer is accepted.
Answer:
The options are:
A $34,850.
B $163,350.
C $128,500.
D $188,200.
$ 163,350.00,option B is correct
Explanation:
At the beginning of the current year ,the stockholders equity is the difference between total assets of $877,000 and total liabilities of $748,500 i.e $128,500
.
However,the increase or decrease to stockholders' equity in the current year is the difference between increase in total assets of $59,700 and the the increase in liabilities of $24,850 i.e $ 34,850.00
Hence stockholders' equity=the initial stockholders' equity+increase=$128,500+$ 34,850=$ 163,350.00
the agent earned his commission.
When a seller of real estate hires a broker to find a buyer, the broker is usually considered to have earned his commission when he or she finds a “ready, willing, and able” buyer.
<h3>What is the difference between Commission and commission earned?</h3>
The court ruled that a commission is "due" if it has been earned, and an employee has done all services necessary to earn a commission when they are all rendered.
<h3>When is a broker’s commission due when selling a house?</h3>
The law acknowledges that in some circumstances, the broker has earned and is entitled to its compensation regardless of the completion of the transaction, despite the seller's perception that a commission should never be owed until a deal really closes.
<h3>Is an employee's compensation due or earned?</h3>
By taking such a step, the employer may be able to argue that McCabe is different in light of the facts and that the remuneration in question is neither "due" nor "earned" unless the employee works through the payment date.
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