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3 years ago

Fitz Company reports the following information.

Business

1 answer:

Paha777 [63]3 years ago

4 0

Answer and Explanation:

The preparation of the operating activities section is presented below:

Cash flows from operating activities

Net income $374,000

Adjustments made

Add: Depreciation $44,000

add: Amortisation expanses $7,200

Add: Accounts receivable decrease $17,100

Add: Inventory decrease $42,000

Less: Prepaid expense increase -$4,700

Less: Accounts payable decrease -$8,200

Add: Wages payable increases $1,200

Less: Gain on sale of machinery -$6,000

Net cash provided by operating activities $466,600

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Assume there are no investment projects in the economy that yield an expected rate of return of 25 percent or more. but suppose

LenaWriter [7]

Answer: Equilibrium level of aggregate investment for the given rates will be

(a) At 15% - $20 billion;

(b) At 10% - $30 billion;

The idea is to invest up to the point where your expected rate of return is equal to the real interest rate i.

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4 years ago

If the expected sales volume for the current period is 7,500 units, the desired ending inventory is 263 units, and the beginning

pentagon [3]

Answer:

Total production for the current period is expected to be 7420 units.

Explanation:

The current production should be enough to meet the required units needed for the desired ending inventory and the units needed to meet the current sales after adjusting for the opening inventory of units that is available. Thu,s the current production requirement will be,

Production = Closing Inventory + Sales - Opening Inventory

Production = 263 + 7500 - 343

Production = 7420 units

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3 years ago

Which document do property managers and the owners they represent sign to formalize the agency relationship?

Digiron [165]

Property management agreement is the document which is used by the owners and property managers to sign and formalize the agency relationship

An agreement for property management is made between the owner of the property and the manager who is employed to look after it. In addition to costs for upkeep, leasing, and tenant eviction, it is typical for the management to get a percentage (%) of the overall revenue made by the property.

A property owner and the organization or individual engaged to manage the property enter into a property management agreement. This agreement details the duties a management business undertakes on behalf of the owner.Good property management agreements go beyond simply outlining the roles that each party will play. They also include liability insurance.

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2 years ago

1. Meg Ryan, the bookkeeper of Logan Co., was scheduled to leave on a three-week vacation at 5:00 on Friday. She couldn’t get th

morpeh [17]

Answer:

No, She is not right in doing so.

Explanation:

As provided, she tries to close the books by adding all the false amounts which shall alter the balances temporarily and then after returning from vacation she will correct them, but up till vacation the accounts will not represent the true and fair view.

As per US GAAP the books shall represent true and fair view of all the transactions of the company in its accounting records, not only at the year end but even during the year.

Therefore, this will be false and unethical and will be against the compliance of US GAAP if such practice of wrong recording is done.

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3 years ago

Your parents bought their first car for $5,000. the price level in the year your parents bought their car was 50, while the pric

skelet666 [1.2K]

<span>Car when parent bought it= 5000$ level when parent bought it =50 Car when I bought it= x$ level when I bought it =200 x=(5000*200) divided by 50 x=5000*4 =20000 Answer for parents car value today = 20000$</span>

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3 years ago