Answer:
Sales Revenue 212,000
Variable Cost (63,000)
Rent Expense (43,000)
Depreciation Expense (23,000)
Income before taxes 83,000
Income tax expense <u> (16,600) </u>
Net Income 84,800
Cash from operating activities 107,800
tax-shield from depreciation 4,600
Explanation:
Cash flow from operations (indirect method)
net income 84,800 + depreciation expense = 107,800
The depreciation provides a tax shield as they are an accounting concept. The depreciation expense did not involve the outflow of cash but, it is a taxable deduction therefore generates a tax-shield.
23,000 x 20% = 4,600
To quickly move from one page to another in a publication, you can use the page down key on your keyboard.
The page down key on the keyboard will allow you to go immediately down to the next page of the document. Another option that would also allow you to do this is by using the arrow icon at the top of the screen that points to the right. If available, this will also take you to the next page.
Answer:
$45,000
Explanation:
LCM (lower of cost or market) is an inventory valuation method that uses the lower figure between the cost of purchase of an inventory, and the price at which it can be currently replaced in the market, as the carrying amount of the inventory.
Accordingly, using LCM, the value of Daily Grind's inventory
= lower value of (inventory of coffee makers without timer) + (inventory of coffee makers with timer)
= 10,000 + 35,000
= $45,000
Answer:
81.21.
Explanation:
all you would need to do is add up all the values then subtract 2000.
please rate and mark as brainlest.
