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3 years ago

The income statement of Pharoah Company is shown below.

Business

1 answer:

Alexus [3.1K]3 years ago

8 0

Answer and Explanation:

The preparation of the operating activities section of the statement of cash flows for the year ended December 31, 2020 is presented below;

Cash flow from operating activities

Net income $1,580,000

Add: depreciation expense $58,970

Add: decrease in account receivable $313,770

Less: Increase in prepaid expense -$167,640

Less: Decrease in account payable -$279,000

Less: decrease in accrued expense payable -$124,020

Add: Decrease in inventory $380,000 ($1,880,000 - $1,500,000)

Cash flow provided by operating activities $1,762,080

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How much tax is taken out of a mcdonalds paycheck?

Vadim26 [7]

Well depends on how much you make but when determining what you make multiply It by.8 so like 7.5x.8=5.80

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3 years ago

Read 2 more answers

A delivery company is considering adding another vehicle to its delivery fleet; each vehicle is rented for $100 per day. Assume

Alinara [238K]

Answer:

Marginal Revenue Product=150

Marginal Resource Cost= 100

Explanation:

Marginal revenue product (MRP) is the change in total revenue that results from a unit change of some type of variable input.

Marginal Revenue Product= Revenue Change

/Additional Input

Marginal resource cost (MRC) is the change in total cost that results from a unit change of some type of variable input.

Marginal Resource Cost= Cost Change

/Additional Input

In this situation we must calculate the change of revenues (MRP) and cost (MRC) when we add a new vehicle.

We are increasing our delivery fleet in 1 unit

First calculate the change in total revenue

Total revenue= 1,500 packages * $0.10 in revenue=150

Marginal Revenue Product=$150/1=150

The Cost change is $100,

so Marginal Resource Cost= $100/1=100

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3 years ago

Nobel laureate Paul Samuelson said that comparative advantage is one of the few ideas in economics that is both "true and not ob

sineoko [7]

Answer:

Explanation:

Absolute advantage refers to the ability to produce the same good or service using fewer inputs than another producer.

Comparative Advantage refers to the ability to produce a good or service at a lower opportunity cost than another producer.

For A.

Mitchell has the absolute advantage in soup.

Kana has the absolute advantage in cleaning.

Mitchell has the comparative advantage in soup.

Kana has the comparative advantage in cleaning.

For B.

Sienna has the absolute advantage in cookies.

Sienna has the absolute advantage in drywall.

Sienna has the comparative advantage in cookies.

Ethan has the comparative advantage in drywall.

For C.

Kara has the absolute advantage in sculptures.

Sara has the absolute advantage in ads.

Kara has the Comparative advantage in sculptures.

Sara has the comparative advantage in ads.

For D.

Data has the absolute advantage in poems.

Data has the Absolute advantage in physics.

Riker Comparative advantage in poems.

Data Comparative advantage in physics.

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3 years ago

The unit of product is the cost object when the plantwide overhead rate method is used.

Marina CMI [18]

The plantwide overhead rate method means using overhead rate to allocate costs to products and includes indirect costs (overhead cost) to cost allocation base (single plantwide overhead rate) to cost objects (products 1-3).
The statement that the unit of product is the cost object when the plantwide overhead rate method is used is true.

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3 years ago

Sales for BMW models are often highest in the last model year. By adding versions like a convertible model or features such as a

dimaraw [331]

Answer:

The correct option is (d)

Explanation:

Products have a cycle starting from introduction, growth, maturity and decline. This is called product life cycle. Considerable investment is required at introduction stage. Once the product is profitable, it enters growth stage and at maturity, it is at the most profitable stage. A product reaches decline stage as competitors step in and better products are made available in the market.

By adding features to its models, BMW is trying to lengthen its product life cycle so as to avoid the product's entry to decline stage soon.

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3 years ago