Answer:
As a result of this sale, the firm's net cash flow will increase by more than $32,900. The right option is 1.
Explanation:
According to the given we have the following:
asset cost= $72,800
current book value=$42,760
sale=$32,900
Therefore, loss=current book value-sale
loss=$42,760-$32,900
loss=$9,860
tax saving on loss=$9,860*21%=$2,070.60
Therefore, net cash flow=$32,900+$2,070.60
net cash flow=$34,970.60
As a result of this sale, the firm's net cash flow will increase by more than $32,900
Answer:
see below
Explanation:
Liabilities are recorded on the left-hand side of the balance sheet. They are classified as current and long term liabilities. Current liabilities are due within one year, and long term liabilities are payable in future financial periods
Liabilities
Current liabilities
Accounts payable
Short term loans <u>$31.4</u>
Total current liabilities $31.4
Long liabilities
Long term debts <u>$9.2</u>
Total long liabilities $9.2
Total liabilities $40.6
Answer:
Slot one is C, Creativity, it's the only one that would really fit into the slot with making sense. Slot two is also C, Recoursefulness.
Explanation:
Creativity only makes sense since work ethic doesn't fit and her answering the question and creating something doesn't prove listening skills. Kevin does use behavorial skills but if you try repeating the sentence back to yourself and put Behavorial Skills in the blank, it doesn't flow like it's supposed to. When you go back to option B and C it's pretty obvious the only answer that would make sense is Recoursefullness, it also proves it in the text; "when he figures out a way to use the materials he has in the office to create the application."
Answer:
Using the indirect method, an increase in accrued wages is not an adjustment to net income.
Explanation:
An increase in accounts receivable are subtracted from net income.
A decrease in a prepaid expense are added to net income.
A loss on equipment sold are added to net income.
An increase in accrued wages not consider. (Increase in the wages payable balance are added to net income)
An increase in plant, property and equipment.are subtracted from net income.