Answer:
Insider trader
Explanation:
All of them, Dhani, Fay, Geoff and Hu, can be considered insider traders since they used private information (not disclosed to public investors) about the company's plans to earn money.
The Securities Exchange Act of 1934 Section 10(b) was enacted in order to prosecute this type of actions.
Answer:
$265,000
Explanation:
The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.
The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.
The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.
An increase in assets other than cash is an outflow while an increase in liabilities is an inflow. Depreciation and other non-cash expenses deducted in the income statements are added back while the non-cash income such gain on asset are deducted from net income.
Net cash provided by operating activities for the year
= $242,000 - $32,000 - $10,000 + $65,000
= $265,000
Answer:
a. Variable costing income from operations <u>is greater than </u>absorption costing income from operations.
b. $870,000
Explanation:
a. Under Variable costing, only the variable manufacturing costs are apportioned to the units produced.
Cost under Variable costing are;
= 114 * 14,500
= $1,653,000
Under Absorption Costing, both fixed and variable costs are apportioned to the units produced.
Cost therefore is;
= (114 + 60) * 14,500
= $2,523,000
Variable costing income from operations is greater than absorption costing income from operations because Absorption costs yields more cost.
b.= Absorption cost - Variable cost
= 2,523,000 - 1,653,000
= $870,000
<em>Variable costing income from operation will be $870,000 higher than Absorption costing income from operations.</em>
Answer: Option (B)
Explanation:
From the given case/scenario we can state that the Love Bandit Bear is an example of product item. Product item is referred to as or known as the specific version or type of a product or commodity that are designated in order to have a distinct offering among the organization's commodity or products.