Economic systems differ according to which two main characteristics?

Cheyenne Corp. reported net income of $196,100 for 2022. Cheyenne also reported depreciation expense of $47,400 and a loss of $5

denpristay [2]

Solution:

Particulars Amount

Net Operating Income $ 196,100

Adjustments to reconcile the net to :

Net Cash provided by the operating activities.

Add the depreciation expenses $ 47,400

Add loss on disposal of plant assets $ 5,600

Add increase in the accounts receivable $ 10,900

Add increase in Accounts payable $ 12,900

Add increases in prepaid expenses $ 3,200

$ 80,000

Cash balance at the end $ 276,100

4 0

3 years ago

Dali Company has 15,000 shares of stock authorized on January 1. Dali issues 4,500 shares to the stockholders during the year an

olga2289 [7]

Answer:

3,000

Explanation:

Data provided in the question:

Number of shares authorized = 15,000

Number if shares issued = 4,500

Number of shares repurchased = 1,500

Now,

Total shares outstanding = Shares issued - Shares repurchased

or

Total shares outstanding = 4500 - 1,500

or

Total shares outstanding = 3,000

Hence,

3,000 shares are outstanding at December 31

4 0

3 years ago

Holding everything else constant, a decrease in the price of bicycles will result in a. a decrease in the quantity of bicycles d

vladimir2022 [97]

Answer:

d. an increase in the quantity of bicycles demanded.

Explanation:

For this question, the law of demand applies.

According to the law of demand, when the price of the good increases the quantity demanded of that good would be decreased keeping other things constant and when the price of the good decreases the quantity demanded of that good would be increased keeping other things constant.

It reflects the inverse relationship between the price and the quantity demanded of the good.

4 0

3 years ago

Three aspects in the cover page of a business plan

BARSIC [14]

Answer:

Explanation:

Your business plan cover page should include:

Your company logo.

Document title and business name.

Business address and contact information.

Business plan completion date.

Confidentiality statement.

6 0

3 years ago

Use the following data to determine the total amount of working capital from the Banner Auto Supplies Balance Sheet for December

Komok [63]

Answer:

b. 240,000

Explanation:

Calculation to determine the total amount of working capital

First step is to calculate the Current assets

Using this formula

Current assets = Cash + Accounts receivable + Inventory + Prepaid insurance

Let plug in the formula

Current assets= $70,000 + 100,000 + 140,000 + 80,000

Current assets= $390000

Second step is to calculate the Current liabilities using this formula

Current liabilities = Accounts payable + Salaries and wages payable

Let plug in the formula

Current liabilities= $130,000 + 20,000

Current liabilities= $75,000

Now let calculate the working capital using this formula

Working capital = Current assets - Current liabilities

Let plug in the formula

Working capital = $390,000 - 150,000

Working capital = $240,000

Therefore the Working capital is $240,000

4 0

3 years ago