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irina1246 [14]
2 years ago
10

the starting point for preparing the operating activities section using the indirect method is ______.

Business
1 answer:
insens350 [35]2 years ago
3 0

Organizations often have different operations. The starting point for preparing the operating activities section using the indirect method is Net income.

  • Net income is simply known to be the gross profit and removing  all other expenses, costs and any other income and revenue sources that are not included in gross income.

A lot of other costs is often removed from gross to make it be at net income. They  include interest on debt, taxes, and operating expenses or overhead costs.

Learn more from

brainly.com/question/19850768

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PB8.
Maurinko [17]

Answer:

Products         Selling price   Unit variable cost

                                $                       $

Junior                     50                      15

Adult                       75                      25

Expert                     <u>110 </u>                   <u> 60</u>

Total                      <u> 235 </u>                  <u> 100</u>

The sales price per composite unit = $235

The contribution margin per composite unit

= Composite selling price - Composite unit variable cost  

= $235 - $100

= $135

Break-even point in units

= <u>Fixed cost</u>

  Contribution per unit

= <u>$114,750</u>

  $135

= 850 units

Break-even point in dollars

= Break-even point in units x Composite selling price

= 850 units x $235

= $199,750

                     Income Statement    

                                                               $

Total contribution ($135 x 850 units)   114,750

Less: Fixed cost                                     <u>114,750</u>

Net profit                                                   <u> 0</u>

                                                                                                                                                                             

Explanation:

Sales price per composite unit is the aggregate of all the selling prices.

Contribution margin per composite unit equals composite selling price minus composite unit variable cost.

Break-even point in units is fixed cost divided per composite contribution margin per unit.

Break-even point in dollars equal break-even point in units multiplied by selling price.

Income statement is prepared by deducting the total fixed cost from the total contribution.

4 0
3 years ago
Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither
sertanlavr [38]

Answer: Statement 1 ( Laptop) = Producer surplus

              Statement 2 ( watch ) = Neither

              Statement 3 ( jersey sweater) = Consumer surplus

Explanation:

Hi, Consumer surplus happens when the price that consumers pay for a product or service is less than the price they're willing to pay.

  • <em>Even though I was willing to pay up to $46 for a jersey sweater, I bought a jersey sweater for only $39.  </em>Consumer surplus

Producer surplus<em>  </em> is measured as the difference between what producers are willing and able to supply a good for and the price they actually receive

  • <em> I sold a used laptop for $149, even though I was willing to go as low as $140 .</em>Producer surplus
  • <em>I sold a watch for $59 on eBay last week. This week, someone offered me $145 for it.  </em>neither

Feel free to ask for more if needed or if you did not understand something.

5 0
3 years ago
List two types of cash flows an investor can expect to receive from an investment in stock. Explain the volatility of each of th
nlexa [21]
Transactions must be segregated into the three types of activities presented on the statement of cash flows: operating, investing, and financing.
5 0
2 years ago
Read 2 more answers
The audience's perception of a speaker's competence, trustworthiness, and dynamism is termed A) credibility. B) charisma. C) cha
MAXImum [283]

Answer:

A) credibility

Explanation:

Credibility can be defined as the quality of being trusted and believed in.

The audience have been able to perceive the competence, trustworthiness and the dynamism of the speaker, and these are the criteria to judge credibility.

4 0
3 years ago
On January 1, 2016, Miller Corporation had retained earnings of $8,000,000. During 2016, Miller reported net income of $1,500,00
Papessa [141]

Answer:

Miller's retained earnings on December 31, 2016 is $9,000,000.

Explanation:

Miller's retained earnings on 31 December 2016 = retained earnings on January 1, 2016 + net income - declared dividends

= $8,000,000 + $1,500,000 - $500,000

= $ 9,000,000

Therefore, Miller's retained earnings on December 31, 2016 is $9,000,000.

4 0
2 years ago
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