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Troyanec [42]
2 years ago
6

The only skill required of managerial accountants is that they have a solid knowledge of both financial and managerial accountin

g. Question content area bottom Part 1 True False
Business
1 answer:
slava [35]2 years ago
8 0

Answer:

It's false

Explanation:

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A wire having a mass per unit length of 0.440 g/cm carries a 1.50-A current horizontally to the south. (a) What is the direction
coldgirl [10]

Answer:

B = 0.287  Tesla

According to thumb rule the direction of magnet is to the east.

Explanation:

F = BiL sin∅

note that F = mg

B = magnetic field

i = current

therefore,

mg = BiLsin∅

Make B subject of the formula

B = mg/iLsin∅

m/L = mass per length of the wire and it is given in gram per centimeter . It should be converted to kg per meter.

m/L = 0.440 g/cm

convert to kg/m = 0.440 × 0.001 kg × 100 m = 0.044  kg/m

B = 9.8 × 0.044 / sin 90 × 1.50 × 1

B = 0.4312/ 1.50

B = 0.28746666666

B = 0.287  Tesla

According to thumb rule the direction of magnet is to the east.

4 0
3 years ago
Logan and Johnathan exchange land, and the exchange qualifies as like kind under § 1031. Because Logan's land (adjusted basis of
ZanzabumX [31]

Answer:

a. Logan's recognized gain is $38,600

b. Logan's recognized gain is $23,160

Explanation:

a. If the worth of the land for Jonathan is $183,350, then the gain recognized by Logan would be;

the lower of the realized gain between the amount realized of $231,600 - adjusted basis of $193,000 = $38,600

or the fair market worth of the received boot i.e $48,250.

Therefore, Logan's recognized gain is $38,600

b. Suppose Jonathan's land is worth, $208,440, then we can calculate Logan's recognized gain to be ;

the lower of the realized gain I.e amount realized of $231,600 - adjusted basis $193,00 = $38,600

or the fair market value of the received boot I.e $23,160 .

Therefore, Logan's recognized gain is $23,160

6 0
3 years ago
Suppose your friend earned wages of $93,260, received $1340 in interest from a savings account, and contributed $6300 to a tax-
Kruka [31]

Answer:

Gross Income:

= Earned wages + Interest from savings + Interest on home mortgage

= 93,260 + 1,340 + 4,500

= $99,100

Adjusted gross income:

= Gross income - Tax deferred plan  - State taxes

= 99,100 - 6,300 - 1,359

= $91,441

Taxable income

= Adjusted gross income - Personal exemption - Standard deduction - Charity contribution

= 91,441 - 3,500 - 7,800 - 2,500

= $77,641

5 0
3 years ago
Ritchie orders 1000 widgets from Cunningham Widget Co. The widgets are stored in Al's Warehouse. Under the contract, CWC is requ
Aleks [24]

Answer:

when CWC gives Richie a warehouse receipt for the widgets

Explanation:

3 0
3 years ago
Presented below is selected financial information for Cullumber Company for December 31, 2022. Inventory $ 25,000 Cash paid to p
Vitek1552 [10]

Answer:

Explanation:

Basically there are three types of activities:

1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.

2. Investing activities: It records those activities which include purchase and sale of the fixed assets

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.  

According to these above explanations

(A) Operating activities: Cash paid to suppliers 103,600 and Cash received from customers 132,100

(B) Investing activities:  Cash paid to purchase equipment $ 11,000

(C) Financing activities: Cash dividends paid 6,100, and Cash received from issuing common stock

Now the preparation of the cash flow statement is shown below:

Cash flow from operating activities:

Cash received from customers                            $132,100

Less: cash paid to suppliers                                -$103,600

Net cash flow from operating activities (A)            $28,500

Cash flow from investing activities:

Cash paid to purchase equipment                       -$ 11,000

Net cash flow from investing activities (B)             -$11,000

Cash flow from financing activities:

Cash received from issuing common stock           $21,400

Less: Cash dividends paid                                     -$6,100

Net cash flow from financing activities (C)         $15,300

Net cash increase (A+B+C)                                   $32,800

Add: Beginning cash balance                              $7,500

Ending cash balance                                            $40,300

5 0
3 years ago
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