Answer and Explanation:
The preparation of the operating activities section is presented below:
Cash flows from operating activities
Net income $374,000
Adjustments made
Add: Depreciation $44,000
add: Amortisation expanses $7,200
Add: Accounts receivable decrease $17,100
Add: Inventory decrease $42,000
Less: Prepaid expense increase -$4,700
Less: Accounts payable decrease -$8,200
Add: Wages payable increases $1,200
Less: Gain on sale of machinery -$6,000
Net cash provided by operating activities $466,600
The answer is moral holiday. Taking a moral holiday means temporarily
loosening up and taking it easy, not
carrying the heaviness of the world on your shoulders, not being despairingly
depressed by depressing realities. In other words, there are specified times
when people are allowed to break norms. The best example is during Mardi gras.
Well 12 x 18 equals 216,000 i did this on paper too
Answer:
A, B, C
Explanation:
Plant assets should be recorded at cost, including all normal and reasonable expenditures necessary to get the asset in place and ready for its intended use. This would include Taxes, Insurance in transit and Shipping charges.
Answer:
It is more profitable to continue processing.
Explanation:
Giving the following information:
Ahngram Corp. has 1,000 cartons of oranges that cost $44 per carton in direct costs and $25.00 per carton in indirect costs and sold for $64 per carton. The oranges can be processed further into orange juice at an additional cost of $21.00 and sold for $114.
First, we need to calculate the income before processing and then the income after processing:
Before processing:
Income= 1,000*(64 - 44 - 25)= -$5,000
After processing:
Income= 1,000*(114 - 69 - 21)= $24,000
It is more profitable to continue processing.
