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LuckyWell [14K]
2 years ago
13

The comparative balance sheets for 2021 and 2020 are given below for Surmise Company. Net income for 2021 was $88 million.

Business
1 answer:
Alinara [238K]2 years ago
8 0

It can be deduced that the cash flow shows that the net cash provided by operating activities will be $58 million.

<h3>How to compute the statement of cash flow</h3>

<u>Cash flow from operating activities</u>

Net income = $54 million

Add: Depreciation $15 million.

Add: Bad debt = $6 million

Add: Amortization expense = $3

<u>Changes in operating assets and liabilities</u>

Decrease in account receivable = $4 million

Increase in inventory = ($9 million)

Increase in prepaid expense = ($2 million)

Decrease in account payable = ($10 million)

Decrease in accrued liability = ($3 million)

Net cash provided by operating activities = $58 million

In conclusion, the net cash provided by operating activities is $58 million.

Learn more about cash flow on:

brainly.com/question/735261

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Damien Carranza is a nonexempt employee of Verdant Enterprises where he is a salesperson, earning a base annual salary of $31,75
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Answer:

Damien Carranza

Gross pay = $1.494.17

Explanation:

a) Data and Calculations:

Base annual salary = $31,750

Weekly base hours = 40 hours

We assume that there are 52 weeks in a calendar year.

Hourly rate = $31,750/(52 weeks * 40 hours) = $15.26442 per hour

Overtime worked = 4 hours

Overtime rate = 4 * $31,750/2,080 * 1.5 = $91.59

Weekly base pay = 40 * $31,750/2,080 = 610.58

Commission = $26,400 * 3% =                 792.00

Gross pay =                                            $1,494.17

b) Since Damien is a non-exempt employee, he is entitled to earn the federal minimum wage and qualify for overtime pay.  This is calculated as one-and-a-half times his hourly rate, for every hour worked above and beyond the standard 40-hour workweek.  The gross pay is Damien's total earnings throughout the week before deductions for mandated taxes, health insurance, retirement, and Medicare contributions are made.

7 0
3 years ago
Mark the statements that are TRUE.
trasher [3.6K]

Answer:

true statements are

b

c

d

e

5 0
2 years ago
Read 2 more answers
The National Conference of Commissioners on Uniform State Laws (NCCUSL) was formed by the for the purpose of establishing unifor
____ [38]

Answer:

Option C is correct. The American association in 1892 recommended the need to adopt uniform state laws to overcome dozens of issues. It helps businesses to move across state borders easily and key to jobs creations, developing efficiencies by diversified operations across the borders, etc. One of the disadvantage of uniformity of law is that it might not suit some cultures like in India. The cultural differences in India is varying after every 100 km distance. However there were some issues too in USA while adopting Uniformity of laws which was loss of opportunities for some businesses in some states.

4 0
3 years ago
U.S. exports are Group of answer choices A.not included in U.S. GDP because they are consumed B.abroad included in U.S. GDP beca
soldier1979 [14.2K]

Answer:

The answer is B. included in U.S. GDP because they are produced domestically

Explanation:

Exports are included in the gross domestic product as the production is done locally. Apart from exports, imports are included in the GDP as well.

4 0
3 years ago
The management of Ballard MicroBrew is considering the purchase of an automated bottling machine for $120,000. The machine would
almond37 [142]

Answer:

7.5%

Explanation:

Cost savings :

= Equipment cost - New machine cost

= 30,000 - 12,000

= 18,000

Depreciation per year :

= Cost of automated bottling machine ÷ Useful years

= 120,000 ÷ 10

= 12,000

Simple rate of return:

= (Cost savings - Depreciation of new equipment) ÷ (cost - salvage of old)  

= (18,000 - 12,000) ÷ (120,000 - 40,000)

= 6,000 ÷ 80,000

= 0.075

= 7.5%

7 0
2 years ago
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