a company reports net income of $51,000. included in that number is depreciation expense of $8,000 and a loss on the sale of land of $4,600. a comparison of this year's and last year's balance sheets reveals a decrease in accounts receivable of $21,000, a decrease in inventory of $13,000, and an increase in accounts payable of $41,000. required: prepare the operating activities section of the statement of cash flows using the indirect method. (list cash outflows and any decrease in cash as negative amounts.)

Answers

Answer 1

The operating activities section of the statement of cash flows using the indirect method would show a net cash provided by operating activities of $[tex]47,400[/tex].

Operating Activities Section of the Statement of Cash Flows:

Net Income: $[tex]51,000[/tex]

Add:

Depreciation Expense: $[tex]8,000[/tex]

Loss on Sale of Land: $[tex]4,600[/tex]

Adjustments for changes in working capital:

Decrease in Accounts Receivable: $[tex]21,000[/tex] (add back as it represents cash inflow)

Decrease in Inventory: $[tex]13,000[/tex] (add back as it represents cash inflow)

Increase in Accounts Payable: $[tex]41,000[/tex](subtract as it represents cash outflow)

Net cash provided by operating activities:

= Net Income + Depreciation Expense + Loss on Sale of Land + Decrease in Accounts Receivable + Decrease in Inventory - Increase in Accounts Payable

= $[tex]51,000 + $8,000 + (-$4,600) + $21,000 + $13,000 - $41,000[/tex]

To learn more about Operating Activities, visit here

https://brainly.com/question/28479430

#SPJ4


Related Questions

regarding the satyam, peregrine, simplified employment services and stephan winkler situations, it is accurate to say:

Answers

Regarding the Satyam, Peregrine, Simplified Employment Services, and Stephan Winkler situations, it is accurate to say that they are all cases of corporate fraud or financial scandals. In each of these cases, the companies or individuals involved engaged in unethical practices that resulted in financial losses for investors or customers.

The Satyam scandal involved falsifying financial statements, while the Peregrine scandal involved overstating revenue. The Simplified Employment Services case involved misrepresenting the company's financial situation to investors, and the Stephan Winkler situation involved embezzlement of company funds. These cases highlight the importance of transparency and accountability in corporate practices and the need for stronger regulations and oversight to prevent similar incidents in the future. It is essential for companies to maintain ethical standards to protect the interests of their stakeholders, including shareholders, customers, and employees.
In the cases of Satyam, Peregrine, Simplified Employment Services, and Stephan Winkler, it is accurate to say that these situations involve instances of corporate fraud and unethical business practices.

Satyam, an Indian IT services company, faced a massive accounting scandal in 2009, where its founder falsified accounts and inflated revenues, ultimately misleading investors and stakeholders. Peregrine, an American software company, experienced a similar situation in 2002, when its CEO and CFO were involved in accounting fraud, leading to a financial collapse.

Simplified Employment Services, a UK-based payroll company, was involved in tax evasion schemes that took advantage of contractors and workers. The company withheld taxes from employee paychecks but failed to submit the payments to the government, resulting in financial and legal issues for the individuals involved.

Stephan Winkler, a German art dealer, was convicted of fraud for selling counterfeit art and misrepresenting the origins of the pieces, defrauding customers of millions of dollars.

In conclusion, these situations serve as cautionary tales for businesses and individuals alike, emphasizing the importance of ethical practices, transparent accounting, and strong corporate governance to maintain trust and integrity in the marketplace.

To know more about Peregrine visit:

https://brainly.com/question/31956962

#SPJ11

You are a small investor with a couple thousand dollars to invest. You are willing to pay experts to pick stocks for you. Which type of investment are you making?Select an answer:an investment in a hedge fundan investment in an equity fundan investment in an index fundan investment in a managed fund

Answers

As a small investor with a couple thousand dollars to invest, you are making an investment in a managed fund. Option 4 is Correct.

Managed funds are pools of capital that are managed by professional investment managers who make investment decisions on behalf of the fund's investors. These funds can invest in a variety of assets, such as stocks, bonds, and real estate, and they can be open to both accredited and non-accredited investors.

Managed funds offer a number of benefits for small investors, including professional management, diversification, and access to a wide range of investment opportunities. Because the fund is managed by professionals, investors can trust that their money is being invested in a way that is designed to maximize returns while minimizing risk. Option 4 is Correct.

Learn more about investor visit: brainly.com/question/30130634

#SPJ4

Correct Question:

You are a small investor with a couple thousand dollars to invest. You are willing to pay experts to pick stocks for you. Which type of investment are you making?

Select an answer:

1. an investment in a hedge fund

2. an investment in an equity fund

3. an investment in an index fund

4. an investment in a managed fund.

Which of the following scenarios would justify a firm using an organizational structure that supports centralized decision making?
a. Success requires creativity and innovation.
b. It is in a rapidly changing industry.
c. It has many unrelated businesses.
d. It competes on costs and economies of scale.
e. It sells differentiated items to unique market segments.

Answers

The scenario that would justify a firm using an organizational structure that supports centralized decision making is: Option d. It competes on costs and economies of scale.

In this scenario, a firm that competes on costs and economies of scale may benefit from using a centralized decision-making structure. This is because a centralized decision-making structure allows the firm to make decisions quickly and efficiently, which can be critical in a highly competitive industry where costs and economies of scale are key factors for success.

Here Option a, success requires creativity and innovation, does not necessarily justify a centralized decision-making structure. While creativity and innovation can be important for success, they can also be facilitated by a decentralized decision-making structure that allows for diverse perspectives and ideas.

Learn more about organizational visit: brainly.com/question/15307140

#SPJ4

Efficiency of a production process is the ratio of the actual output of a process to some standard.True/False

Answers

The statement is True. The efficiency of a production process is calculated by dividing the actual output of a process by a predetermined standard output.

What does this aid in?

This helps to measure how well the process is performing and identify areas where improvements can be made. The standard output is typically based on the best achievable performance for a particular process, and is used as a benchmark for comparison.

By regularly monitoring the efficiency of a production process, businesses can identify any inefficiencies or bottlenecks and take corrective action to improve overall productivity. This can help to reduce costs, improve quality, and increase customer satisfaction.

Overall, measuring efficiency is an important tool for businesses to optimize their operations and stay competitive in today's fast-paced marketplace.

Hence, its true.

To know more on production visit:

https://brainly.com/question/31641414

#SPJ11

what is the debit/credit entry when a buyer assumes a loan from the seller?

Answers

When a buyer assumes a loan from a seller, the accounting entry for this transaction involves both debit and credit entries.

The buyer will debit the loan payable account and credit the cash or accounts payable account to reflect the payment made to the seller. The seller, on the other hand, will debit the cash account and credit the loan receivable account to show the repayment of the loan. The buyer's debit entry reflects the increase in liabilities due to the assumption of the loan, while the credit entry indicates a reduction in cash or an increase in accounts payable. Meanwhile, the seller's debit entry shows the increase in cash received from the loan repayment, while the credit entry reflects the decrease in the loan receivable account. Overall, assuming a loan from a seller affects the balance sheet of both the buyer and seller.

To learn more about transactions, visit:

https://brainly.com/question/28305478

#SPJ11

Which is a macroenvironmental factor included in the cdstep acronym?

Answers

The macroenvironmental factor included in the CDSTEP acronym is "C" which stands for Cultural and Social factors.

The CDSTEP acronym is a framework used in marketing and strategic analysis to identify and analyze the external factors that can impact an organization's business environment. Each letter in the acronym represents a different macroenvironmental factor:

C: Cultural and Social factors refer to the cultural norms, values, beliefs, and social trends that influence consumer behavior and preferences. This factor includes aspects such as demographics, consumer attitudes, lifestyle choices, social norms, and cultural influences that can shape market demand and affect the organization's marketing strategies.

D: Demographic factors involve the characteristics of a population, such as age, gender, income level, education, family size, and ethnicity. Demographics can influence consumer preferences, buying power, and market segmentation strategies.

S: Socioeconomic factors refer to the economic conditions and trends that impact the market, including factors such as income distribution, employment rates, inflation, economic growth, and consumer confidence. These factors can influence consumer spending patterns, purchasing power, and the overall demand for goods and services.

T: Technological factors encompass the technological advancements and innovations that impact industries and markets. This factor includes factors such as the pace of technological change, research and development, automation, digitalization, and the adoption of new technologies, which can create opportunities or disrupt existing business models.

E: Environmental factors involve the ecological and environmental considerations that influence organizations. This includes factors such as climate change, sustainability, environmental regulations, and consumer awareness of environmental issues. Organizations need to consider these factors to develop environmentally responsible practices and respond to consumer demands for eco-friendly products and services.

P: Political and Legal factors encompass the political and legal environment in which an organization operates. This includes government regulations, policies, political stability, trade agreements, taxation, and legal frameworks that can impact business operations, market entry, and industry regulations.

By analyzing these macroenvironmental factors through the CDSTEP framework, organizations can gain insights into the external forces that can influence their business strategies, market positioning, and decision-making processes.

for more such questions on macroenvironmental

https://brainly.com/question/31176274

#SPJ11

High-cost, low-volume items often require careful inspection since we make them so infrequently. true/false

Answers

Answer:

True. High-cost, low-volume items are usually produced in smaller quantities, which means that the manufacturer may have less experience producing them, or may not have produced them in some time. This can result in a need for careful inspection to ensure that the item meets quality standards and is free from defects. Additionally, the cost of producing these items may be high, making it even more important to ensure that they are produced correctly the first time.

Explanation:

It is True. :) hope you have a great day

The system of taxicab medallions in New York City is an example of a:
a. price floor.
b. price ceiling.
c. nonbinding price ceiling.
d. quantity control.

Answers

The system of taxicab medallions in New York City is an example of a quantity control. The correct answer is d. quantity control.

The system of taxicab medallions in New York City limits the number of taxicabs that can operate in the city. A fixed number of medallions, which serve as permits for operating a taxicab, are issued by the city. This creates a restriction on the quantity of taxicabs in the market.

By controlling the quantity of taxicabs through the issuance of medallions, the city aims to regulate the supply of taxicabs and maintain a balance between supply and demand. The limited number of medallions creates scarcity, which can have several effects such as increased competition among drivers, potential higher fares, and increased value of the medallions themselves.

Learn more about market here:

https://brainly.com/question/27847462

#SPJ11

the u.s. banking system is considered to be a dual system because it was established before the civil war requiring separate regulatory bodies for the north and south it is regulated by both state and federal governments . banks offer both checking and savings accounts it actually includes both banks and thrift institutions .

Answers

The U.S. banking system is considered a dual system due to its establishment before the Civil War, which led to separate regulatory bodies for the North and South. It is regulated by both state and federal governments and encompasses banks and thrift institutions, offering checking and savings accounts.

The U.S. banking system is referred to as a dual system because it originated before the Civil War when the United States was divided into the North and South. This division resulted in the establishment of separate regulatory bodies for banking in each region. Even after the war, the dual system persisted, with both state and federal governments playing regulatory roles. State-chartered banks are supervised by state banking departments, while federally chartered banks are regulated by federal agencies such as the Office of the Comptroller of the Currency (OCC). This dual regulatory framework ensures compliance with both state and federal laws.

Moreover, the U.S. banking system encompasses not only traditional banks but also thrift institutions. Thrift institutions, including savings and loan associations (S&Ls) and credit unions, offer similar services as banks, such as checking and savings accounts. These institutions provide additional options for consumers to manage their finances and access financial services. The inclusion of thrift institutions in the U.S. banking system adds to its dual nature, with a diverse range of institutions and services available to individuals and businesses across the country.

Learn more about The U.S. banking system here:

https://brainly.com/question/3067398

#SPJ11

 The common stock of NCP paid ​$1.41 in dividends last year. Dividends are expected to grow at an annual rate of 5.40 percent for an indefinite number of years.

a.  If your required rate of return is 8.30 percent​, what is the value of the stock for​ you? (Round to the nearest cent.)

b.  Should you make the​ investment?

Answers

A. the value of the stock for you is approximately $48.62. and B. It's important to compare the calculated value with the market price to make an informed investment decision.

a. To calculate the value of the stock for you, we can use the dividend discount model (DDM). The formula for the DDM is:
Value of Stock = Dividend / (Required Rate of Return - Dividend Growth Rate)
Given:
Dividend = $1.41
Dividend Growth Rate = 5.40% or 0.054
Required Rate of Return = 8.30% or 0.083
Plugging in the values into the formula:
Value of Stock = $1.41 / (0.083 - 0.054)
Calculating:
Value of Stock ≈ $1.41 / 0.029 ≈ $48.62
Therefore, the value of the stock for you is approximately $48.62.

b. Whether or not you should make the investment depends on the current market price of the stock. If the current market price is lower than $48.62, it may be considered undervalued and could be a good investment opportunity. However, if the market price is higher than $48.62, it may be considered overvalued and not a favorable investment. It's important to compare the calculated value with the market price to make an informed investment decision.

To learn more about stock
https://brainly.com/question/26128641
#SPJ11

Answer the question on the basis of the given supply and demand data for wheat: Refer to the data. If the price in this market was $4: A. farmers would not be able to sell all their wheat. B. buyers would want to purchase more wheat than is currently being supplied. C. the market would clear; quantity demanded would equal quantity supplied. D. there would be a shortage of wheat.

Answers

Answer: D. There would be a shortage of wheat.

Based on the given supply and demand data for wheat, we can determine the market outcome at a price of $4. In the table, at a price of $4, the quantity supplied is 180 bushels, while the quantity demanded is 120 bushels. Since the quantity demanded is less than the quantity supplied at this price, there is an excess supply or surplus in the market.

This situation indicates that farmers would have more wheat available for sale than buyers are willing to purchase. In other words, there would be a surplus of wheat. Therefore, option D, which states that there would be a shortage of wheat, is incorrect. Instead, option A is the correct answer because farmers would not be able to sell all their wheat at a price of $4 due to the excess supply in the market.

To learn more about market click here

brainly.com/question/15483550

#SPJ11

Reb buys fishing lures and steaks.If his budget does not change and the price of a fishing lure decreases,the maximum number of fishing lures he can purchase ________ and the maximum number of steaks he can purchase ________.
A) increases; increases
B) increases; decreases
C) increases; does not change
D) decreases; increases
E) does not change; does not change

Answers

The answers is A) increases; increases. If the price of fishing lures decreases, Reb can purchase more lures within his budget, increasing the maximum number of fishing lures he can buy. Since his budget remains the same, there is no direct impact on the maximum number of steaks he can purchase, so it can also increase, decrease, or remain the same.

If the price of fishing lures decreases, Reb can stretch his budget further and afford to buy more fishing lures within the same budget. This means that the maximum number of fishing lures he can purchase increases.

Since the budget for steaks remains the same, the decrease in the price of fishing lures does not directly affect the maximum number of steaks he can purchase. However, since the cost of fishing lures has decreased, Reb can allocate a larger portion of his budget to buying steaks. This increased allocation may allow him to buy more steaks compared to before, depending on the specific prices of lures and steaks.

So, while the maximum number of fishing lures increases due to the decrease in price, the maximum number of steaks can also increase, decrease, or remain the same, depending on the price of steaks and Reb's preferences. However, it is likely that he can purchase more steaks given the increased budget allocation resulting from the lower cost of fishing lures.

Learn more about purchase  here: brainly.com/question/31035675

#SPJ11

Under the Uniform Securities Act, which of the following persons must register as a broker-dealer in a state?
I A firm with a place of business in the state that has clients in the state
II A firm with no place of business in the state that has no more than 25 clients in the state in the preceding 12 months
III A firm with no place of business in the state that deals exclusively with issuers
IV A firm with no place of business in the state that deals exclusively with financial institutions

Answers

The correct answer is I and II. Under the Uniform Securities Act, a broker-dealer must register in a state if it meets certain criteria. In this case, options I and II meet the criteria for registration.

Option I states that a firm with a place of business in the state that has clients in the state must register as a broker-dealer. This is because the firm has a physical presence and is conducting business with clients in the state, which requires registration.

Option II states that a firm with no place of business in the state that has no more than 25 clients in the state in the preceding 12 months must register as a broker-dealer. Although the firm does not have a physical presence in the state, it is engaging in securities activities with clients in the state, which triggers the requirement for registration.

Options III and IV do not meet the criteria for registration. Option III states that the firm deals exclusively with issuers, meaning it is not engaging in activities with clients in the state. Option IV states that the firm deals exclusively with financial institutions, which also does not involve activities with clients in the state.

Therefore, according to the Uniform Securities Act, only options I and II require registration as a broker-dealer in a state.

To learn more about Uniform Securities Act click here

brainly.com/question/30459726

#SPJ11

in economic theory, perfectly competitive firms, monopolists, and monopolistically competitive firms all:

Answers

In economic theory, perfectly competitive firms, monopolists, and monopolistically competitive firms all operate within the framework of market structures. However, they differ in certain aspects. Here are the general characteristics they share:

Produce goods or services: All three types of firms are engaged in the production and sale of goods or services in the market.

Aim to maximize profits: The primary objective of these firms is to maximize their profits, although the strategies and opportunities for profit maximization differ between market structures.

Face demand and cost considerations: They all consider factors such as demand for their products, production costs, and pricing strategies to optimize their operations and profitability.

Operate in response to market forces: Market forces, such as changes in demand, input costs, or competition, influence the behavior and decision-making of these firms.

However, there are significant differences between these market structures:

Perfectly competitive firms: In a perfectly competitive market, there are many firms selling homogeneous products, there are no barriers to entry or exit, firms are price takers (they cannot individually influence the market price), and there is perfect information. Each firm operates independently and faces a horizontal demand curve.

Monopolists: A monopolist is a single firm that has exclusive control over the supply of a product or service in the market. Monopolies arise due to barriers to entry, such as legal protection, control of resources, or economies of scale. Monopolists have the ability to set prices and are price makers, facing a downward-sloping demand curve.

To learn more about monopolistically

brainly.com/question/29746713

#SPJ4

the real estate commission has the authority to audit or investigate a licensee and their files:

Answers

The real estate commission has the power to audit or investigate a licensee and their files.

This authority is critical in ensuring that real estate agents operate within the law and uphold professional standards. Audits and investigations may be carried out at random or in response to a complaint or suspicion of misconduct. These processes involve reviewing transaction files, contracts, and other relevant documents to ensure compliance with state and federal regulations. Penalties for non-compliance may include fines, license suspension or revocation, or other disciplinary actions.

The audit or investigation process can be a daunting experience for licensees, but it is essential in maintaining the integrity of the real estate industry and protecting the public from fraudulent or unethical practices. It is crucial for real estate agents to maintain accurate and up-to-date records to avoid any violations and potential legal ramifications.

To know more about audit visit:

https://brainly.com/question/30436864

#SPJ11

which of the following is true of gathering requirements and documenting business processes? group of answer choices it typically occurs after design it provides rigid guidelines and exact structure. it is an art and not an exact science. you can rely on users to give you complete requirements

Answers

The correct answer is: "It provides rigid guidelines and exact structure."  Gathering requirements and documenting business processes provide rigid guidelines and exact structure.

Gathering requirements and documenting business processes is a crucial step in any project, and it involves creating a detailed plan that outlines the specific needs and goals of the project. This is important because it ensures that the project follows a clear path, making it easier to manage and execute. To ensure that everyone involved in the project is on the same page, it is important to provide rigid guidelines and an exact structure. This helps to minimize confusion and ensures that the project is completed on time and within budget. While there is an element of artistry involved in gathering requirements, it is ultimately a structured process that requires careful planning and execution.

It is important to approach this process with a clear understanding of the goals and objectives of the project, and to work closely with stakeholders to ensure that everyone's needs are met. Additionally, it helps in creating a solid foundation for the project by outlining the necessary steps and resources needed for successful completion. However, it is also an art and not an exact science, as it requires skill and adaptability to accommodate unique business needs and potential changes during the project lifecycle.

Learn more about documenting business here:

https://brainly.com/question/32103948

#SPJ11

real gdp per person is not an accurate measure of the standard of living because it ______.

Answers

Real GDP per person is not an accurate measure of the standard of living because it does not take into account other factors that contribute to one's quality of life.

Real GDP per person is a measure of the total economic output of a country divided by the population. It is often used as an indicator of the standard of living in a country, as it is assumed that a higher GDP per person means a higher standard of living. However, this assumption is flawed because GDP only measures economic activity, not other factors that contribute to well-being such as healthcare, education, environment, social welfare, and personal freedom.

For example, a country may have a high GDP per person but a poor quality of life due to a lack of access to healthcare or a polluted environment. On the other hand, a country with a lower GDP per person may have a higher standard of living due to free healthcare, quality education, and a clean environment.

Therefore, while real GDP per person is a useful economic indicator, it should not be used as the sole measure of the standard of living. Other factors should also be considered when evaluating the well-being of a population.

Learn more about Real GDP: https://brainly.com/question/28587972

#SPJ11

TRUE OR FALSE when preparing journal entries, the account titles are selected using either the drop down menu or by keying in the account titles

Answers

TRUE. When preparing journal entries, the account titles are selected using either the drop-down menu or by keying in the account titles.

Journal entries are the primary means of recording financial transactions in an accounting system. They are used to capture and record all financial transactions that occur within an organization. The process involves identifying the accounts involved in each transaction and recording them in the general ledger. The account titles used in journal entries are selected from a pre-existing list of accounts that are typically organized by category. The use of these accounts helps to ensure that all financial transactions are properly categorized and recorded in the appropriate accounts. In conclusion, selecting the correct account titles is an essential aspect of preparing accurate journal entries, and this can be done using the drop-down menu or by keying in the account titles.

To know more about journal entries visit:

https://brainly.com/question/20421012

#SPJ11

drill down reports are automatically produced when a situation is unusual or requires management action

Answers

Drill down reports are an essential tool in data analysis and management. These reports are automatically produced when a situation is deemed unusual or requires immediate attention. They provide a detailed breakdown of the data, allowing the management to identify the root cause of the issue and take appropriate actions. For example, if a sales report shows a sudden drop in revenue, the drill down report will enable the management to identify the specific product, location, or salesperson that is causing the problem. This level of detail is vital for effective decision-making and helps organizations improve their performance.

Drill down reports are a powerful tool that can enhance the accuracy and efficiency of management processes, making them an essential element in modern-day business operations.

To learn more about decision click here: brainly.com/question/27400967

#SPJ11

carla is going to businesses to ask for job applications in person. how does the presentation suggest she dress?

Answers

When it comes to presenting yourself to businesses in person, it is important to dress in a professional and appropriate manner.

This shows the businesses that you are serious and respectful about your job search.
Carla should consider wearing business attire, such as a suit or dress pants with a blouse or dress shirt. Avoid wearing anything too revealing or casual, such as shorts or a t-shirt. It is also important to ensure that her clothing is clean and pressed, and that she is well-groomed.
Additionally, Carla should consider the industry she is applying to. If she is applying to a more traditional or formal industry, such as finance or law, she may want to opt for a more conservative outfit. However, if she is applying to a more creative or casual industry, such as graphic design or tech, she may be able to dress slightly more casual.
Overall, the key is to present oneself in a professional and respectful manner. By doing so, Carla can make a positive first impression and increase her chances of success in her job search.

To know more about presentation visit:

brainly.com/question/31134909

#SPJ11

Which of the following is not true of a shareholder's derivative suit? Multiple Choice The shareholder must have held stock at the time of the alleged wrongdoing, The shareholder can bring the suit if the directors fail to take action The shareholder must have filed a complaint with the board of directors. All damages recovered go directly to the individual shareholder

Answers

All damages recovered go directly to the individual shareholder is not true of a shareholder's derivative suit.

A shareholder, also known as a stockholder or equity holder, is an individual, institution, or entity that owns shares or stock in a company. Shareholders are the owners of the company and have a financial interest in its performance and success. When individuals or organizations purchase shares of a company's stock, they become shareholders and acquire ownership rights and entitlements. These rights typically include the right to vote on corporate matters, such as the election of the board of directors and major company decisions, as well as the right to receive dividends, which are a portion of the company's profits distributed to shareholders. In such a suit, any damages recovered are typically distributed to the corporation, not directly to the individual shareholder who initiated the suit.

To learn more about shareholder
https://brainly.com/question/29705807
#SPJ11

For each of the following situations, state whether you agree or disagree with the financial reporting practice employed, and briefly explain the reason for your answer.a. Cantor Corporation's accountant increased the book value of a patent from its original cost of $1 million to its recently appraised value of $6 million.

Answers

I disagree with the financial reporting practice employed by Cantor Corporation's accountant in increasing the book value of a patent from its original cost of $1 million to its recently appraised value of $6 million. The reason is that under Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS), intangible assets like patents should be recorded at their historical cost, not their appraised value.  

While the recently appraised value of the patent may be higher than its historical cost, this increase in value should not be recorded on the balance sheet unless the patent is sold or disposed of. Instead, any increase in value should be recognized as a gain on the income statement in the period in which it occurred.

Recording the patent at its appraised value also creates a potential for overstatement of assets on the balance sheet, which can lead to misrepresentation of the financial health of the company. Additionally, this practice may be viewed as unethical, as it presents a misleading picture of the company's financial position.

Therefore, I believe that Cantor Corporation's accountant should have followed GAAP and recorded the patent at its historical cost of $1 million, without any adjustment for the recently appraised value.

To know more about Cantor Corporation's accountant visit:

https://brainly.com/question/14486845

#SPJ11

paula+is+in+the+40%+tax+bracket+and+she+holds+a+municipal+bond+that+pays+a+tax-exempt+interest+rate+of+4%.+what+is+the+taxable+equivalent+bond+yield?

Answers

The taxable equivalent bond yield is 6.67%

The taxable equivalent bond yield is a way to compare the yield on a tax-exempt municipal bond with a taxable bond. In Paula's case, since she is in the 40% tax bracket, she would need to earn a yield of 6.67% on a taxable bond to match the after-tax yield of her tax-exempt bond paying 4%.

To calculate the taxable equivalent yield, we can use the formula:

Taxable Equivalent Yield = Tax-Exempt Yield / (1 - Tax Rate)

In this case, Paula's tax rate is 40%, so we can plug in the numbers: Taxable Equivalent Yield = 4% / (1 - 0.40) = 6.67%.

So if Paula were to invest in a taxable bond paying a yield of at least 6.67%, she would earn the same after-tax return as her tax-exempt bond paying 4%.

However, it's important to note that municipal bonds typically have lower yields than taxable bonds, so Paula may still prefer the tax-exempt bond even with the lower yield.

Learn more about taxable equivalent bond yield:https://brainly.com/question/19338984

#SPJ11

All of the following are examples of increased customer value from organizational synergy EXCEPT:A. lower pricesB. increased market shareC. more productsD. improved distributionE. improved quality of existing products

Answers

the answer is B, increased market share.

Organizational synergy is the combined effect of two or more organizations working together to achieve a common goal. This can result in increased customer value in a number of ways, including lower prices, more products, improved distribution, and improved quality of existing products. However, increased market share is not a direct result of organizational synergy. Market share is the percentage of a market that is controlled by a particular company or product. It is determined by a number of factors, including the size of the market, the number of competitors, and the company's marketing and sales efforts. Organizational synergy can help a company to improve its market share by increasing its efficiency and reducing its costs. However, it is not a guarantee of increased market share.

what is the actual number of units available (assuming sufficient capacity)?

Answers

The actual number of units available, assuming sufficient capacity, refers to the maximum quantity of units that can be produced or made available based on the available resources and production capabilities of a system or organization.

It represents the total output or inventory that can be generated without any constraints or limitations in terms of production capacity.

This actual number of units available depends on several factors, including the production capacity of the facilities, availability of raw materials, efficiency of production processes, and any other relevant operational considerations. It represents the ideal or maximum output that can be achieved under optimal conditions and assumes that all resources and factors necessary for production are fully utilized and functioning effectively.

Determining the actual number of units available is crucial for effective production planning, inventory management, and meeting customer demand. It helps organizations optimize their production processes and make informed decisions about resource allocation, scheduling, and meeting production targets.

To learn more about capabilities
https://brainly.com/question/30433064
#SPJ11

In its first month of operations, Sheridan Company made three purchases of merchandise in the following sequence: (1) 225 units at $7, (2) 450 units at $8, and (3) 425 units at $9. Assuming there are 150 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method. Sheridan uses a periodic inventory system.

Answers

The cost of the ending inventory under the FIFO method is $3,825, while under the LIFO method, it is $1,875.

(a) FIFO method:

First, we need to determine the units sold. Given that there are 150 units on hand, the number of units sold is 225 + 450 + 425 - 150 = 950 units.

To calculate the cost of the ending inventory, we use the cost of the most recent purchases. Since the most recent purchase was 425 units at $9, the cost of the ending inventory under FIFO is 425 units × $9 = $3,825.

Under the LIFO (Last-In, First-Out) method, the cost of the ending inventory is calculated by assuming that the most recent units purchased are the first ones sold. Therefore, the cost of the ending inventory is based on the earliest purchases.

(b) LIFO method:

Again, the units sold remain the same, 950 units.

To calculate the cost of the ending inventory, we use the cost of the earliest purchases. Since the first purchase was 225 units at $7, the cost of the ending inventory under LIFO is 150 units × $7 + 75 units × $8 = $1,275 + $600 = $1,875.

for more questions on FIFO
https://brainly.com/question/17311988
#SPJ11

________ policy is the planned use of government taxation (t) and spending (g).

Answers

Fiscal policy is the planned use of government taxation (t) and spending (g).

Fiscal policy refers to the decisions made by the government regarding the levels of taxation and government spending in order to influence the overall state of the economy. Through fiscal policy, the government aims to achieve various macroeconomic objectives such as economic growth, price stability, and full employment.The government can use fiscal policy tools such as changing tax rates, implementing new taxes, adjusting government spending on public goods and services, and employing measures like stimulus packages or austerity measures to influence aggregate demand, economic activity, and overall economic performance.By manipulating taxation and government spending, fiscal policy attempts to shape the overall economic conditions and address economic challenges such as recessions, inflation, or unemployment. It serves as a means for the government to actively intervene in the economy and promote desired economic outcomes.

To know more about economic growth, click here https://brainly.com/question/29621837

#SPJ11

what feature describes the capabilities of email-to-case record assignment to queues?

Answers

When consumers send emails to the email addresses you choose, Em-ail-to-Case allows us to automatically build cases and fill up case details. Em-ail-to-Case on-demand service rejects emails greater than 25 MB and keeps email traffic outside of your network's firewall.

You will discover everything there is to know about Salesforce queues in this in-depth blog, including how to make a lead queue and why they are utilized. View More. The prioritization, distribution, and assignment of data to teams that share work inside an organization are made easier with the aid of Salesforce queues. Employee tasks are better structured thanks to queues. In G-mail, "queued" merely refers to a list of e-mails that are now unable to be sent.

To learn more about demand, click here.

https://brainly.com/question/30402955

#SPJ4

Hank, a calendar-year taxpayer, uses the cash method of accounting for his sole proprietorship. in late December, he performed $20,000 of legal services for a client. Hank typically requires his clients to pay his bill immediately upon receipt. Assume his marginal tax rate is 30 percent this year and will be 40 percent next year, and that he can earn an after-tax rate of return of 12 percent on his investment.
a. What is the after-tax income if Hank sends his client the bill in December?
b. What is the after-tax income if Hank sends his client the bill in January?

Answers

a. If Hank sends his client the bill in December and the client pays immediately, he will recognize the $20,000 as income in the current year. His after-tax income can be calculated by multiplying the income by the marginal tax rate and subtracting the tax amount. So, the after-tax income would be $20,000 * (1 - 0.30) = $14,000.

b. If Hank sends his client the bill in January, he will not recognize the income until the following year. Therefore, the income will be taxed at the higher marginal tax rate of 40 percent. To calculate the after-tax income, we need to consider the after-tax rate of return on his investment. The income earned in January can be invested, and the after-tax return can be calculated as $20,000 * (1 - 0.40) * 0.12 = $1,440. Adding this to the income of $20,000, the after-tax income would be $20,000 + $1,440 = $21,440.

By delaying the recognition of income to the following year, Hank can take advantage of the lower tax rate in the current year and potentially earn additional investment income. However, the decision to send the bill in December or January should also consider factors such as cash flow needs and the client's payment behavior.

Learn more about additional investment here:- brainly.com/question/28305512

#SPJ11

Libscomb Technologies' annual sales are $5,273,466 and all sales are made on credit, it purchases $3,544,247 of materials each year (and this is its cost of goods sold). Libscomb also has $588,508 of inventory, $569,267 of accounts receivable, and beginning and ending of year $486,987 and $454,375 accounts payables (respectively). Assume a 365 day year. What is Libscomb’s Cash Cycle (in days)?

Answers

The brief solution is: The Cash Cycle for Lipscomb Technologies can be calculated using the formula: Cash Cycle = Inventory Conversion Period + Receivables Collection Period - Payables Deferral Period.

Inventory Conversion Period: This represents the average number of days it takes for Libscomb to convert its inventory into sales. It can be calculated as Inventory / Cost of Goods Sold per day. Inventory Conversion Period = Inventory / (Cost of Goods Sold / 365)

Receivables Collection Period: This represents the average number of days it takes for Libscomb to collect payments from its customers. It can be calculated as Accounts Receivable / (Annual Sales / 365). Payables Deferral Period: This represents the average number of days Lipscomb takes to pay its suppliers. It can be calculated as Accounts Payable / (Cost of Goods Sold / 365).

Once you have calculated the values for the Inventory Conversion Period, Receivables Collection Period, and Payables Deferral Period, you can substitute them into the Cash Cycle formula to find the total number of days. Please note that the specific values provided in the question need to be substituted into the calculations to obtain the final result.

Learn more about Annual Sales here:- brainly.com/question/30124515

#SPJ11

Other Questions
What is the meaning of Oscar Wilde's quote, "I never travel without my diary. One should always have something sensational to read in the train"? test the null hypothesis: h0:(12)=0 versus the alternative hypothesis: ha:(12)0. using =0.04, give the following: The test statistic Z ____ the model penal code "choice of evils" provision contains five elements.a. trueb. false what is true about the paired-comparison method of measuring employee performance? there may be more than one correct answer(s). choose all that applies. consider passing an array to a function, which of the array's properties must be specified in the function call? a(n) _____ is a website containing journal-type entries maintained by individuals or groups. find the mass of o2 gas present in a 5.60 l container at 1.75 atm and 250 k? Como se separan las palabras con grupos de 4 consonantes entre vocales when asking yourself whether you have the time, commitment, and necessary skills to accomplish a goal, you are considering whether the goal is . which of the following is not a major challenge facing the accounting profession?a. Nonfinancial measurements.b. Timeliness.c. Accounting for hard assets.d. Forward-looking information. Which side lengths form a right triangle?Choose all answers that apply:A 5,8,33B 8, 15, 172, 2,2 find the t-value such that the area in the right tail is 0.01 with 21 degrees of freedom What is the area of a parallelogram with a base of 5 mm and a height of 9 mm? One-third of all dual-earner married couples arrange for childcare byA. hiring nannies.B. enlisting the help of relatives.C. working different shifts.D. receiving government aid. modifications to the source code of an open source program cannot be added to the product. 27.+extreme+rainfall+storms+in+the+northeast+from+1958-2012+increased+by:+a)+10+%+b)+30%+c)+71%+d)+100% there are $20$ people in my club. $8$ of them are left-handed. $15$ of them like jazz music. $2$ of them are right-handed and dislike jazz music. how many club members are left-handed and like jazz music? assume people are either left-handed or right-handed, but not both. Show that the set is linearly dependent by finding a nontrivial linear combination of vectors in the set whose sum is the zero vector. (Use S1, S2, and S3, respectively, for the vectors in the set.)S={(3,4),(1,1),(4,0)}Express the vector S1 in the set as a linear combination of the vectors S2 and S3. answer from the 4 options.ASAP suppose+that+you+randomly+selected+26+adults.+assume+12%+of+the+population+smoke.+round+all+answers+to+2+decimal+places.