Answer:
$36,000
Explanation:
Net Cash = Net Income for 2016 - Accounts Receivable + Decrease in inventory + Depreciation expense - Gain on sale of equipment
=> Net Cash = $40,000 - $ 4,000 + $2,000 + $3,000 - $5,000
=> Net Cash = $36,000
Answer:
c. unconstitutional under the First Amendment.
Explanation:
Under the first amendment the act of banning such printed materials is unconstitutional. As it is not good for people in the country to witness such things.
As printed material includes books, magazines, and other things which enhance the knowledge level of different people.
Therefore, banning printed material will make the country people short of knowledgeable resources.
Therefore, the court will announce it unconstitutional.
Answer:
a. Salary for the second year:
Salary is to increase by 4% in second year.
= 53,000 * (1 + 4%)
= $55,120
b. Third year salary:
Second year salary will increase by 5.5%
= 55,120 * (1 + 5.5%)
= $58,151.60
c. Fourth year salary:
Third year salary to increase by 11.1%
= 58,151.60 * (1 + 11.1%)
= $64,606.43
Sorry, I’m not sure so I don’t want to mislead you
Answer:
The correct answer is C. the decline in the economic value of an asset over time
Explanation:
Depreciation : Depreciation is a decreasing value of the asset due to tear and wear, obsolesce, usage, etc
It is charged on the fixed assets which include plant and machinery, furniture and fixtures, building, computer, equipment, etc.
The sum of gross and net investment is not called the depreciation because gross investment is an expenditure which is incurred on new purchase while net investment is a difference between gross investment and deprecation. So, option B is incorrect.
Depreciation should not be charged on intangible assets because in intangible asset, the amortization is charged. Thus, option B is incorrect.
The decrease in the general price level is disinflation or inflation decreased. So, option D is also wrong
Hence, The correct answer is C. the decline in the economic value of an asset over time