Answer:
Technician A says a fleet shop is usually connected with either a business that runs multiple vehicles or with equipment that is maintained and repaired in house.
Answer:
$55,500
Explanation:
The computation of the net realizable value after the write off entry is show below:
The credit balance in allowance with terms to bad debts is
= $4,500 - $4,000
= $500
Now the net realizable value is
= ($60,000 - $4,000) - ($4,500 - $4,000)
= $56,000 - $500
= $55,500
Hence, the same is to be considered
Answer:
The senior partners would obviously have more work than the paralegals. This can make work tedious for senior partners and therefore slower to carry out projects.
Explanation:
Slow rate in carrying out projects because the senior partners might need to add to their job the works of the paralegals. This will slow down work
Answer:
$40,960
Explanation:
The computation of the operating cash flow is shown below;
As we know that
Annual Operating Cash Flow is
= EBIT × (1 - Tax Rate) + Depreciation Expenses
Here,
Earnings Before Interest & Tax [EBIT] = Revenues - Variable Cost - Fixed Costs - Depreciation Expenses
= $247,700 - $137,600 - $56,500 - $22,000
= $31,600
Now
Annual Operating Cash Flow = EBIT × (1 - Tax Rate) + Depreciation Expenses
= $31,600 × (1 - 0.40) + $22,000
= [$31,600 × 0.60] + $22,000
= $18,960 + 22,000
= $40,960
