Answer:
The Sheen’s cash flows from operating activities is $95 million
Explanation:
Cash flows from operating activities :
The cash flow from operating activities includes all those activities which are of short term period. Like changes in working capital or we can say increase in currents assets or decrease in current assets or increase/decrease in current liabilities.
The increase in current liabilities increase the cash balance, hence it is added and decrease in current liabilities decrease the cash balance. But in the case of current asset, it is opposite.
The depreciation expense and loss on sale of equipment is added. So, we take them in the computation part.
The cash flow from operating activities is equals to
= Net income + depreciation expenses + loss on sale of equipment - increase in accounts receivable + increase in accounts payable - increase in inventory
= $90 + $3 + $2 - $1 + $4 - $3
= $95 million
Hence, the Sheen’s cash flows from operating activities is $95 million
Answer:
Year 2= $3,333.33
Explanation:
Giving the following information:
A company purchased a computer system for $24,000. The estimated useful life is 6 years, and the estimated residual value is $9,000.
To calculate the depreciation expense for the second year, we need to use the following formula for year 1 and 2:
Annual depreciation= 2*[(book value)/estimated life (years)]
Year 1= 2*[(24,000 - 9,000)/6]= 5,000
Year 2= 2*[(15,000 - 5,000)/6]= 3,333.33
Answer:
just copy and paste something random in there, they only grade it for completing it they don't go back and check
Explanation:
I take that class in edmentum
B. The mean of its sampling distribution is equal to the true value of the parameter being estimated
Answer:
Non-controlling interest in net income decreased would have by $6,000
Explanation:
The computation of net income is shown below:-
Profit on Intra-Entity Sales = Revenue - Cost of goods sold
= $200,000 - $140,000
= $60,000
Profit on Intra-Entity Sales × 25% still in Ending Inventory
= $60,000 × 25%
= $15,000
Adjustment to Net Income × 40% for Non-controlling Interest
= $200,000 × 25% × 30% × 40%
= $6,000
Net profits will go decline by $6,000