Changes in Current Operating Assets and Liabilities-Indirect Method Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $30,000 $29,200 Inventory 75,800 76,500 Accounts payable 28,000 26,300 Dividends payable 21,000 23,000 Adjust net income of $102,600 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $ 102,400 X

Q: How to complete the personal balance and calculate the net worth?

A: Calculation of Net worth and Personal balance.

Q: How would you use financial statement analysis?         Is there one ratio that you feel is more…

A: Financial statements give ideas about performance of company within accounting period.We can compare…

Q: What is meant by the concept of “potential savings (profits)”?

A: Profit is the total revenues less all costs and expenses. In other words, profit is the net earnings…

Q: Should unrealized gains and losses be shown as net income or comprehensive income? Defend your…

A: Unrealized gains and losses refer to changes in the value of assets or liabilities that have not…

Q: Why do we use an after-tax figure for the cost of debt but not for the cost of equity? Explain your…

A: Capital of a company is made from two main sources – debt and equity.Debt consists of liabilities…

Q: What types of investments generate interest income and how is interest income reported?

A: Ans. Interest income is the earnings received in return of the amount deposited as investments.

Q: Differentiate the net farm income, economic profit, and accounting profit.

A: Profit or Income: Profit or income is the amount of revenue realized from the operations of the…

Q: 1. What are gains and losses? Please explain and provide an example for both.

A: Income Statement - The income statement includes Revenue earned and losses incurred due to…

Q: What exactly is the analytic hierarchy process (AHP) and how can it be used to the process of making…

A: ANALYTIC HIERARCHY PROCESS: It is the method for managing and identifying, organizing the complex…

Q: he category of ‘Other Income' includes   Multiple Choice   1. pension benefits.   2. lottery…

A: Other income is not the company or business main income. It is more like side income  Capital gains…

Q: what are financial goals and why are they important

A: The funds and other resources available to a company or an individual are always finite. Therefore,…

Q: what types of investments generate interest income and how is interest income reported?

A: When a person makes an investment then that person will earn a return or an income on that…

Q: Life inHow would you determine the amount to purchase? Should it be based on your current financial…

A: Life insurance is a very important insurance tool that each and every individual should take.

Q: Explain the middle-income trap issue and elaborate the possible solutions to address the…

A: Traps:  There are various traps in finance and the economy, where individuals and countries can get…

Q: What are annuities, growing annuities, perpetuities and growing perpetuities. What are the…

A: Annuity is a sequence of equal payments that take place over a fixed number of periods. Payments…

Q: hat are examples of expenses that require estimates for the future and why do we do this?

A: Expenses An expense is a particular kind of outlay that appears on the income statement and is…

Q: How can financial literacy be improved?

A: Financial literacy refers to a wide range of critical financial skills and concepts. People who are…

Q: Which you prefer, equity or fixed income?

A: Differences between equity and fixed income: Equity: Corporates issues most of the equity There is…

Q: How can we calculate the net present worth of each payment?

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Q: What is the main advantage of receiving dividend income vs. interest income? Explain.

A: A person receives dividend income on the equity investments made by him/her.In contrast, a person…

Q: Using your own words, briefly (hopefully) explain: (a). What is "retained earning"? How does…

A: Profit earning is the main and basic motive of every firm or business. Businesses use these profits…

Q: What should be done to find the equivalent present worth of the actual dollar amount?

A: Present value is the concept of discounting future value to bring it to today’s worth.

Q: EXPLAIN the importance and process of personal financial planning.

A: The reasons why personal financial planning is important are as follows: - Helps us to efficiently…

Q: Explain Growing Income through Provision of Services?

A: Commercial activity between a service provider and the client as the initial agreement is called the…

Q: Is Cash Flow more valuable than Accrual Income?

A: Under the accrual system of accounting, the transactions are recorded as and when they accrue…

Q: When a person is not spending on current consumption or taxes, and gives up some current consumption…

A: Savings typically refers to the money that is saved or set aside by individuals, businesses, or…

Q: An investment is the use of money or capital for income or​ _______. expenses profit value present…

A: An investment is an item or an asset acquired with the goal of earning income or appreciation in the…

Q: Why is the income statement called a dynamic financial statement?

A: Income statement is that financial statement that shows the different income as well as expenditures…

Q: Profit maximization translated into wealth maximization. Discuss

A: Wealth Maximization consists of a set of activities that manage the financial resources intending to…

Q: Why can we not invest net income? Explain with an example?

A: The net income is the net profit of the company earned during the period. The net income includes…

Q: discuss the advantages and disadvantages of using return on capital employed ?

A: We have to find the advantages and disadvantages of using return on capital employed (ROCE).

Q: What is the amount of the plan assets available to pay benefits? What are the factors that can cause…

A:

Q: How can using personal financial planning tools help you improve your financial position? Please…

A: Financial Planning Tools refer to the instruments that help us achieve our future financial goals…

Q: correction of prior period

A: (Note: Since you have posted multiple questions, we will solve the first question for you. For the…

Q: Why is rent receipts on investing?

A:

Q: what is the difference between investing and financing activities?

A: Cash flow statement include cash flows resulting from operating activities, investing activities and…

Q: Do you know how much tmes-Interest you have earned?

A: Pretax and before interest income may be used to pay the interest at a ratio of times the present…

Q: How is the net profit before tax is calculated in the Cash glow

A: Cash Flow statement is an Financial Statement that is a summary of Possible Cash inflows and…

Q: EBIT is equivalent to profits after taxes. true or false?

A: EBIT is the earnings before interest and tax.

Q: Explain with hypothetical example the effect of Investment Tax Credit.

A: Investment Tax Credit is an opportunity provided while filing for taxation where a deduction of a…