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How do you find the net cash provided by operating activities?
Net cash provided by operating activities can be find out by adjusting the net income amount from income statement for non-cash items.
Explain why adjusting entries normally have an effect on both the balance sheet and the income statement?
It will change the numbers that you are using. You will have to go through and make sure everything is matching up.
What type of income is the amount left all other obligations have been met?
The amount left after all other obligations have been met is referred to as "disposable income." This is the income available to an individual or household for spending and saving after taxes and essential expenses, such as housing, utilities, and food, have been deducted. Disposable income is crucial for determining financial well-being and consumer spending ability.
How do you do adjusting entries?
You adjust the entries by crediting the income and debiting the expenditures.
What effect will the declaration and distribution of a stock dividend have on the net income and cash flows?
19. What effect will the declaration and distribution of a stock dividend have on net income and cash flows? (Points : 2)No effect on net income or cash flowsNo effect on net income, decrease cash flowsDecrease net income, decrease cash flowsIncrease net income, no effect on cash flows
What is the Difference between income effect and substitution effect?
Income effect-change in the amount that consumers will buy because their income changed.substitution effect-change in the amount that consumers will buy because they purchase goods instead.substitution effect the change in demand for a good when the relative price between a good and its substitute changes. income effect the change in demand for a good when the income of the consumer change.
The adjusting entry to adjust supplies was omitted at the end of the year This would effect the income statements by having?
expenses understated and therefore net income overstated
Do food stamps and medicaid effect child support?
... affect ... Child support is considered income for purposes of determining eligibility for food stamps [SNAP] and Medicaid. However, receipt of either should have no effect on the amount of one's child support, whether one is the obligor or obligee.
How do you find the net cash provided by operating activities?
Net cash provided by operating activities can be find out by adjusting the net income amount from income statement for non-cash items.
Is the income of a spouse included when determining the amount the biological parent pays for child support?
nope, only takes the mother and fathers income into account. Spouses of the parents are not included
Is it microeconomics or macroeconomics the effect of higher income taxes on total amount of consumer spending?
microeconomics
Do adjusting journal entry affect the income statement or balance sheet?
Adjusting entries affect at least one income statementand one balance sheet
Does severance pay count as earned income in determining unemployment compensation in Pennsylvania?
If the amount is reported on the W-2 form in box 1 yes.
How does the income effect explain the change in quantity in demand that takes place when the price goes down?
the income effect is the increase in real income you get from a drop in prices, the real income increases because you can buy more goods with the same amount of income. This is different from the substitution effect which shows this effect by you buying more of the good because it is relatively cheaper than another good, so you are substituting the expensive good in favor of the cheaper one.
How does the income effect explain the change in quantity demanded that takes place when price goes down?
the income effect is the increase in real income you get from a drop in prices, the real income increases because you can buy more goods with the same amount of income. This is different from the substitution effect which shows this effect by you buying more of the good because it is relatively cheaper than another good, so you are substituting the expensive good in favor of the cheaper one.
How does the income effect explain the change in quantity demanded that takes place when the price goes down?
the income effect is the increase in real income you get from a drop in prices, the real income increases because you can buy more goods with the same amount of income. This is different from the substitution effect which shows this effect by you buying more of the good because it is relatively cheaper than another good, so you are substituting the expensive good in favor of the cheaper one.
How does an increase in income tax rate effect the breakeven point?
No, an increase in the tax rate only affects a positive income; at break even there is no amount to tax
