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Tutor profile: Amir S.

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Amir S.
5 Years of Tutoring Experience, Tulane 2020 Graduate, Incoming Equity Trader
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Questions

Subject: Calculus

TutorMe
Question:

For what value of x is the function $$y = \sqrt{x}$$ closest to the point $$(4,0)$$?

Inactive
Amir S.
Answer:

$$x= \frac{7}{2}$$

Subject: ACT

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Question:

For two consecutive integers, the sum of the first integer and quadruple the larger integer is 104. What are the two integers?

Inactive
Amir S.
Answer:

20, 21

Subject: Accounting

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Question:

Assuming no taxes, how would a $10 million dollar depreciation affect each of the three financial statements?

Inactive
Amir S.
Answer:

Income Statement: A $10 million depreciation will be shown on the income statement as a depreciation expense, decreasing the net income by $10 million. Cash Flow Statement; The top-line net income on the cash flow statement will be decreased by $10 million as it was on the income statement. Additionally, there will be a $10 million increase to the depreciation add-back line, resulting in a net $0 cash flow change, which is expected from a cashless event such as reporting depreciation. Balance Sheet: On the balance sheet, there will be a $10 million decrease of retained earnings, as a result of the decrease from net income as well as a $10 million decrease of property, plant, and equipment (PPE) line. PPE is the asset we are depreciating, so by definition, this decrease should be expected.

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