1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ch4aika [34]
2 years ago
14

A large manufacturing firm has been selling on a 3/10, net 30 basis. The firm changes its credit terms to 2/20, net 90. What cha

nge might be expected on the balance sheets of the manufacturing firm
Business
1 answer:
sweet-ann [11.9K]2 years ago
7 0

The change  that might be expected on the balance sheets of the manufacturing firm is: Increased payables and decreased bank loan.

<h3>What is Account payable?</h3>

Account payable is a liability and can be defined as the money a company  owning their client or the money a company  is expected to pay their  customer or client for the services they rendered to the company

Based on the information given the expected change on  the balance sheet of the company is increase in account payables and decrease in bank loan.

Therefore the change  that might be expected on the balance sheets of the manufacturing firm is: Increased payables and decreased bank loan.

Learn more about account payable here:brainly.com/question/1347024

You might be interested in
Presented below is selected financial information for Cullumber Company for December 31, 2022. Inventory $ 25,000 Cash paid to p
Vitek1552 [10]

Answer:

Explanation:

Basically there are three types of activities:

1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.

2. Investing activities: It records those activities which include purchase and sale of the fixed assets

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.  

According to these above explanations

(A) Operating activities: Cash paid to suppliers 103,600 and Cash received from customers 132,100

(B) Investing activities:  Cash paid to purchase equipment $ 11,000

(C) Financing activities: Cash dividends paid 6,100, and Cash received from issuing common stock

Now the preparation of the cash flow statement is shown below:

Cash flow from operating activities:

Cash received from customers                            $132,100

Less: cash paid to suppliers                                -$103,600

Net cash flow from operating activities (A)            $28,500

Cash flow from investing activities:

Cash paid to purchase equipment                       -$ 11,000

Net cash flow from investing activities (B)             -$11,000

Cash flow from financing activities:

Cash received from issuing common stock           $21,400

Less: Cash dividends paid                                     -$6,100

Net cash flow from financing activities (C)         $15,300

Net cash increase (A+B+C)                                   $32,800

Add: Beginning cash balance                              $7,500

Ending cash balance                                            $40,300

5 0
3 years ago
A portfolio is composed of two stocks, Z and Y. Stock Z has a standard deviation of return of 22%, while stock Y has a standard
user100 [1]

Answer:??

Explanation:

5 0
3 years ago
Dixie Mart plans to pay dividends of $1.36, $1.15, $1.35, and $0.40 at the end of the next four years, respectively. After that,
Vera_Pavlovna [14]

Answer:

The correct answer is C. $46.50.

Explanation:

The current value of one share of stock is the present value of all expected future cash flows. The present value (PV) of cash flows in each year is calculated as follows.

PV = Future value / (1 + Rate of return)^Number of years

The future value is the dividend received on the share in a particular year while the rate of return is 11.4% (i.e. 0.114).

Applying the above formula,

PV_{1}  = 1.36 / (1 + 0.114)^{1} = 1.221\\

PV_{2} = 1.15 / (1 + 0.114)^{2} = 0.927

PV_{3} = 1.35 / (1 + 0.114)^{3} = 0.977

PV_{4} = 0.40 / (1 +0.114)^{4} = 0.260

PV_{6} = 82.40 / (1 + 0.114)^{6} = 43.114

Current value of share = $1.221 + $0.927 + $0.977 + $0.260 + $43.114

                                      = $46.50

Hence, the correct option is C. $46.50.

6 0
3 years ago
Suppose that Dmitri, an economist from an AM talk radio program, and Frances, an economist from a school of industrial relations
lions [1.4K]

Answer:

1. The disagreement between these economists is most likely due to

a. differences in values

2. Despite their differences, with which proposition are two economists chosen at random most likely to agree?

a. Lawyers make up an excessive percentage of elected officials.

Explanation:

Economists chosen at random do not usually agree on economic events and realities, instead, they are more likely to agree on issues that are not economic.  They offer differing opinions based on similar principles.  Most of their disagreements stem from differences in what they place their values on.  Some value market-oriented approaches while others value government interventions in market situations, with other variants in-between.

7 0
3 years ago
DW has an ending Retained Earnings balance of $51,600. If during the year DW paid dividends of $4,100 and had net income of $21,
VikaD [51]

Answer:

$34,600

Explanation:

The computation of beginning retained earnings balance is seen below:

But we know that;

Ending balance of retained earnings = Beginning balance of retained earnings + Net income - Dividend paid

$51,600 = Beginning retained earnings + $21,100 - $4,100

Beginning retained earnings = $51,600 - $21,100 + $4,100

Beginning retained earnings = $34,600

4 0
3 years ago
Other questions:
  • Suppose the yield on short-term government securities (perceived to be risk-free) is about 4%. Suppose also that the expected re
    8·1 answer
  • What three items must be considered when scheduling appointments?
    13·1 answer
  • Level of employment reached when there is no cyclical unemployment.
    7·1 answer
  • Consider the following information: State of Economy Probability of State of Economy Rate of Return if State Occurs Recession 0.
    10·1 answer
  • Mailing cash to pay bills is encouraged by the United States Post Office officials.
    13·1 answer
  • Tom oversees the logistics department for a holiday resort in Virginia. He has created a plan to bring in customers directly fro
    9·2 answers
  • The constitution sets forth specific powers that can be exercised by the national government and provides that the national gove
    6·1 answer
  • Causes of low economic growth
    6·2 answers
  • How long does a trademark last? _____ five years fifteen years twenty years ten years
    5·1 answer
  • Suppose your friend earned wages of $93,260, received $1340 in interest from a savings account, and contributed $6300 to a tax-
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!