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Nataly [62]
2 years ago
5

If the Accounts Receivable balance is $10 million less than the balance at the beginning of the year, then on the statement of c

ash flows (indirect method) $10 million should be ______. Multiple choice question. subtracted from investing activities added to investing activities added to net income subtracted from net income
Business
1 answer:
alexgriva [62]2 years ago
6 0

$10 million should be added to net income.

<h3><u>What is Accounting?</u></h3>
  • Accounting is the process of documenting a business's financial transactions. These transactions are compiled, examined, and reported to oversight organizations, regulatory bodies, and tax collection organizations as part of the accounting process.
  • A company's operations, financial condition, and cash flows are summarized in the financial statements that are used in accounting.
  • They provide a succinct summary of financial transactions across an accounting period. One of the most important aspects of practically every firm is accounting.
  • Small businesses may have a bookkeeper or accountant manage it, whereas larger corporations may have vast finance departments with many people.
  • Management can make wise business decisions thanks to the information produced by many streams of accounting, including cost accounting and managerial accounting.

Know more about Accounting with the help of the given link:

brainly.com/question/13310721

#SPJ4

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Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the foll
Ivenika [448]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

The high-low method involves taking the highest level of activity and the lowest level of activity and comparing the total costs at each level.

Mountain has recorded the following for the past nine months:

January:

Number of Cavities= 375

Total cost= $5,300

February:

Number of Cavities  500

TC= 5,850

March

Number of Cavities 350

TC= 5,200

April

Number of Cavities 600

TC=6,250

May

Number of Cavities 325

TC= 5,150

June

Number of Cavities 475

TC= 5,700

July

Number of Cavities 525

TC= 6,100

August

Number of Cavities  575

TC= 6,300

September

Number of Cavities  450

TC= 5,550

A) Variable cost= (Highest activity cost - lowest activity cost) / (Highest activity units - lowest activity units)

Variable cost= (6300 - 5150) / (600 - 325)= 4.18 per unit

Fixed cost= HACost - (variable cost per unit * HAUnits)= 6300 - (4.18*600)= 3792

Fixed cost= LACost - (variable cost per unit* LAUnits)= 5150 - (4.18*325)= 3792

B)  Q= 400

Total cost= 3792 + 4.18*400= $5464

8 0
3 years ago
Market researchers for a local bakery determined that Jewish people consume 63% of the portion of bagels sold in New York City.
Anon25 [30]

Answer:

Subcultural

Explanation:

Consumer behaviour refers to how individuals make decisions on ways to spend their available resources, time, money, and effort on variety of items.

A society is composed of several sub-cultures in which iindividuals can identify themselves. A Subculture is a group of people within a culture who are different from the dominant culture but have something in common with one another such as common interests, religions, ethnic backgrounds.

Culture is considered an external factor that influences consumer behavior. Since different cultures have different values, they will have different buying habits. A typical example is the Jewish people that purchase about 63% of bagels that is sold in New York City.

7 0
3 years ago
Mike and Mary Jane Lee have a yearly income of $79,352 and own a house worth $102,100, two cars worth a total of $ 19,907 and fu
77julia77 [94]

Answer:

Total assets            $

Building                102,100

Motor vehicle       19,907

Furniture               <u>10.442</u>

Total assets          <u>132,449</u>

<u></u>

Total liabilities        $

Mortgage loan      58,347

Outstanding loan  2,567

Utility bills unpaid <u>242</u>

Total liabilities       <u> 61,156</u>

Debt ratio = Total liabilities   x 100

                     Total assets

Debt ratio = $61,156   x   100

                     $132,449

Debt ratio = 46.17%

Explanation:

In this case, there is need to calculate the total assets, which is the aggregate of building, motor vehicle and furniture.

We also need to calculate the total liabilities, which is the aggregate of mortgage loan, car loan outstanding and utility bills unpaid.

Debt ratio is obtained by dividing total liabilities by total assets multiplied by 100.

8 0
3 years ago
George is offered an investment opportunity by his friend Ray. He asks George for $6,900 and offers to repay him $12,990 after a
SVETLANKA909090 [29]

Answer:

Depositing in bank is a better option.

Explanation:

For this solution, we can either determine the interest rate given to George by his one of the friend or the future worth method,

Future worth method is used here,

Given that,

PV = $6,900

R = 9%

N = 10 Years

FV = PV\times(1+R)^{N}

FV = 6,900\times(1+0.09)^{10}

FV = 6,900\times(1.09)^{10}

FV = 6,900 × 2.3673

FV = $16,334.81

Since, the future worth of investing in bank is more than the money to be offered by the George's friend (16,334.81 > 12,900) and hence, depositing in bank is a better option.

8 0
3 years ago
Registration is a must for sole proprietorships. <br><br> a. True <br><br> b. False
kifflom [539]
A, true. hope this helped you!!!
5 0
4 years ago
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