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stira [4]
1 year ago
10

For the following transaction, determine whether cash flows from operating activities will increase, decrease, or remain the sam

e:
(g) Disclosed a contingent liability based on a pending lawsuit.
Business
1 answer:
IRINA_888 [86]1 year ago
6 0

Disclosed a contingent liability based on a pending lawsuit the cash flows from operating activities will remain the same.

Disclosed a contingent liability based on a pending lawsuit the cash flows from operating activities will remain the same as contingent liability is recorded as footnotes to financial statements. They have no cash flow till the period the event occurs of which they are contingent.

Operational enterprise activities include inventory transactions, interest payments, tax payments, wages to personnel, and payments for rent. some other shapes of cash flow, which include investments, money owed, and dividends are not included in this phase.

A contingent liability is a liability that may or might not occur. This means the contingent legal responsibility will rely on destiny events. Long-time liabilities are predicted to pay through the years or the timeframe is extra than 12 months. However, short-term liabilities are predicted to pay within a year.

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Item11 Item 11Item 11 Schister Systems uses the following data in its Cost-Volume-Profit analyses: Total Sales $ 390,000 Variabl
sleet_krkn [62]

Answer:

the total contribution margin is $245,700

Explanation:

The computation of the total contribution margin in the case when the sales volume rise by 40% is shown below:

Since the sales volume is rise so the contribution margin is also rise by 40%

Therefore the total contribution margin would be

= Contribution margin × (1 + increased percentage)

= $175,500 × (1 + 0.40)

= $175,500 × 1.40

= $245,700

Hence, the total contribution margin is $245,700

5 0
3 years ago
The ACogs-153 company has provided the following data for the month of May: Inventories: Beginning Ending Work in process $ 24,0
meriva

Answer:

$209,000

Explanation:

   Schedule of Cost of goods manufactured

Particulars                                                Amount

Direct materials                                        $64,000

Direct labor cost                                       $94,000

Manuf. overhead cost applied to WIP     <u>$68,000</u>

Total manufacturing costs                        $226,000

Add: WIP Inventory, Beginning                $24,000

Less: WIP Inventory, Ending                     <u>$19,000</u>

Cost of goods manufactured                   $231,000

Add: Beginning Finished goods              $53,000

Less: Ending Finished goods                   <u>$57,000</u>

Unadjusted cost of goods sold                $207,000

Add: Underapplied manuf. overhead      <u>$2,000    </u> ($70,000-$68,000)

Adjusted cost of goods sold                   <u>$209,000</u>

4 0
2 years ago
A sale consists of the passing of the _______ from the seller to the buyer for a price.
Brrunno [24]

A sale consists of the passing of the<u> title of goods</u> from the seller to the buyer for a price.

A price is the amount of payment or compensation (usually non-negative) that one party gives to another party in exchange for goods or services. In some cases, the production price is given another name.

If the product is a commercial "commodity", the payment for that product may be referred to as the "price". However, if the product is a "service", the product may have other names.

For example, the following graph shows several situations The price of a commodity is affected by the cost of production, the supply of the desired item, and the demand for the product. Prices are either set by the monopoly or imposed on the company by market conditions.

learn more about Prices here. brainly.com/question/2021001

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8 0
1 year ago
Which management style is characterized by the manager trusting the employees work ability and is best used with employees know
ch4aika [34]
I don’t know my name I don’t play by the rules of the game so you do say I’m not trying
7 0
3 years ago
Managers of every company should be willing and ready to modify their strategies because?
Keith_Richards [23]

Managers of every company should be willing and ready to modify their strategies because: a) market conditions and circumstances are changing over time or the current strategy is clearly failing.

<h3>Who is a manager?</h3>

A manager can be defined as an individual who has been trained to acquire and distribute resources, as well as provide guidance, support, administrative control, and supervision to the employees who are working in a business organization (company), especially by being morally upright, well behaved and promoting the business's vison, culture, and values at all times.

<h3>What is a marketing strategy?</h3>

Marketing strategy can be defined as a technique that is typically used by business firms to attract customers to their goods or service, especially by giving them a lower price during its initial operation and offering.

In conclusion, we can reasonably infer and logically deduce that managers of any company should be willing and ready to modify their strategies because market conditions and circumstances are dynamic, and as such changing over time or the current strategy is clearly failing.

Read more on marketing here: brainly.com/question/27534262

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Complete Question:

Managers of every company should be willing and ready to modify their strategies because

a) market conditions and circumstances are changing over time or the current strategy is clearly failing.

b) the task of crafting strategy is a one-time event.

c) the strategic vision necessitates periodic updating.

d) frequent changes in strategy make it very difficult for rivals to imitate.

e) all strategies are reactive.

8 0
1 year ago
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