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2 years ago

What are the three activities according to which a statement of cash flows is organized?

1 answer:

8 0

Operations, Investing and Financing are the three activities according to which a statement of cash flows is organized.

Cash flow refers to the net balance of cash moving into and out of a business at a specific point in time. Cash is consistently moving into and out of a business.

For example- When a retailer purchases inventory, money flows out of the business toward their suppliers.

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At the end of 2016, Splish Brothers Inc. has accounts receivable of $675,100 and an allowance for doubtful accounts of $24,370.

ikadub [295]

Answer:

Allowance for doubtful accounts $4,127

Accounts receivable $4,127

The cash realizable value of the accounts receivable before the write-off : $650,730 and after the write-off: $650,730

This is the same amount

Explanation:

a. When write-off the receivable, the amount of the Accounts receivable of Splish Brothers Inc. will reduce. The company use Allowance for doubtful accounts to write-off receiable that is not collectible.

Cash realizable value is the amount of money company expect to receive from the accounts receivable after deducting the uncollectable amount.

Cash realizable value = Accounts receivable - Allowance for doubtful accounts

Before write-off:

Cash realizable value = $675,100-$24,370 = $650,730

After write-off:

Accounts receivable = $675,100-$4,127 = $670,973

Allowance for doubtful accounts = $24,370-$4,127 = $20,243

Cash realizable value = $670,973 - $20,243 = $650,730

When the company write-off, the Accounts receivable and Allowance for doubtful accounts reduce the same amount. So, the Cash realizable value is not changed after write-off (this is the same amount before and after write-off)

7 0

3 years ago

Which three research options are examples of credible resources that give business writers accurate information?

galina1969 [7]

Answer:

- Materials published within last 10 years.

- Research articles written by respected and well known authors.

- Websites registered by government and educational institutions.

Hope this helped you.

6 0

3 years ago

dion made $67,785 Last year . express this number as a single digit times of a power of ten rounded to the nearest ten thousand

slega [8]

Answer:

7 * $10^{4}$

Explanation:

First, round 67,785 to the nearest ten thousand;

The 6 is in the ten thousands place, since it is greater than 5, it will be rounded up to 7. The number therefore becomes;

=70,000

Next, estimate the 70,000 to a single digit times a power of ten.

Maintain the 7 digit, then find a number that 10 is raised to, to get 10,000;

10^1 =10

10^2 = 100

10^3 = 1000

Therefore, 7 times 10 ^4 will give you 70,000;

70,000

= 7 * $10^{4}$

7 0

3 years ago

If Annie and Andy (each a 30 percent shareholder in a calendar-year S corporation) file a revocation statement on March 20, 2019

Natalija [7]

Answer:

January 1, 2020

Explanation:

An S corporation isalso called small business corporation. It is a type of company that shields its owners in the case of liabilities. The owners are not directly liable for obligations of the corporation.

A calenders year of a company is defined as the fiscal year in which a company makes profit and declares a profit or loss within that time frame.

If shareholders file a revocation statement on March 20, 2019, to terminate their S corporation's S election, they will have to wait till the end of the fiscal year before the S corporation is terminated.

That is on January 1, 2020.

8 0

4 years ago

What does sfb allowed mean in real estate?

topjm [15]

<span>An SFB is a small finance bank. A small finance bank differs from a commercial bank in the objectives and services they offer. Small finance banks can only accept deposits and lend to people who typically won't be served by bigger commercial banks. This can include people like small time farmers, unorganized workers, and really small businesses, etc. SFB allowed means that whatever real estate company or person you're working with accepts the use of this bank.</span>

8 0

4 years ago