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lys-0071 [83]
1 year ago
6

Assume the perpetual inventory system is used. 1) Green Company purchased merchandise inventory that cost $65,300 under terms of

2/10, n/30 and FOB shipping point. 2) Green Company paid freight cost of $2,530 to have the merchandise delivered. 3) Payment was made to the supplier on the inventory within 10 days. 4) All of the merchandise was sold to customers for $96,600 cash and delivered under terms FOB destination with freight cost amounting to $1,730. What is the net cash flow from operating activities that results from these transactions? show your detail calculation: Cash inflow and cash outflow
Business
1 answer:
aliina [53]1 year ago
6 0

Based on the perpetual inventory system, the payment for inventory, and the freight costs, the net cash flow from operating activities is $28,346

<h3>How to find the net cash flow?</h3>

The net cash flow for Green Company from its various transactions and using the perpetual inventory system can be found by the formula:

= Cash inflow from sales to customers - Cash outflow for freight cost - Cash outflow for freight cost to customers - Cash outflow for payment to supplier in ten days

The net cash flow from operating activities is therefore:

= 96,600 - 2,530 - 1,730 - (65,300 x (100% - 2%))

= 96,600 - 2,530 - 1,730 - 63,994

= $28,346

Find out more on net cash from operating activities at brainly.com/question/15870707

#SPJ1

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C. Less than the variance of each asset, except when the two assets are perfectly positively correlated.

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You are the HR manager for a fifty-person firm that specializes in the development and marketing of plastics technologies. When
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3 years ago
Select the correct answer from each drop-down menu.
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Answer:

1. Technical improvements cause production costs to decline, which causes supply to increase and prices to decrease.

2. Decreased unemployment causes consumer incomes to increase which causes demand to increase and hence price to increase.

Explanation:

Demand refers to a consumer's desire to purchase a particular good or service at a given time for a specific price. Supply on the other hand, is the willingness of a producer to produce a particular good or service at a given time for specific price.

1. Production cost is a factor that influences supply. For example, cost of labor or raw material cost. When production costs fall, more products can be produced at a lesser cost. Hence'

  1. The supply curve shifts right from S1 to S2.
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2. When unemployment decreases, it means that more people are working in the economy and hence their incomes are also higher. This means there is a higher purchasing power and also higher demand for products. Hence,

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7 0
3 years ago
Patton has acquired several other companies. Assume that Patton purchased Kate for $ 6 comma 000 comma 000 cash. The book value
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Answer:

1. $2,000,000

2. <u>Accounting Entry</u>

<em>Assets $17,000,000 (debit)</em>

<em>Goodwill $2,000,000 (debit)</em>

<em>Liabilities $13,000,000 (credit)</em>

<em>Investment in Kate $6,000,000 (credit)</em>

Explanation:

The Acquisition of Kate must be done at the fair value of Assets and Liabilities at the acquisition date instead of book values.

Goodwill is the excess of the Purchases Price over the Net Identifiable assets acquired.

<u>Calculation of Goodwill :</u>

Purchase Price                                                     $6,000,000

Less Net Identifiable Assets

Assets at Fair Value                  $17,000,000

Less Liabilities at Fair Value    ($13,000,000)   ($4,000,000)

Goodwill                                                                $2,000,000

<u>Accounting Entry</u>

Assets $17,000,000 (debit)

Goodwill $2,000,000 (debit)

Liabilities $13,000,000 (credit)

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2. Research on careers

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3. Set career objectives

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4. Learn and improve skills

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