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Sindrei [870]
3 years ago
13

Accounts receivable arising from sales to customers amounted to $80,000 and $70,000 at the beginning and end of the year, respec

tively. Income reported on the income statement for the year was $280,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is a. $280,000. b. $290,000. c. $350,000. d. $270,000.
Business
1 answer:
vichka [17]3 years ago
5 0

Answer:

b. $290,000

Explanation:

The computation of the cash flows from operating activities to be reported on the statement of cash flows is shown below:

= Net income reported on the income statement + decrease in account receivable

where,

Net income reported = $280,000

And, the decrease in account receivable is $10,000 ($70,000 - $80,000)

So, the cash flow from operating activities

= $280,000 + $10,000

= $290,000

The decrease in account receivable implies that more cash is come so it would be added and the same is shown above

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Which of the following events will directly cause the U.S. money supply to rise by $400 million?
sammy [17]

Answer:

b. The Federal Reserve purchases $400 million of T bills from dealers

Explanation:

The money supply is the amount of money in circulation measured by narrow money (MO) and broad money (M4). This is related with the increase in the money supply in the economy.

8 0
3 years ago
The estimated unit costs for a company to produce and sell a product at a level of 15,000 units per month are as follows:Cost It
Lesechka [4]

Answer:

Estimated variable costs per unit=$86.

Option A is correct ($86.00)

Explanation:

Variable cost are those which changes with the activity level. These costs are help in making decision because if we talk about fixed costs, fixed costs do not help in making decisions as they are sunk costs. Management uses variable costs for making the decisions.

Estimated variable costs per unit= Direct material+Direct labor+Variable manufacturing overhead+Variable selling expenses

Estimated variable costs per unit=$38+$23+$21+$4

Estimated variable costs per unit=$86.

Option A is correct ($86.00)

7 0
3 years ago
At the beginning of 2019, Emily Corporation issued 10,000 shares of $100 par, 5%, cumulative, preferred stock for $110 per share
soldi70 [24.7K]

Answer:

 $1,500

Explanation:

The computation of the amount of dividend for a preference shareholder is shown below:

Dividend per year is

= (100 shares × $100 par) × 5%

= $500

As the preferred stock is cumulative, so the holders would receive past dividends i.e not distributed

From 2019 = $500

From 2020 = $500

From 2021 = $500

Total          $1,500

7 0
3 years ago
The maximum distance people are willing to travel for a service is
ladessa [460]

Answer:

Range

Explanation:

Range is the term which is used to describe the maximum distance which the consumers or customers are prepared or willing to travel in order to acquire the goods or to use a service.

It is because at some point, the expense or the inconvenience which will outweigh the requirement of the good.

And there are two types of range, one is small rage and other is large range.

Small range is the range which the people are willing to go only a distance which is short for the everyday consumers services like the pharmacies, grocery. While the large range is the range which will people travel the longer distances for the other services like ball game.

6 0
3 years ago
1- The Lo Tech Co. just issued a dividend of $2.30 per share on its common stock. The company is expected to maintain a constant
Alex
<span>1- The company’s cost of equity is 12.34%. The answer is letter c.
2- The bank’s cost of preferred stock is 6.10%. The answer is letter a.
3- The pretax cost of debt is 7.60%. The answer is letter c.
4- The Mullineaux Corporation WACC is 10.02%. The answer is letter b.
5- The company's WACC is 10.53%. The answer is letter c.
6- The company’s WACC is 8.20%. The answer is letter a.

</span>
4 0
3 years ago
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