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mr Goodwill [35]
3 years ago
7

During the year, a company had the cash flows listed below. What was the total net cash flow for the year? Cash inflow from oper

ating activities $102,000 Cash outflow from investing activities 73,200 Cash outflow from financing activities 38,400 Cash outflow from nonoperating activities 33,600 A. Cash outflow of $68,400 B. Cash inflow of $216,800 C. Cash inflow of $136,800 D. Cash outflow of $9,600 E. None of the above
Business
1 answer:
monitta3 years ago
5 0

Answer:

E. None of the above

Explanation:

We must substract the ouflows from the inflows:

Cash inflow from operating activites               $102,000

Cash outflow from non-operating activities    ($33,600)

Cash outflow from investing activities             ($73,200)

Cash outflow from financing activities             ($38,400)

Total net cash flow                                            ($43,200)

Cash outflows from non-operating activities is category under which outflows from financing and investing activities fall. In this question, this category is included both in aggregated and disaggregated for. This would not make much sense is a balance sheet, but in order to solve the question correctly, it must be taken into account.

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Dec. 1 Merchandise with a list price of $4,700 is purchased on account, terms FOB shipping point, 1/10, n/30. The seller prepaid
spayn [35]

Explanation:

The Journal entry is shown below:-

a. Merchandise inventory Dr,       $4,700

          To accounts payable                 $4,700

(Being Purchase of merchandise is recorded)

b. Accounts payable Dr,                $1,600

           To Merchandise inventory       $1,600

(Being Return of merchandise is recorded)

c.  Accounts payable Dr,                $3,100

             To Merchandise inventory        $31

                                                           ($3,100 × 1%)

              To cash account                        $3,069

(Being the amount paid)

5 0
2 years ago
Assume that Jack, Hal, and Sophia enter into a valid contract for the sale of the restaurant and for a covenant not to compete.
Iteru [2.4K]

Answer: Option (B)

Explanation:

Condition subsequent clause is referred to as an exit clause from the existing contract. This agreement in between the parties tends to include languages that loosens or frees one of individuals from the agreement or the deal. This tends to mostly occur when the conditional outcome or result takes place. The conditional subsequent relieves an individual or a party from all the obligations.

4 0
3 years ago
As they apply to business conduct and business decisions, ethical principles A. A) deal chiefly with a company's standards about
bazaltina [42]

Answer: B. D) are not materially different from ethical principles in general.

Explanation:

Ethical Principles are Ethical Principles. It doesn't really matter what context they are being applied to for they are a standard thing with reference of course, to the society the business is based in. For this reason Business Ethics are not materially different from general ethics.

Business Ethics are usually a reflection of the norms and cultures of the society they are based in. Think of it like this, if a company is based in a certain place and adheres to principles that are different from what is considered ethical in that society, do you think that company will be very profitable? I think not. Business Ethics are therefore based on General ethics with an immaterial difference.

5 0
3 years ago
In his​ report, Wade described the strengths and weaknesses of each of his subordinates. He made a note of their past performanc
elixir [45]

Answer:

Written essay

Explanation:

Written essay method is an approach of performance appraisal, where appraiser prepare a written statement about the strength and weekness of employee to appraise their performance, these strength and weekness are evaluated on the basis of past performance at the employment. It also suggest solution for performance improvement. It is one of the effective method of performance appraisal, however, it is time consuming.

In the given case, Wade have described strength and weekness of  each subordinates and also suggested technique to improve performance, therefore, wade is using Written essay method of performance appraisal.

6 0
3 years ago
Accounts receivable from sales to customers amounted to $40,000 and $32,000 at the beginning and end of the year, respectively.
natima [27]

Answer:

a. $118,000

Explanation:

When preparing a cash flow statement, using indirect method we add decrease in current assets and we deduct increase in current assets.

Here it is provided that income reported = $110,000

Opening balance of accounts receivables = $40,000

Closing balance of accounts Receivables = $32,000

Change in Accounts receivables = Closing - Opening = $32,000 - $40,000 = - $8,000

Therefore there is decrease in accounts receivables which is a current asset.

Thus Cash Flow from operating activities

Net Income = $110,000

Add: Decrease in current assets = $8,000

Net cash flow from operating activity = $118,000

Correct option is

a. $118,000

6 0
3 years ago
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