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hodyreva [135]
4 years ago
8

Selected Information from Balance Sheets (As of Year End for Years 0 and 1)

Business
1 answer:
bonufazy [111]4 years ago
7 0

Answer:

Cash flow from operating activities = $1,000

Explanation:

                              Statement of Cash flow

<u>Cash from Operating activities</u>

Net Income                                         $3,000

+ Depreciation                                    $2,000

+ Loss from sales of PPE                    $1,000

<u><em>Adjustment on Working capital</em></u>

Increase in accounts receivables     -$4,000

(1,000 - 5,000)

Decrease in Inventory                        $1,000

(5,000 - 4,000)

Decrease in Account payable           -$1,000

(4,000 - 5,000)

Decrease in unearned revenue        <u>-$1,000</u>

(1,000 - 2,000)

Cash flow from operating activities <u>$1,000</u>

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An effective vision stretches and challenges people and can result in increased innovation as illustrated by Apple's CEO Steve J
sergey [27]

Answer:

True

Explanation:

A vision is something that can be seen so that will people can be motivated to move towards it. An effective vision is a vision that has a direction, clear, purposeful, challenging, unique and inspiring to people working towards the vision.

Important characteristics of an effective vision is that it be purposeful and challenging. An effective vision is said to be purposeful when it the organisation and its people derive a a larger sense of purpose from it making them to feel as part of something bigger. An effective vision is challenging when it challenges, stretches and sets a high standard for the company.

Therefore, an effective vision stretches and challenges people and can result in increased innovation as illustrated by Apple's CEO Steve Jobs.

6 0
4 years ago
Describe a strategy for handling unethical practices
Misha Larkins [42]

Answer:

Don't Take Action without Evidence. Before you do anything, you need to make sure you know the facts. ...

Follow Company Procedure. If you can, you should follow company procedure on reporting unethical behavior. ...

When the Issue Goes Beyond Being Unethical. ...

Consider Going Elsewhere.

Explanation:

I dunno if my answer can help you ill just try to help, I hope my answer can help you!

8 0
3 years ago
On January 1, Year 1, Beatie Co. borrowed $200,000 cash from Central Bank by issuing a five-year, 6 percent note. The principal
harkovskaia [24]

Answer:

Amortization Schedule is attached with answer please find it.

Explanation:

Loan Payment includes the the principal and interest payment for the period. First we calculate the interest portion in the payment and then residual amount after deducting the interest portion is considered as the principal payment.

In this question the loan payment of $47,479 includes the Interest payment and principal payment as well, which is shown separately in the schedule.

4 0
3 years ago
Below is the production possibilities frontier for Japan. It shows that Japan is able to produce either 80 bottles of milk or 50
Stells [14]

Answer and Explanation:

The computation of the number of bottle of milk will the country at the end of the exchange is shown below:

The Number of milk bottles Japan is presently producing is 60 bottles

The Number of milk bottles  Japan trades with another country is  30 bottles

So,  

The Number of Milk bottles left with Japan after doing an exchange is

= 60 - 30

= 30 bottles

Also,

The Number of egg cartons Japan is presently producing is 12

The Number of egg cartons Japan trades with another country is 30

So,  

Number of eggs cartons left with Japan after considering an exchange is

= 12 + 30

= 42 cartons

3 0
3 years ago
On August 1, 2021, Turner Manufacturing lends cash and accepts a $16,000 note receivable that offers 10% interest and is due in
professor190 [17]

Answer:

31 Dec 2021  Interest Expense              $667 Dr

                           Interest Payable                 $667 Cr

Explanation:

The bond will pay the interest at maturity. However, following the accrual basis of accounting requires to match the revenue and expenses for a period and requires such transactions to be recorded in their respective periods. The year end adjusting entry will be made on 31 December 2021.

The interest expense for the period from August to December, 5 months, will be recorded on 31 December 2021 as interest expense and credit to interest payable.

The interest expense is = 16000 * 0.1 * 5/12  =  $666.67 rounded off to $667

3 0
3 years ago
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