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3 years ago

12

A young entrepreneur recently decided to expand his steel business into a small industrial town in Indiana. Which of the followi

ng could be a likely effect on the economy?

1 answer:

aniked [119]3 years ago

7 0

It would be adding a small business into an already small town.

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Analysis of an income statement, balance sheet, and additional information from the accounting records of Gadgets, Inc., reveals

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Answer and Explanation:

The categorization is shown below:

1 Purchase of a patent = Investing activities as it represents in a negative sign because it is a cash outflow

2 Depreciation expense Operating activities as it is added to the net income

3 Decrease in accounts receivable = Operating activities as it is added to the change in adjustments column

4 Issuance of a note payable = Financing activities as it represents in a a positive sign because it is a cash inflow

5 Increase in inventory = Operating activities as it is deducted from the change in adjustments column

6 Collection of note receivable = Investing activities as it represents in a positive sign because it is a cash inflow

7 Purchase of equipment = Investing activities as it represents in a negative sign because it is a cash outflow

8 Exchange of long term assets = Separate non cash activities note as it does not involved any cash transactions

9 Decrease in accounts payable = Operating activities as it is deducted from the change in adjustments column

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3 years ago

Addresses do not change if you copy them to a different cell

RideAnS [48]

I don’t get this answer but ok

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3 years ago

At September 24, 2016, how much in total did customers owe Bullock? How much did Bullock expect to collect and not to collect

Artemon [7]

Answer:

The question is incomplete as there were figures on which the net receivables could be computed,as a result find below complete questions and answers:

At September 24, 2016, how much in total did customers owe Bullock? How much did Bullock expect to collect and not to collect on September 24, 2016? What was the net realizable value of Bullock's receivables on September 24, 2016?

Bullock

Balance Sheet (Excerpt, Adapted)

(In Millions of $)

Sep. 24, 2016 Sep. 26, 2015

Current assets:

Cash and cash equivalents $14,801 $19,148

Short-term marketable securities $41,936 $25,598

Accounts receivable, less allowance of $69 and $97, respectively $15,941 $17,758

Inventories $2,129 $2,235

Vendor non-trade receivables $13,132 $13,906

Other current assets $8,243 $15,166

Total current assets $102,287 $107,427

Customers owed Bullock $$15941+$69=$1610

Bullock expected not to collect $69

Bullock expected to collect—net realizable value $15941

Explanation:

Bullock has already made bad debt provisions for both years as $69 and $97 respectively.In other words, these figures are the best estimates for irrecoverable debts.

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sukhopar [10]

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having a positive attitude and outlook
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