1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andru [333]
3 years ago
8

Accounts receivable arising from sales to customers amounted to $40,000 and $55,000 at the beginning and end of the year, respec

tively. Income reported on the income statement for the year was $180,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is _________.
Business
1 answer:
Goryan [66]3 years ago
4 0

Answer:

$165,000

Explanation:

The computation of the cash flows from operating activities is shown below:

Cash flow from operating activities

Net income reported for the year = $180,000

Less: Increase in account receivable -$15,000 ($40,000 - $55,000)

Cash flow provided by operating activities $165,000

Since there is a $15,000 increase in account receivable and the same is deducted from net income so that the correct amount could arrive

You might be interested in
A mother who purchases a new pair of shoes for her 4 year old child can be considered a consumer, but not a customer. true or fa
Sedaia [141]
The answer is false because a customer is a person that buys goods or services from a store of business.  
4 0
3 years ago
Determine whether each policy below is good or bad cash management; then identify the cash management strategy violated or follo
sertanlavr [38]

Answer: Please refer to Explanation.

Explanation:

a. The company regularly follows up with customers who pay late.

This is GOOD.

Cash Management Strategy - Collection of Accounts Receivables on time to maintain cash balance.

b. Excess cash is put into short-term investments to earn extra income.

This is GOOD.

Cash Management Strategy - Earning extra income on idle cash by investing in short-term liquid investments.

c. Cash receipts and cash payments are regularly planned and reviewed.

This is GOOD.

Cash Management Strategy - Cash Planning to establish a correct balance between payments and receipts.

d. Rarely used equipment is rented rather than purchased.

This is GOOD

Cash Management Strategy - Saving money by spending economically only when needed.

e. Bills are paid as soon as they are received.

This is BAD

Cash Management Strategy - Paying bills when due to ensure that operating cash balance is maintained at a healthy level.

If you need any clarification do comment.

Cheers.

6 0
3 years ago
Determinants of market interest rates
ollegr [7]

Answer:

1. Real risk-free rate.

2. Nominal risk free-rate.

3. Inflation premium.

4. Liquidity risk premium.

5. Liquidity risk premium.

6. Maturity risk premium.

Explanation:

Market interest rates can be defined as the amount of interests (money) paid by an individual on deposits and other financial securities or investments. The factors that typically affect the market interest rate known as the determinant of market interest rates are;

1. This is the rate on short-term U.S. Treasury securities, assuming there is no inflation: Real risk-free rate r*

2. It is calculated by adding the inflation premium to r*: Nominal risk free rate.

3. This is the premium added to the real risk-free rate to compensate for a decrease in purchasing power over time: Inflation premium.

4. This is the premium added as a compensation for the risk that an investor will not get paid in full: Liquidity risk premium.

5. This premium is added when a security lacks marketability, because it cannot be bought and sold quickly without losing value: Liquidity risk premium.

6. This is the premium that reflects the risk associated with changes in interest rates for a long-term security: Maturity risk premium.

7 0
3 years ago
Please help me asap. Will give brainliest answer too.
S_A_V [24]
An example is clothes. A younger teenager might want to show more skin and want all the cool new styles but older people generally just want to wear comfortable durable clothes. I hope that helps
8 0
3 years ago
The U.S. service economy: a. is easily distinguishable from manufacturing firms. b. accounts for a significant portion of the U.
Nataly [62]

Answer:

b. accounts for a significant portion of the U.S.'s economic output

Explanation:

  • The U.S economy is an economy where the main economic activity is the provision of the services rather than the manufacturing of goods and based on the growth of the services. And it accounts for a large shares of the U.S economic output of trade and commerce.
5 0
3 years ago
Other questions:
  • On July 1, Shady Creek Resort borrowed $340,000 cash by signing a 10-year, 9% installment note requiring equal payments each Jun
    14·1 answer
  • Psychological research involves studying a sample of participants in order to draw conclusions about the population from which t
    6·1 answer
  • On June 1, 2020, Smith sold equipment to Landing Inc. in exchange for a zero-interest bearing note with a face value of $110,000
    13·1 answer
  • True entrepreneurs: a.hire professional managers to run their businesses. b.are professional managers whose job is running someo
    13·1 answer
  • Innove Tech is a technological firm that wants to build a global service delivery system. It has consulted a larger firm, Ziff C
    12·1 answer
  • Moody Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the be
    10·1 answer
  • On December 31, 2018, the unadjusted balance in Prepaid Insurance was $2580. This was the amount paid in the middle of the year
    14·1 answer
  • If Colombia spends 2 hours producing coffee and 6 hours producing oranges, and Cuba spends 3 hours producing coffee and 1 hour p
    15·1 answer
  • Why do we have to pay
    13·1 answer
  • In general, economists define a recession as ______ or more consecutive three-month periods of decline in a country's gdp.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!