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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

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Ocean City Kite Company sells kites for $11.50 per kite. In FY 2019, total fixed costs are expected to be $250,000 and variable
Dmitry_Shevchenko [17]

Answer:

40,000 kits

Explanation:

The computation is shown below:

Number of kits required to be sold to meet the goal = Total Contribution Margin Required ÷ Contribution Margin per Unit

where,

Total contribution margin required is

= Total fixed cost + operating income

= $250,000 + $90,000

= $340,000

And, the

Contribution Margin per Unit = Selling Price per Unit - Variable Cost per unit

= $11.50 - $3

= $8.50

So, the number of kits required is

= $340,000 ÷ $8.50

= 40,000 kits

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3 years ago
Do you think the efforts of Brazil's government to keep the economy growing will e successful
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3 years ago
Crane Company has a unit selling price of $500, variable costs per unit of $260, and fixed costs of $184,800. Compute the break-
Ostrovityanka [42]

Answer:

Break-even point in units= 770

Explanation:

Giving the following information:

Selling price= $500

Unitary variable cost= $260

Fixed costs= $184,800

<u>To calculate the break-even point in units using the mathematical equation, we need to use the following formula:</u>

<u></u>

Net income= unit contribution margin*x - fixed costs

x= number of units

0= (500 - 260)*x - 184,800

184,800/240 = x

770=x

<u>Now, under the unit contribution margin method:</u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 184,800/240

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5 0
3 years ago
_________________ based vpns are appropriate when the endpoints are controlled by different organizations and network administra
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3 years ago
The PC Works assembles custom computers from components supplied by various manufacturers. The company is very small and its ass
Setler [38]

Answer:

1.The cost of a hard drive installed in a computer = Direct Material Cost

Explanation:

Direct Material relates to the basic inputs required to make the final good.

Here, for the information it is provided that, PC Works assembles custom computers, which are supplied by various manufacturers.

Since the main business of PC Works is to assemble the computers, installing a hard disk will be the main component of service, thus, It is part of direct material.

5 0
3 years ago
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