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
maxonik [38]
4 years ago
13

Ocean Auto Parts Company uses the direct method to prepare its statement of cash flows. Refer to the following information repor

ted for​ 2017:1. Sales​ Revenue, $516,0002. Accounts​ Receivable, beginning​ balance, $97,0003. Accounts​ Receivable, ending​ balance, $63,000Compute the collections from customers.A.​$453,000B.​$550,000C.​$356,000D.​$160,000
Business
1 answer:
Rufina [12.5K]4 years ago
8 0

Answer:

The answer is B. $550,000

Explanation:

Collection from customers is a line item in operating activities under cash flow. It is the total amount of money business collected from customers for its sales on credit.

Beginning receivable -------$97,000

Add:

Sales revenue------------------$516,000

Less:

Ending receivable-------------$63,000

Collections from customers-- $550,000

You might be interested in
g "1. How would each of the following events change the equilibrium financial market value of a company? (a)an increase in its c
Mekhanik [1.2K]

Answer:

a. Decrease

b. Decrease

c. Decrease

d. Increase

e. Increase

Explanation:

a. When the company's cost of production increases, this reduces the amount of profits they make. A lower than expected profit margin is frowned upon in the Financial market therefore some people will sell their shares in the company which will have the effect of decreasing market value.

b. An increase in a firm's cost of financing signals an increase in the riskiness of a company. It also means that the company will be paying more on interest which will reduce profits. These 2 thing will drive some investors away thereby reducing the market value.

c. A firm's value can be found by discounting its projected sales and dividends amongst others with a certain discount rate. If a higher rate is used, the present value and hence the market value figure will be less.

d. When there is an increase in Sales revenue, it signals profitability for a company. Investors love profitable companies and will buy more of the company stock which will drive up the price.

e. Projected future profits can be used to calculate present value as well as serve as an indication of future profitability. Investors will buy more shares and drive up the market value.

3 0
3 years ago
Angus works as a dairy farmer in Minnesota. He loves his work and finds a great deal of personal satisfaction in providing the h
weeeeeb [17]

Answer:

Explicit costs are the costs which requires the money to pay.

On the other hand, implicit costs refers to the benefit that is foregone by choosing some other work or doing some other activity.

Therefore,

Explicit costs are as follows:

1. Wages pays to his hired hand

2. Buys feed for his cows.

3. Gas expense that is used in truck

Implicit costs are as follows:

1. Foregone income of $27,000 from working at a dairy plant as a technician.

2. Time taken for extracting milk from all the cows.

5 0
3 years ago
What is the difference between a monopolistically competitive demand curve and a perfectly competitive demand curve
shtirl [24]
The demand curve for a perfectly competitive firm is completely elastic and a horizontal line. Monopolistically competitive demand curve is downward sloping and is more elastic than monopoly because there are more substitutes.
4 0
3 years ago
How does an organization get the most out of its large data without
Aleks [24]

Answer:

By Focusing on Key Performing Indicators (KPIs)

Explanation:

Having large amounts of data has its <em>advantages</em> with give entities competitive advantages over rivals. These include the ability to satisfy a market need and establish changing trends in demand.

However, some firms <em>get lost in large data</em> and this is because of overwhelming amount of information and failure to focus on their industry`s Key Performance Indicators (KPIs).

5 0
3 years ago
Who is one of the first salem residents to be accused of witchcraft in this play?
KiRa [710]
N Salem Village in the Massachusetts Bay Colony, Bridget Bishop, the first colonist to be tried in the Salem witch trials, is hanged after being found guilty of the practice of witchcraft.

Trouble in the small Puritan community began in February 1692, when nine-year-old Elizabeth Parris and 11-year-old Abigail Williams, the daughter and niece, respectively, of the Reverend Samuel Parris, began experiencing fits and other mysterious maladies. A doctor concluded that the children were suffering from the effects of witchcraft, and the young girls corroborated the doctor’s diagnosis. Under compulsion from the doctor and their parents, the girls named those allegedly responsible for their suffering.

On March 1, Sarah Goode, Sarah Osborne, and Tituba, an Indian slave from Barbados, became the first Salem residents to be charged with the capital crime of witchcraft. Later that day, Tituba confessed to the crime and subsequently aided the authorities in identifying more Salem witches. With encouragement from adults in the community, the girls, who were soon joined by other “afflicted” Salem residents, accused a widening circle of local residents of witchcraft, mostly middle-aged women but also several men and even one four-year-old child. During the next few months, the afflicted area residents incriminated more than 150 women and men from Salem Village and the surrounding areas of satanic practices.

In June 1692, the special Court of Oyer and Terminer ["to hear and to decide"] convened in Salem under Chief Justice William Stoughton to judge the accused. The first to be tried was Bridget Bishop of Salem, who was accused of witchcraft by more individuals than any other defendant. Bishop, known around town for her dubious moral character, frequented taverns, dressed flamboyantly (by Puritan standards), and was married three times. She professed her innocence but was found guilty and executed by hanging on June 10. Thirteen more women and five men from all stations of life followed her to the gallows, and one man, Giles Corey, was executed by crushing. Most of those tried were condemned on the basis of the witnesses’ behavior during the actual proceedings, characterized by fits and hallucinations that were argued to have been caused by the defendants on trial.

In October 1692, Governor William Phipps of Massachusetts ordered the Court of Oyer and Terminer dissolved and replaced with the Superior Court of Judicature, which forbade the type of sensational testimony allowed in the earlier trials. Executions ceased, and the Superior Court eventually released all those awaiting trial and pardoned those sentenced to death. The Salem witch trials, which resulted in the executions of 19 innocent women and men, had effectively ended.

4 0
4 years ago
Other questions:
  • It is generally safe to provide your Social Security Number to:
    10·2 answers
  • Which of the following American groups benefited the most from China's turn toward capitalism?
    11·1 answer
  • To develop needed​ information, marketing information systems utilize​ _________.
    9·1 answer
  • If the fed increases the supply of bank​ reserves, ________.
    10·2 answers
  • A company rents office space for $10,000. The company hasn’t yet recorded payment as an expense in the financial statements beca
    15·1 answer
  • The Flapjack Corporation had 8,200 actual direct labor hours at an actual rate of $12.40 per hour. Original
    15·1 answer
  • Units to Earn Target Income Head-First Company plans to sell 5,000 bicycle helmets at $75 each in the coming year. Unit variable
    15·1 answer
  • Express the elements in pointwise which are required in employment notice​
    12·1 answer
  • 1. An engineer in 1950 was earning $6,000 a year. Today she earns $60,000 a year. However, on average goods today cost 6.6 times
    7·1 answer
  • The U.S. government agency that advises and assists small businesses by providing management training and financial advice and l
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!