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kiruha [24]
3 years ago
13

During the year, ABC had the following cash flows: receipt from customers, $10,000; receipt from the bank for long-term borrowin

g, $6,000; payment to suppliers, $5,000; payment of dividends, $1,000, payment to workers, $2,000; payment for machinery, $8,000. What amount would be reported for net financing cash flows on the Statement of Cash Flows?
Business
1 answer:
shusha [124]3 years ago
8 0

Answer:

$5,000

Explanation:

The computation of the amount that should be reported  for net financing cash flows is shown below:

Cash flows from financing activities

Receipt from the bank for long-term borrowing $6,000

Less: dividend paid -$1,000

Net cash flows from financing activities $5,000

The positive amount represents the cash inflow and the negative amount represent the cash outflow and the same is to be considered

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Olivia is ordering trendy necklaces and earrings made with semi-precious stones from a supplier in Belize, for her city boutique
PtichkaEL [24]

Answer:

<u>b. False</u>

<u>Explanation:</u>

<em>Remember, </em>the term social responsibility in this context refers to an individual doing what would benefit society first, over any gain he may derive if he does otherwise.

For example, we are told that there is "low paying wages in Belize," which means low worker welfare, thus, even if no labor laws were been broken in his country, Olivia has a social responsibility to pay fair prices for the necklaces and earrings.

5 0
3 years ago
How do banks create money? banks create money by ______. a. printing more $20 bills b. making loans c. sending out credit cards
Anestetic [448]

Banks create cash by using lending extra reserves to buyers and businesses. This, in turn, finally provides greater to money in circulation as dollars are deposited and loaned again.

The Fed does not really print money. This is treated through the Treasury Department's Bureau of Engraving and Printing.

<h3>How is money created in the economy?</h3>

Most of the money in our economy is created by using banks, in the form of financial institution deposits – the numbers that show up in your account. Banks create new money each time they make loans. 97% of the money in the financial system today exists as financial institution deposits, at the same time as simply 3% is physical cash.

<h3>How do commercial banks create money?</h3>

Commercial banks make cash through imparting and earning activity from loans such as mortgages, auto loans, business loans, and personal loans. Customer deposits provide banks with the capital to make these loans.

Learn more about creating money here:

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3 0
2 years ago
National income accountants can avoid multiple counting by1. only counting intermediate goods. 2. only counting final goods.3. i
lubasha [3.4K]

Answer:

2. Only counting final goods

Explanation:

When defining national income accounting and terminolgies, emphasis is always laid on "...total value of FINAL goods...". This is as a result of avoiding double counting. If intermediate goods were counted alongside final goods, it would be double counting because intermediate goods are used in producing those final goods. Final goods are good meant for final consumption. The other method used in avoiding double counting ( counting of the value of the same product more than once) apart from counting final gooda is Value added approach.

4 0
4 years ago
What would you do if you can stop time
Arlecino [84]

Answer:

Tbh if I could stop the time

I would do anything to get the time back to normal since it will probably  be boring doing it yourself with no help if you know what I mean :)

Explanation:

Hoped this helped :)

5 0
3 years ago
Read 2 more answers
A company's product is taking market share from another product in the same company. this process is known as:_________
kirza4 [7]

A company's product is taking market share from another product in the same company. this process is known as Cannibalization.

<h3>What is Cannibalization in business?</h3>

In business, the phenomenon of Cannibalization occurs when a product that a company makes ends up taking the market share of another product that the same company makes.

The product that does the taking of market share is often a new product that has better qualities and so is sought after by the customers of the same company.

Find out more on product cannibalization at brainly.com/question/17772125

#SPJ1

5 0
2 years ago
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