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3 years ago

The indirect and direct methods:

Business

2 answers:

Dmitriy789 [7]3 years ago

6 0

Answer:

The indirect and direct methods:

A) Are two allowable methods to present operating activities in the statement of cash flows.

Explanation:

The option A is correct as these two different methods of cash flows are used by different companies and businesses to determine their cash flows.
The option B is incorrect as they don't affect the presentations of operating, investing and financing activities but only limited to cash flows.
The option C is incorrect as indirect method of cash flow is mostly used by the companies as compared to the direct method as direct method take large amount of time.
The option D is incorrect as net cash flow remains the same.

tia_tia [17]3 years ago

5 0

Answer A

Explanation im sure because i got a 100 on my test

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Zully has obtained an SBA loan to start a new business in her town. She has an arrangement with Ford Motor Company to be the exc

Darya [45]

Answer:

Zully most likely has a manufacturing franchise

Explanation:

Based on the scenario being described within the question it can be said that Zully most likely has a manufacturing franchise. This is a franchising agreement in which the franchiser gives a manufacturer the right to produce and sell their products while also using their name and brand. Which is exactly what Zully is doing by selling Ford Vehicles.

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2 years ago

______ consists of a set of techniques and principles for systematically collecting, recording, analyzing, and interpreting data

Mademuasel [1]

Answer:

The correct answer is option A.

Explanation:

Marketing research refers to the set of techniques and principles for systematically collecting, recording, analyzing, and interpreting data that can aid decision-makers involved in marketing goods, services, or ideas.

It involves a number of steps such as defining the objectives and research needs, designing the research, collection of data.

Marketing research is helpful in making decisions related to marketing goods, services and ideas.

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2 years ago

If there is no written designated agency relationship, a client of Meramac Realty has what kind of relationship with Meramac

LuckyWell [14K]

Answer: c. A nonagency relationship with everyone in the office.

Explanation:

For an agency relationship to exist in the eyes of the law, there must be a contract with a written designated agency relationship between the client and Meramac Realty.

With no such contract in existence, the law recognizes no agency relationship between Meramac and any of its affiliates with the client. There is therefore a non-agency relationship with everyone in Meramac.

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2 years ago

Prior period adjustments are reported in the: Multiple Choice Multiple-step income statement. Statement of cash flows. Single-st

beks73 [17]

Answer:

Statement of retained earnings.

Explanation:

The prior period adjustment refers to the adjustment in which there is an accounting error in the previous period and i.e to be reported in past year period but now it would be corrected in the financial statement. This adjustment we called prior period adjustment

Moreover, it should be reported in the statement of retained earnings

Hence, the second last option is correct

3 0

3 years ago

On January 1, 2019, Wasson Company purchased a delivery vehicle costing $40,000. The vehicle has an estimated 6-year life and a

ELEN [110]

Answer:

option (A) $29,920

Explanation:

Data provided in the question;

Purchasing cost = $40,000

Estimated life = 6 years

Salvage value = $4,000

Estimated driving life = 100,000

Vehicle driven in total till 2020 = 10,000 + 18,000 = 28,000

Now,

Using the units-of-production depreciation method

Total depreciation till 2020 = $\frac{\textup{Purchasing cost - Salvage value}}{\textup{Estimated driving life}}\times\textup{Total distance driven}$

Total depreciation till 2020 = $\frac{\textup{40,000 - 4,000}}{\textup{100,000}}\times\textup{28,000}$

Total depreciation till 2020 = $10,080

Thus,

Book value on December 31, 2020 = Purchasing cost - Depreciation

= $40,000 - $10,080

= $29,920

Hence,

The correct answer is option (A) $29,920

5 0

2 years ago