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EleoNora [17]
3 years ago
10

Voluntary exchanges happen when both parties expect to

Business
1 answer:
zimovet [89]3 years ago
5 0
Voluntary exchanges happen when both parties expect to receive a gift that is better than the gift they already gave to somebody.


If your in K12, the answer is gain.


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Whispering Winds Corp. Income Statement For the Year Ended December 31, 2017 Sales revenue Cost of goods sold Operating expenses
garri49 [273]

Answer:

<h2>                Whispering Winds Corp.</h2>

              Statement of Cash Flows (Indirect Method) 2017

Cash flow from operating activities:

net income                                             $161,100

Adjustments to reconcile net income:

+ depreciation expense                         $40,160

+ loss on sale of equipment                   $2,020

Change in current assets:

- increase in accounts receivable      ($40,050)

- increase in inventory                         ($44,310)

+ increase in prepaid expenses             $1,980

Change in current liabilities:

+ increase in accounts payable             $2,580

- decrease in accrued exp. payable   ($10,070)

Net cash provided by operating activities $113,410

Cash flow from investing activities:

purchase of new equipment              ($164,450)

sale of old equipment                           $33,650

Net cash provided by investing activities ($130,800)

Cash flow from financing activities:

Proceeds from issue of new stocks     $171,150

- redemption of bonds                         ($49,180)

- dividends paid                                   ($85,680)

Net cash provided by financing activities $36,290

                          <u>Net increase in cash $18,900</u>

4 0
3 years ago
Henry wants to obtain an entry-level accounting position at a major accounting firm. Which educational degree will assist him in
PilotLPTM [1.2K]

Answer:

C. accounting specialization certificate

Explanation:

entry level position start with a short certificate in accounting

6 0
2 years ago
Read 2 more answers
"An NMS stock is current quoted at $16.10 Bid - $16.30 Ask. A customer wishes to place an order to buy 1,000 shares of the stock
slega [8]

Answer:

"An NMS stock is current quoted at $16.10 Bid - $16.30 Ask. A customer wishes to place an order to buy 1,000 shares of the stock at $16.111. The registered representative should:"

buy the 1,000 shares of NMS stock when the price is $16.111 or below.

Explanation:

This order by the customer is a limit order.  It indicates the price at which the registered representative should buy the stock of NMS.  A limit order means that the order can only be filled at the specific price or better (below the limit).  It is not like a stop order which triggers at the specified price and will then be filled at the prevailing market price, whether it is below or above the stated price.

4 0
3 years ago
Assume that the custodian of a $450 petty cash fund has $57.10 in coins and currency plus $387.00 in receipts at the end of the
postnew [5]

Answer:

e a debit to cash for 396.50

7 0
3 years ago
Biltz Company uses a predetermined overhead rate based on direct labor hours to allocate manufacturing overhead to jobs. During
strojnjashka [21]

Answer:

Underapplied overhead= $109,500

Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate=  525,000 / 150,000

Predetermined manufacturing overhead rate=  $3.5 per direct labor hour

<u>Now, we can allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 3.5*135,000

Allocated MOH= $472,500

<u>Finally, the under/over applied overhead:</u>

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 582,000 - 472,500

Underapplied overhead= $109,500

8 0
2 years ago
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