Answer:
$230,000
Explanation:
Given that,
Days sales outstanding, DSO = 23 days
Annual sales = $3,650,000
Assume that it uses a 365 day year
Accounts receivable = (Annual sales × Days sales outstanding) ÷ 365 days
= ($3,650,000 × 23) ÷ 365 days
= $83,950,000 ÷ 365 days
= $230,000
Therefore, the Baxley Brothers has $230,000 balance in its accounts receivable.
Small Business United Nations (UN) and Organization for Economic Cooperation and Development (OECD) Definition
Fewer than 500 employees
Answer:
Usher Sports Shop's cash flow from operations for 2018: $5,414,000
Explanation:
Cash at the end of the year = Cash at the beginning of the year + Cash flows from investing activities + Cash flows from financing activities + Cash flows from operating activities
Therefore:
Cash flows from operating activities = Cash at the beginning of the year + Cash flows from investing activities + Cash flows from financing activities - Cash at the end of the year
Cash flows from investing activities of ($2,150,000) <0 and cash flows from financing activities of ($3,219,000) <0.
Cash flows from operating activities = -$980,000 + $2,150,000 + $3,219,000 + $1,025,000 = $5,414,000
Answer:
Accounts Receivable - Steven Johnson; Cash; Kathy Smith, Capital; Prepaid Insurance; Supplies
Explanation:
Assets are thing you own. Therefor, this would include anything prepaid, any cash coming in, and supplies.
Answer:
1) Largest possible increase is $100 million
2) Smallest possible increase is $10 million
Explanation:
1) In order to find the largest possible increase in the money supply we need to find the money multiplier. The formula for money multiplier is 1/reserve ratio so the money multiplier is 1/0.1= 10. So if the fed conducts an open market purchase of $10 million the maximum amount that the money supply can increase is million * multiplier = 10 million *10 = $100 million, however this will only be the case if the bank decides to keep 0 excess reserves, if the bank decides to keep any excess reserves the money supply increase will be less than a $100 million.
2) The lowest amount that the money supply can increase by is $10 million because if the bank decides to keep all of this money in reserve and loan none of this than the money supply will only increase by $10 million.
