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timurjin [86]
3 years ago
12

It is assumed that the activities of Ford Motor Corporation can be distinguished from those of General Motors because of the

Business
1 answer:
Margarita [4]3 years ago
6 0

Answer:

It is assumed that the activities of Ford Motor Corporation can be distinguished from those of General Motors because of the

Economic entity assumption.

Explanation:

The reasons behind this answer are that in the first place ford motor company allows the professionals of accounting and finance to view the states of the proprietors business transactions in a different dimension than the owner's transactions. Even though when they are not completely two different businesses. But they can be separated for accounting purposes. Unlike general motors company, that can't allow the finance and accountancy professionals to do this, because they are not interdependent.

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What financial behaviors will typically lead to a low credit score?
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How can conflicts between the interests of stakeholders be resolved by a corporation's management?
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An informal organizational network through which unofficial information flows
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The grapevine is an informal organizational communications network along with unofficial information flows quickly, if not always accurately. <span />
4 0
4 years ago
Cash Flow from Operating Activities (Indirect Method) The Arcadia Company owns no plant assets and had the following income stat
mario62 [17]

Answer:

Sales revenue $1,235,000

Cost of goods sold $871,000

Wages expense $273,000

Rent expense $54,600

<u>Utilities expense $19,500 </u>

Net income   $16,900

                                               End of Year      Beginning of Year

Accounts receivable                $83,200               $76,700       ($6,500)

Inventory                                   $78,000               $111,800       $33,800

Prepaid rent                               $10,400                 $9,100         ($700)

Accounts payable                    $28,600               $36,400       ($7,800)

Wages payable                          $11,700                  $7,800        $3,900

                           Arcadia Company

               <u>Cash flow from Operating Activities</u>

Net Income                                                                 $16,900

Adjusting entries to reconcile net income               $22,700

  • Decrease in inventory $33,800
  • Increase in wages payable $3,900
  • Increase in accounts receivable ($6,500)
  • Increase in prepaid rent ($700)
  • Decrease in accounts payable ($7,800)

Net cash flow from operating activities                  $36,900                                                                                    

 

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