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PilotLPTM [1.2K]
3 years ago
7

Which one of the following is a source of cash?A. decrease in inventoryB. increase in accounts receivableC. decrease in accounts

payableD. decrease in long-term debtE. decrease in common stock
Business
2 answers:
leonid [27]3 years ago
6 0

Answer:

A. decrease in inventory.

Explanation:

I did some looking and then i put together come clues then came up wit that.

swat323 years ago
4 0

Answer: A. Decrease in inventory

Explanation:

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Corporation began with retained earnings of million. Revenues during the year were ​million, and expenses totaled million. decla
lakkis [162]

Complete Question:

Cell One Corporation began 2018 with retained earnings of $ 260 million. Revenues during the year were $ 520 ​million, and expenses totaled $ 340 million. Cell One declared dividends of $ 61 million. What was the​ company's ending balance of retained​ earnings? To answer this​ question, prepare Cell One​'s statement of retained earnings for the year ended December​ 31, 2018​, complete with its proper heading.

Answer:

Cell Corporation

Statement of Retained Earnings for the year ended December 31, 2018:

                                                      $'million

Retained Earnings, Dec. 31, 2017   260

Net Income                                       180

Dividends                                          (61)

Retained Earnings, Dec. 31, 2018   379

Explanation:

a) Data and Calculations:

Beginning Retained Earnings = $260 million

Revenues during the year were $ 520 ​million

Expenses totaled                          $ 340 million

Net Income (Revenue - Expenses) $180 million

Cell One declared dividends of $ 61 million

b) Cell Corporation's Retained Earnings for the year ended December 31, 2018 is the difference between the beginning retained earnings, net income, and the amount of dividend declared during the current year.  This figure gives the amount of equity that has been retained for growing the business, which is an important internal source of corporate funding.

8 0
3 years ago
Deborah Company's account balances at December 31 for Accounts Receivable and Allowance for Doubtful Accounts were $2,100,000 an
mart [117]

Answer:

The amount of the adjusting entry for bad debts at December 31 is C. $91,000

Explanation:

Adjustment entry is made on changes on the amount of provision for doubtful debts.

Increase in amount of  provision for doubtful debts increases the expenses in income statement.

Decreases in amount of  provision for doubtful debts decreases the expenses in income statement.

Allowance for Doubtful Accounts Balance  $35,000 (cr)

Allowance during th year                             $126,000

Increase in Allowance                                   $ 91,000

$ 91, 000 increase in allowance for doubtful debts increases the expenses in Income Statement

5 0
3 years ago
karl opens a savings account with 2500.Hedeposits1500 every year into the account that has a 0.75% interest rate, compounded mon
Anastasy [175]

Answer:

28707.80 is the account balance after 10 years.

Explanation:

In his question we have two parts of the problem  the first one is a single deposit of 2500 in which we will find its future value after 10 years by using the future value formula which is Fv = Pv(1+i)^n , where

Fv is the future value after 10 years of saving the amount which we are calculating.

Pv is the present value initial investment of 2500

i is the annual interest rate which will be 0.75% x 12 = 9% as we are given a rate which is for monthly compounding.

n is the number of years the 2500 is saved up for.

Then we substitute these values to the above mentioned formula:

Fv = 2500(1 +9%)^10

Fv = 5918.41

now we will solve the second part of the question which involves 1500 deposited every year which this is an annuity part of the question where periodic payments are made constantly over 10 years for a certain future amount. which the formula is Fv = C[((1+i)^n -1)/i] , where

Fv is the future value of saving 1500 per year for 10 years

C is the periodic saving which is 1500

i is the annual interest rate of 9% as the 1500 is saved per year

n is the number of periods the 1500 is deposited for which is 10 years'

now we substitute to the above mentioned formula to find the future value:

Fv =  1500[((1 + 9%)^10 -1)/9%]

Fv =22789.39 .

now we will combine both future values to find the account balance after 10 years which will be 22789.39+ 5918.41 = 28707.80 rounded off to two decimal places.

5 0
3 years ago
What is a subcontractor
egoroff_w [7]

Answer:

business or person that carries out work for a company as part of a larger project.

Explanation:

A hun

8 0
2 years ago
After examining the records of Theta Company for the month of October, the following information is obtained: Beginning cash bal
melisa1 [442]

Answer:

the surplus of the cash is $21,000

Explanation:

The computation of the cash surplus (deficiency) for the month of October is given below:

Cash surplus is

= opening balance + cash receipt - cash payment - minimum cash balance

= $2,700 + $56,000 - $36,000 - $1,000

= $21,000

hence, the surplus of the cash is $21,000

8 0
3 years ago
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