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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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Colorado Mountain Mining paid $ 896,900 for the right to extract mineral assets from a 500,000​-ton deposit. In addition to the
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Answer:

(a) The asset would be recorded in accordance to IAS 16 Property, plant & equipment.

Dr  Mining Asset   896,900

Cr       Bank                     896,900

(b) IAS 16 says that the costs incurred to make the asset ready for use must be capitalized as part of the asset. This means the license fee $1000 filing fee, License fee $2100 and $50,000 amount paid for geological survey must be capitalized. So the entry is as under:

Dr Mining asset (1k+2.1k+50k) $53,100

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(c) This assets must be depreciated on the basis of tons of minerals extracted which is 60 thousands tons in the first year.

Depreciation Expense = (60k tons / 500k tons)   * (Total capitalized cost)

=(60,000/500,000) * (896,900+53,100) = $108,000

The Double entry of Depreciation Expense would be as under:

Dr Depreciation Expense  $108,000

Cr                Accumulating Depreciation  $108,000

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2 years ago
Lok Co. reports net sales of $4,970,000 for Year 2 and $8,532,000 for Year 3. End-of-year balances for total assets are Year 1,
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Answer:Assets turnover ratio Year 2 =2.87 times

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The total assets turnover is calculated as  = Net Sales / Average total assets

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Average total assets = (Beginning assets + Ending Assets) / 2

Average total assets for Year 2 = ($1,684,000 +$1,780,000)/ 2 =$1,732,000

Average total assets for Year 3 = ($1,780,000 + $1,949,000 )/2 =$1,864,500

Assets turnover ratio Year 2 =$4,970,000 / $1,732,000 = 2.87 times

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Correct answer: "<span>C. a situation in which quantity demanded is greater than quantity supplied"

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</span>Example: when the need for food in a certain village is greater than what is supplied or produced in that village, there a shortage of food. 
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The organization must first understand what skills are needed to effectively respond to an incident. If necessary, management mu
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the organization needs the right individuals with said skills to tackle the incident properly

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