1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
blondinia [14]
3 years ago
13

Blue Corporation had the following 2017 income statement. Revenues $102,000 Expenses 65,000 $37,000 In 2017, Blue had the follow

ing activity in selected accounts. Accounts Receivable 1/1/17 22,000 Revenues 102,000 12/31/17 25,000 Write-offs 1,000 Collections 98,000 Allowance for Doubtful Accounts Write-offs 1,000 1/1/17 1,300 Bad debt expense 2,000 12/31/17 2,300 (a) Prepare Blue’s cash flows from operating activities section of the statement of cash flows using the direct method.

Business
1 answer:
nalin [4]3 years ago
8 0

Answer:

Cash provided by operating activities =$28,700.

Explanation:

Look at attachment for step by step guide.

You might be interested in
Enterprising people will make good office workers.<br> A.True<br> B. False
vaieri [72.5K]

Answer:

A.True

Explanation:

Enterprising means having or showing initiative and resourcefulness making it helpful in a office.

4 0
2 years ago
Read 2 more answers
With disability income insurance, benefits usually begin:
vladimir2022 [97]
Between 30 and 90 days after the disability occurs
4 0
3 years ago
Read 2 more answers
An operations manager is performing a factor-rating analysis to help her choose an outsourcing provider. She is focusing on thre
andreev551 [17]

Answer:

30.8

Explanation:

The solution of factor-rating score for Ling Services is provided below:-

Factor-rating score = (Weight for Factor A × Rating for Factor A) + (Weight for Factor B × Rating for Factor B) + (Weight for Factor C × Rating for Factor C)

= (0.50 × 30) + (0.20 × 46) + (0.30 × 22)

= 15 + 9.2 + 6.6

= 30.8

So, we have calculated the factor-rating score for Ling Services by using the above formula.

8 0
3 years ago
Job 101 was completed and sold for $60,000. Job 102 was completed but not sold. Job 103 is still in process. Actual overhead cos
castortr0y [4]

Answer:

Required 1

Debit : Finished Goods  $53,600

Credit : Work In Process $53,600

Required 2

Debit : Cash $60,000

Debit : Cost of Goods Sold $55,000

Credit : Sales $60,000

Credit : Finished Goods $55,000

Required 3

Debit : Overheads $4,000

Credit : Cost of Sales $4,000

Explanation :

Hi, I have attached the full question as a pdf below

<u>Manufacturing Costs Calculations :</u>

Job 101  = $19,200 + $28,800 + ($420,000/60,000 x1,000) = $55,000

Job 102  = $14,400 + $11,200 + ($420,000/60,000 x4,000) = $53,600

<u>Closing Overheads :</u>

Actual Overheads = $45,000

Applied Overheads = $420,000/60,000 x 7,000 hours = $49,000

Therefore,

Overheads are over-applied ( by $4,000) and must be deducted from cost of sales

Download pdf
7 0
3 years ago
Explain how a seller can determine whether the demand for his or her good is inelastic, elastic, or unit elastic between two pri
patriot [66]

Answer:

by calculating the elasticity of demand.

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.  

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.  

Explanation:

8 0
3 years ago
Other questions:
  • T-bills are offered in what monetary increment? $1 $10 $100 $1000
    10·1 answer
  • When a company collects the face value of a​ long-term investment in bonds at​ maturity, ________.
    8·1 answer
  • According to economists, when two people make the exactly opposite decision:
    14·1 answer
  • A car dealer wants to get rid of the stock of last year's model. Assume that the dealer knows from past experience that the pric
    9·2 answers
  • Friendly’s Quick Loans, Inc., offers you "eight for ten or I knock on your door." This means you get $8 today and repay $10 when
    13·1 answer
  • Rachelle owns a warehouse that she purchased in September, 19 years ago. The purchase price was $400,000. During May of the curr
    5·1 answer
  • (Cash dividends) Marshall Pottery Barn is a privately owned importer of Mexican pottery and garden supplies. The firm plans on p
    15·1 answer
  • Burnett Corp. pays a constant $8.75 dividend on its stock. The company will maintain this dividend for the next 10 years and wil
    14·1 answer
  • The particular market segment your company is trying to sell your products or services to is your _________.
    9·1 answer
  • If there is a recession, graduates will find it more difficult to find a job because?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!