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valentina_108 [34]
3 years ago
8

Which of the following would result if the business purchased supplies on credit? A)Supplies would increase, and Cash would decr

ease.
B)Supplies would increase, and Accounts Payable would increase.
C)Supplies would increase, and Capital would increase.
D)The purchase of supplies isn't a business transaction.
Business
1 answer:
klasskru [66]3 years ago
3 0
I think the answer is C
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Blue Spruce Corp. reported net income of $194,740 for 2022. Blue Spruce Corp. also reported depreciation expense of $36,900 and
Svetlanka [38]

Answer:

Blue Spruce Corp

Statement of Cash Flows for the year ended December 31, 2022

Operating activities section:

Net income                                          $194,740

add non-cash flow items:

    Depreciation expense                      36,900

    Loss on disposal of plant assets     54,030

Adjusted operating income             $285,670

Working capital changes:

Increase in accounts receivable         (15,650)

Increase in accounts payable              15,880

Increase in prepaid expenses             (4,250)

Net cash from operating activities $281,650

Explanation:

a) Data and Calculations:

Reported 2022 net income = $194,740

Depreciation expense = $36,900

Loss on disposal of plant assets = $54,030

Increase in accounts receivable = $15,650

Increase in accounts payable $15,880

Increase in prepaid expenses $4,250

b) The operating activities section is one section of the Statement of Cash Flows.  It shows the cash inflows and outflows from Spruce's normal business activities.  Other sections of Spruce's Statement of Cash Flows that show activities outside operating activities are the investment activities section and financing activities.

7 0
3 years ago
A group of fifty homeschooling parents in New Jersey get together and form a nonprofit membership organization for the purpose o
Furkat [3]

Answer: Cooperative

Explanation:

A cooperative is an independent association of people united voluntarily in order to meet their common economic, cultural and social needs and through a jointly owned enterprise.

A cooperative society is a group of people who possess specific common needs. The purpose of a cooperative society is to improve the economic status of its members. Cooperative societies usually offer their products to their members at a discount.

4 0
3 years ago
A factory machine was purchased for $216000 on January 1, 2022. It was estimated that it would have a $40000 salvage value at th
Gelneren [198K]

Answer:

b. $17600

Explanation:

The computation of the amount of depreciation expense for the year 2022 is shown below:

But before that first we have to find out the per hour rate which is

Units-of-production method:

= (Original cost - residual value) ÷ (estimated production)  

= ($216,000 - $40,000) ÷ (55,000 hours)

= ($176,000) ÷ (55,000 hours)  

= $3.2 per hour

Now for the 2022 year, it would be  

= Machine runs in 2022 year × depreciation per hour

= 5,500 hours × $3.2

= $17,600

5 0
3 years ago
An organization expresses its reason for being, what it aspires to be, and the values it wants to emphasize in its mission, visi
Tomtit [17]

Answer:

1. Describes the image the organization wants to project

Statement: Mission Statement

2. Inspires enthusiasm and encourages commitment

Statement: Vision Statement

3. Illuminates the organization’s attitude toward its employees

Statement: Mission Statement

4. Is intended to guide all of the actions in the organization

Statement: Values Statement

5. Is easily understood and well-articulated

Statement: Vision Statement

6. Outlines the organization’s customer base

Statement: Mission Statement

7. Expresses the company’s worldview

Statement: Values Statement

8. Is appropriate for the times and for the organization

Statement: Vision Statement

9. Limits itself to a small number that employees can recall when making decisions

Statement: Values Statement

10. Articulates the geographical locations where the company competes

Statement: Mission Statement

11. Unchanging; As applicable in 100 years as it is today

Statement: Values Statement

12. Reflects high ideals

Statement: Vision Statement  

8 0
3 years ago
Fabian’s factory produces and sells computers and gaming consoles. Over time, he determined that he could produce gaming console
Alona [7]

Answer:

D. Opportunity cost.

Explanation:

  • Based on the question, the only information we have to know what led Fabian's decission is the fact that it is <u>more profitable for him to produce gaming consoles than computer systems.</u>
  • Then, for him, it is costly to produce computer systems in terms of the earnings he would set aside if he does not produce gaming consoles (because he is producing  computer systems instead).
  • Then, the opportunity cost of producing computer systems it is high: he could be earning more by producing gaming consoles.
  • Then, based on the opportunity cost, he decides to produce only gaming consoles.
6 0
3 years ago
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