Anyone want to help?

Assume the perpetual inventory system is used. 1) Green Company purchased merchandise inventory that cost $65,300 under terms of

aliina [53]

Based on the perpetual inventory system, the payment for inventory, and the freight costs, the net cash flow from operating activities is $28,346

The net cash flow for Green Company from its various transactions and using the perpetual inventory system can be found by the formula:

= Cash inflow from sales to customers - Cash outflow for freight cost - Cash outflow for freight cost to customers - Cash outflow for payment to supplier in ten days

The net cash flow from operating activities is therefore:

= 96,600 - 2,530 - 1,730 - (65,300 x (100% - 2%))

= 96,600 - 2,530 - 1,730 - 63,994

= $28,346

Find out more on net cash from operating activities at brainly.com/question/15870707

#SPJ1

6 0

1 year ago

During 2015, LeBron Corporation accepts the following notes receivable.a. On April 1, LeBron provides services to a customer on

kolezko [41]

Answer:

The journal entries are as follows:

(a) On April 1, 2015

Notes receivable A/c Dr. $7,000

To Service revenue $7,000

(To record provide services to customer on account)

(b) On June 1, 2015

Notes receivable A/c Dr. $11,000

To Cash $11,000

(To record company lends to one of the vendors)

(c) On November 1, 2015

Notes receivable A/c Dr. $6,000

To Accounts Receivables $6,000

(To record accepts payment for prior services)

6 0

3 years ago

Sonic sells the rights to use the business name and sell its products and services to others in a given territory. This arrangem

Ket [755]

Answer:

Sonic sells the rights to use the business name and sell its products and services to others in a given territory. This arrangement is called a franchise agreement.

Explanation:

The franchise agreement can simply be described as a legal agreement for binding of two or more companies. The agreement carries all the terms and conditions under which the two companies will work together. In such a kind of agreement, the owner of a business gives the rights of using the company name to another person or another company. The other company also gets the rights to sell products under the name of that company. In return, they agree to pay a commission or a part of their revenue as franchise fees.

5 0

3 years ago

A drought decreases the supply of agricultural products, which means that at any given price a lower quantity will be supplied;

Dvinal [7]

Answer:

The correct answer is option C.

Explanation:

A drought adversely affects the production of crops causing the supply of agricultural products to decline. Because of the decline in supply, the supply curve for agricultural products will shift to the left. This implies that at any given price, a quantity lower than earlier will be supplied.

Good weather, on the other hand, positively affects the production of crops. This causes supply to increase. As a result, the supply curve will shift to the right, implying, an increase in the quantity supplied at each price level.

5 0

4 years ago

Individuals who are given hard or challenging goals perform better than those given easy goals - true or false

muminat

False.....................

6 0

3 years ago

Read 2 more answers