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mestny [16]
3 years ago
5

Net income for the year was $29,500. Accounts receivable increased $2,500, and accounts payable increased $5,400. There were no

other changes in noncash current assets and liabilities. Under the indirect method, the cash flow from operations is $32,400. T/F
Business
1 answer:
mylen [45]3 years ago
4 0

Answer:

True

Explanation:

The net cash flow for the year can be calculated using the following equation:

net cash flow = net income + accounts payable - accounts receivable

net cash flow = $29,500 + $5,400 - $2,500 = $32,400

We have to subtract accounts payable since they were included in the net income but the cash has not been received yet.  

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ABC, a U.S. company sends by fax an offer to sell to XYZ, a French company, 1,000,000 widgets for $1.00 a widget. XYZ sends back
galben [10]

Answer:

The correct option is B. False.

Further explanation is given below in the explanation section.

Explanation:

Offer From ABC Company to XYZ Company:

1,000,000 widgets to sell.

Selling Price of 1 widget = $1.00

Total Price = $1,000,000

Counter Offer from XYZ company to ABC Company.

Selling Price = $0.75

Total Price = 0.75 x 1,000,000 = $750,000

But in the end, ABC company sold its widgets to GHK company.

The correct option to this question is false.

This case is false because here ABC sends an original offer of $1 but XYZ sent a counter offer of $0.75. This counter offer was then duly rejected by ABC.

XYZ cannot again confirm and accept the original offer of ABC because they have already rejected your claim and thus XYZ have to wait until ABC make them another offer.

5 0
3 years ago
Assume Digby expands operations in Asia Pacific in the coming year. In doing so, they have added capacity to fill all demand in-
Akimi4 [234]

Answer:

$9.15

Explanation:

Contribution margin is the net value of sales and variable cost of a product. We need to deduct variable cost from selling price of a product to calculate the contribution margin .

First we need to determine the total variable cost.

Labor Cost ( $9 x ( 1 - 0.1 ) ) $8.1

Material cost                        $12.75

Shipping cost                       <u>$2.50</u>

Total Variable cost              <u>$23.35</u>

Price = $32.50

Contribution Margin  = Selling price - Variable cost

Contribution Margin = $32.50 - $23.35 = $9.15

4 0
3 years ago
As of December 31, 2018, Warner Corporation reported the following: Dividends payable $ 32,000 Treasury stock 570,000 Paid-in ca
Thepotemich [5.8K]

Answer:  $9,182,000

Explanation: This question can be done as follows :-

Total shareholders equity = paid in capitals + other paid in capitals + retained earnings - treasury stock

Putting the values into equation we get :-

Total shareholders = $32,000 + $5,200,000 + $4,200,000 - $250,000

equity

                                = $9,182,000

8 0
3 years ago
Introduction in a formal
Igoryamba

Answer:

well

Explanation:

name , age , address

6 0
1 year ago
Kwan has $10,000 in interest expense; an expired $5,000 insurance policy; $20,000 in depreciation and he paid himself a dividend
Lubov Fominskaja [6]

The only item with no entry in assets on his balance sheet is <u>B) the interest expense</u>.

<h3>When is an accounting entry for assets made?</h3>

The accounting entry for assets is made when an asset increases or decreases in value.

For instance, the interest expense may not necessarily affect the assets because it is not stated if it has been paid in cash or not.  However, the expired insurance policy, depreciation, and payment of dividends affect these asset accounts:

  • Prepaid Insurance,
  • Long-term asset
  • Cash.

<h3>Answer Options:</h3>

A) the expired insurance policy

B) the interest expense

C) the depreciation

D) the dividend

Thus, the only item with no entry in assets on his balance sheet is <u>B) the interest expense</u>.

Learn more about assets and balance sheets at brainly.com/question/24534918

#SPJ1

6 0
1 year ago
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