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Blizzard [7]
3 years ago
14

Assume the indirect method is used to compute net cash flows from operating activities. For this item extracted from the financi

al statements—Interest Income (assume that cash received is equal to amount reported)—indicate the effect on net income in arriving at net cash flows from operating activities by choosing one of the following:
Add to net income to arrive at net cash flows from operating activities.
Subtract from net income to arrive at net cash flows from operating activities.
Not used to adjust net income to calculate net cash flows from operating activities.
Business
1 answer:
Arte-miy333 [17]3 years ago
3 0

Answer:

Explanation: Subtract from net income to arrive at net cash flows from operating activities.

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Economists say that scarcity is a relative concept. this means that __________. (hint: what does relative mean?)
Aleksandr-060686 [28]
Im not sure, sorry, I wish I could help
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4 years ago
Trade credit and discounts are important strategies used by firms in the daily operations of their business. Calculate the cost
Olegator [25]

Answer:

When a discount is given as 2/12, Net 32, it means that the customer is allowed a 2% discount if they pay off their purchase in 12 days. If they don't, they would have to pay off the full amount in 32 days.

The Cost of a firm's credit is calculated by the formula:

= Discount %/ ( 100% - Discount %) * (360/Allowed payment days - Discount days)

a. 2 / 12, Net 32

= (2%/ (100 - 2% )) * (360 / (32 - 12))

= 36.73%

b) 3/15, Net 36

= (3%/ (100 - 3% )) * (360 / (36 - 15))

= 53.02%

c) 2.5/18, Net 35

= (2.5%/ (100 - 2.5% )) * (360 / (35 - 18))

= 54.30%

d) 2.25/20, Net 38

= (2.25%/ (100 - 2.25% )) * (360 / (38 - 20))

= 46.04%

5 0
3 years ago
Who is down for talking?
hammer [34]

Answer:

bettt wassuh

Explanation:

3 0
4 years ago
Read 2 more answers
Pallen Company estimated sales of 11,000 units at $40 each, unit cost of goods sold of $22, marketing expense of $65,000 and a 1
kirza4 [7]

Answer:

D. $109,000

Explanation:

The total selling expense which is an element of the income statement is the sum of the marketing expense and the sales commission.

The sales commission as given is a percentage of the number of units sold.

Total selling expense

= $65,000 + (10% * $40 * 11,000)

= $65,000 + $44,000

= $109,000

5 0
4 years ago
PLEASE HELP THANKS Common law governs all of the following contracts except: Select one: a. employment contracts. b. constructio
kaheart [24]

Answer:

d. contracts for the sale of goods.

Explanation:

Common law governs all the contracts that are related to employment, services, real estate or construction, insurance, etc

But it does not govern that contract who are related to the Uniform Commerical code (UGC) or by regulations agencies who operates in administrative services

Like the sale or leasing of goods covered under the Uniform Commerical code (UGC) so the same does not come under the common law

hence, the correct option is d

8 0
3 years ago
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