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trasher [3.6K]
4 years ago
6

Accounts receivable arising from sales to customers amounted to $76000 and $72000 at the beginning and end of the year, respecti

vely. Income reported on the income statement for the year was $283000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is (A) $278000.(B) $283000.(C) $287000.(D) $211000.
Business
1 answer:
Ilia_Sergeevich [38]4 years ago
7 0

Answer:

(C) $287,000

Explanation:

Income from Operations = $283,000

Add: Opening accounts receivables = $76,000

Less: Closing Accounts Receivables = $72,000

Therefore, Cash flow from operating activities = $287,000

Here, we assume that openings accounts receivables have been realized and closing are yet outstanding. Therefore, opening accounts receivables shall be added and closing shall be deducted.

Final Answer

Therefore, the correct option is = (C) $287,000

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Snowcat [4.5K]

A hypothesis, which is the theory that will be tested and either explained or disproved during the course of the research.

7 0
4 years ago
Last year Mike bought 100 shares of Dallas Corporation common stock for $35 per share. During the year he received dividends of
jolli1 [7]

Answer:

Rate of return is 13.2%

Explanation:

Rate of Return is the actual return that an investor receives from an investment in asset during a specific period of time. If the investment is made in the stocks, It includes the dividend received and the price change of the stock.

Total return Received = Dividend + Price change = $1.87 + ($37.75 - 35 ) = $4.62

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Rate of Return = $4.62 / $35 = 0.132 = 13.2%

3 0
3 years ago
Marigold’s Pest Control Products has the following information available: net income, $15800; cash provided by operations, $2170
tester [92]

Answer:

The Maigold's free cash flow can be calculated using the below formula:

Cash Provided by Operations-Capital expenditure-Dividends paid

Explanation:

Cash provided by operations   $21700

Capital expenditure                  ($10100)

Dividends paid                          ($3500)

Free cash flow of Maigold's     $8100

8 0
3 years ago
Which way of preparing for a test does not use the Growth Mindset?
Artyom0805 [142]

Answer: I know that I'm not great at tests, so I'm not going to worry about studying a lot.

Explanation:

The Growth Mindset is a principle that describes the mindset of believing that one can get better. It is the belief that your basic skills can be horned to be better by constantly working towards it.

The person in Option B who said that they won't study because they know they are not very good at tests does NOT have the growth mindset because they are not interested in improving themselves at all. They have made up their mind that they are not very good at something and so will just leave it as it is. This is called a FIXED MINDSET.

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3 years ago
You own shares in a well-managed and diversified company. If a bustling economy increases investors' concerns about market risk,
Soloha48 [4]

Answer:

C. Increase

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A bustling economy will make individuals want to take advantage of the opportunity. It’s however normal for prices of a good or service to increase when there is a huge demand for it.

In this case there was a boom in the economy which means the price of the shares he owns in the company will increase.

3 0
3 years ago
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