An effective price ceiling is best defined as a price:

The 2020 accounting records of Splish Brothers Inc. reveal these transactions and events. Payment of interest $ 10,400 Collectio

Alekssandra [29.7K]

Answer and Explanation:

The Preparation of cash flows from operating activities section using the direct method is shown below:-

Splish Brothers Inc.

Statement of Cash Flows using Direct method

For the Year ended 2020

Particulars Amount

Cash Flows from operating activities:

Cash collection from:-

Customers

($49,300 + $189,500) $238,800

Dividend Revenue $17,900 $256,700

Less: Cash payments for

Interest ($10,400)

Income Taxes (15,000)

Salaries and wages (57,700)

Operating Expenses ($28,400)

Cash payment to

Suppliers for Merchandise ($115,400) $226,900

Net Cash provided by operating activities $29,800

Since the cash payment reflects the cash outflow so this items would be represented in a negative sign and the cash collections reflects the cash inflow so this item would be represented in a positive sign

3 0

3 years ago

If you were starting a new business, describe at least three departments to the company that you would need right away. Why are

Natali [406]

Answer:

I would need a computer and then a laptop to work fast as I can and that will make me get more money

7 0

3 years ago

Kung ikaw ay magiging pangulo ng pilipinas ano ang paraan na gagawin mo para sa iyong mamamayan?

melamori03 [73]

Kung ako ay magiging Pangulo nang Pilipinas, ang limang programa na aking gagawin ay ang Magtanim ng mga puno sa kagubatan para maiwasan ang flood, pagpapa-aral sa mga batang hindi nag-aaral, Pagbibigay ng tulong sa sapat na pambili, Pagtupad ng mga batas na nakakabuti sa mga mamamayan, pagtulong sa mga may sakit.

3 0

3 years ago

In which of the following cases is outsourcing likely to be the best solution to the firm's data processing needs? a) Peterson I

Alex73 [517]

Answer:

a) Peterson International is a trenchcoat wholesaler to retailers around the world. Sixty percent of sales orders are taken during the months of August and September. Peterson needs a system to manage online ordering and fulfillment.

Explanation:

Outsourcing likely to be the best solution to the firm's data processing needs because Peterson International is a trenchcoat wholesaler to retailers around the world. Sixty percent of sales orders are taken during the months of August and September. Peterson needs a system to manage online ordering and fulfillment.

5 0

3 years ago

Western Energy makes quarterly deposits into an account reserved for purchasing new equipment two years from now. The interest p

Iteru [2.4K]

Answer:

a. 2 years

b. 1 year

c. 12 times

Explanation:

Interest period is the duration of the deposit. It is the length of time the money would remain in deposit. This is 2 years according to the question

Compounding period = number of times interest would be paid. In the question, this is a year. So interest would be paid every year

The compounding frequency - it is the number of times the deposit would be compounded. It is 12 months

The future value of the deposit can be determined using this formula :

FV = P (1 + r/m)^nm

FV = Future value

P = Present value

R = interest rate

N = number of years

m = number of compounding

8 0

2 years ago