Suppose you buy clothes at Mimi's Clothing Shop. Your spending is Mimi's ____

Which calculation is needed to assess the component pieces of the operating section using the direct approach for the amount col

amid [387]

Calculation needed to assess the component pieces of the operating section using the direct approach for the amount collected for sales is

Total potential cash - Ending accounts receivable balance.

Cash that is produced by a company's regular operating procedures is known as operating cash flow. Investors place a high value on a company's capacity to continually produce positive cash flows from its ongoing business operations.

The purpose of drawing up a cash flow statement is to see a company's sources and uses of cash over a specified time period.

You should first subtract any receivables that you are aware are unlikely to be collected before calculating cash collections from accounts receivable. This will leave you with your projected collectible accounts receivable.

To learn more about operating cashflow click here :

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8 0

2 years ago

Bingo Land Inc. has a defined benefit pension for their employees. For the fiscal year 2019, the PBO beginning balance was $1,80

Umnica [9.8K]

Answer:

Ending balance is $152

Explanation:

The table is attached below

8 0

3 years ago

The diagnostic process is _____. a systematic approach to understand the organization none of the answers performed exclusively

Nutka1998 [239]

Answer:

A. a systematic approach to understand the organization

Explanation:

Business diagnosis can be defined as a strategic technique which typically involves the process of defining, identifying and classifying the various business processes, logistics, product quality in order to have an indepth understanding and knowledge about an organization.

The diagnostic process is a systematic approach to understand the organization because it involves critically studying all its aspects and areas.

Hence, the information gathered through the diagnostic process can be used by the management to facilitate its decision-making process and its competitive advantage.

3 0

2 years ago

A borrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. The first two years of the loan

lara31 [8.8K]

Answer:

1003

Explanation:

Given:

Period= 30 years, Loan amount= $200,000,

Payments- Monthly,

Teaser rate for first 2 years = 4%,

Annual payment cap=5%, Composite rate on reset date= 6%

Annual rate for 2 years =4%

Monthly rate will be 4/12 = 0.3333% = 0.003333

n=30years=360 months

Monthly payment for first 2 years = $Pr(1+r)^n/((1+r)^n-1)$

= $200000\times0.0033\times1.033^{360}/(1.033^{360}-1)$

= 954.83

or by Excel function = PMT(0.003333,360,200000,0) = 954.83

Loan balance after 2 years = PV(0.003333,336,-954.83,0) = 192,812.36 or

Balance= $A(1+r)^n-PMT\times(1+r)^n-1)/i$

= $200000(1.0033)^{24}-954.83(1+0.003333)^{24}-1)/0.003333$

= 192,812.36

Composite rate is 6% but payment is capped at 5%. So new payment from year 3 is 954.83×1.05=1002.57=1003

6 0

2 years ago

An ""offer"" to sell an item on an online auction site generally is treated as an invitation to negotiate. True or false?

inessss [21]

Answer:True

Explanation: In live auctions, buying and selling of items, and bidding on these items, are done face to face by the auctioneer and the bidder. Online auction sites provide platforms for consumers and producers to buy and sell items over the internet.

Online auctions are different. Because these transactions take place online, and are thus automated, when an "offer" to sell an item occurs then it can be taken as an opportunity to negotiate. Interested parties can make bids on the item, with or without a limit, depending on the auctioneer. Then the party with the highest bid wins the item.

7 0

3 years ago

Suppose you buy clothes at Mimi's Clothing Shop. Your spending is Mimi's _____.