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3 years ago

The Statement of Cash Flows reports the success or profitability of the company's operations over time. A : True B : False

Business

1 answer:

Slav-nsk [51]3 years ago

8 0

Answer:

False

Explanation:

In financial accounting, statement of cash flows is a financial statement that deals with only cash and cash equivalents by presenting a summary of cash and cash equivalents leave a company and also enter the company.

The cash flow statement gives an indication of the level of cash position management by the a company, which implies the level of cash generated by the company used in settling debt obligations and paying for operating expenses by the company.

The statement of cash flows therefore reveals the effect on cash and cash equivalents of changes that occurred in the income statement and balance sheet over a period of time.

In summary, the statement of cash flows presents how cash from operating, investing, and financing activities during a specific period.

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A customer sells short 1,000 shares of DT at $60 a share on Monday, October 14 and deposits the Regulation T margin requirement.

ahrayia [7]

Solution :

Adjusted Oct 23rd

Maintenance call will be issued, i.e. ,

$ 75k x 0.3 = 22.5 k

Equity only = 15k

Therefore, the account will be adjusted on October 23rd and the margin maintenance call will be issued.

3 0

3 years ago

Adam Smith's ‘invisible hand' refers to: how households and firms, acting in their own self-interest, manage to make everyone be

Igoryamba

Answer: how households and firms, acting in their own self-interest, manage to make everyone better off

Explanation:

Adam Smith's ‘invisible hand could be described as a specific market pattern that is of advantage to both the demand and supply, where both party of the demand and those supplying reach an balance, where they both gain from each other, irrespective of how it minimal. An example is the decision of an individual purchasing an item and buying other item from same company which compliments the earlier item bought.

6 0

3 years ago

Answer the following questions about the Target balance sheet.

frez [133]

Answer:

1. Which balance sheet format does Target use?

Consolitated Statements of Financial Position

2. Name the company’s largest current asset and largest current liability at January 30, 2016.

Largest current asset: inventory $8,601 million

Largest current liability: accounts payable $7,418 million

3. Compute Target’s current ratios at January 30, 2016, and January 31, 2015. Did the current ratio improve, worsen, or hold steady?

Current ratio 2016 = 14,130 / 12,622 = 1.12

Current ratio 2015 = 13,624 / 11,736 = 1.16

We can see that the current ratio worsened a bit from 2015 to 2016.

4. Under what category does Target report furniture, fixtures, and equipment?

Under property, land, and equipment.

5. What was the cost of the company’s property, plant, and equipment at January 30, 2016?

$55,593 million

What was the amount of accumulated depreciation?

$16,246 million

What was the book value of the property, plant, and equipment?

$25,217 million

4 0

3 years ago

Joey’s parents told him that for every 3 hours of chores he completes, they would give him $11 for his allowance. His friend Sar

anygoal [31]

Answer:

Sarah

Explanation:

this is because Joey gets $11 for three hours and Sarah gets $12 for three hours.

8 0

3 years ago

Peavey enterprises purchased a depreciable asset for $28,500 on april 1, year 1. the asset will be depreciated using the straigh

ddd [48]

<span>Answer is $17,325. Since the salvage value of the asset after its four years of useful life is $3,300 while its current purchase value is $28,500; we need to depreciate the difference over 4 years. That us $25,200 to be depreciated over 4 years using a straight line method. At December 31 of year 3, the asset will be 2.75 years old(2 years, 9 months). Hence the accumulated depreciation is $25,500*(2.75/4). This is $17,325.</span>

4 0

3 years ago