1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
fiasKO [112]
3 years ago
10

Hilton company reported net income of $30,000 for the year. During the year, accounts receivable increased by $7,000, accounts p

ayable decreased by $3,000 and depreciation expense of $5,000 was recorded. Using the indirect method, net cash provided by operating activities for the year is:_______
a. $25,000.
b. $45,000.
c. $29,000.
d. $30,000.
Business
1 answer:
Alina [70]3 years ago
7 0

Answer:

a. $25,000

Explanation:

The computation of net cash provided by operating activities is shown below:-

Particulars                                                   Amount

Net Income                                                $30,000

Add Depreciation                                     $5,000

Less Increase in Accounts Receivables -$7,000

Less Decrease in Accounts Payable        -$3,000

Net cash Provided by Operating Activities $25,000

You might be interested in
Zanda Corp. and Jones Corp. are identical in every way (products produced, costs, demand, etc.) except for one. Zanda uses a lev
Natali [406]

Answer: (C) Zanda will have higher inventory carrying costs.

Explanation:

  The inventory carrying cost is one of the type of overall holding inventory cost that helps in identifying the various types of business expenses and also storing the various types of unsold goods and the services in the market.  

The inventory carrying cost is also known as the holding cost and it is basically responsible for handling the cost system by using the estimated formula.

According to the given question, Zanda corporation is basically using the level production plan for the purpose identifying their business factors such as costs, demand and the products.

So, based on the given information is Zanda will have the high inventory carrying cost statement is true. Therefore, Option (C) is correct answer.  

 

3 0
3 years ago
Where can you find information about the cost of goods sold as well as total
yawa3891 [41]

The adjusted trial balance represents the cost of goods sold as well as total sales. Thus, option D is correct.

<h3>What is the cost of goods sold? </h3>

Cost of goods means the direct cost that is included in the making of the goods. The cost of goods is calculated by adding the purchase price of the commodity and deducting the closing inventory.

A report known as an adjusted trial balance lists all the debit and credit firm accounts exactly as they would appear on the accounting records after reconciliations have been made. Therefore, option D is the correct option.

Learn more about the cost of goods sold, here:

brainly.com/question/14665160

#SPJ1

3 0
1 year ago
Courts Distributors needed two hundred compact refrigerators on a rush basis. It contacted Eastinghouse Corporation, a manufactu
Romashka [77]

Answer:

Courts Distributors and Eastinghouse Corporation

Dispute over Contract Price

The two parties have a legal contract.  The contract was established when Courts requested Eastinghouse to send the refrigerators and bill later.

The exact price for the contract is in dispute.  This dispute can be resolved between the parties.  Reference to the market price will help resolve the dispute, otherwise, the parties may seek alternative dispute resolutions, like litigation, mediation, or arbitration.

Explanation:

a) Data and Analysis:

Eastinghouse's invoice price for the refrigerators = $140,000

Courts' adopted market price = $120,000

b) Since Courts' reference to the price is with regard to the wholesale market price, it may be that Eastinghouse quoted the retail price instead.  Since Courts is a distributor, it has the right to be charged a wholesaler's price and not a retailer's.  Therefore, we can conclude that after due reference to the prevailing market price of similar refrigerators, the two parties may agree to a price of $120,000 or a little higher.

7 0
2 years ago
intext:"A corporation issued 6,000 shares of its $2 par value common stock in exchange for land that has a market value of $84,0
guajiro [1.7K]

Answer:

Date     Account Titles and Explanation              Debit       Credit

              Land                                                         $84,000

                 Common stock                                                     $12,000

                  Paid in capital in excess of par value                 $72,000

Workings:

Amount of Common stock = Number of shares * Paid in capital per share

= 6,000 shares * $2

= $12,000

Amount of excess of paid in capital = Market value of land - Amount of common stock

= $84,000 - $12,000

= $72,000

8 0
3 years ago
1. Stock A has an expected return of 7%, a standard deviation of expected returns of 35%, a correlation coefficient with the mar
posledela

Answer:

Option A is riskier

Explanation:

In this question, we want to know which of the two stocks is riskier.

To answer this, we can use the standard deviation of returns as a risk measure.

For a security with a big value for standard deviation of returns, its per period returns are wider making its range per day large.

Hence, what this means is that out of the two stocks, the one with a larger value of standard deviation of returns will guarantee more risk as it is expected to give a better ranges of price

Now back to the values in the question, we can see that the standard deviation of returns of stock A is greater than that of stock B which this makes it a more risky option

4 0
3 years ago
Other questions:
  • Payback occurs when: a. the net cumulative benefits equal the net cumulative costs. b. the net costs are lower than the cumulati
    11·1 answer
  • Which factors play a role in purchasing insurance? Check all that apply. the consumer’s age and current lifestyle the price of t
    8·1 answer
  • At the beginning of the year, manufacturing overhead for the year was estimated to be $859,200. At the end of the year, actual d
    12·1 answer
  • Approximately how much should be accumulated by the beginning of retirement to provide a $2,500 monthly check that will last for
    8·1 answer
  • Gisela has just finished her interview with the managing editor of a large city newspaper. The interviewer asked her general que
    12·2 answers
  • Brush Industries reports the following information for May: Sales $ 980,000 Fixed cost of goods sold 116,000 Variable cost of go
    12·1 answer
  • Marquis Company estimates that annual manufacturing overhead costs will be $900,000. Estimated annual operating activity bases a
    10·1 answer
  • The decision to increase wages had a high probability of effect on Walmart’s success, illustrated by Multiple Choice pilot tests
    11·1 answer
  • Which of the following is not a source of income?
    8·1 answer
  • Some companies now use online advertising campaigns and contests to help develop better goods, services, or ideas. This is most
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!