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Kobotan [32]
4 years ago
11

Cash Flows from Operating Activities—Indirect Method The net income reported on the income statement for the current year was $1

23,700. Depreciation recorded on store equipment for the year amounted to $20,400. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $49,730 $45,750 Accounts receivable (net) 35,660 33,810 Merchandise inventory 48,690 51,470 Prepaid expenses 5,470 4,350 Accounts payable (merchandise creditors) 46,600 43,280 Wages payable 25,460 28,270 a. Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments.
Business
1 answer:
KiRa [710]4 years ago
8 0

Answer:

Explanation:

26262

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If the slope of a straight line is minus3 and if Y​ (the variable on the vertical​ axis) decreases by​ 6, then X​ (the variable
Sergio039 [100]

Answer:

X​ (the variable on the horizontal​ axis) will increases by 2.

Explanation:

The slope of a straight line is -3. So, m=6.

Slope of a straight line is

m=\dfrac{Rise}{Run}=\dfrac{\text{Change is y}}{\text{Change in x}}

Y​ (the variable on the vertical​ axis) decreases by​ 6.

Change is y = -6

We need to find the change in ​ (the variable on the horizontal​ axis).

Substitute the given values in the above formula.

-3=\dfrac{-6}{\text{Change in x}}

\text{Change in x}=\dfrac{-6}{-3}

\text{Change in x}=2

Note: All options are incorrect.

Therefore, X​ (the variable on the horizontal​ axis) will increases by 2.

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3 years ago
Which 3 data points can be imported into the app transactions tab in quickbooks online?.
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Answer: Description, Date, and Amount. 

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2 years ago
Following is the sales budget for Coore, Inc., for the first quarter of 2019.
gayaneshka [121]

Answer:

a. Sales for November = $192,666.67

b. Sales for December = $312,400,00

c. Total cash collections are as follows:

January = $200,580

February = $201,360

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Explanation:

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b. Compute the sales for December.

Sales for December = Uncollected sales from December / (Collection rate one months after the sale + Collection rate two months after the sale) = $78,100 / (10% + 15%) = $312,400,00

c. Compute the cash collections from sales for each month from January through March.

Note: See the attached excel file for the schedule of cash collections from sales for each month from January through March.

From the attached excel file, total cash collections are as follows:

January = $200,580

February = $201,360

March = $191,750

Download xlsx
3 0
3 years ago
Joe sold gold coins for $1,000 that he bought a year ago for $1,000. He says, "At least I didn't lose any money on my financial
sergejj [24]

Answer:

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True, because what paragraph
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