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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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Under MSRB rules, a registered representative is prohibited from sharing in the gains and losses of a customer's account unless
skad [1K]

Answer:

D)

Explanation:

This is the case unless the registered representative contributes capital proportionate to his sharing percentage and receives written approval of the principal. This is because the MSRB clearly prohibits this, but if the registered representative opens a joint account with the customer (granted the customer approves), and shares in both the gains and losses of the account with a proportionate capital contribution, then both are entering into the same risk and are allowed to share in the gains and losses. This is as long as the principal provides written approval.

8 0
3 years ago
suppose that a financial crisis decreases planned investment spending by $100 billion, and the marginal propensity to consume is
Bogdan [553]

The real GDP will decrease by $500 billion.

<h3>What is GDP?</h3>

A country's gross domestic product (GDP) is the sum of the market values of all the finished goods and services produced within its borders during a specific time period. As a general measure of all domestic production, it provides a comprehensive evaluation of the economic health of a specific nation. GDP is frequently calculated on an annual basis, although it is also occasionally approximated on a quarterly basis. For example, the US government generates an annualised GDP estimate for the entire year as well as each fiscal quarter. Each item of data in this report is supplied in actual terms, which allows for the calculation of the data to account for price changes. The result is data that is net of inflation.

To learn more about GDP, visit:

brainly.com/question/15682765

#SPJ4

8 0
1 year ago
On December 31, 2017, Oakbrook Inc. rendered services to Beghun Corporation at an agreed price of $102,049, accepting $40,000 do
galben [10]

Answer:

Loan Amortization Table is attached with this answer, please find it

Explanation:

First of all we calculate the Loan Payment per period

Loan Payment per year = r ( PV ) / 1 - ( 1 + r )^-n

Loan Payment per year = 0.11 ( (102,049 - 40,000 ) / 1 - ( 1 + 0.11 )^-4

Loan Payment per year = $6,825.39 / 0.341269 = 20,000 per year

6 0
3 years ago
Economic efficiency in a competitive market is achieved when
Ludmilka [50]

Answer:

when you operate with your own products

Explanation:

economically doing well on business and people loving the pricws

6 0
3 years ago
Read 2 more answers
Sheldon Company began Year 1 with $1,600 in its supplies account. During the year, the company purchased $4,700 of supplies on a
Annette [7]

Answer:

$2700 supplies in hand

$3600 Supplies expense

Explanation:

As you can see in question data Sheldon has already counted the supplies in hand so, we only have to calculate supplies expense by doing some minor workings

WORKINGS

Supplies Expense = Opening + purchases - payment made

Supplies Expense = $1600 + $4700 - $2500

Supplies Expense = $3600

8 0
3 years ago
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