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
lara [203]
3 years ago
14

Parks Company reported an increase of $370,000 in its accounts receivable during the year 2015. The company's statement of cash

flows for 2015 reported $1 million of cash received from customers. What amount of net sales must Parks have recorded in 2015
Business
1 answer:
Serjik [45]3 years ago
3 0

Answer:

The answer is $1,370,000

Explanation:

Cash received from customers = net sales(revenue) minus increase in accounts receivable.

So to find net sales, we rewrite the formula:

Net sales (revenue) = cash received from customers plus increase in accounts receivable.

=$1,000,000 + $370,000

= $1,370,000.

So Parks Company recorded a net sales of $1,370,000 in 2015

You might be interested in
A person who has always enjoyed cooking may decide in late adulthood to have fewer elaborate dinner parties because they require
Sindrei [870]
Selective optimization with compensation (SOC). If you don't find an answer on this site, use Google.
5 0
3 years ago
12 less than the quantity of a number and 7 is -2
Len [333]
X= a number

Less than means to subtract from the quantity.

(x + 7) - 12= -2
add 12 to both sides
x + 7= 10
subtract 7 from both sides
x=3

ANSWER: A number equals 3.

Hope this helps! :)
8 0
2 years ago
Aladdin Grocer's 2019 balance sheet shows average stockholders’ equity of $18,000 million, net operating profit after tax of $1,
tekilochka [14]

Answer:

B. Return on Equity =  3.17%

Explanation:

The return on common stockholder's equity is a profitability measure showing how much net return the company is providing on the equity invested by shareholders.

The equity of common stockholders is made up of Share capital and reserves. The common shares is just one part of equity.

To calculate the return on equity, the formula is:

Return on Common Equity = Net Income / Shareholder's Equity

Here, the Net income is 665 m while the shareholder's equity is 18000m.

Return on equity = 665 / 18000 = 0.0369 or 3.69% rounded off to 3.7%

So, B is the correct answer

6 0
2 years ago
n​ 2007, an unseasonably dry spring led to a sharp decline in the quantity harvested of black​ morels, a wild mushroom found thr
Alexeev081 [22]

Answer:

Increase; fall

Explanation:

Due to the slightly above normal rainfall levels which led to a large black morel harvest, <em>the supply of the commodity will increase</em>.

However, since demand for the commodity is expected to remain the same as it was in 2007 despite the increase in supply, <em>the equilibrium price is expected to fall</em> as supply exceeds demand.

4 0
3 years ago
Germany is capital abundant country and Japan is labor abundant country. If computers are produced mostly by capital and beer is
wel

Answer:

If computers are produced mostly by capital and beer is produced mostly by labor, the H-O model predicts that

Germany will export computers in exchange for beer.

Explanation:

The H-O model or Heckscher-Ohlin theory is an economic model about the comparative advantages of nations in international trade.  The model tries to explain the equilibrium of trade existing between two countries that have varying specialties and natural resources.  According to the H-O model, countries export more goods and services for which they have plenty resources than they do for goods and services for which they have scarce resources.  For example, if a country has capital in abundance, it will export more of capital-intensive products while it will import labor-intensive products, because it has scarce labor resources.

6 0
2 years ago
Other questions:
  • The story of the Reset Button is an example of a noise caused by (select all that apply)
    12·1 answer
  • Cloverdale, Inc., uses the conventional retail inventory method to account for inventory. The following information relates to c
    13·1 answer
  • Protecting intellectual property rights is important to a free enterprise system because:
    7·1 answer
  • How would an increase in demand affect the equilibrium price in a​ market? A. The equilibrium price decreases. B. The equilibriu
    6·1 answer
  • If the returns on a stock index can be characterized by a normal distribution with mean 12% and standard deviation of 3%, the pr
    11·1 answer
  • Quiz during the class. Calculate the WACC which represents the "hurdle rate" for a typical project with average risk using midpo
    14·1 answer
  • How did US policy makers seek to stimulate the economy and integrate?
    14·1 answer
  • We are twins me and streoberrie
    12·1 answer
  • Current Attempt in Progress Ferris, Inc. has a unit selling price of $500, variable cost per unit of $300, and fixed costs of $2
    9·1 answer
  • Firm ML, a non-corporate taxpayer, exchanged residential rental property plus $15,000 cash for 20 acres of investment land with
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!