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Anon25 [30]
3 years ago
15

Hong Kong Clothiers reported revenue of $5,050,000 for its year ended December 31, 2021. Accounts receivable at December 31, 202

0 and 2021, were $321,000 and $354,300, respectively. Using the direct method for reporting cash flows from operating activities, Hong Kong Clothiers would report cash collected from customers of:
Business
1 answer:
poizon [28]3 years ago
7 0

Answer:

The answer is $5,016,700

Explanation:

Cash collected from customers is:

Revenue $5,050,000

Less: Increase in accounts receivable

Revenue is

Receivables at the beginning of the year is $321,000

Receivables at the end of the year is $354,300

There is an increase in the accounts receivable and the increase is

$354,300 - $321,000

$33,300

Therefore, amount collected from customers is:

$5,050,000 - $33,300

=$5,016,700

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While Sally is still a minor, she wrecks the car she purchased from Bally. Can she still disaffirm the contract? Must she return
patriot [66]

Answer:

If Sally is still a minor, she can disaffirm the contract and return the car to Bally. Contracts involving minors are not legally binding unless the minor reaffirms them once he/she is an adult or a parent also signs the contract.

In this case, Sally's contract is voidable by her and if she chooses to, she is able to void it. What happens after she returns the car depends on the state. Some state laws force Bally to return the money even if the car is wrecked. Other states have laws that require minors to return goods in good shape, and in this case, would allow Bally to deduct any repair expenses from the money he needs to return to Sally.

6 0
3 years ago
Linear programming, simulation and waiting line theory are most closely associated with which era in the historical development
Strike441 [17]

Answer:

operations research

Explanation:

Operations research -  

It is the research method , which deals with the  application of the analytical method which enables to make good method , is referred to as operations research.

Stimulation , Linear programming and waiting line theory , are under the operations research .

Hence, from the given information of the question,

The correct term is operations research.  

5 0
3 years ago
Provide an example of meeting etiquette as if you were attending the meeting​
weeeeeb [17]

Answer:

Example: A Job Interview

I will endeavor to get to the venue earlier than the set time. I would have prepared myself for the topic of discussion, introduce myself properly, sit appropriately when asked to and make my voice as audible as possible.

Explanation:

Meeting etiquette refers to mode of behavior and conduct when attending a meeting more specially a formal or professional one. Meeting could be a job interview, a business meeting, a sales presentation etc.

There are various codes of conduct to be observed:

<u>Be at the meeting on time:</u> Getting to the meeting venue earlier or at the time agreed is a sign of good behavior.

<u>Be prepared:</u> Familiarizing yourself ahead with the subject matter and topics of discussion.

<u>Make proper introductions:</u> The simple rule to follow is to fist introduce yourself. When introducing others, introduce individual of lesser hierarchy to higher hierarchy.  

<u>Sit appropriately:</u> Do not seat and lean on the table. Sit straight on the chair, do not keep a large gap between yourself and the table.

<u>Speak so you can be heard</u>: Its very important that you should be heard, so when necessary speak up so others can hear you.

6 0
3 years ago
Hayes Corporation has $300 million of common equity on its balance sheet and 6 million shares of common stock outstanding. The c
Aleksandr [31]

Answer: $77

Explanation:

Given the following;

Total Book value of common equity = $300,000,000

Total outstanding shares = 6,000,000

Market Value Added (MVA) = $162,000,000

Stock price =( Market value of equity + Total Book value of equity) ÷ Number of outstanding shares

Stock price = ($162,000,000 + $300,000,000) ÷ 6,000,000

Stock price = $462,000,000 ÷ 6,000,000

Stock price = $77

Company's stock price is $77

6 0
3 years ago
Your consultant firm has been hired by Eco Brothers Inc. to help them estimate the cost of common equity. The yield on the firm'
Korvikt [17]

Answer: 12.6%

Explanation:

From the question, we are told that a consultant firm has been hired by Eco Brothers Inc. to help them estimate the cost of common equity and that the yield on the firm's bonds is 8.75%, while the firm's economists believe that the cost of common can be estimated using a risk premium of 3.85% over a firm's own cost of debt.

The estimate of the firm's cost of common from reinvested earnings will be the addition of the risk free rate and the risk premium. This will be:

= 8.75% + 3.85%

= 12.6%

4 0
3 years ago
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