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
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

You might be interested in
Assume that you have already completed a 5-year international assignment working for KPMG as a Tax Consultant in Singapore.
lana [24]

Based on the information, it can be deduced that it's an indication of the uncertainty that exists in the Vietnamese cultural model.

From the complete information, Vietnam has low points in the avoidance index. This implies that they're less associated with their cultural roots and don't have concern for hiring white people.

Some of the solutions that can be applied for training the workers include providing them with ethical and language-based training and also encourage a team culture.

Learn more about model on:

brainly.com/question/25993624

4 0
2 years ago
Bundling:__.
Cerrena [4.2K]

Answer:

c

Explanation:

Bundling is when separate products of a company are combined together and sold to customers usually at a lower price

6 0
3 years ago
Presented below is pension information for Company Y for 2021.
iren [92.7K]

Answer:

The Amount of pension expense is $195,000

Explanation:

The computation of the amount of pension expenses reported is shown below:

Service cost    $150,000

Interest on projected benefit obligation  63,000

Amortization of prior service $54,000

Less: Expected return on plan assets  -$72,000

The Amount of pension expense is $195,000

We simply applied the above formula so that the correct value could come

And, the same is to be considered

3 0
2 years ago
A report that shows the financial picture of a company at a given time and itemizes assets, liabilities and stockholders' equity
natta225 [31]

Answer: e

Explanation :

A balance sheet is a statement of the financial position of a business that lists the assets, liabilities and owner's equity at a particular point in time. In other words, the balance sheet illustrates your business's net worth.

The balance sheet may also have details from previous years so you can do a back-to-back comparison of two consecutive years. This data will help you track your performance and will identify ways to build up your finances and see where you need to improve.

A balance sheet reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure . the balance sheet is divided into two sides (or sections). The left side of the balance sheet outlines all a company’s assets. On the right side, the balance sheet outlines the companies liabilities and shareholders’ equity. On either side, the main line items are generally classified by liquidity. More liquid accounts like Inventory, Cash, and Trades Payables are placed before illiquid accounts such as Plant, Property, and Equipment (PP&E) and Long-Term Debt. The assets and liabilities are also separated into two categories: current asset/liabilities and non-current (long-term) assets/liabilities.

3 0
3 years ago
Cuales son las necesidades en el mercado en el año actual ?
muminat

Answer:

what

Explanation:

7 0
3 years ago
Other questions:
  • If you hired a firm to do a risk assessment of your business, would you hire the same firm to mitigate any risks that were ident
    7·1 answer
  • Driving his motorcycle negligently, joe crashes into a streetlight. the streetlight falls onto kim, who is standing nearby, resu
    14·1 answer
  • Jonathan wants to start a business that relies entirely on the buyer’s demand. In which economic system is best suited for his b
    8·2 answers
  • This year, Barney and Betty sold their home (sales price $750,000; cost $200,000). All closing costs were paid by the buyer. Bar
    14·2 answers
  • Which of the following colors is highly variable and can be either cool or slightly warm, depending on how it is used?
    9·1 answer
  • What is aggregate demand? You can gain or 100 points on this Place the following items in order of the magnitude of the effect o
    9·1 answer
  • You’re trying to save to buy a new $180,000 Ferrari. You have $29,000 today that can be invested at your bank. The bank pays 3.6
    8·1 answer
  • Đề xuất 1 chiến lược cạnh tranh phù hợp cho công ty cổ phần bia rượu Sài Gòn SABECO
    6·1 answer
  • the benefit of ________ is that complex tasks can be parceled out to specialists, improving productivity, which results in great
    11·1 answer
  • Choose the best word or phrase from each drop-down menu. the federal reserve increases the money supply when it is trying to enc
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!