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]
4 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]4 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
All else equal, if there are diminishing returns, then which of the following is true if a country increases its capital by one
Romashka [77]

Answer:

A.

The output will rise by more than it did when the previous unit was added.

Explanation:

7 0
2 years ago
Corporate social responsibility: Group of answer choices
Misha Larkins [42]

Answer:

Letter e is correct.<em> Extends beyond ethics to include community, environment, and human rights</em>

Explanation:

Corporate social responsibility refers to the voluntary commitment that companies have to make a contribution to the development of the society in which it operates, in addition to reducing its environmental impacts and ensuring the preservation of human rights. This is when the company implements beneficial actions that exceed those required by law.

In a globalized world, there is legal pressure from consumers, institutions, NGOs and the media to make companies not only profitable but also voluntary contributors to building a more egalitarian society.

The benefits added to companies that practice corporate social responsibility are diverse, with emphasis on improving community value and improving stakeholder satisfaction and perception.

5 0
3 years ago
Assuming an upward-sloping as curve, if an economy is at full employment and consumption spending decreases while all other leve
Yuliya22 [10]

Assuming an upward-sloping as curve, if consumption spending falls while all other levels of expenditure stay the same in an economy that is at full employment, a GDP gap will be visible.

Retail store managers will take activities that result in greater Unemployment when undesirable inventories build up.

<h3>What is GDP?</h3>
  • Gross domestic product (GDP) is a monetary indicator of the total market worth of all the finished products that nations create over a certain time period.
  • This measurement is frequently changed before it can be trusted as an indicator because of how complicated and subjective it is.
  • Consumption, investment, government spending, exports, and imports make up the components of the GDP when it is calculated using the expenditures method.
  • Gross fixed capital formation, changes in inventories, changes in consumption expenditure (by households, NPISHs, and general government),
  • And exports of goods and services are all included in the calculation of gross domestic product (GDP), which is then subtracted from imports of goods and services.

Learn more about GDP here:

brainly.com/question/15682765

#SPJ4

8 0
2 years ago
Some economists advocate a ____________ on the consumption of such products as gasoline, liquor, cigarettes, and even soda pop,
Eduardwww [97]

Answer:

The correct answer is Sin tax.

Explanation:

A sin tax is a state-sponsored tax that is added to products or services that are considered vices, such as alcohol, tobacco and gambling. These types of taxes are collected by governments to deter individuals from participating in such activities without making the use of the products illegal. These taxes also constitute a source of revenue for the government.

4 0
3 years ago
A software package created by Navarro &amp; Associates can be used for analyzing and designing three-sided guyed towers and thre
Andru [333]

Answer:

432.12

Explanation:

3 0
4 years ago
Other questions:
  • Briefly explain one of the parts of henry clay's proposed american system, a comprehensive plan to bring about economic improvem
    9·1 answer
  • - - - - - is the fundamental goods or services offered to the consumer
    8·1 answer
  • Teton Trails manufactures backpacks for adventurers. The backpacks come in two types: Daytripper, and Excursion. Teton anticipat
    13·1 answer
  • Rachel is the managing director of LivviPro Inc., a life insurance agency. She believes in using various disciplines such as soc
    12·1 answer
  • Mark the boxes that are TRUE. 1. One of the largest divestitures in American history occurred when the U.S. Government ruled tha
    12·1 answer
  • . Relaciona el éxito o fracaso que han tenido las industrias con la jerarquía de las necesidades de la pirámide de las Necesidad
    15·1 answer
  • In order to understand how a specific business firm uses information systems, you need to know something about the history and c
    12·1 answer
  • What is the answer because I don’t know
    13·1 answer
  • Under the Federal Insurance Contributions Act, where do the funds for Social
    13·1 answer
  • Felipe's uncle owns a large manufacturing business with offices in three states. this type of business would best be described a
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!