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Alisiya [41]
3 years ago
10

Austin Financial recently announced that its net income increased sharply from the previous year, yet its net cash provided from

operations declined. Which of the following could explain this performance?
a) The company’s dividend payment to common stockholders declined.
b) The company’s expenditures on fixed assets declined.
c) The company’s cost of goods sold increased.
d) The company’s depreciation expense declined.
e) The company’s interest expense increased.
Business
1 answer:
Helen [10]3 years ago
5 0

Answer:

Option D) The company’s depreciation expense declined.

Explanation:

It happens  because when company´s depreciation decrease you have less cost of sales and an improvement in the Gross Margin and hence in the Net Income, but this enhancement in the Net Income has an opposite effect on Net Cash because less depreciation means less total cash,

Total Cash it's defined by Net Income plus Depreciation, a less Depreciation means less Net Cash.

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On July 9, Mifflin Company receives an $7,200, 90-day, 8% note from customer Payton Summers as payment on account. What entry sh
Dmitry [639]

Answer:

Oct 6  Cash                             7344 Dr

                 Interest Revenue         144 Cr

                Notes Receivable         7200 Cr

         

Explanation:

First we calculate the day on which notes receivable is due.

We start from July 9 as being our first day and in July there are 31 days so 31 - 8 = 23

In August there are 31 days.

In September there are 30 days.

So total days till september are 22+31+30 = 84

So the note is due to be received on October 6.

The amount of interest due is 7200 * 0.08 * 90/360 = $144

The entry to be passed on Oct 6 is a debit to cash for the amount of principal and interest (7200+144) and a credit to interest revenue of 144 and notes receivable of 7200

7 0
4 years ago
Joanna, a manager at TravelWorld, has set up a committee to develop procedures for dealing with company-wide training needs and
KengaRu [80]

Answer:

Organizing.

Explanation:

As Joanna is a manager at TravelWorld. She has set up a committee to develop procedures for dealing with company-wide training needs and assigned people to conduct specific training programs. Joanna is engaged in organizing management function. In organizing function, effective managers arrange the work to achieve the defined organisational goals. Managers perform the organizing function when they organize and determine the particular tasks which are required to be done, who would be doing what, grouping the tasks, who will be reporting to whom and who is going to make the decisions accordingly.

7 0
3 years ago
Krazy Kayaks sells its entryminuslevel kayaks for​ $750 each. Its variable cost is​ $500 per kayak. Fixed costs are​ $25,000 per
Daniel [21]

Answer:

Net operating income= 565,000

Explanation:

Giving the following information:

Krazy Kayaks sells its entry-level kayaks for​ $750 each. Its variable cost is​ $500 per kayak. Fixed costs are​ $25,000 per month for volumes up to​ 1,100 kayaks. Above​ 1,100 kayaks, monthly fixed costs are​ $60,000.

Sales= 2,500*750= 1,875,000

COGS= (500*2,500)= (1,250,000)

Gross profit= 625,000

Fixed costs= (60,000)

Net operating income= 565,000

7 0
3 years ago
__________ unemployment refers to loss of jobs due to a recession or a similar downturn in the economy.
Eva8 [605]

Answer:

Cyclical unemployment is the loss of jobs due to a recession or downturn in an economy.

Explanation:

Cyclical unemployment is a type of unemployment. It is also known as Keynesian or deficient-demand unemployment. This type of unemployment occurs when the overall demand in an economy is not enough to provide jobs to the people who want to work. Cyclical unemployment is observed during the periods of slow economic growth or recession.

4 0
3 years ago
Explain how marketing<br> can be used to solve social<br> problems
Anon25 [30]

Corporate social marketing using business resources to develop and, or implement behavior change activities aimed at improving the welfare of the public health, safety, the environment or the community. Due to favorable behavior change is always the focus and the expected results, the real difference for individuals, society and businesses make. To maximize the marketing advantages of a social marketing campaign target companies should be directly related

You might need to re write this considering i got it off of a website cuz yk  teachers lol just you can just change it with a plagiarism changer

7 0
3 years ago
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