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4 years ago

A system that is used for trading contracts for future delivery of cattle is known as

Business

1 answer:

m_a_m_a [10]4 years ago

6 0

Answer:

Cattle Future Contracts

Explanation:

A system that is used for trading contracts for future delivery of cattle is known as Cattle Future Contracts

Cattle futures contracts are agreements which are legally binding between the buying and selling party, for cattle to be delivered at a set date in the future and are negotiated at a futures exchange.

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has the following current assets: cash, $1,200; receivables, $1,500; inventory, $2,000 and other current assets, $1,300. Airline

pogonyaev

Answer:

Current Ratio = 1.5

Working Capital = $2,000 million

Explanation:

Current Ratio = Current Assets / Current Liabilities

= ($1,200 + $1,500 + $2,000 + $1,300) / ($1,000 + $3,000)

= $6,000 / $4,000

= 1.5

Working Capital = Current Assets - Current Liabilities

= $6,000 million - $4,000 million

= $2,000 million

5 0

3 years ago

On January 1 of the current year, Anna and Jason form an equal partnership. Anna contributes $25,000 cash and a parcel of land (

FinnZ [79.3K]

Answer:

Explanation:

3 0

3 years ago

The comparative balance sheets for Montalvo Company show these changes in noncash current asset accounts: accounts receivable de

fomenos

Answer:

The $286,900 is the net cash which is provided by the operating activities using the indirect method.

Explanation:

The computation of net cash provided by operating activities using the indirect method is shown below:

= Net income - decrease in accounts receivables - increase in prepaid expenses - increase in inventories

= $268,900 + $80,000 - $28,500 - $33,500

= $286,900

The decrease in accounts receivable impact the cash balance in a positive manner. So, it is added whereas, the increase in prepaid expenses and the increase in inventories have a negative impact on cash balance that's why it is deducted.

These transactions have an inflow and outflow of cash. That's why the adjustment is done accordingly

Hence, the $286,900 is the net cash which is provided by the operating activities using the indirect method.

7 0

3 years ago

The percentage of the US labor force that is unemployed is known as the __________.

melamori03 [73]

Answer:

Explanation:

5 0

3 years ago

Prepare an income statement for Hansen Realty for the year ended December 31, 2017. Beginning inventory was $1,251. Ending inven

katovenus [111]

Answer:

HANSEL REALTY

Income Statement

For Year Ended December 31, 2017

Sales_____________________ 35200

Sales return and allowances__ 1095

Sales discount______________ 1155

Net Sales__________________32950

Cost of sales________________10267

Gross Margin______________ 24933

Operating Expenses

Salary expense_____________ 5350

Insurance expense__________ 2750

Plumbing expense__________ 253

Total expenses_____________ 8353

EBITDA____________________16580

Othee expenses

Depreciation_______________ 118

Rent expense______________ 213

total other expenses_________ 331

Net income_________________16249

Explanation:

Cost of sales

Begining Inventory__________ 1251

+Purchases________________ 10662

-Purchases discount_________ 43

-Ending Inventory___________ 1603

Cost of sales________________10267

Sales_____________________ 35200

Sales return and allowances__ 1095

Sales discount______________ 1155

Net Sales__________________32950

Cost of sales________________10267

Gross Margin______________ 24933

Operating Expenses

Salary expense_____________ 5350

Insurance expense__________ 2750

Plumbing expense__________ 253

Total expenses_____________ 8353

EBITDA____________________16580

Othee expenses

Depreciation_______________ 118

Rent expense______________ 213

total other expenses_________ 331

Net income_________________16249

3 0

3 years ago