Answer:
Cash flow from operating activities $141.8
Explanation:
Cash received from customers during the reporting period
A.Sales $ 545.0+ 22.0 Decrease in accounts receivable = $567
B.
Cash paid to suppliers of the goods
Cost of goods sold 218.0 +Increase in inventory 93.0 +Decrease in accounts payable 56.0 =$367
C.
Cash paid to employees
Salaries expense $ 65.0 -Increase in salaries payable 37.0 = $28
D.
Cash paid for insurance
Insurance expense 42.0 -Decrease in prepaid insurance 17.0 =$25
E.
Cash paid for income tax
Income tax expenses 91.0 -Increase in income tax payable 85.8 =$5.2
(2)
Cash received from customers during the reporting period $567
Cash paid to suppliers of the goods ($367)
Cash paid to employees($28)
Cash paid for insurance ($25)
Cash paid for income tax ($5.2)
Cash flow from operating activities $141.8
Answer:
- Dr Merchandise Inventory 5,800
- Cr Accounts Payable 5,800
Explanation:
The only records that Anders Company should make on May 1 regarding the purchase of the merchandise form Shilling is:
Debit record Merchandise Inventory 5,800 (since merchandise inventory is an asset account, when it increases it should be debited)
Credit record Accounts Payable 5,800 (since accounts payable is an liability account, when it increases it should be credited)
Contractionary monetary policy entails increasing the money supply, increasinginterest rates, and decreasing aggregate demand.
<h3>What is contractionary monetary policy?</h3>
A contractionary monetary policy serves as a type of monetary policy which do bring about reduction in the the rate of monetary expansion to fight inflation.
Therefore, Contractionary monetary policy entails increasing the money supply.
learn more about contractionary monetary policy at:
brainly.com/question/13926715
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Answer: Inspection station should be established.
Explanation:
Cost to company if defect is not detected:
= Cost to replace * percentage defects * number of units tested per hour
= 25 * 0.02 * 20 units
= $10 per hour
Inspector is paid $8 per hour.
The fees to the inspector are less than the cost of replacement so the Inspection station should be established as it saves costs.
