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
stealth61 [152]
3 years ago
10

Sales for the year were $500,000. Accounts receivable were $100,000 and $80,000 at the beginning and end of the year, respective

ly. Cash received from customers to be reported on the cash flow statement using the direct method is a.$520,000. b.$480,000. c.$500,000. d.$600,000.
Business
1 answer:
anygoal [31]3 years ago
4 0

Answer:

a.$520,000

Explanation:

                                                                                  Amount($)

Sales for the year                                                       500,000

Opening accounts receivable                                   100,000

Closing accounts receivable                                   <u>  (80,000)</u>

Cash received from customers                               <u>  520,000</u>

Cash received from customers to be reported on the cash flow statement using the direct method is $520,000.

Cash flow statements are usually stated using the direct method or indirect method.

You might be interested in
How is creative thinking similar to a child’s thinking? A. Neither process restricts itself to logical solutions. B. Both though
-BARSIC- [3]

Answer: D. Both thought processes are linear

Explanation: I think I'm not too certain.

5 0
2 years ago
The goal of utility maximization is to allocate your ______ in order to maximize your ______.
inn [45]
<span>The goal of utility maximization is to allocate your resources in order to maximize your satisfaction.
Utility maximization is a concept which is used in the economics which explains that when a person is making a decision to purchase anything, he/she prefer to get the greatest value that is possible but at the least amount of money.
</span>
5 0
3 years ago
Because an organization has limited influence on market growth rate, its main alternative for moving an SBU on the portfolio ana
svetlana [45]

Answer:

The correct answer is inject cash into it.

Explanation:

Every day, central banks lend money to private banks through auctions. The extraordinary thing about these new liquidity injections starring the European Central Bank or the US Federal Reserve is not so much the operation itself, as the situation in which they occur.

In this case, problems arise when, due to distrust, banks do not lend money to each other, operations that are common when the system is working properly.

With extraordinary placements, the central entities replace that lack of funds that private banks have not been able to obtain from their partners and, at the same time, at a cheaper price - at a lower interest rate.

6 0
3 years ago
The questions of economics address which of the following? Chec
katen-ka-za [31]

Answer:

What

How

Who

Explanation:

Because ALL economic resources are scarce, every society must answer three questions:

1. What goods and services should be produced?

2. How should these goods and services be produced?

3. Who consumes these goods and services?

5 0
3 years ago
If total deposits in bank A total $15 million and the required-reserve ratio is 10 percent, than excess reserves equal:_______
victus00 [196]

Answer:

$13.5 million  

Explanation:

Fractional Banking System- This is banking system where banks are required by the central banking authority to keep a certain percentage of their total deposit as the minimum reserve which they cannot lend out.

The idea behind this requirement is to help manage liquidity risk- a situation where a bank does not have enough cash to meet its deposit customers demand.

Required-reserve ratio: The minimum percentage that banks are required to keep as reserve is known as the required-reserve ratio. In this question, it is given as 10%. Multiply this ratio by the total deposit and you will get the required reserve in dollar amount.

Therefore the required reserve for this bank = 10% ×$15 million= $1.5 million

Excess reserve; Excess reserve is the balance of the total deposit over and above the required reserve. The bank can lend and create loan asset from this balance.

It is calculated as = Total deposit - Required reserve

So we apply this to our question

        Excess reserve = $15 million - (10% × $15 million)

                               = $15 million - $1.5 million

                              = $13.5 million

7 0
3 years ago
Other questions:
  • When the indirect method is used, if accounts receivable increases during the accounting period, the change in accounts receivab
    12·1 answer
  • You determine that a robot welder is malfunctioning on your assembly line because final inspection has revealed a loose connecti
    13·1 answer
  • Assume that in January 2017, Vivendi announced a €1.2 billion bond issuance. The bonds have a coupon rate of 6.75% payable semia
    13·1 answer
  • If the Federal Reserve tightens the money supply, other things held constant, short-term interest rates will be pushed upward, a
    9·1 answer
  • Do you feel that there is a difference in the quality of a private brand versus a national brand? Why or why not?
    8·1 answer
  • Which among the forces in the macroeconomics has the most impact on a company? why?
    9·1 answer
  • How can professional assist school leavers to be successful business owners
    6·1 answer
  • Match the factors to the target capital structure preferred.
    8·1 answer
  • Which one of the following is common between optimization using total value and optimization using marginal​ analysis?
    9·1 answer
  • Based on peter drucker's list of common practices of successful managers, should isabel mcdonald get the newly created executive
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!