All categories

3 years ago

The first step in creating a cash flow statement is which of the following?

Business

1 answer:

yKpoI14uk [10]3 years ago

3 0

Answer:

C. Recording Income.

Explanation:

The first step to prepare a cash flow statement is to show the Net Income of that company. It is an operating cash flow activities, one of three activities of cash flow statement.

Answer Choice A can not be the answer as the company cannot record any goals in cash flow because cash flow is a statement of cash inflow and outflow.

Answer choice B cannot be the answer as expenses are not shown in the cash flow statement either (If indirect method). However, after adjusting prepaid and advance or paid to suppliers are shown below the noncash account.

Answer choice D is not an option as tax information can be shown only if they are accrued or prepaid.

Therefore, C is the correct answer.

You might be interested in

Expenditures capitalized as long-lived assets generally include those expenditures that:

photoshop1234 [79]

Answer:

Explanation:

8 0

3 years ago

Data that are gathered without overt questioning or other types of interactions with consumers have become a new and valuable so

velikii [3]

Answer:

C) Passive data is the correct answer.

Explanation:

Passive data are the data that is collected without the involvement and without requesting the user.

Passive data is also called as implicit data.

passive data are collected without active participation and passive data are gathered from a phone call, text activity, and global positioning methods.

Examples of passive data are:

Internet browsers.

Mobile phones.

Web sites.

4 0

4 years ago

Equilibrium price is $10 in a perfectly competitive market.For a perfectly competitive firm,MR = MC at 1,200 units of output.At

White raven [17]

Answer:

A) shut down; losses; $15,600

Explanation:

A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry. Firms earn zero economic profit in the long run.

If in the short run, price is less than average variable cost, the firm should shut down. In this question, price ($10) is less than average variable cost ($18). The firm should shut down in the short run.

Profit or loss = Total revenue - Total cost

($10-$23) x 1200 = -$15,600

The firm is earning a loss because average total cost in greater than price.

I hope my answer helps you

8 0

3 years ago

A natural barrier that faces Argentina when it sells beef to Siberia is: Group of answer choices custom regulations distance gov

Eduardwww [97]

A natural barrier that faces Argentina when it sells beef to Siberia is distance.

<h3>Why distance is a barrier to trade?</h3>

Due to the fact that markets within countries are typically closer together than markets between countries, distance reduces international trade in comparison to domestic trade. Most overseas markets have higher transportation expenses than they do for domestic markets, frequently by a significant margin. Given that distance seems to restrict trade more than can be compensated for by transportation, it is possible that distance is also linked to greater non-transportation trade costs.

For example, the price of carrying the beef from Argentina to Siberia could make it too expensive even though farming beef there may be less expensive than raising beef in the freezing cold of Siberia. Thus, one of the inherent obstacles to international trading is distance.

Learn more about trade barriers here:

brainly.com/question/27863334

#SPJ4

4 0

2 years ago

Excellent Printers has contracts to complete weekly supplements required by forty-six customers. For the year 2018, manufacturin

Lady bird [3.3K]

Answer:

B. Money Managers is grossly under billed for the job, while other jobs will be unfairly over billed

Explanation:

The single overhead rate would be $ 0.07 per page

Overhead Rate = $ 840,000/ 12 million pages = 0.07 per page.

The other rates are

design changes rate = $ 120,000/300= $ 400 per design

Inspections rate = $ 80,000/8000= $ 10 per inspection

Setups rate = $ 640,000/5000= $ 128 per setup

Money managers will be under billed for the job as the overhead rates for other costs are higher than the single overhead rate which is $ 0.07 per page.

And if other overhead rates are used other jobs will be over billed.

Using a single overhead rate for 60,000 pages for Money Managers would mean 60,000 * $ 0.07 = $ 4200

Where as if the same job is billed using other overhead rates it would cost

Money Managers $ 6860 = $ 4000 + $ 2560 + $ 300

Design = $400 * 10 = $ 4000

Setups = $ 128 * 20 = $ 2560

Inspections $ 10 * 30 = $ 300

So it is under billed and other jobs over billed.

4 0

3 years ago