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qwelly [4]
3 years ago
6

Which of the following statements is CORRECT? a. In the statement of cash flows, a decrease in inventories is subtracted from ne

t income in the operating activities section. b. In the statement of cash flows, a decrease in accounts payable is subtracted from net income in the operating activities section. c. In the statement of cash flows, depreciation is subtracted from net income in the operating activities section. d. Dividends do not show up in the statement of cash flows because dividends are considered to be a financing activity, not an operating activity. e. In the statement of cash flows, a decrease in accounts receivable is subtracted from net income in the operating activities section.
Business
1 answer:
mamaluj [8]3 years ago
8 0

Answer:

b. In the statement of cash flows, a decrease in accounts payable is subtracted from net income in the operating activities section.

Explanation:

Operating activities: It involves those transactions that even after net income affect the working capital. It would subtract the rise in current assets and a reduction in current liabilities, while adding the decline in current assets and a rise in current liabilities.

These adjustments would be reflected in working capital. In addition the depreciation costs are applied to the net income and the loss on the sale of assets is added while the gain on the sale of assets is deducted

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Before polling students in the Scion of Business, a researcher divides all the current students into groups based on their class
kari74 [83]
The answer is C. Stratified random sampling is a method of sampling that involves the division of a population into smaller sub-groups known as strata. In stratified random sampling or stratification, the strata are formed based on members' shared attributes or characteristics such as income or educational attainment. Since the students are divided into classes, this is a stratified random sample.
8 0
3 years ago
Some part of income inequality is likely to be the result of discrimination. But other factors responsible for inequality includ
balandron [24]

Answer:

Differences in abilities and talents

Explanation:

Income inequality refers to variation or discrepancy between income levels of individuals. Income inequality arises on various accounts one of which being, difference in abilities and talents.

All individuals possess different skill sets and their efficiencies vary too. Some individuals are more creative and talented than others while some are more laborious and hardworking.

Each skill set has it's own demand and thus, income is fixed as per the demand of a particular skill set for a given sector.

This leads to some earning lot more than others and differences in pay scales as per the abilities individuals possess.

6 0
3 years ago
On June 15, Oakley Inc. sells inventory on account to Sunglass Hut (SH) for $4,500, terms 4/10, n/30. On June 20, SH returns to
Georgia [21]

Answer: $3360

Explanation:

Based on the information given in the question, the amount of cash paid by SH to Oakley will be calculated as thus:

SH will be entitled to a discount of 4% since the payment was made within the discount period, therefore, the discount that is applicable will be:

= $4500 - $1000

= $3,500

Therefore, the amount of cash payment that is made by SH to Oakley will be:

= $3,500 - (4% × $3,500)

= $3500 - (0.04 × $3500)

= $3500 - $140

= $3360

Therefore, the amount of cash paid by SH to Oakley is $3360.

7 0
3 years ago
Assume that Sandhill Co. uses a periodic inventory system and has these account balances: Purchases $420,800; Purchase Returns a
ivolga24 [154]

Answer:

Cost of goods Sold = $384,000

Gross Profit = $259,000

Explanation:

Cost of goods sold = Opening Inventory + Net Purchase - Closing Inventory

Opening Inventory = $58,100  Closing Inventory = $92,600

Net Purchases = Purchase - Purchase Return - Discounts + Freight in

Freight in forms part of cost of purchase because without this expense inventory cannot be bought in.

Net Purchases = $420,800 - $11,900 - $8,100 + $17,700 = $418,500

Cost of goods Sold = $58,100 + $418,500 - $92,600 = $384,000

Gross Profit = Sales - Cost of Goods Sold

= $643,000 - $384,000 = $259,000.

6 0
3 years ago
Which of the following types of accounts do NOT require an adjusting entry?
trasher [3.6K]
I think it is d. none are correct
6 0
3 years ago
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