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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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Taxes on the purchase of specific items such as gasoline, cigarettes, or alcoholic beverages are called _____ taxes.
marishachu [46]

Answer:

<em>Taxes on the purchase of specific items such as gasoline, cigarettes, or alcoholic beverages are called </em><em><u>excise</u></em><em> taxes.</em>

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2 years ago
Which of the following statements is CORRECT?
Lera25 [3.4K]

Answer:

c. The "apparent," but not necessarily the "true," financial position of a company whose sales are seasonal can change dramatically during a given year, depending on the time of year when the financial statements are constructed.

Explanation:

Financial statements are used to show the financial activity of a business within a given period.

One of the principles of a accounting is periodicity. This requires businesses to report their financial position at regular intervals consistently, and not in an inconsistent manner. So if a business reports their finances twice a year. At year end and at mid year, it is possible that at mid year due to seasonal sales performance will be high and business is perceived to be highly profitable.

But financial report at end of year in the off-season will show low performance.

So for seasonal businesses there can be apparent view of a business during the year that can change dramatically because of time at which reports are made.

3 0
3 years ago
The relationship between the number of years for the mortgage / home loan and the monthly payment amount.
dsp73

Answer:

If A = { a , c , e } , B = { b , c , d ) and C = { a , c , d , f ) , find n ( A n B n C)

4 0
2 years ago
Ethan Manufacturing Inc. produces floor mats for automobiles. The owner, Joseph Ethan, has asked you to assist in estimating mai
Lelu [443]

Answer:

Month       Maintenance      Machine     Equation       MAPE

                 costs                   hours          error (Abs.)

1                $2,750                1,840           $269            9.78%

2               $2,910                 1,920           $197             6.77%

3               $3,060                2,000          $135              4.41%

4               $3,170                 2,020            $47              1.48%

5               $<u>3,250</u>                <u>2,050</u>                0                 0%

6               $3,220                2,030             $8             0.25%

7               $3,160                 2,010            $46              1.46%

8               $3,000                1,990           $184             6.13%

9               $2,770                1,850           $260            9.39%

10             <u>$2,370</u>                <u>1,250</u>                  0                 0%

11              $2,380                1,450             $210           8.82%

12             $2,600                1,740            $309           <u>11.88%</u>

                                                                                    60.37%

variable cost per unit = (highest activity cost - lowest activity cost) / (highest activity units - lowest activity units) = ($3,250 - $2,370) / (2,050 - 1,250) = $880 / 800 units = $1.10 per unit

fixed cost = $3,250 – ($1.10 x 2,050) = $995

Cost model = $995 + $1.10X

2. Calculate the mean absolute percentage error (MAPE) for the cost equation you developed in requirement 1.

MAPE = 60.37% / 12 = 5.03%

5 0
3 years ago
The capital asset pricing model (CAPM) is based on the premise that: Group of answer choices Neither systematic nor unsystematic
Dahasolnce [82]

Answer:

only systematic variability in cash flows is relevant.

Explanation:

A capital asset pricing model is a model that is used for determining  the theoretically appropriate required rate of return for an asset, and to make the decisions about the adding assets to a well-diversified portfolio. It is the relationship between the systematic risk and the expected return for the assets. It is based on the premises that the only systematic variability in the cash flows is very relevant.

8 0
3 years ago
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