<span>Characteristics of just-in-time partnerships do not include:
a.focus on core competencies.
b.removal of in-transit inventory.
c.long-term contracts.
d.large lot sizes to save on setup costs and to gain quantity discounts.
e.produce with zero defects.
The answer is B</span>
Answer:
The amount of cash received by Banks Company is $34,300
Explanation:
The computation of the cash received by the bank company is shown below:
= Merchandise amount - discount
where,
Merchandise amount is $35,000
And, the discount equal to
= Merchandise amount × discount percentage
= $35,000 × 2%
= $700
Now put these values to the above formula
So, the value would equal to
= $35,000 - $700
= $34,300
Answer:
The firm’s beginning cash balance on June 1 is $ 205.
Explanation:
We have to use the following the formula to reach to the beginning cash
Beginning Cash balance june 1 = Beginning cash balance may 1 + sales - expenses
Beginning Cash balance june 1 = [$175] + [$430] - [$110 + $290]
Beginning Cash balance june 1= $ 205
Important. The may sales are not included in the calculation because accounts receivable time is 30 days, so may accounts receivable wont be collected until june.
Answer:
A) subtraction from net income under the operating activities section
Explanation:
Under the indirect method to determinate the cashflow from operating activities we reconcile the net income with the change in the net working capital.
The working capital is the current assets and current liabilities.
For this case, the account receivable account, increase to 48,000 from 45,000
This increase means, less sales were collected, so cash "outflow" as the cash from sale is not being converted into cash. It could also be understand as the company use 3,000 in financing their customers. This also is seeing as a decrease in cash flow.
Answer:
b. $7,000
Explanation:
Statement of Cash-flow from Financing activities
Particulars Amount
Issue common Stock $110,000
Dividend paid -$3,000
Retirement of bonds payable -<u>$100,000</u>
Net cash flow from financing activities <u>$7,000 </u>