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Hitman42 [59]
3 years ago
15

Hong kong clothiers reported revenue of $5,000,000 for its year ended december 31, 2016. accounts receivable at december 31, 201

5 and 2016, were $320,000 and $355,000, respectively. using the direct method for reporting cash flows from operating activities, hong kong clothiers would report cash collected from customers of:_________ a) $5,045,000. b) $5,000,000. c) $4,965,000. d) $5,035,000.
Business
1 answer:
Eddi Din [679]3 years ago
3 0

Answer:

C) $4,965,000.

Explanation:

cash collected form customers = accounts receivable beginning balance + total revenue - accounts receivable beginning balance = $320,000 + $5,000,000 - $355,000 = $4,965,000

The direct method only uses actual cash outflows and inflows to calculate the cash flow from operating activities.

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Innovation activities are often aimed at making a discovery or commercializing a technology ahead of competition. What are some
Ira Lisetskai [31]

Answer:

lack of consumer safety

Explanation:

One of the biggest unethical practices that occur during the innovation process is lack of consumer safety. The entire idea of the innovation process is to try and create something truly functional that has not been done before and release it way before any competitor can create a similar product. In this rush to create the product, producers completely ignore many obvious faults that the product may have and/or any dangers it may pose to the consumer as long as the product works as intended.

7 0
2 years ago
When supervisors directly oversee the actions of employees, monitoring employees' work and correcting problems as they occur, __
pickupchik [31]
The answer to this question is <span>concurrent control
Concurrent control refers to the type of control by management in order to make sure that all employees are meeting the required regulations and standard.
This type of control is used to make sure that employees will always meet company's expectation so the company could realize all of its planned goals.

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7 0
3 years ago
Patagonia donates at least 1% of profits to support environmental causes. There products are also produced under safe, fair, leg
Alchen [17]

Answer: corporate social responsibility practice

Explanation:

Corporate social responsibility occurs when organizations contribute to societal goals by supporting practices that are ethically oriented and have a positive effect on the economy.

Since Patagonia donates at least 1% of profits to support environmental causes and is contributing positively to the economy, then Patagonia is practicing corporate social responsibility practices.

6 0
2 years ago
You have an investment account that started with ​$3 comma 000 10 years ago and which now has grown to ​$6 comma 000. a. What an
zloy xaker [14]

Answer:

The correct answer for option (a) is 7.17% and for option (b) is $48,546.69.

Explanation:

According to the scenario, the given data are as follows:

(a) Present value = $3,000

Future value = $6,000

Time period = 10 years

So, we can calculate the annual rate of return by using following formula:

Rate of return = (( FV ÷ PV)^1/t  -1)

= (( $6,000 ÷ $3,000)^1/10 -1)

= (2)^0.1 - 1

= 1.07177346254 - 1

= .07177 or 7.17%

(b) Present value = $12,000

Rate of interest (r) = 15%

Time period = 10 year

So, we can calculate the Future value by using following formula:

FV = PV × ( 1+r)^t

= $12,000 × ( 1 + 15%)^10

= $12,000 × 4.04555773571

= $48,546.69

8 0
3 years ago
John has two hours of free time this evening. He ranked his alternatives, first go to a concert, second go to a movie, third stu
sasho [114]

Answer:

a.Attending a movie

Explanation:

The opportunity cost is the cost or value or the item foregone. That is way opportunity cost is also known as alternative foregone.

It is also known as the real cost. When the wants are listed in a scale of preference in the order of priority, the limited resources is used to satisfy the first item on the list while the next unfulfilled want is the opportunity cost.

Therefore, for John, the opportunity cost is attending the movie, option a.

6 0
3 years ago
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