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3 years ago

Hampton Company reports the following information for its recent calendar year.

Business

1 answer:

romanna [79]3 years ago

4 0

Answer:

Cash Flow from Operating Activities

Net Income $24,000

Adjustments for Non-Cash items :

Depreciation expense $12,000

Adjustments for Changes in Working Capital :

Increase in Accounts receivable ($10,000)

Decrease in Inventory $16,000

Increase in Salaries payable $1,000

Net Cash from Operating Activities $43,000

Explanation:

The Indirect method reconciles the Operating Profit to Operating Cash Flow by adjusting the Operating Cash flow with the following items :

Non-cash items previously deducted or added to Operating Profit.
Changes in Working Capital.

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Menlo Company distributes a single product. The company’s sales and expenses for last month follow: sales 616,000 net operating

DerKrebs [107]

Answer:

Explanation:

Giving the following information:

The company’s sales and expenses for last month follow: sales 616,000 net operating income 31,200

Break-even point= fixed costs/ contribution margin

Break-even point (dollars)= fixed costs/ contribution margin ratio

Contribution margin= selling price - unitary variable cost

Contribution margin ratio= contribution margin/ selling price

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3 years ago

How do your clothing preferences differ from those of your

Trava [24]

Answer:

Is what you like different from other people?

Explanation:

The are asking a personal question. "How do your clothing preferences differ from those of your friends?" do you and your friends have the same style or are you different.

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3 years ago

Can I Plss get some help on this

Verdich [7]

Based on the inflation rate and the fact that it is rising, the right recommendation would be to A. raise the reserve ratio.

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Inflation can be reduced when the reserve ratio is raised because it will reduce the amount of money that banks have to loan out.

This means that there will be less money in the economy which will reduce inflation because less money means less demand for goods and services.

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2 years ago

Accounts receivable turnover and days’ sales in receivables For two recent years, Robinhood Company reported the following: 20Y9

jasenka [17]

Answer:

Accounts receivable for 2019 = $590,000

Accounts receivable for 2018 = $570,000

Explanation:

The computation of accounts receivable for both years is shown below:-

2019 2018

Sales $7,906,000 $6,726,000

Accounts receivable

Beginning balance $600,000 $540,000

Ending balance $580,000 $600,000

Accounts receivable $590,000 $570,000

Working note:-

Average Accounts receivable for 2019 = ($600,000 + $580,000) ÷ 2

= $590,000

Average Accounts receivable for 2018 = ($540,000 + $600,000) ÷ 2

= $570,000

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3 years ago

What is the permeter of a rectangle

AlekseyPX

The perimeter is the total distance around the outside of a shape. In the case of a rectangle, opposite sides of the rectangle are equal. Here is a formula for finding the perimeter of a rectangle: P=2(l+w) or Perimeter = 2 × length + width

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3 years ago