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crimeas [40]
3 years ago
12

Seminole Company began year 2017 with 23,000 units of product in its January 1 inventory costing $15 each. It made successive pu

rchases of its product in year 2017 as follows. The company uses a periodic inventory system. On December 31, 2017, a physical count reveals that 40,000 units of its product remain in inventory.

Business
1 answer:
Rom4ik [11]3 years ago
4 0

This question is incomplete.

The complete question, answer & explanation for this question is given in the attachment below.

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MOSS COMPANY Selected Balance Sheet Information December 31, 2018 and 2017 2018 2017 Current assets Cash $ 90,650 $ 32,800 Accou
Andru [333]

Answer:

 $65,250

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $5,000

Adjustment made:

Add : Depreciation expense $48,000

Add: Decrease in accounts receivable $13,000 ($31,000 - $44,000)

Less: Increase in inventory -$10,700 ($66,000 - $55,300)

Add: Increase in accounts payable $10,700 ($42,400 - $31,700)

Less: Decrease in income tax payable-$750  ($2,650 - $3,400)

Total of Adjustments $60,250

Net Cash flow from Operating activities                       $65,250

8 0
3 years ago
Firms may invest in fewer projects as a result of A. an increase in interest rates that increase economic growth. B. an increase
kupik [55]

Answer: B. an increase in interest rates that decrease economic growth.

Explanation:

If interest rates were to rise in an Economy, that would mean that the cost of borrowing just rose. The rise in the Cost of Borrowing reduces consumer spending as well as business investment. This will therefore lead to a lower Aggregate demand. A lower AD in the Economy usually leads to a decrease in economic growth.

Now, if such things were to happen, a firm may definitely invest in fewer projects because first off it will be more expensive for them to borrow and invest because of the high rates. They will also be discouraged because of the Decrease in economic growth as the chances of their projects doing well will be drop in a depreciating economy.

7 0
3 years ago
Blank describes the practice of products and services traded between countries around the world.
Mamont248 [21]

Global Trade

This is the exchange of goods and services across international borders - international/global trade typically represents a large portion of a country's GDP.

8 0
3 years ago
Read 2 more answers
Trevor gets a haircut before his interview. He wears his best suit to the interview. Walking into the room, he says hello, looks
marysya [2.9K]

Answer:

b. his eye contact.

Explanation:

Eye contact defines that it occurs when two people look at each other at the same time. It is a part of non-verbal communication when two people look at each other and thus its impact on social behavior.

Now, According to the given situation, Trevor gets a haircut and he dressed well for the interview. He is entering into the room of interview, wished and shake his hand to the interviewer after looking into his hand. Here, Trevor needs to improve his eye contact with their skills and abilities at the time of the interview.

6 0
3 years ago
Is a promise to refrain from doing an unlawful act and, therefore, is a promise that will not support a contract.
aleksley [76]

I'm a little confused on this question however, I'm 99% sure the answer is illusory promise because an illusory promise is one that does not hold any legal weight due to it possibility being a biased and non mutual agreement and it's just a verbal contract in the place of a paper contract.


6 0
4 years ago
Read 2 more answers
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