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Kitty [74]
3 years ago
11

A statement of cash flows explains the differences between the beginning and ending balances of: Multiple Choice Net income. Equ

ity. Cash and cash equivalents. Working capital. Cash, cash equivalents, and short-term investments.
Business
2 answers:
Verdich [7]3 years ago
3 0

Answer:

So answer is Cash and cash equivalents.

Explanation:

A statement of cash flows is one of the key financial statements that reports the the differences between the beginning and ending balances of by classifying into different activities such as operating, investing and financing of cash and cash equivalents.

muminat3 years ago
3 0

Answer:cash and cash equivalents

Explanation:

It was on quizlet

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When applying for a loan, the lending institution evaluates a potential borrower's ability to complete repayment on a loan, cash
viktelen [127]

Answer:

D. Capacity

Explanation:

In order to applying for a loan, the financial institution analyze the borrower information in terms of creditworthiness i.e. collateral property, cash on hand, repayment conditions, status of the job. These factors should be based on the capacity of the borrower whether he or she is eligible for a loan or not

Therefore according to the given situation, the option D is correct and the same is to be considered

6 0
3 years ago
The owner of Shady Grove Company has the bookkeeper write company checks to pay for his personal items. This violates __________
Rainbow [258]

Answer:

The separate-entity assumption

Explanation:

The separate-entity assumption is a principal in accounting according to which the financial transactions of a business and the personal expenses of the owners is to kept separate from each other. The expenses derived solely for the business is only to be counted under the expenses of the company. Inclusion of any personal expenses of the owner or any partner of the business is prohibited under this principal.  

In the given excerpt, the owner of Shady Grove Company had violated the separate-entity assumption by including the expenses of his personal items under the name of the Company.

7 0
2 years ago
Ayayai Corp. had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 2022 Purchase 102 $42 Mar. 14,
Dominik [7]

Answer:

Income after tax = $1666

Explanation:

LIFO (Last-In-First-Out) is a method of inventory valuation where the goods that are received last are used first. In other words, the latest stock is used first. This is common for bulky inventory, stacked one on top of another.

In order to obtain the after-tax income, both the gross profit and income before tax are required. To obtain gross profit, we require the cost of goods sold information. The inventory information is as follows:

Feb 1 : Purchases : 102 units x $42 = $4284

Mar 14 : Purchases : 175 units x $44 = $7700

May 1 : Purchases : 124 units x $46 = $5704

288 units were sold

The COGS would be:

124 x $46 = $5704

164 x $44 = $7216

Thus COGS : $5704 + $7216 = $12920

Gross profit : Sales - COGS

Sales : $59 x 288 = $16992

Gross Profit = $16992 - $12920 = $4072

Income before tax : Gross Profit - Expenses

Operating expenses : $1692

Income before tax = $4072 - $1692 = $2380

Income after tax : Income before tax - (tax rate x income before tax)

Tax rate : 30%

Income after tax = $2380 - ($2380 x 30%) = $1666

7 0
3 years ago
Haley romeros had just been appointed vice president of the rocky mountain region of the bank services corporation (bsc). the co
cluponka [151]

computerized database

7 0
3 years ago
Types of Control Systems Controlling is one of the basic functions of management. It is critical to an organization's effectiven
Annette [7]

Answer: Option D

Explanation: In simple words, controlling refers to the function of management in which manager sets the standards of performance, compares the performance with the standards and take corrective actions in case of any discrepancy.

Controlling helps the organisation to achieve its goals by making the employees working towards the same goal determined in the planning stage. Controlling sets the standards of performance for the employees which works as a guide in their job.

Hence the correct option is D.

5 0
3 years ago
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