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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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Reynolds Manufacturers Inc. has estimated total factory overhead costs of $95,000 and expected
Jobisdone [24]

Answer:

The correct answer is D

Explanation:

Computation of allocation of factory overhead cost for the Job NO 117:

Now, computing the rate of overhead allocation as:

Pre- determined rate of overhead allocation = Estimated aggregate overhead / estimated number of labor hours

where

Estimated aggregate overhead is $95,000

Estimated number of labor hours is 9,500 hours

Putting the values above:

= $95,000 / 9,500 hours

= $10 per hour.

Computing the overhead cost to be allocated to Job No 117 as:

Overhead cost to be allocated to Job No 117 = Number of direct labor hours  × pre- determined rate of overhead

where

Number of direct labor hours is 2,300 hours

Pre- determined rate of overhead allocation  is 10 per hour

Putting the values above:

= 2,300 hours × $10 per hour

= $23,000

8 0
3 years ago
George works in the accounting department at the Green Goddess Lawn Services, where it is his job to record all transactions int
Sedbober [7]

Answer:

The correct answer is post the information to the ledger.

Explanation:

In accounting, the general ledger is a document where all the transactions of corporations are recorded in chronological order. Each account must have a different book, which must be affected each time the accounts are involved in this process. These records make it possible to know the movements in a more detailed way, since unlike the journal in this case, only a single group of accounts is known and not the whole.

7 0
3 years ago
Flanders Company purchased an asset on January 1, 2021 for $60,000. The asset has an estimated salvage value of $3,000. Its esti
emmasim [6.3K]

Answer:

$14,250

Explanation:

Annual depreciation = (Cost - Salvage value) / Useful Life

Annual depreciation = ($60,000 - $3,000) / 8

Annual depreciation = $57,000 / 8

Annual depreciation = $7,125

Accumulated dep. at December 31, 2022 = $7,125 * 2

Accumulated dep. at December 31, 2022 = $14,250

So, the balance in accumulated depreciation using the straight-line method at December 31, 2022 is $14,250.

7 0
3 years ago
The Hydro Index is a price weighted stock index based on the 5 largest boat manufacturers in the nation. The stock prices for th
adelina 88 [10]

Answer:

price divisor after split is 4.5

Explanation:

given data

stock prices = $10

stock prices = $20

stock prices = $80

stock prices = $50

stock prices = $40

solution

we find here first price weighted index for all 5 stock that is

price weighted index = \frac{10+20+80+50+40}{5}

price weighted index = $40

so

price weighted index before split is $40

so after split last stock became half

so new price divisor

we consider denominator to be x

so

40 = \frac{10+20+80+50+40}{x}

x =  \frac{10+20+80+50+40}{40}

x = 4.5

so price divisor after split is 4.5

4 0
3 years ago
At December 31, Hawke Company reports the following results for its calendar year. Cash sales $ 1,285,070 Credit sales $ 3,610,0
Lady_Fox [76]

Answer:

Explanation:                                              Dr                      Cr

1)

Allowance for doubtful account

3%*3610000                                                                    108300

Bad debt expense                                  108300

2)Allowance for doubtful account

2%*(1285070+3610000)                                                 146,852.10

Bad debt expense                                 146,852.10

3)Allowance for doubtful account

1093830*6%                                                                       65,629.80

Bad debt expense                                    65,629.80                

7 0
3 years ago
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