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nekit [7.7K]
3 years ago
14

Randy is an accountant at XYZ Store Co. In January the store had $150,000 in sales, $35,000 in payroll, $20,000 in rent and util

ities, and $20,000 in inventory purchased. In February it had $175,000 in sales, $39,000 in payroll, $25,000 in rent and utilities and $45,000 in inventory purchased. Randy has been asked to provide the net cash flow for each of the two months. He also needs to determine the percentage growth of cash flow from January to February. He has asked for your help in calculating these figures.
Starting hint: Determine the percentage growth from January to February by first identifying the net cash flow for each month. Divide the net cash flow in February by the net cash flow in January and subtract the result by 1.

--I know this probably isn't hard, but I've hit a wall and am just too tired, burned-out, and in need of a break to be able to do this. It's due tomorrow so please help! Thanks!
Business
1 answer:
xenn [34]3 years ago
5 0

Net cash flow is basically the difference of the cash balance from the beginning of the period to the end of the period. For this instance, we take sales and subtract the listed expenses.

January = 150,000 - 35,000- 20,000 -20,000 = 75,000 net cash flow

February = 175,000 - 39,000 - 25,000 - 45,000 = 66,000 net cash flow

For the change you divide (February/January) -1 or (66,000/75,000)-1= -.12

The growth in cash flow was -12%

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For questions 1-10, fill in the blank with the letter of the term that best matches the description.
LuckyWell [14K]

Following are the correct terms for the descriptions provided.

1. Coverage

2. Risk Management

3. Insurer

4. Premium

5. Liability

6. Policy

7. Actuary

8. Claim

9. Deductible

10. Insurance

<h3>Explanation</h3>

The correct answers for the explanation given in the question is described above.

An Insurance Company is called an Insurer, its products are called policy, they provide coverage for loss, this is a type of risk management, a person calculating all the figures is known as an Actuary, monthly or annually premiums are payable and claim can be made once the insured condition is met.

<h3 />

Therefore the answers are following

1. Coverage

2. Risk Management

3. Insurer

4. Premium

5. Liability

6. Policy

7. Actuary

8. Claim

9. Deductible

10. Insurance

Learn more about Business at brainly.com/question/26538066

3 0
3 years ago
An individual who has NO prior experience in starting up a business, inheriting a business or purchasing a business.
NemiM [27]

Answer:

i do

Explanation:

is this a question?

4 0
3 years ago
he following information is available for completed Job No. 402: Direct materials, $170000; direct labor, $230000; manufacturing
sveticcg [70]

Answer:

The correct answer is $112,000

Explanation:

First of all, let us lay out the information given:

Direct materials = $170,000

Direct Labor = $230,000

Manufacturing overhead = $160,000

Cost of production = Direct material + Direct Labor + Manufacturing overhead = 170,000 + 230,000 + 160,000 = $560,000

Number of units produced = 5000 units

Number of units sold = 4000 units

Number of units left on hand = 5000 - 4000 = 1000 units (units produced - units sold)

Next, we will calculate the cost of production of a single unit of finished product as follows:

5000 units = $560,000

∴ 1 unit = 560,000 ÷ 5000 = 112

Finally, since the number of unit on hand is 1,000 units, we will find the cost of unit on hand as follows

1 unit = $112

∴ 1000 unit = 112 × 1000 = $112,000

3 0
3 years ago
You are a manager at Abrasivebit, a drill bit manufacturer. Recently, your boss asked you to hire a new field service technician
Dahasolnce [82]

Answer:

The correct answer is publish an advertisement on an internet job site

Explanation:

The job offer is the total amount of work offered by individuals in an economy.

The job offer must be based, fundamentally, on the remuneration obtained by it. Although there are also other factors that influence the supply of work, such as working conditions, the existence of extra-salary remuneration, the possibilities of promotion in employment and training at work, among others.

6 0
3 years ago
Review the transactions listed below for thyme advertising company, and classify each transaction as either an operating activit
soldi70 [24.7K]

Answers:


1.       Financing Activity


2.       Operating Activity


3.       Operating Activity


4.       Non Cash Activity


5.       Financing Activity


6.       Non Cash Activity


7.       Operating Activity


8.       Investing Activity


9.       Non Cash Activity


What to remember:


Operating activities are the kinds of activities the company accomplishes to generate profits. This includes cash out flows and inflows.


Investing activities contain the purchase or sale of long-lived assets used in operating the business, or the purchase or sale of investment securities (stocks and bonds of companies other than Thyme).


Financing activities are borrowing money, issuing shares of stock, and paying dividends.

5 0
3 years ago
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