Answer:
Check the explanation
Explanation:
Cash flow from operating activities:
Net income $116
Adjustment to reconcile net income to cash basis:
Depreciation expense ($359+1-347) $13
Gain on sale of equipment (14)
Decrease in account receivable (40-39) $1
Decrease in inventory (44-43) $1
Increase in account payable (30-26) $4
Decrease in accrued liabilities (18-15) (3)
Decrease in income tax payable (40-39) (1)
Net cash flow from operating activities $117
I think the correct answer is A. Investors who buy preferred stock receive dividends after the common stock shareholders. Preferred stock is a stock type that gives right to the owner a fixed share of the company's profit or fixed dividend.
Answer:
Discuss the concerns you have with the supervisor in charge.
Explanation:
It is wrong under the ethics code to ignore a clear sign that an intervention is required be it in business decision making or in this case, construction. It is your obligation to report any abnormality noticed to the supervisor in charge.
Answer:
The customer should pay $48.5
Explanation:
Terms of sale 3/10, n/30 means there is a discount of 3% is available on payment of due amount within discount period of 10 days after sale with net credit period of 30 days.
As per given data
Sale = $100
Sales return = $50
Receivable = $100 - $50 = $50
As the payment is made within discount period, so discount will be availed on the amount due
Discount = $50 x 3% = $15
Payment by Customer = $50 - $1.5 = $48.5
Answer: The correct answer is "sole proprietorship".
Explanation: The profits are donated to an orphanage. In the given scenario, Jovi's Corner is most likely an example of a <u>sole proprietorship.</u>
Clearly Jovi's Corner is an example of sole proprietorship since at the death of its owner there was no heir to manage the store or any partner or employee who had sufficient capacity and interest to continue managing the store.
