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Law Incorporation [45]
3 years ago
7

How do industry or external changes impact the things that you do personally?

Business
1 answer:
kotykmax [81]3 years ago
4 0
External changes from industry have great impact in the things that we do personally. Every moment there are new technology that are being developed that simplified our daily life. With this fast paced improvement in our technology, we tend to adapt and make use of those new technology to improve our daily activities. It can be in a form of entertainment, communication or travelling.
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The following balances are available for Chrisman Company:
kenny6666 [7]

Answer:

Chrisman Company

Statement of Cash Flows for the year ended December 31, 2016

(using the indirect method):

Operating activities:

Adjusted cash from operations      $61,000

Changes in working capital:

Accounts receivable                         -5,000

Inventory                                           10,000    

Prepaid rent                                      -3,000

Accounts payable                              2,000

Income taxes payable                      -2,000

Short-term notes payable               10,000

Net cash from operating activities 73,000

Investing activities:

Equipment                                    -100,000

Financing activities:

Bonds                         -25,000

Common stock           50,000      25,000

Net cash flows                             -$2,000

Explanation:

a) Data and Calculations:

                                            December 31     December 31     Changes

                                                  2016                2015

Cash                                        $8,000            $10,000             -$2,000

Accounts receivable              20,000               15,000                5,000

Inventory                                 15,000              25,000              -10,000

Prepaid rent                             9,000                 6,000                3,000

Land                                       75,000               75,000                0

Plant and equipment          400,000            300,000             100,000

Accumulated depreciation (65,000)             (30,000)              35,000

Totals                               $462,000            $401,000    

Accounts payable              $12,000              $10,000              $2,000

Income taxes payable           3,000                 5,000                -2,000

Short-term notes payable  35,000               25,000                10,000

Bonds payable                    75,000              100,000             -25,000

Common stock                200,000               150,000              50,000

Retained earnings            137,000                 111,000              26,000

Totals                             $462,000             $401,000

b) Net income $26,000

Depreciation 35,000

Adjusted cash from operations = $61,000

c) The statement of cash flows can be prepared using either the direct method or the indirect method.  The indirect method affects mainly the operating activities section and starts with the net income and adjusts it with non-cash items before considering the changes in the working capital.  The statement is a financial statement that classifies the cash flows during the period into three main categories: operating, investing, and financing activities.  There are also non-cash flows involving accounts that do not cause any cash flows.

4 0
3 years ago
What boy do you simp for in Harry Potter?
Vanyuwa [196]
I simp for Ron Weasley
4 0
2 years ago
Read 2 more answers
During 2019, Zigma Company earned service revenue amounting to $800,000, or which $645,000 was collected in cash; the balance wi
timofeeve [1]

Answer:

$800,000

Explanation:

Given that;

Sales revenue = $800,000

Cash collected = $645,000

Remaining amount cash collected in January = $155,000

And the delivery of goods is $11,100

Here, since the service revenue earned is $800,000 and same amount would be reported under the income statement, other items given would be ignored.

It therefore means that the sum of $800,000 should be the 2019 income statement report for service revenue.

8 0
2 years ago
A work system has five stations that have process times of 5, 9, 4, 9, and 8. What is the throughput time of the system?A. 7B. 4
-Dominant- [34]

Answer:

D

The throughput time of the system is 35

Explanation:

When we talk of the throughput time of a system, we are referring to the total time utilized from the start of the job to the end

So to calculate the throughput time of this system, we simply need to add all the hours of work together (proceeds time)

That would be; 5 + 9 + 4 + 9 + 8 = 35

4 0
3 years ago
Checking a credit report is a good way to
tangare [24]
I think its A cuz its about good or bad credit all the time
7 0
3 years ago
Read 2 more answers
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