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Llana [10]
2 years ago
6

Nash's Trading Post, LLC had an increase in inventory of $88800. The cost of goods sold was $414400. There was a $22200 decrease

in accounts payable from the prior period. Using the direct method of reporting cash flows from operating activities, what were Nash's's cash payments to suppliers?
Business
1 answer:
makkiz [27]2 years ago
4 0

Answer: $525,400

Explanation:

From the question, we are informed that Nash's Trading Post, LLC had an increase in inventory of $88800, the cost of goods sold was $414400 and that there was a $22200 decrease in accounts payable from the prior period.

Using the direct method of reporting cash flows from operating activities, Nash's's cash payments to the suppliers will be:

= $88,800 + $414400 + $22200

= $525,400

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DiKsa [7]

Answer:

The answer is "400 meals at 2.50 dollars a day".

Explanation:

Please find the complete question and the solution in the attachment file.

In this question, when we compare the MR value as well as the MC, the monopolist produces up to the point where MR>MC.

In this, it happens before 400 meals at 2.50 per day and, so "400 meal at 2.50 dollars a day".

8 0
2 years ago
Joe Dumars Company has outstanding 40,000 shares of $5 par common stock which had been issued at $30 per share. Joe Dumars then
satela [25.4K]

Answer:

<u>Transaction 1</u>

Assets - Decrease by $225,000

Cash expended to acquire shares = 5,000 * 45 = $225,000

Liabilities - No effect

Stockholders' equity - Decrease by $225,000

Increase in Treasury shares leads to decrease in the amount stockholders hold.

Paid In Capital - No effect

Retained Earnings - No Effect

Net Income - No Effect

<u>Transaction 2</u>

Assets - Increase by $98,000

Cash increased because of sale of stock = 2,000 * 49 = $98,000

Liabilities - No effect

Stockholders' equity - Increase by $90,000

= 2,000 * 45 = $90,000

Cost method means that when debiting from Treasury account, use original cost.

Paid In Capital - Increase by $8,000

If stock is sold for amount different from what it was bought, it goes into this account. If it is larger than it was bought for then this account increases and vice versa.

Retained Earnings - No Effect

Net Income - No Effect

<u>Transaction 3</u>

Assets - Increase by $20,000

Cash from sale of stock = 500 * 40 = $20,000

Liabilities - No effect

Stockholders' equity - Increase by $22,500

= 500 * 45 = $22,500

Paid In Capital - Decrease by $2,500

If stock is sold for amount different from what it was bought, it goes into this account. If it is smaller than it was bought for then this account decreases and vice versa.

Retained Earnings - No Effect

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4 0
3 years ago
for fannie mae, appraisals of manufactured homes in a condominium project are to be reported on the form and modular homes are t
BARSIC [14]

For Fannie Mae appraisals of manufactured homes in a condominium project are to be reported on the The <u>1004C</u>  form.

For Fannie Mae appraisals of modular homes are to be reported using <u>the standard URAR form.</u>

<h3>What is Fannie Mae appraisals?</h3>

Fannie Mae is known to be a firm that helps to guide one through appraisals. The appraisal is one that is often used to talk or judge the property in regards to its acceptability for the mortgage loan  that is often requested because of its value as well as its marketability.

Therefore,  For Fannie Mae appraisals of manufactured homes in a condominium project are to be reported on the The <u>1004C</u>  form. For Fannie Mae appraisals of modular homes are to be reported using <u>the standard URAR form.</u>

Learn more about appraisals from

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5 0
1 year ago
Your company incurs a cost for factory rentfactory rent​, ​which, in the short​ run, is fixed. What happens to this cost in the
mixas84 [53]

Answer:

A. becomes a variable cost

Explanation:

Fixed costs are the expenses that remain constant in a period. During the period under review, fixed costs do not change regardless of the level of output. Fixed costs are mostly made up of overheads such as rent , depreciation, and administrative salaries.

Fixed cost remains constant in a particular financial year. In the long run,  business budgets and projections tend to change, resulting in changes to the fixed cost. In other words, in the long run, fixed costs will change. Therefore, in the long run, all costs are variable expenses.

5 0
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In functions of business, what is an example of management?
love history [14]

The four primary functions of managers are planning, organizing, leading, and controlling. By using the four functions, managers work to increase the efficiency and effectiveness of their employees, processes, projects, and organizations as a whole.

4 0
2 years ago
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