1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ANEK [815]
3 years ago
7

Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $28,0

00; net cash used in investing activities was $10,000 and net cash used in financing activities was $12,000. If the beginning cash balance is $5,000, what is the ending cash balance?
$55,000.
$45,000.
$31,000.
$6,000.
$11,000.
Business
1 answer:
mixas84 [53]3 years ago
6 0
The ending cash balance will be $11,000.

$28,000- $12,000
$16,000
$16,000-$10,000
$6,000
$6,000+$5,000
$11,000
You might be interested in
Which option best describes the main behavior that economics studies?
lina2011 [118]

Answer:

A. People creating different governments around the world

Explanation:

economics looks at how the world’s resources are used by and distributed among individuals and organizations.

5 0
3 years ago
When a wealthy individual invests his or her own money into a business project or start-up company with little intention to infl
kaheart [24]

​The answer is: Angel investor

Angel investors only injected their capital with the businesses if they believe that the leaders are capable in making the decision by their own.

This hands-off approach in investments tend to be reall risky. But Angel investors tend to be wealthy enough to the point where they can afford the financial blow back even if a couple of their start up investments fail.

7 0
3 years ago
Finerly Corporation sells cosmetics through a network of independent distributors. Finerly shipped cosmetics to its distributors
hjlf

Answer:

$0

Explanation:

Finerly should recognize $0 of revenue upon delivery to distributors. Because of the uncertainty of the returns due to the fact that Finerly does not know if it will have to accept the cosmetics back from the distributors if the cosmetics are not sold, Finerly cannot or should not recognize revenue until it either can estimate in a better way its returns or when the sales actually occur.

7 0
3 years ago
Zephron Music purchased inventory for $4,400 and also paid a $260 freight bill. Zephron Music returned 25​% of the goods to the
asambeis [7]

Answer:

Cost of the inventory kept by Zephron Music is $3495

Explanation:

<u><em>Zephron Music purchased inventory for $4,400 and also paid a $260 freight bill</em></u>

Inventory $4660 (debit)

Trade Payable $ 4400 (credit)

Bank $260 (credit)

Recognise an Asset - Inventory and De-recognise asset - Bank

<u><em>Zephron Music returned 25​% of the goods to the seller, took a 1​% purchase discount</em></u>

Trade Payable $1212

Inventory $1165 (credit)

Discount Received $47 (credit)

Therefore Inventory Balance = $4660-1165 = $3495

6 0
3 years ago
William and Charlotte Collins divorced in November of year 1. William moved out and Charlotte remained in their house with their
anzhelika [568]

Answer: B. Charlotte

Explanation:

Preference is given to people that live with the dependent so this puts William at the least priority because he doesn't live with Autumn thereby leaving Charlotte and her mother.

Preference is then given to the biological parents of the dependent which means that Diana is has second priority. Charlotte is therefore the the most preferred to claim her daughter as a dependent which would allow her greater tax deductions.

5 0
3 years ago
Other questions:
  • You decide to form a portfolio of the following amounts invested in the following stocks. What is the expected return of the por
    12·1 answer
  • The Physical Inventory Worksheet is used when: Multiple Choice inventory items are physically placed in the warehouse All of the
    5·1 answer
  • What is the Porter's 5 forces model?
    8·1 answer
  • Nathan noticed that a company that has great potential just declared a​ ________ because its stock price was getting too high fo
    11·1 answer
  • MC Qu. 1-130 A company's financial records at the end.
    7·1 answer
  • Question 3 of 10
    5·1 answer
  • Which of the following measures the relationship between cost of merchandise sold and the amount of inventory carried during the
    13·1 answer
  • The following income statement and balance sheets for Virtual Gaming Systems are provided.
    9·1 answer
  • When bonds are issued at a premium, the total interest cost of the bonds over the life of the bonds is equal to the amount of
    10·1 answer
  • All the airlines that fly to the island country of Klerwada distribute tourist information pamphlets in their flights. These pam
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!