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Snowcat [4.5K]
3 years ago
5

Accounts receivable arising from trade transactions amounted to $62,000 and $78,000 at the beginning and end of the year, respec

tively Net income reported on the income statement for the year was $125,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method are________ Setect one:
a. $140,000
b. $109,000.
c. $141,000.
d. $125,000.
Business
1 answer:
maks197457 [2]3 years ago
3 0

Answer: b. $ 109,000.

Explanation:

Cash flow after extraordinary effects: US $ 125,000

Use of funds in accounts receivable: (US$ 78,000- US$ 62,000) = US$ 16,000

Cash flow from operating activities = 109,000

The variation of accounts receivable is subtracted, because they have not collected accounts receivable, which represents a decrease in cash.

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An important goal of a responsibility accounting framework is to help ensure which of the following?
MariettaO [177]
<h2>segment and company financial goals are congruent.</h2>

Explanation:

I think the options are missed and hence given below for your reference:

a) decision-making is made by the top executives.

b) investments made by each segment are minimized.

c) identification of operating segments that should be closed.

d) segment and company financial goals are congruent.

Let us understand the meaning:

Congruent: It means two or more things coincides when superimposed.

Financial goals: The target which needs to be achieved in the current financial year.

Segments: Segment speaks about the location, product or service provided by the company.

Financial goals are necessary so that it would be easy to organize and work towards the specific goal.

For the business goal to be achieved, every organization should frame financial targets or goals.

So the important goal is to achieve segment and company financial goals and they become congruent when achieved.

3 0
4 years ago
Help please
RSB [31]
Everything looks correct
4 0
3 years ago
Read 2 more answers
The population of the world in 1987 was 5 billion and the relative growth rate was estimated at 2 percent per year. assuming tha
scoundrel [369]
A = Pe^(rt) 
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6 0
3 years ago
The rate established at the beginning of a period that uses estimated overhead and an allocation factor such as estimated direct
Bumek [7]

Answer:

Predetermined overhead rate

Explanation:

The predetermined overhead rate is the rate that is computed by taking the estimated manufacturing overhead and the same would be divided by allocation factor that could be estimated direct labor, estimated direct hours, etc in order to assign the overhead cost

So according to the given situation, the first option is correct i.e. predetermined overhead rate

5 0
3 years ago
A cash register tape reflected total sales equaling $100, but the cash in the cash register drawer equaled $105. Review the stat
Zolol [24]

Answer:

The answer is given below;

Explanation:

The $ 5 collected will be treated as miscellaneous revenue.The cash over and short account will be credited for $5.

As the cash receipts are $ 105 and sales revenue is $100.The difference amount will be treated as miscellaneous revenue.

The journal entry will be;

Cash   Dr.$105

Sales Revenue    Cr.$100

Miscellaneous revenue Cr.$5

7 0
4 years ago
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