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LiRa [457]
3 years ago
6

Springer Corporation had the following transactions in​ August: Earned $3,000 of revenues on​ account; collected $4,000 from a c

ustomer for services provided last​ month; incurred $400 of repair expense and paid​ cash; paid $300 for rent that it owed from the previous month. What is the net income in​ August?
Business
1 answer:
LuckyWell [14K]3 years ago
5 0

Answer:

6300

Explanation:

Net income is the amount of income remaining after payments have been made. So sum up all receipt and subtract all payments to get net income

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Crane Company has these comparative balance sheet data:
algol13

Answer and Explanation:

A. Current ratio= current assets/current liabilities

= 33900+158200+135600/113000 = 2.9

B. Account Receivable Turnover = Sales/ Average account receivables

= 379100 -28000/158200+135600/2) = 2.39

c) Average collection period =

365/ account receivable turnover

= 365/2.39 =

152.72 days

D. inventory turnover = cost of goods sold / average inventory

= 203800/135600+113000/2 = 1.64

E. Days in inventory = 365/inventory turnover=

365/1.64 = 222.561 Days

F. Cash debt coverage

= cash from operating activities - dividend / total debt

= (58000 - 19600 )/(226000) = 0.17

G. Current cash debt coverage = net cash provided by the operating activities / average current liabilities

=58000 /113000 + 135600/2) = 0.467

H. Cash flow available = cash flow from operating activities - Capital Expenditure- Cash Dividend

$(58000-27500-19600)

= $10900

4 0
3 years ago
The current economy is strong and many people are feeling confident about their future and ability to pay off debt. Because of t
mixas84 [53]

Answer:

They would increase the quantity supplied of loans and increase the interest rate

Explanation:

Monetary policy

This is simply refered to as alterations or changes in the interest rate to alter or influence the level of aggregate demand in an economy that is the demand side policy.

The central banks are known to be regulators of commercial banks and bankers to governments. The interest rate is the price of money. They manages interest rates to influence the money supply. They set the base rate of interest and the base rate influences all other interest rates that commercial banks use (i.e. savings rate, mortgage rate, car loan rate

7 0
3 years ago
What do you understand by forester?​
FromTheMoon [43]
That he will forever stay by the position
6 0
2 years ago
Heidi shares in the video that she has an open-door policy in which she invites her franchise owners and their employees to shar
STatiana [176]

Answer:

A) Establish high standards for being hired for any Camp Bow Wow job and set commensurately high compensation.

Explanation:

Setting compensation that is competitive will keep employees happy with the work that they are putting and they will feel that they are being fairly rewarded for the amount of work that they are doing. Also maintaining high standards will keep business processes running smoothly and always present the company with the opportunity to implement new ideas as staff are competent and will most likely be eager to adopt the innovative ideas / concepts. Feeling as though it is a privilege to work for Camp Bow Wow will keep employees motivated and eager to perform.

8 0
3 years ago
You are sitting around the fire at a lodge in Dillingham, Alaska, discussing a fishing expedition you are planning with your col
Orlov [11]

As indicated in the Preliminary Scope  Statement, some of the potential risks associated with the fishing expedition are:

  • Risk of Water damage to equipment;
  • Risk of drowning
  • Risk of potential loss of fishing equipment. etc.

<h3>What is a Preliminary Scope Statement?</h3>

A Preliminary Scope Statement is a written or documented statement that highlights the significance and level of a project as well as its objectives.

When writing a Preliminary Scope Statement, the goals or objectives have to be itemized in a manner that is:

  • Easy to understand
  • Actionable; and
  • Measurable.

Learn more about the Preliminary Scope Statement at:
brainly.com/question/15195620

#SPJ1

6 0
2 years ago
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