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vladimir2022 [97]
3 years ago
5

The most recent comparative balance sheet of Giacomelli Corporation appears below: Which of the following classifications of cha

nges in balance sheet accounts as sources and uses is correct? Select one: a. The change in Accounts Payable is a source; The change in Accrued Wages and Salaries payable is a use b. The change in Accounts Payable is a use; The change in Accrued Wages and Salaries payable is a use c. The change in Accounts Payable is a source; The change in Accrued Wages and Salaries payable is a source d. The change in Accounts Payable is a use; The change in Accrued Wages and Salaries payable is a source
Business
1 answer:
Delvig [45]3 years ago
8 0

Answer:

The correct option is B: "The change in Accounts Receivable is a source; The change in Inventory is a use"

Explanation:

However, you will need to look at the asset section as well in order to determine the correct response to this question statement. Depending on how the accounts receivable and inventory changes, you will be able to ascertain which is a source and which is a use. For instance, if the balance in Accounts Receivable and the Inventory has increased, the change is a use. And vice versa.

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Dixie is a product of the Digby company. Digby's sales forecast for Dixie is 506 units. Digby wants to have an extra 10% of unit
n200080 [17]

Answer:

556.6 or 557 units

Explanation:

Given that,

Digby's sales forecast for Dixie = 506 units

Digby wants to have an extra units on hand above and beyond their forecast = 10%

Production units = Sales × (1 + Reserve Percentage)

                             = 506 × (1 + 10%)

                            = 506 × 110%

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5 0
3 years ago
Your stockbroker executed the following trades for your account: • 50 shares of Kaiser Aluminum at $104 a share • 100 shares of
katrin2010 [14]

Answer:

$46.51

Explanation:

The weighted arithmetic mean can be defined as:

M = \frac{n1P1 + n2P2 +n3P3}{n1 +n2+n3}

Where n is the number of shares and P is the share price, then:

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