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gtnhenbr [62]
3 years ago
15

The income statement and selected balance sheet information for Direct Products Company for the year ended December 31 are prese

nted below. Income Statement Sales Revenue $ 39,600 Expenses: Cost of Goods Sold 16,500 Depreciation Expense 1,100 Salaries and Wages Expense 8,100 Rent Expense 3,600 Insurance Expense 1,450 Interest Expense 1,350 Utilities Expense 950 Net Income $ 6,550 Selected Balance Sheet Accounts Ending Balances Beginning Balances Accounts Receivable $ 580 $ 620 Inventory 800 675 Accounts Payable 440 500 Prepaid Rent 33 24 Prepaid Insurance 29 36 Salaries and Wages Payable 62 41 Utilities Payable 28 19
Required:

Prepare the cash flows from operating activities section of the statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.)
Business
1 answer:
tamaranim1 [39]3 years ago
5 0

Answer:

The answer is attached;

Explanation:

Download xlsx
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Dilution Solutions, Inc. repurchased 500 shares of its $2 par value common stock for $10,000. The effect of this transaction on
Sedbober [7]

Answer: $10,000 increase in Treasury Stock

Explanation:

Treasury stock, is also known refered to as the treasury shares and it occurs when stock is bought buy the issuing company back from the stockholders.

This results in the reduction in the total number of outstanding shares that can be found on the open market. In the above scenario, since Dilution Solutions, Inc. repurchased 500 shares of its $2 par value common stock for $10,000, this will bring about a $10,000 increase in the treasury stock.

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2 years ago
Why aren‘t magazine photos a good representation ofwhat a healthy person looks like?
Arte-miy333 [17]
Magazine photos are not a good representation of what a healthy person looks like because they often show pictures of people who has a skinny and or people who only has built or toned body without having to discuss other factors that should be considered such as mentally or psychologically. They are mostly focused on the physical appearance.
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3 years ago
2)Torres Inc. recently began production of a new product, the halogen light, which required the investment of $600,000 in assets
madreJ [45]

Answer:

The selling price is $99

Explanation:

The selling price of the product can be computed by adding required profit margin to the unit cost of the product.The required profit margin is the 10% return on invested assets.

Total variable cost           $59*10000                =$590,000

Fixed expenses ($180,000+$60,000)               =$240,000

desired profit margin(10%*$600,000)                =$60,000

Total sales revenue                                              =$990,0000

price per unit=$990,000/10000=$99

The cost-plus approach to product pricing gives $99

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3 years ago
Parents can reduce their taxes by:
shusha [124]

Parents can reduce their taxes by using a child care tax credit. The government gives parents tax credit for each child that they have. Unlike tax deduction and exemption, tax credit can be able to reduce more in the parents’ tax bill. Tax deduction just tries to lower the taxable income and not a reduction in other areas. 

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3 years ago
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What recommendations/actions would you provide to a coworker if they did not understand an email that was written by their super
valentina_108 [34]

My recommendation would be: communicate directly to the supervisor to clarify the intend of the email

Most employees believed that asking clarification to their supervisor would reflect badly on them since it make them look incompetent.

But most supervisors are trained to provide employees with guidance if they do not understand their assignment. And, following the wrong order would be significantly worse compared to not able to understand an email.

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3 years ago
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