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NeX [460]
3 years ago
6

Accounts receivable from sales transactions were $51,000 at the beginning of the year and $64,000 at the end of the year. Net in

come reported on the income statement for the year was $105,000. 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 is?
Business
1 answer:
PtichkaEL [24]3 years ago
4 0
<h2>Answer: $78,00</h2>

Accounts receivable from sales transactions were $51,000 at the beginning of the year and $64,000 at the end of the year. Net income reported on the income statement for the year was $105,000. 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 is?

Accounts receivable from sales transactions were $51,000 at the beginning of the year and $64,000 at the end of the year. Net income reported on the income statement for the year was $105,000. 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 is?

Accounts receivable from sales transactions were $51,000 at the beginning of the year and $64,000 at the end of the year. Net income reported on the income statement for the year was $105,000. 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 is?

Explanation:

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A phone company offers two monthly charge plans. In Plan A, there is no monthly fee, but the customer pays cents per minute of u
Andreas93 [3]

Answer:

For more than 180 minutes of phone use.

Explanation:

Let m represent number of minutes of phone use in a month.

We have been given that in Plan A, there is no monthly fee, but the customer pays $0.06 per minute of use.

The cost of using m minutes in plan A would be 0.06m.

We are also told that in Plan B, the customer pays a monthly fee of $4.80 and then an additional $0.03 per minute of use.

The cost of using m minutes in plan B would be 0.03m+4.80.

To find the amounts of monthly phone when Plan A will cost more than Plan B, we will set cost of plane A greater than cost of plan B as:

0.06m>0.03m+4.80

Let us solve for m.

0.06m-0.03m>0.03m-0.03m+4.80

0.03m>4.80

\frac{0.03m}{0.03}>\frac{4.80}{0.03}

m>180

Therefore, Plan A will cost more than Plan B for more than 180 minutes of phone use.

4 0
4 years ago
"Which bond recommendation would be the LEAST safe for an individual who seeks income that is free from federal income tax?"
topjm [15]

Answer:

A. AA-rated revenue bond that is escrowed to maturity

Explanation:

As first option is the bond that the issuer of bond called back prior to the matured. It occurs when there is a fall in the rate of interest

The second option is backup by a pledge that involves full trust and contains the secure option that enables an individual free from the federal income tax

The third option are issued by the authorities that are local and governed by the U.S government so it become secure that enables an individual free from the federal income tax

The fourth option is the mix of revenue bonds and the obligation bonds hat involves full trust and contains the secure option that enables an individual free from the federal income tax

7 0
3 years ago
Several years ago, John purchased 2,000 shares of Red Corporation's § 1244 stock from Mark for $40,000. Last year, John sold one
irga5000 [103]

$17,000 amount of loss can John can deduct for the current year

Explanation:

Given,

John paid 2,000 worth of Red Corporation's $1244 share

Mark for $40,000

Mike for $12,000

John sold the remaining assets of Red Company for $3,000.

John has a typical risk of $17,000 ($3,000 – $20,000) for the current year.

The given statement is False.

John did not purchase the stock from Red Corporation; thus, he will not have a balance of $1244.

He does have a long-term capital risk of $17,000.

6 0
3 years ago
Jessica finds out that the government introduced a new trade policy that will increase import tariffs. She calls for a meeting o
Andreyy89
To negotiate a balance in costs between the tax on imported goods and the cost to the company for production.
6 0
3 years ago
A young graduate looks to save money to buy a house 8.00 years from today. He is somewhat conservative and will invest his money
maw [93]

Answer:

amount = $10923.60

Explanation:

given data

time t = 8 year

rate r = 5 %

principal P =  $10,880.00

solution

we will use here amount formula that is

amount = principal ×  (1+\frac{r}{100})^{t}       ...............................1

put here value we get and we get the amount that is

amount = $10880 × (1+\frac{0.05}{100})^{8}

amount = $10923.60

so his account be worth in 8.00 years is $10923.60

 

7 0
3 years ago
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