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Westkost [7]
3 years ago
12

Mary's Music Store reported net income of $135,000. Beginning balances in Accounts Receivable and Accounts Payable were $29,000

and $26,000, respectively. Ending balances in these accounts were $30,000 and $24,000, respectively. Assuming that all relevant information has been presented, Mary's net cash flows from operating activities would be:
$132,000.
$134,000.
$136,000.
$138,000.
Business
1 answer:
jok3333 [9.3K]3 years ago
4 0

Answer:

$132,000

Explanation:

Given;

Beginning balances in Accounts Receivable and Accounts Payable were $29,000 and $26,000, respectively

Ending balances in these accounts were $30,000 and $24,000, respectively

Net income = $135,000

Change in payable = $24,000 - $26,000

                               = - $2,000

Change in receivables =  $30,000 - $29,000

                                      = $1,000

Mary's net cash flows from operating activities = $135,000 - $2,000 -$1,000

                                                                              = $132,000

Increase in receivable is a negative cash flow, same as decrease in payable.

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Sveta_85 [38]

<u>Answer:</u> Does not require any privacy policy.

<u>Explanation:</u>

Privacy policy is not stated as compulsory under any federal laws and statutes. Under certain circumstances it is important to provide the privacy policy in the website. When collecting information from children for using the websites.

If the website collects the personal information then according to law it has to provide the ways of usage of these information. Burns medicine shop does not collect children information, financial information or identifiable information so it does not require privacy policy according to law.

8 0
3 years ago
Ignatenko Company purchased office supplies costing $5,000 and increased Supplies for the full amount. Supplies on hand at the e
Leto [7]

Answer:

a. Supplies Expense $3,700Supplies $3,700

Explanation:

The entries required when supplies are purchased is

Debit Supplies account

Credit cash/accounts payable

At the point of use of these supplies, the entries required are

Debit  Supplies expense account

Credit supplies account

Hence the supplies used

= $5,000 - $1,300

= $3,700

Entries to be posted to adjust

Debit  Supplies expense account  $3,700

Credit supplies account      $3,700

6 0
3 years ago
if keynes' law applies during economic contractions and say's law applies during economic expansion, how will the three goals of
Serhud [2]

If Keynes's law applies during economic contractions and Say's law applies during economic expansion, the way in which the three goals of macroeconomics would be affected is that: trade-offs and connections may differ in the short run and the long run.

<h3>What is macroeconomics?</h3>

Macroeconomics can be defined as a study of all the behaviors, performances, and factors that affect the entire economy. This ultimately implies that, macroeconomics typically focuses on aggregate phenomena such as the following:

  • Gross Domestic Product (GDP).
  • Inflation
  • Price level
  • Economic growth.

According to the law established by John Maynard Keynes, demand is an economic factor which creates its own supply. Additionally, the way in which the three (3) goals of macroeconomics would be affected are as follows:

  1. Trade-offs may differ in the short run.
  2. Connections may differ in the short run.
  3. Connections may differ in the long run.
  4. Trade-offs may differ in the long run.

Read more on macroeconomics here: brainly.com/question/29035217

#SPJ1

Complete Question:

If Keynes's law applies during economic contractions and Say's law applies during economic expansion, how will the three goals of macroeconomics be affected?

determinates of total supply for the economy will be traded-off

trade-offs and connections may differ in the short run and the long run

institutional and market structures will connect factors of production

the economy will face genuine limits to how much can be produced

5 0
1 year ago
LUVFINANCE, Inc. is estimating its WACC. The firm could sell, at par, $100 preferred stock that pays a 10 percent annual dividen
ioda

Answer:

the cost of new preferred stock financing is 10.66%

Explanation:

The computation of the cost of new preferred stock financing is given below:

= Annual dividend ÷ [ Price × (1 - flotation cost) ]

= $10 ÷ [ $100 × (1 - 0.0622) ]

= $10 ÷ $ 93.78

= 10.66%

Hence, the cost of new preferred stock financing is 10.66%

The same is to be considered and relevant

4 0
3 years ago
Which of the following statements is CORRECT?
san4es73 [151]

Answer:

The answer is D. Multiple IRRs can only occur if the signs of the cash flows change more than once

Explanation:

A project cannot have multiple IRRs if it is independent. Multiple IRRs can only occur if the signs of the cash flow change more than once. For a project to have more than one IRR, then both IRRs must be greater than WACC. If a project's NPV is greater than zero, then it's IRR must be less than zero.

Multiple IRRs occur when a project has more than one internal rate of return. The problem arises where a project has non-normal cash flow (non-conventional cash flow pattern).

Internal rate of return (IRR) is one of the most commonly used capital budgeting tools.

6 0
3 years ago
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