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jeka57 [31]
4 years ago
6

The cost of merchandise sold during the year was $54,000. Merchandise inventories increased by $2,000. Accounts payable increase

d by $3,000. Using the direct method of reporting cash flows from operating activities, cash payments for merchandise are calculateda. $47,000
b. $51,000
c. $53,000
d. $49,000
Business
1 answer:
denpristay [2]4 years ago
6 0

Answer:

C=$53000

Explanation:

using the direct method of cash flow

 Cash flow from operating Activities                                                        

opening stock Assumed     =                   Nil

Cost of goods sold           =                  54000

Add: Stock increased by =                   2000

Total Purchases (54+2)   =                   56000

Closing Paybles Increase by =            (3000)

Cash Payments =  opening + Purchases-closing payables

Cash Payments = Nil+56000-3000 = 56000

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Karen has always been passionate about fashion, so she went to fashion school to learn more about it and opened her own clothing
Alina [70]

Answer:

intrinsic reward

Explanation:

In the context of business, it can be said that in this scenario Karen is experiencing what is known as an intrinsic reward. This term refers to rewards that come from within the individual, in other words the satisfaction that they are feeling or the way they perceive meaning in the work that they do. Which in this case the intrinsic rewards that Karen is experiencing is the deep satisfaction when doing her job and finding new styles for her store.

3 0
4 years ago
Weston Corporation just paid a dividend of $3.75 a share (i.e., D0 = $3.75). The dividend is expected to grow 9% a year for the
Butoxors [25]

Answer:

D1 = $4.085

D2 = $4.46

D3 = $4.86

D4 = $5.01

D5 = $5.16

Explanation:

As per the data given in the question,

DO = $3.75

Dividend expected to grow = 9%

Dividend grow later = 4%

D1 = DO(1+ Dividend1) = $3.75(1+9%)  

=$3.75(1.09)

=$4.085

D2 = DO(1+ Dividend1 )( 1 + Dividend2)

= $3.75(1+9%)(1+9%)

= $4.46

D3 = DO(1+Dividend1)(1+Dividend2)(1+Dividend3)

= $3.75(1+9%)(1+9%)(1+9%)

= $4.86

D4 = DO(1+Dividend1)(1+Dividend2)(1+Dividend3)(1+Dividend later)

= $3.75(1+9%)(1+9%)(1+9%)(1+3%)

= $5.01

D5 = DO(1+Dividend1)(1+Dividend2)(1+Dividend3)(1+Dividend later)(1+Dividend later)

= $3.75(1+9%)(1+9%)(1+9%)(1+3%)(1+3%)

= $5.16

5 0
4 years ago
Strike offers to sell Bailey one thousand shirts for a stated price. The offer declares that shipment will be made by Dependable
Vikentia [17]

Answer:

We can assume that both Strike and Bailey are American companies and that they operate in that US under the UCC rules. Under UCC rules they are both considered merchants since they trade with the goods related to the contract.  Strike's offer was very precise and Bailey's acceptance was made in a reasonable manner which can be considered a valid acceptance.

The only difference exists with the shipping company, which the UCC rules consider a conflicting term and Strike should have either objected or ratified it before sending the goods. Since Strike didn't object Bailey's terms, then by using a different truck company it is breaching the contract.

8 0
3 years ago
Determine whether each of the following events causes a shift of a curve or a movement along a curve in the short run. Indicate
Vaselesa [24]

Answer:

Check the explanation

Explanation:

Increase in value of dollar has made the foreign steel (a major commodity used in production) cheaper for American producers.

This will reduce the cost of production of American Producers and would increase their profit-margin.

This will induce US firms to produce more and therefore there will be increase in short-run aggregate supply.

So, the given scenario will involve short-run aggregate supply curve and would shift the curve to the right.

Kindly check the attached image below to see the required graph -

4 0
4 years ago
The City of Fargo issued general obligation bonds to finance construction of a new fire station. The bonds were issued at a prem
Dmitry_Shevchenko [17]

Answer:

The correct answer is (c)

Explanation:

Bonds and stocks are used to generate financing. The city of Fargo has issued bonds to finance the construction of a new fire station. The bond is a type of debt funding and the premium must be transferred to a debt service fund. A debt service fund will be used to pay out the principal payments on those bonds.

5 0
3 years ago
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