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rjkz [21]
3 years ago
13

The following information is available for Armstrong Company: Net income $450 Increase in plant and equip. $170 Depreciation exp

ense 80 Payment of dividends 10 Decrease in accts. receiv. 20 Increase in long-term debt 100 Increase in inventories 15 Decrease in accounts payable 30 What is cash flow from operating activities for Armstrong Company?
Business
1 answer:
ad-work [718]3 years ago
8 0

Answer:

$505

Explanation:

Armstrong Company

Cash flow from operating activities

Adjustments to reconcile net income to operating cash flow.

Net income

$450

Less : Increase in plant and equipment

($170)

Add : Depreciation expenses

$80

Add : Payment of dividends

$10

Add : Decrease in accounts receivable

$20

Add : Increase in long term debt

$100

Less : Increase in Inventories

($15)

Add : Decrease in Account payable $30

Net Cash flow from operating activities

$505

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Matt is considering the purchase of a condo on a mortgage. However, he is not sure on the amount of mortgage he is eligible for.
Rudiy27

Answer:

A. Prequalification

Explanation:

First, the Options to the Question

a. Prequalification

b. A contingency clause

c. A Multiple Listing Service

d. Due diligence

What is a PreQualification in Mortgage Processing

Because most persons who are interested in buying a home do not have hundreds of thousands of dollars in cash to purchase the home of their dreams, the concept of mortgage is to approach a lender who will then advance the needed sum for the purchase and then the borrower will pay the advanced sum over some time (most times up to 30 years) at an interest rate.

A PreQualification is a process through which the lender evaluates the creditworthiness of the borrower and also decide the amount of loan the borrower is entitled to. This is done through the financial documents and records made available to the lender by the borrower

One important takeaway from a prequalification is that it is an approximation of what a borrower is entitled to base solely on the information given to the lender. It is, therefore, an approximation which can be less or more when the official application for the loan is submitted.

As stated in the question, getting a prequalification helps Matt to identify and understand the areas of problems and credit report errors that may arise and then he can use the prequalification information to attend to these errors and ensure a proper application is submitted that will allow him to maximise the amount of loan that can be made available to him.

Once Matt has corrected errors and identified problems that may arise on his mortgage application, he then gathers the relevant document and goes for the first formal process in mortgage processing which is the preapproval.

6 0
3 years ago
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Difference between per<br> behaviour and organisational behaviour
malfutka [58]

Answer:

Organiational behaviour looks at the individual behaviour, then moves to group behaviour, progressively to the organization behaviour, which you can also call the organization culture. It requires skills to understand how the organization and its members affect each other. Areas include frameworks for diagnosing and resolving problems in organizational settings. Human behaviour, call it individual behaviour is a sub-set of organization behaviour.

7 0
3 years ago
Jamie, a salesperson, is discussing her goals with her coworker. She mentions that she has set an account goal of $30,000. In or
lora16 [44]

Jamie should first set a Sales Call goal.

Jamie, a salesperson, is discussing her goals with her coworker. She mentions that she has set an account goal of $30,000. In order to achieve her account goal, Jamie should first set a <u>Sales call goal</u>.

The purpose of sales call objectives is to set a foundation and create a roadmap to the promised land. In other words, the objective of Sales call is to set an objective and make a plan to obtain the same. As in Jamie's case, her account goal is of $30,000, In order to obtain this account goal she need to first set a Sales call in which she will need to build an initial level of trust with her target audience/ prospect.

While setting the Sales call, few things should be kept in mind as basic rules like building a good relationship with the customers so that they come back to the same salesperson, ask for their feedbacks, this will also help in enabling trust between the two parties etc.

To learn more about Sales call here

brainly.com/question/27907652

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8 0
1 year ago
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Len [333]

Answer:

variable pricing

Explanation:

A variable pricing strategy refers to selling a same product or service at a different price depending on the sales location, date, or other factors. This type of strategy is used to try to maximize revenue by adjusting price to the different categories of our points of sale or our customers.

In case of sports teams, they will price their seats based on other factors like who is the opponent (current champion v. bad teams), day of the week (weekends v. weekdays) or the time of the season (middle of the season v. near playoffs), etc.

7 0
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Most economists would probably argue that the best interests of international business are served by.
Romashka-Z-Leto [24]

Indeed, most economists would argue that the best interests of international businesses are served by a <u>free-trade stance</u>.

<h3>What is a free-trade stance?</h3>

A free-trade stance is a government policy that does not restrict imports and exports because there are no import tariffs or export subsidies.

A free-trade stance is also known as laissez-faire policy because under a free-trade policy, goods and services are exchanged across international borders with little or no government interventions in the forms of tariffs, quotas, subsidies, or prohibitions.

Trade protectionism, which creates economic isolationism, is the direct opposite of the concept of free trade.

Thus, indeed, most economists would argue that the best interests of international businesses are served by a <u>free-trade stance</u>.

Learn more about the free-trade stance at brainly.com/question/10608502

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