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Ivenika [448]
3 years ago
5

Accounts receivable amounts to $215,000 for the beginning of the year and

Business
1 answer:
irga5000 [103]3 years ago
4 0

Answer:

2,70,000

Explanation:

Net Income 3,00,000

Adjustment to reconcile Net Income to Cash flow from Operating activities :

Increase in Accounts Receivable ($245000 - $ 215000) -30,000

------------

Net Cash flow from Operating Activities 2,70,000

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g 4. The price of a home is $197,000. The bank requires 20% down payment and four points at closing. The cost of the home is fin
Molodets [167]

Answer:

a. $39,400

b. $157,600

c. $6,304

Explanation:

a. Down payment

Bank requires 20% down payment

= 20% * 197,000

= $39,400

b. Mortgage amount

= Price of house - down payment

= 197,000 - 39,400

= $157,600

c. Amount at 4 points:

= Mortgage * 4%

= 157,600 * 4%

= $6,304

4 0
3 years ago
Merchandise is ordered on november 10; the merchandise is shipped by the seller and the invoice is prepared, dated, and mailed b
kifflom [539]

Answer:

The answer is <u>"November 13".</u>

Explanation:

November 13 is the date from which credit period begins in the given scenario because credit period refers to the no. of days that a client is permitted to hold up or wait before paying a receipt or an invoice. It does not refer to the number of days that the client takes to pay an invoice.

6 0
3 years ago
Santoyo Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below:Hou
Nutka1998 [239]

Answer:

The delivery cycle time was 25.2 hours

Explanation:

Working notes:

Consider the following formula to solve the exercise

delivery cycle time=Wait time+Process time+Inspection time+Move time+Queue time

=(12.7+1.8+0.2+4.4+6.1)

which is equal to  = 25.2 hours.

3 0
3 years ago
Tom Tom LLC purchased a rental house and land during the current year for $150,000. The purchase price was allocated as follows:
Agata [3.3K]

Answer:

2273

Explanation:

In this question, we are asked to calculate Tom Tom’s maximum depreciation for this first year.

The term maximum depreciation is accounting principle talks about to what extent has the value of an asset been used.

To calculate his maximum depreciation, we need to be conversant with some conventions. The mid-month convention is what we need to understand here. What the convention assumes is that an asset which is placed into service during a given month is assumed to have been placed into

Such service at the middle of such month in question. Also, it is also assumed that disposing an asset at the beginning of one month or any other time of the month is same as disposing the said asset at the middle of the month. This is what the mid month convention is talking about.

It must also be noted that Residential property has a 27.5-year recovery period. The depreciation is thus $2,273 ($100,000 x 2.273%). This gives us the value of the maximum depreciation

6 0
3 years ago
Because the initial user account created during installation is a member of the Administrators group, it has all of the characte
Reika [66]

Answer:

False

Explanation:

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With this, a member of the administrator group does not have all the characteristics of the administrator account.

6 0
3 years ago
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