1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alla [95]
3 years ago
5

Riley Company borrowed $36,000 on April 1, Year 1 from the Titan Bank. The note issued by Riley carried a one year term and a 5%

annual interest rate. Riley earned cash revenue of $1020 in Year 1 and $950 in Year 2. Assume no other transactions. The amount of cash flow from operating activities that would appear on the Year 2 statement of cash flows would be:
Business
1 answer:
IRINA_888 [86]3 years ago
7 0

Answer:

The amount of cash flow from operating activities that would appear on the Year 2 statement of cash flows would be -$850 or $850 outflow

Explanation:

The computation of the cash flow from the operating activities for year 2 is shown below:

= Cash revenue in year 2 - interest on notes payable

= $950 - $1,800

= -$850

The negative amount shows an outflow of cash .

The interest on the note payable is computed by

= Borrowed amount × interest rate

= $36,000 × 5%

= $1,800

You might be interested in
At the beginning of the current period, Shamrock Corp. had balances in Accounts Receivable of $187,800 and in Allowance for Doub
nignag [31]

Answer:

See below

Explanation:

The net realizable values are as follows

ai For accounts receivables

Ending balance of account receivables = Beginning balance of account receivables + Credit sale - Collections uncollectible amount

= $187,800 + $860,400 - $687,720

= $360,480

aii For allowance for doubtful debt

= Beginning balance + Previously written off amount - Uncollectible amount + Bad debt expense

= $9,630 + $2,859 - $7,381 + $18,412

= $23,070

6 0
2 years ago
Excise tax is levied in the __ of goods and services
lina2011 [118]

Answer:

its probably buying

Explanation:

6 0
3 years ago
When governments tax or regulate industries causing pollution, they are
LekaFEV [45]
I think it’s A Idek
4 0
3 years ago
The Boxwood Company sells blankets for $ 32.00 each. The following was taken from the inventory records during May. The company
nika2105 [10]

Answer:

(C) $94.00

Explanation:

The computation of the cost of goods sold for the sale of May 20 is shown below:

= Remaining units × cost price + remaining units × cost price

= 4 units × $15 + 2 units × $17

= $60 + $34

= $94

The 4 units come from May 1 and May 10 i.e 9 units - 5 units = 4 units

And on May 20, the 6 units were sold out of which 4 units were sold at price of $15 and rest 2 units were sold at a price of $17

8 0
3 years ago
A firm agreed to pay its workers ​$2525 an hour in 2016 and ​$4141 an hour in 2017. The price level for these years was 241 in 2
NemiM [27]

Answer:

(a) 10.4%; 16.73%

(b) 6.33%

Explanation:

Given that,

Wages paid to the workers in 2016 = $25 per hour

Price level in 2016 = 241

Wages paid to the workers in 2017 = $41 per hour

Price level in 2017 = 245

Real wage rate in 2016:

= (Nominal wages ÷ Price level) × 100

= ($25 ÷ 241) × 100

= 0.104 × 100

= 10.4%

Real wage rate in 2017:

= (Nominal wages ÷ Price level) × 100

= ($41 ÷ 245) × 100

= 0.1673 × 100

= 16.73%

Therefore, the real wage increase received by these workers in​ 2017 is calculated as follows:

= Real wage rate in 2017 - Real wage rate in 2016

= 16.73% -  10.4%

= 6.33%

Hence, these workers do get a raise between the two years.

8 0
3 years ago
Other questions:
  • It is rumored that the Illinois Operations Manager, Sam, has requested the quarterly budget to include an available position for
    15·1 answer
  • A written and signed document between an employer entity and a labor organization specifying the terms and conditions of employm
    12·1 answer
  • In some areas, entrepreneurs can take advantage of _______ where they can lease low-cost office space and have access to office
    15·2 answers
  • List 5 ways you can reduce the chance of loss at your home.
    12·1 answer
  • Sutton Enterprises makes gadgets using a two-step process that involves machining and assembly, respectively. During the period,
    8·1 answer
  • It has been said that Earned Value Management (EVM) came about because the Federal Government often used "Cost-plus" contractors
    9·1 answer
  • Disagreement about an employee’s performance as perceived by different sources is ____________ a problem.
    11·1 answer
  • How do you pay taxes and is it hard ( just curious)
    13·1 answer
  • What is the main advantage of secondary research data over primary
    13·1 answer
  • SINGAPORE - Singtel will be implementing a wage freeze across the company, this year - except for operational and support staff
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!