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
Using a systematic process and practicing writing can help a business writer become better at which writing skills? Check all th
evablogger [386]

Answer:

The correct answer is letter "A" and "D": Focusing on the concerns of the audience; Being purposeful.

Explanation:

While writing business reports, it is important to be concise and short. The message provided must go<em> straight to the purpose</em> of writing the report. Statistical data should be considered without making it the center of the report -unless necessary- because the objective is always capturing the <em>audience's attention</em> with simple but meaningful facts.

6 0
3 years ago
Bobbi and Stuart are partners. The partnership capital of Bobbi is $41,400 and that of Stuart is $74,700. Bobbi sells his intere
Romashka-Z-Leto [24]

Answer:

c. John's capital account for $41,400

Explanation:

Based on this information it can be said that in this scenario the journal entry to record the admission of John as a new partner would include a credit to John's capital account for $41,400. This is mainly because even though Bobbi sold his interest for $63,900 his actual interest capital in the partnership was that of $41,400 .... meaning that John now holds a partnership capital of $41,400 and the Bobbi profited $22,500

4 0
3 years ago
Casino's frequently reach middle-range customers by:
Bond [772]
<span>The three main markets that casinos generally target are the: 1) low-end or Grind Players, 2) the middle-range players, and 3) the high-end players which include the Whales.Casino's frequently reach middle-range customers by using direct mail campaigns and news letters.</span>
6 0
3 years ago
The type of control system that only be succsseful in attining systrms' objective if we know with certinty the events that take
cricket20 [7]

Answer: Management control system

Explanation:

Management control system could be defined as a system that collects and uses information to analyze the performance of different organizational resources like human, physical, financial considering them all together in the light of organizational strategies pursued. It looks at comparing performances with the standards, plans or objective of the organization to determine if they are line with standards.

6 0
2 years ago
with reference to relevant legislation , case law, and secondary sources briefly explain different functions of taxation
svetlana [45]

Answer:

Tax is a statutory obligation to pay an amount to the state or other public body, which is imposed on a person or company on the basis of their activities, without a direct connection to consideration from the payee. The main purpose is usually to finance the public sector. The tax can also have other purposes, such as equalizing income or influencing people's actions with the help of financial incentives.

8 0
3 years ago
Other questions:
  • Botox Facial Care had earnings after taxes of $310,000 in 20X1 with 200,000 shares of stock outstanding. The stock price was $53
    12·1 answer
  • The salary foregone by a person who quits a job to start a business is an example of a(n) ________. Select one: A. depreciable c
    15·2 answers
  • I haven't studied accounting in a well can some one please help me?
    12·1 answer
  • Recent news articles indicate that traditional retail outlets such as malls and big box stores are becoming less and less profit
    14·2 answers
  • Over the past decade, medical costs have increased more rapidly than other prices. In order to illustrate how rising medical cos
    15·1 answer
  • On July 31, 2022, Cullumber Company had a cash balance per books of $6,305.00. The statement from Dakota State Bank on that date
    5·1 answer
  • O’Brien Brewery and Delgado Vintage Wines both decided to write off a specific customer’s uncollectible account as a bad debt ex
    7·1 answer
  • <img src="https://tex.z-dn.net/?f=%5Cmathbb%5Cpink%7Bwhat%5C%3Ais%5C%3Aescape%3F%5C%3ADefine%5C%3Ain%5C%3Asimple%5C%3Awords%7D"
    11·1 answer
  • Identify the tasks performed by workers in a Production career? Choose all that apply. cleaning and maithaining equipment and to
    5·2 answers
  • In the current year, Pringle Company reported Sales of $ 1,420,000 , Interest Expense of $ 12,000 , Income Tax Expense of $ 13,0
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!