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
MAXImum [283]
3 years ago
12

Lucia Ltd. reported net income of $135,000 for the year ended December 31, 2016. January 1 balances in accounts receivable and a

ccounts payable were $29,000 and $26,000, respectively. Year-end balances in these accounts were $30,000 and $24,000, respectively. Assuming that all relevant information has been presented, Lucia's cash flows from operating activities would be:
$132,000.
$134,000.
$136,000.
$138,000.
Business
1 answer:
tester [92]3 years ago
4 0

Answer:

Lucia's cash flows from operating activities would be:

$132,000.

Explanation:

Accounts Receivable  End: $30,000  Beginning: $29,000 = -$1,000  

Accounts Payable    End: $24,000  Beginning: $26,000 = -$2,000  

Net Income : $ 135,000

To calculate the total cash flow from operating activities it's necessary to deduct of the Net Income the variance of these accounts which indicates a negative variance during the year, -$2,000 on accounts payable because the company paid more bills these year than before, and -$1,000 because the company expand their credit line to customers.

Cash Flow: $135,000 - $1,000 - $2,000 = $132,000.

You might be interested in
If you want to compare your qualifications to an employers requirements, a t-letter is the best cover letter format to use. plea
Romashka-Z-Leto [24]

Yes it’s true, If you want to compare your qualifications to an employer's requirements, a T-letter is the best cover letter format to use.

<h3>What is a cover letter? </h3>
  • It is a form of an application that goes along with an applicant’s resume.
  • It contains information about why you should be selected and where you got the information about the vacancy from.
  • It must not contain any unnecessary information like your need for the job.
  • It should not be extremely long and it should tell why a person is deserving of the role that they have applied for.
  • A T-format cover letter uses a tool to divide the letter into two parts. It is best to compare your qualifications to an employer's requirements.

To learn more about resume visit:

brainly.com/question/2964410?

#SPJ4

8 0
2 years ago
The key to building a network is to: a. be able to ask for favors. b. convince someone to do something that he or she may not or
Fed [463]

Answer:

c.

Explanation:

A network is a group of two or more points (buildings, people, computers etc.) that are linked together to share information. The key to building a network is to get people to enroll in your vision due to your enthusiasm or idea. The more people that believe in your vision, the more individuals will join your network. Which is what a network needs, more and more endpoints to contribute to its existence.

7 0
3 years ago
What is an advertising allowance
Aliun [14]

Answer:

An advertising allowance is money that a product manufacturer or service provider pays to a retailer to get the word out about their product. ... By helping the retailer pay its advertising costs, the company's advertising allowance gives the retailer an incentive to carry that product.

5 0
3 years ago
A government budget surplus from reduced government spending​ (no change in net​ taxes) will​ ________ the level of investment i
miss Akunina [59]

Answer:

Increase; Increase

Explanation:

A government budget surplus from reduced government spending​ (no change in net​ taxes) will​ increase the level of investment in the economy and​ increase the level of total saving​ (private plus​ public) in the economy

6 0
4 years ago
Read 2 more answers
Chipman Sofware recently reported the following amounts in its unadjusted trial balance at its year-end:
gregori [183]

Answer:

What is allowance for doubtful debt?

This represents management's estimate of the amount of accounts receivable that will not be paid by customers. They are amount owed by debtors, whose likelihood of collection is not certain.

1 Bad debts expense Dr   ($18,000 × 0.25%)  $45  

              To Allowance for Doubtful Accounts $45

(Being the bad debt expense is recorded)

2.  Bad debts expense $45        

          ($72 - $27)

              To Allowance for Doubtful Accounts   $45

(Being the bad debt expense is recorded)

3 Bad debts expense    $105      

           ($72 + $33)

           To Allowance for Doubtful Accounts $105

(Being the bad debt expense is recorded)

4 Allowance for Doubtful Accounts $15  

           To Accounts Receivable  $15

(Being the allowance for doubtful accounts is recorded)

Learn more about allowance for doubtful debts here : brainly.com/question/25687295

Explanation:

4 0
2 years ago
Other questions:
  • Project P requires an investment of 4000 at time 0. The investment pays 2000 at time 1 and 4000 at time 2. Project Q requires an
    13·1 answer
  • 1. Frank’s electric bill has a cycle day of the 3rd and a due date 8 days later with a one day grace period. What happens if Fra
    5·2 answers
  • Last year you paid $24 for a round of golf and $12 to rent a golf cart. this year it cost you $30 to golf and $15 to rent a cart
    6·1 answer
  • Rhett corporation manufactures and sells dress shirts. each shirt (unit) requires 3 yards of cloth. selected data from rhett's m
    8·1 answer
  • Assume Brad has a choice between two deposit accounts. Account WH has an annual percentage rate of​ 7.35% with interest compound
    5·1 answer
  • Nicolette Garrison works part-time at an independent record store. Whenever her friend, Jacob Barker, comes into the store durin
    7·1 answer
  • When writing a research–based literary analysis, what is the most important step after reading the poem or novel very carefully?
    15·1 answer
  • 3. John Legend is looking for help to modernize the inventory systems at his company, Green Light. He is looking for information
    14·1 answer
  • Distinguish between economic and accounting profit
    9·2 answers
  • Benny is self-employed. he’s experienced a bit of success over the last few years and is now ready to purchase a home. he’s meet
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!