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MAXImum [283]
2 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]2 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.

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When a company services the broad market and has a low degree of product differentiation, it is most likely Group of answer choi
denis23 [38]

When a company services the broad market and has a low degree of product differentiation, it is most likely pursuing a cost-leadership strategy.

<h3>What is Cost Leadership?</h3>

Cost leadership is a term used when a company projects itself as the cheapest manufacturer or provider of a particular product or commodity in a competition. It is difficult to deploy the strategy because the management must constantly work on reducing cost at every level to remain competitive.

Cost leadership is a part of marketing strategy. Although, it is highly effective in gaining market share as well as drawing the customers' attention, it is difficult to deploy. The management team of the company has to constantly work towards reducing the cost of not just one product, but the entire range of products in the company's portfolio.

<h3>What Is Cost Leadership Strategy?</h3>

Cost leadership is a business-level strategy employed by companies who wish to gain a competitive advantage by being the lowest-cost producer of a service, production process, or commodity.

Therefore, we can conclude that the correct option is it is most likely pursuing a cost-leadership strategy.

Learn more about Cost Leadership Strategy on:

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4 0
1 year ago
Where can a 14 year old get a job
Naddik [55]
At any mcdonals they hire peas
3 0
3 years ago
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RTF Oil has total sales of $911,400 and costs of $787,300. Depreciation is $52,600 and the tax rate is 21 percent. The firm is a
scoundrel [369]

Answer:

$109,085

Explanation:

From the question above RTF oil has a total sales of $911,500

The costs incurred by RTF oil is $787,300

Depreciation is $52,600

The tax rate is 21 percent

= 21/100

= 0.21

The first step is to calculate the EBIT

EBIT= Total sales-costs-depreciation

EBIT= $911,400-$787,300-$52,600

EBIT = $71,500

The next step is to calculate the tax

Tax= EBIT× tax rate

= $71,500×0.21

= $15,015

Therefore since we have gotten the tax and EBIT, the final stage is to calculate the operating cash flow

OCF= EBIT + depreciation- Tax

= $71,500+$52,600-$15,015

= $124,100-$15,015

= $109,085

Hence RTF oil has an operating cash flow of $109,085

6 0
3 years ago
In 2019, Ava, an employee, who files single, has AGI of $58,000 and incurred the following miscellaneous itemized deductions thi
SOVA2 [1]

Answer: $1,695

Explanation:

GIVEN THE FOLLOWING ;

miscellaneous itemized deduction for the year;

Home office expenses = $1,200

Union dues and work uniforms = $350

Unreimbursed employee expenses = $415

Gambling losses to the extent of gambling winnings = $890.

Value of miscellaneous itemized deduction is :

Miscellaneous itemized deduction = [(Home office expenses + Union dues and work uniforms + Unreimbursed employee expenses) – 2 % of Adjusted Gross Income + Gambling losses to the extent of gamble winnings]

[($1,200 + $350 + $415) - (0.02 × 58,000) + $890]

[$1,965 - $1160 + $890]

$1,695

6 0
3 years ago
If possible it is important to thank everyone you met at the company as you leave.
mr Goodwill [35]

Answer:

true, always stay positive thank you you deserve more this for 50 points? that's amazing keep it up!

Explanation:

8 0
2 years ago
Read 2 more answers
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