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bekas [8.4K]
3 years ago
12

A company reported net income of $290,000. Beginning balances in Accounts Receivable and Accounts Payable were $18,000 and $21,0

00 respectively. Ending balances in these accounts were $11,500 and $29,000, respectively. Assuming that all relevant information has been presented, what is the company's net cash flows from operating activities?
Business
1 answer:
NikAS [45]3 years ago
8 0

Answer:

$310,500

Explanation:

The first step is to calculste the increase in account payable

= ending amount-beginning balance

= $29,000-$11,500

= $17,500

Decrease in account receivable

= $21,000-$18,000

= $3,000

Therefore the cash flow can be calculated as follows

= $290,000 + $17,500 + $3000

= $310,500

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Answer:

Explanation:

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3 0
2 years ago
Suppose that we have the following information concerning the government's finances and the macroeconomy for a given year: Gover
tresset_1 [31]

Answer: $300 billion

Explanation:

The real deficit that a Government has is one that has been adjusted for inflationary effects. It is calculated by subtracting the inflation rate times the total debt from the nominal deficit.

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3 0
3 years ago
Being able to ________ is a key benefit for those who study management. Multiple Choice relate to their managers and deal with o
Arlecino [84]

Answer:

relate to their managers and deal with organizations from the outside

Explanation:

When you study management, you will understand the type of strategic planning that the company could implement along with the way the manager have to enforce the plan.

By having this information, you can have better understanding on what the managers want from you and act accordingly in order to win their favor. This will benefit you greatly if you want to rise in the corporate rank.

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7 0
3 years ago
On November 10 of the current year, Flores Mills sold carpet to a customer for $8,000 with credit terms 2/10, n/30. How would Fl
Llana [10]

Answer:                                                                      

C.) Accounts receivable 7,840 Cash discounts 160 Sales 8,000

Explanation:

Assuming for now that credit customer will avail the cash discount, the following journal entry shall be made on November 10 by Flores mills in respect of credit sales made by it.

                                                                   Debit                 Credit

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(8000*2%)

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Based on the above discussion, the answer shall C.) Accounts receivable 7,840 Cash discounts 160 Sales 8,000

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kari74 [83]

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7 0
3 years ago
Read 2 more answers
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