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8_murik_8 [283]
3 years ago
15

The first Photography Club dinner that was paid for in advance concluded at 10:00 pm on the last evening of the month. The Club'

s price for this dinner was $360 at an inventory cost of $240 to Ribs on the Run. Elena did not record this event in the books when she left at 5:00 pm to make the delivery. However, it is still an event that should be recorded for the month because it occurred before midnight.
Which entry should be added to the month?

a. Unearned Revenue (L) 360
b. Sales (R) 360
c. Cost of Goods Sold (E) 240
d. Inventory (A) 240
Business
1 answer:
suter [353]3 years ago
7 0
Unearned revenue I would imagine
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You are the only seller of eggs in town, and the price-elasticity coefficient for eggs is known to be 0.8. if you want to increa
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5 0
3 years ago
Pearl Corporation reported net income of $49,100 in 2020. Depreciation expense was $17,200. The following working capital accoun
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Answer:

Net operating cash flow   $68,300

Explanation:

Operating cash flow is the amount of cash generated by a company from its main and normal business activity. This cash flow is useful to gauge the financial viability of a firm's business activity; the larger the better.

It is essentially computed as the net movement of cash inflow and outflow in respect of a business activities.

It is computed as follows:                          

                                                                  $

Net income                                              49,000

Add deprecation                                      17,200

Less increase in receivable                    (11.200)

add increase in payables                         <u>13,300</u>

Net operating cash flow                          <u> 68,300</u>

Note that only items that relate to trading which is the core business area of the Pearl Corporation are considered. Depreciation is  added because it is a non-cash item initially deducted from net income.

An increase in receivable means a reduction in cash while an increase in payables implies cash savings

Net operating cash flow   $68,300

3 0
2 years ago
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