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
worty [1.4K]
3 years ago
9

On the basis of this information, which of the following statements is CORRECT? a. Prestopino's cash on the balance sheet at the

end of the current year must be lower than the cash it had on the balance sheet at the previous year. b. Prestopino had negative net income in the current year. c. Prestopino had positive net income in the current year, but its income was less than its previous year's income. d. Prestopino's cash flow provided by operations in the current year must be higher than in the previous year. e. Prestopino's depreciation expense in the current year was less than $150,000.
Business
1 answer:
mylen [45]3 years ago
8 0

Answer:

b. Prestopino had negative net income in the current year

Explanation:

Retained earnings at the end of previous year were $700,000, but retained earnings at the end of current year had declined to $320,000.

• The company does not pay dividends.

• The company's depreciation expense is its only non-cash expense; it has no amortization charges.

• The company has no non-cash revenues.

• The company's net cash flow (NCF) for current year was $150,000.

On the basis of this information, which of the following statements is CORRECT? Prestopino had negative net income in the current year

Prestopino DECPRECIATION expense in the current year was less than $150,000 and Prestopino had postive net income in the currnet year however, this income was less than it was in the previous year income.

Prestopino NCF in the current year must be higher than its NCF in the previous year and it cash on the balance at the end of the year must be lower than the cash it had on the balance sheet at the end of previous year

You might be interested in
Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children learn basic concepts such as colors, numb
tankabanditka [31]

Answer:

The instructions are listed below

Explanation:

- Direct materials are those materials and supplies that are consumed during the manufacture of a product, and which are directly identified with that product.

- Direct labor is production or services labor that is assigned to a specific product, cost center, or work order.  

- Manufacturing overhead refers to indirect factory-related costs that are incurred when a product is manufactured.

- Period costs are not directly tied to the production process. Overhead or sales, general, and administrative (SG&A) costs are considered period costs. SG&A includes costs of the corporate office, selling, marketing, and the overall administration of company business.

- Product costs are the direct costs involved in producing a product. A manufacturer, for example, would have production costs that include: Direct labor, Raw materials, Manufacturing supplies, Overhead that's directly tied to the production facility such as electricity.

Giving the following information:

Factory rent $ 3,110: Product - MOH

Company advertising 1,070: Period

Wages paid to assembly workers 31,700: Product - DL

Depreciation for salespersons’ vehicles 2,150: Period

Screws 560: Product - DM

Utilities for factory 820: Product - MOH

Assembly supervisor’s salary 3,600: Product - MOH

Sandpaper 195: Product - MOH

President’s salary 5,180: Period

Plastic tubing 4,130: Product - MOH

Paint 210: Product - DM

Sales commissions 1,310: Period

Factory insurance 1,120: Product - MOH

Depreciation on cutting machines 2,120: Product - MOH

Wages paid to painters 7,500: Product - DL

3 0
3 years ago
G why is the future value always more than the present value?
olya-2409 [2.1K]
The future value is always more than the present value because the value of the dollar can be higher in the next day. plus it can be adding the interest in the future value. 
3 0
2 years ago
A. Was Apple wrong for not complying with the F<br>BI’s request? <br><br><br>​
Vaselesa [24]

Answer:

No

Explanation:

"It would be wrong to intentionally weaken our products with a government-ordered backdoor."

one reason being that if passcodes could be input electronically, iPhones would become easier to unlock via "brute force."

The government would be able to destroy the amazing privacy policy apple has

6 0
3 years ago
Intermediate and deep earthquakes occur along ____________.
Mekhanik [1.2K]
I think the answer is convergent plate boundaries, but I am not positive. hope this helps :)
4 0
3 years ago
Suppose we are a distributor that uses safety stock and a reorder point for inventory management. If we can find a more consiste
Ulleksa [173]

Answer:

The answer is False. By cutting the variance of the demand during lead time to 1/2 its original value while maintaining the same lead times, the new safety stock will also drop to 1/2 its original value.

Explanation:

Safety stock is a form of inventory management that provides an additional unit of an item held as a buffer i order to mitigate risk of running out of stock.

A reorder point provides a buffer of time to restock items when stock is running out. It helps to reduce operational costs and chaos that may arise  such as rush fees owed to suppliers. It makes the use of a warehouse space more efficient.

Suppose we are a distributor that uses safety stock and a reorder point for inventory management. If we can find a more consistent manufacturer that will maintain the same mean lead times while cutting the variance of the demand during lead time to 1/2 its original value, the new safety stock that we need to carry to achieve the same service level will also drop to 1/2 its original value.

6 0
3 years ago
Other questions:
  • Ryan Olson organized a new company, MeToo, Inc. The company provides networking management services on social network sites. You
    8·1 answer
  • Suppose that the Fed has decided to utilize the Taylor rule to implement monetary policy. If the actual federal funds rate targe
    7·1 answer
  • Which of the following cash flows should be included in the investing Section of the statement of cash
    13·1 answer
  • Consider a two-period model of a perfectly competitive firm that owns the rights to a finite deposit of a non-renewable resource
    15·1 answer
  • The speed of your automobile has a huge effect on fuel consumption. Traveling at 65 miles per hour​ (mph) instead of 55 mph can
    13·1 answer
  • Suppose that real GDP equals $10 trillion, nominal GDP equals $20 trillion, and the aggregate price level equals 2.
    15·1 answer
  • Sheffield Corp. has 285,000 shares of $8 par value common stock outstanding. It declares a 13% stock dividend on December 1 when
    10·1 answer
  • Ann wants to be a manager who directs the work of others
    6·1 answer
  • Help me out here I got a d
    6·1 answer
  • Because chains are so important in the lodging sector, there's little room for smaller companies like bed-and-breakfasts. true f
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!