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Elza [17]
4 years ago
11

Alex Company prepares its statement of cash flows using the direct method for operating activities. For the year ended December

31, 2018, Alex Company reports the following activity: Sales on account $2,100,000 Cash sales 1,110,000 Decrease in accounts receivable 915,000 Increase in accounts payable 108,000 Increase in inventory 72,000 Cost of good sold 1,575,000 What is the amount of cash collections from customers reported by Alex Company for the year ended December 31, 2018
Business
1 answer:
SpyIntel [72]4 years ago
4 0

Answer:

The amount of cash collections from customers reported by Alex company for the year ended December 31, 2018 is $4,125,000.

Explanation:

Cash collection refers to the collection of cash from from an individual or a business whom invoice has been issued to. Any invoice unpaid are noted as being outstanding.

Cash collection fomular is therefore;

Cash collection = Sales on account + Cash sales + Decrease in accounts receivable

=$2,100,000 +$1,110,000 + $915,000

=$4,125,000

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The ______ is a roadmap that displays how all the specific activities fit together to accomplish the project work scope.
LUCKY_DIMON [66]

Based on project management, the <u>Network Diagram</u> is a roadmap that displays how all the specific activities fit together to accomplish the project work scope.

<h3>Network Diagram in Project Management</h3>

Generally, Network Diagram is a tool used by project managers to visualize the whole concept before the work is carried out. It is also used throughout the project to determine how the work is to be done, including the duration and methods, sequence, and dependency.

<h3>Benefits of a Project network diagram</h3>
  • Visual representation of work or project in progress.
  • Ascertaining project workflows.
  • Tracking dependencies and potential stoppages.

Hence, in this case, it is concluded that the correct answer is Network Diagram.

Learn more about Network Diagram here: brainly.com/question/8147877

4 0
3 years ago
In its first year of operations, Grace Company reports the following:
ANEK [815]

Answer:

D) $25,000.

Explanation:

The Accrual Basis of Accounting is the process in which income earned or expenses incurred are recorded at the time the transaction takes place, whether or not the cash has been exchanged.

Net Income is derived by subtracting Expenses from Revenue.

N.B. Prepaid Expenses are Advance Payments towards expenses and are a Balance Sheet Items and will not be recorded under Net Income Calculations until the Expenses are realized.

So, The Net Income can be calculated as follows;

Revenue $60,000

Less: Expenses $35,000

Net Income $25,000

Hence Option D will be correct answer.

#NETINCOME

#PREPAIDEXPENSES

#ACCRUALBASISOFACCOUNTING

5 0
3 years ago
Over the last several decades, power in supply chains has increasingly been shifting to?
Masja [62]

Over the last several decades, power in supply chains has increasingly been shifting to retailers.

A retailer, sometimes known as a merchant, is a business that sells products directly to customers, such as groceries, vehicles, or apparel, with the intention of making a profit. This business may run both online and in a physical location.

The supply chain's consumer-facing component is represented by retailers, with whom most consumers have regular interactions. They are available in numerous varieties, designs, and sizes.

A producer, wholesaler, or another distributor often sells their products to retailers, who subsequently resale them to the general market. Large retailers like Walmart and Target acquire products in bulk from producers or wholesalers, but local grocers or tiny, family-run pharmacies can also buy from these places or from smaller suppliers.

To learn more Retailers refer to:

brainly.com/question/28066195

#SPJ4

7 0
2 years ago
Which of the following is a disadvantage of the sole proprietorship form of ownership?
GREYUIT [131]

Answer:

D.......... .................... .. . . ...... ..........

4 0
3 years ago
Michael works at an accounting firm. He and his colleague, Ava, are both eligible for a promotion to a particular role. Michael
Travka [436]

Answer:

Answer is A. glass ceiling.

Refer below.

Explanation:

Michael works at an accounting firm. He and his colleague, Ava, are both eligible for a promotion to a particular role. Michael works very hard, but he feels that Ava will be promoted as she is very sincere and is dedicated to her job. However, Michael gets promoted even though Ava was a more deserving candidate. This scenario illustrates the concept of glass ceiling.

5 0
3 years ago
Read 2 more answers
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