Answer:
c. $44,417
Explanation:
The computation of the Net cash provided by operating activities for the year is shown below
Cash flow from operating activities
Net income $44,417
Less Increase in account receivable -$5,230
Less Decrease in account receivable -$3,590
Add depreciation expense $48,113
Net cash provided by operating activities $83,710
hence, the correct option is c.
Answer:
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Explanation:
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Answer:
Explanation:
1. The journal entries are shown below:
Bad debt expense A/c Dr $3,378
To Allowance for doubtful debts A/c $3,378
(Being bad debt expense is recorded)
Allowance for doubtful debts A/c Dr $4,510
To Account receivable A/c $4,510
(Being written off amount is recorded)
2. The computation of the net sales is shown below:
= Gross sales - sales discount - sales return - credit card fees
= $140,756 - $1,344 - $996 - $2,129
= $136.287
The accounting concept which relates to separating the reporting of business economic transactions and personal economic transactions is <u>Business Entity Concept</u>.
An organization transaction needs to have the following characteristics: It ought to be for a sum positive in cash (i.e., of an economic fee) It ought to be supported through a source file (e.g. income invoice, dependable receipt, disbursement voucher, remittance recommendation, and so on.) It has to have a -fold effect on the factors of accounting.
In accounting, a transaction in any monetary business enterprise occasion influences an agency's economic statements. because transactions consist of any event that has a financial impact on your economic facts, there are quite a few gadgets that are transactions. based mostly on the trade of cash, there are 3 kinds of accounting transactions, mainly cash transactions, non-cash transactions, and credit transactions.
Learn more about transactions here: brainly.com/question/1016861
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Answer:
I. Consumer Reports: consumer advocacy publication.
II. Federal Trade Commission (FTC): competition regulator.
III. Food and Drug Administration (FDA): consumer protection agency.
Explanation:
I. Consumer Reports: consumer advocacy publication. It is a non-profit organization in the United States of America saddled with the responsibility of consumer advocacy, investigative journalism, product testing and the enlightening of the general public.
II. Federal Trade Commission (FTC): competition regulator. It is an agency of the government of the United States of America saddled with the responsibility of promoting consumer protection and the enforcement of all civil antitrust laws.
III. Food and Drug Administration (FDA): consumer protection agency. It is a federal agency of the government of the United States of America saddled with the responsibility of protecting the consumers of edible products and public health safety.
