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mixas84 [53]
3 years ago
9

Which of the following statements accurately describes the statement of cash flows?A) It is the link between net income and earn

ings per share.B) It shows the relative proportion of debt and assets.C) It indicates when long-term debt will mature.D) It is the link between the accrual-based income statement and the cash reported on thebalance sheet.
Business
1 answer:
Alisiya [41]3 years ago
6 0

Answer:

D) It is the link between the accrual-based income statement and the cash reported on the balance sheet.

Explanation:

As, for cash flow statement, it best describes the net cash used or provided by current year business transactions, and not just the accrual income sources.

Therefore, it performs a kind of reconciliation between accrual income and cash basis of income.

It depicts transactions in three categories - Operating, Investing and Financing Activities.

Therefore, from all the stated statements

Statement D is true.

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If a firm's forecasted sales are $250,000 and its break-even sales are $190,000, the margin of safety in dollars is: Multiple Ch
Oliga [24]

Answer:

Margin of safety= $60,000

Explanation:

Giving the following information:

A firm's forecasted sales are $250,000 and its break-even sales are $190,000.

The margin of safety is the excess of sales from the break-even point. To calculate the margin of safety, we need to use the following formula:

Margin of safety= (current sales level - break-even point)

Margin of safety= 250,000 - 190,000= 60,000

6 0
3 years ago
The Nichols Company uses the weighted-average method in its process costing system. The company recorded 29,500 equivalent units
algol [13]

Answer:

A. 23,000 units

Explanation:

The number of units started during November is given by the number of units completed and transferred out during the month (25,000) added to the ending work in process inventory for the month (6,000) and subtracted by the beginning work in process inventory  (8,000):

6,000-8,000+ 25,000 = 23,000

Therefore, the number of units started during November in the department was: A. 23,000 units.

3 0
3 years ago
Read 2 more answers
Match the activities to their respective categories.
Zielflug [23.3K]

save for the first year of college LONG TERM GOAL

complete the current semester with

good grades SHORT TERM GOAL

accumulate $2,000 before the

semester ends LONG TERM GOAL

pay off at least one of the three

outstanding bills LONG TERM GOAL

complete the project assigned in

place of an upcoming exam SHORT TERM GOAL

8 0
3 years ago
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When preparing a business message, you should make your writing audience oriented. Audience oriented means a. attempting to get
QveST [7]

Answer:

D. Concentrating on looking at the message from the receiver's perspective.

Explanation:

When writing a business message, it is important to ensure that the perspective of the receiver is considered. There are two sides to a message; the speaker and the receiver. By making a business writtings audience oriented, it means that thoughts of the receiver or audience is considered alongside the message.

Although other skills such as; present ideal clearly but concise, attempt to get your audience to believe and accept your message, write to solve a problem or convey information are essential qualities of business writtings, yet do not point to audience oriented message.

3 0
3 years ago
Hubbard, Inc. received the following information from its pension plan trustee concerning the operation of the company's defined
hram777 [196]

Answer:

b. $1,730,000

Explanation:

Pension expense = $ervice cost component + Opening projected benefit obligation*settlement rate - Opening pension assets*Expected rate of return + Amortization of prior service cost  

= $890,000 + ($11,400,000*0.10) - ($6,000,000*0.08) + $180,000

= $890,000 + $1,140,000 - $480,000 + $180,000

= $1,730,000

5 0
3 years ago
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