Answer:
$73,600
Explanation:
Cash flow from Operating Activity
Cash sales $26,000
Collections on accounts receivable $99,000
Payments to suppliers ($47,000)
Cash generated from operations $78,000
Income taxes paid ($4,400)
Net cash provided by operating activities $73,600
therefore,
the amount of net cash provided by operating activities indicated by these transactions is $73,600
Answer:
Potomac Corporation will realize $450,000 with the sale of the warehouse
Explanation:
To determine how much money Potomac Corporation realized with the sale of the warehouse we can use the following equation:
money realized = sales price of warehouse + mortgage assumed by buyer
money realized = $325,000 + $125,000 = $450,000
Answer:
Please see the answer below:
Explanation:
(a)
Debit: Accumulated Depreciation $53,990
Credit: Delivery Equipment $53,990
To record disposal of delivery equipment.
(b)
Debit: Accumulated Depreciation $37,080
Debit: Loss $16,910
Credit: Delivery Equipment $53,990
To record Loss on disposal of Delivery Equipment.
Answer:
49.6 days
Explanation:
The average inventory days outstanding is an example of an activity ratio. Activity ratios measures the efficiency with which comapnies carry out their daily tasks
The average inventory days outstanding = number of days in a period / inventory turnover
inventory turnover = cost of goods sold / average inventory
Average inventory = (6,852 + 7,036 ) / 2 = 6944
$51,098/ 6944 = 7.365
365/ 7.365= 49.6 days
Answer: (C) focusing on global niche markets.
Explanation:
Even though there are many risks involved in going into the global environment, the opportunities for growth are so immense that the risks should be taken and then managed so that losses do not occur.
One way to do this is to focus on global niche markets. The company can focus on certain parts of the global market alone where their product would sell healthily as well as where they would face the lowest risk.
This is why a lot of companies expand to developed countries where they can charge higher and the law protects their interests.
