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Debora [2.8K]
3 years ago
7

Financial information is presented below: Operating expenses $ 45,000 Sales returns and allowances 4,000 Sales discounts 6,000 S

ales revenue 160,000 Cost of goods sold 90,000 The amount of net sales on the income statement would be:
Business
1 answer:
nikdorinn [45]3 years ago
7 0

Answer:

$150,000

Explanation:

To calculate the net sales,

Sales Revenue

$160,000

Sales discount ($6,000)

Sales returns and allowances ($4,000)

Net sales $150,000

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Bagrov Corporation had a net decrease in cash of $14,500 for the current year. Net cash used in investing activities was $56,500
irinina [24]

Answer:

c. $84,500 provided

Explanation:

Net decrease in cash = $14,500

Net cash used in investing activities = $56,500

Net cash used in financing activities = $42,500

Amount of cash was provided (used) in operating activities

= - $14,500 + $56,500 + $42,500

= $84,500

This is positive,hence provided. Th right answer is c. $84,500 provided

6 0
3 years ago
1. Describe an example of a company that manufactures a product. (2-4 sentences. 1.0 points)
OlgaM077 [116]
Pick a product that is currently being sold, and analyze its economic utility,
3 0
3 years ago
Comparing each item on a financial statement with a total amount from the same statement is referred to as
Arada [10]

Answer: vertical analysis

Explanation:

Vertical analysis is when each item on a financial statement is compared with a total amount from the same statement.

Vertical analysis refers to a financial statement analysis method whereby each line item in a statement is listed as a percentage of the base figure. In such case, each amount in the income statement will then be restated as a percentage of sales.

8 0
2 years ago
Whitney has an A.A. in early childhood education and wants a full-time job. She is a social person and wants to work in a fun en
dangina [55]

Answer:

C. She wants to work with a different group of adults.

Explanation:

Whitney has an associate degree in early childhood education, so she is qualified for the job, the pay is $35,000 which is above her least requirement and she likes to work with children which the company does so, however she does not want to work with such group of adults (employees) who are not comfortable working with the children as she is a social person and wants to work in a fun environment with happy people.

5 0
3 years ago
A static budget is one that __________,a. Is based on the actual sales volume achieved during the period. b. Is developed for a
lara31 [8.8K]

Answer:

b. Is developed for a single level of expected output.

Explanation:

The static budget means the fixed budget i.e fixed in nature. The amount does not changed moreover there is no significant changes occurred in this type of budget. If there is any business fluctuations or any other kind of fluctuations it does not impact at all

In addition, it is developed for a single level of expected output i.e developed for a single activity by considering its expected outcome or results  

7 0
3 years ago
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