1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
yuradex [85]
3 years ago
5

Consider the same scenario as in the previous question: On March 31, 2015, Cars, Inc. owes Preston Devices, one of its suppliers

, $25,000 for previous purchases. During April 2015, Preston sells Cars devices with a sales price of $10,000 and a cost to Preston of $8,000. During April, Cars pays Preston $12,000 against the amount owed to Preston. If Preston had no other sales and records no other collections from customers during the month of April, the operating section of Preston's indirect method statement of cash flows for April will show the following de-accrual adjustments to net income:
a. Subtract change in accounts receivable; add change in inventory.b. Add change in accounts receivable; subtract change in inventoryc. Add change in accounts receivable; add change in inventory.d. Subtract change in accounts receivable; subtract change in inventory.
Business
1 answer:
zubka84 [21]3 years ago
6 0

Answer:

Explanation:

On March 31, 2015, Cars, Inc. owes Preston Devices, one of its suppliers, $25,000 for previous purchases. During April 2015, Preston sells Cars devices with a sales price of $10,000 and a cost to Preston of $8,000. During April, Cars pays Preston $12,000 against the amount owed to Preston.

Decrease in Accounts Receivable = 12000-10000 = $2000

Decrease in Inventory = $8000

Decrease in Accounts Receivable and decrease in inventory are added to net income under indirect method statement of cash flows

<h3>Therefore the answer is </h3><h3>Add change in accounts receivable; add change in inventory.</h3>
You might be interested in
If a beneficiary is enrolled in a ma-only hmo and they also sign up for a pdp plan, they will be automatically dropped from thei
sveticcg [70]

It is True that if a beneficiary is enrolled in a Medicare Advantage plan and they also sign up for a pdp plan, they will be automatically dropped from their Medicare Advantage (ma) plan.

<h3>Medicare Advantage (MA)</h3>

A Medicare Advantage plan is a type of health plan proposed by a private company that leases with Medicare to provide you with all your Medicare Parts A and B benefits. MA plans contain health maintenance organizations, selected provider organizations, personal fee-for-service plans, and Special Needs Plans.

<h3>Medicare Advantage Plans</h3>
  • Health Maintenance Organization (HMO) Plans.
  • Preferred Provider Organization (PPO) Plans.
  • Private Fee-for-Service (PFFS) Plans.
  • Special Needs Plans (SNPs)

Original Medicare contains Medicare Part A (Hospital Insurance) and Part B (Medical Insurance). You can bind a separate Medicare medicine plan to get Medicare medication coverage (Part D).

To learn more about the Medicare Advantage visit the link

brainly.com/question/21464144

#SPJ4

6 0
1 year ago
Assume that Amazon has a stock-option plan for top management. Each stock option represents the right to purchase a share of Ama
Kryger [21]

Explanation:

The Journal entry is given below:-

1 January 2020             No Entry

31 December 2020       Compensation Expense Dr,         6,580

                                              To, Paid-In-Capital                         6,580

(Being the compensation expense stock-option plan is recorded)

Working Note:-

Compensation Expense

= $7 × 4,700 ÷ 5

= $7 × 940

= $6,580

7 0
3 years ago
A business cycle reflects changes in economic activity, particularly real gdp. the stages of a business cycle are?
Lostsunrise [7]

The business cycle goes through four major phases: expansion, peak, contraction, and trough.

A business is an activity that makes a living or makes money by manufacturing or buying and selling products.

Enterprise is defined as an organization or business entity engaged in commercial, industrial, or professional activities. A business can be a commercial or non-commercial organization. The types range from corporations with limited liability to sole proprietorships, corporations and partnerships.

The definition of business is the profession or trade, the buying and selling of goods or services for profit. A business example is agriculture. An example of a transaction is the sale of a home.

Learn more about business here:brainly.com/question/24553900
#SPJ4

8 0
2 years ago
Suppose you deposit $2,500 at the end of year 1, nothing at the end of year 2, $750 at the end of year 3, and $1,300 at the end
pantera1 [17]

Answer:212121212212121212ggthdfb b bgf bv f fsbggrb

2121211212122121212121212

Explanation:

21

4 0
3 years ago
Suppose a stock had an initial price of $65 per share, paid a dividend of $1.45 per share during the year, and had an ending sha
DerKrebs [107]

<u>Solution and Explanation:</u>

<u>The total return is as follows: </u>

Total return = (Closing price – opening price + dividend) / opening price

=(\$ 58-\$ 65+\$ 1.45) / \$ 65

= -8.54%

Therefore, the total return is -8.54%

b. Dividend yield is as follows;

Dividend yield = Dividend / opening price

= $1.45 divided by $65

= 2.23%

Therefore, the dividend yield is 2.23%

c. the capital gain yield is as follows;

Capital gain yield = (Closing price – opening price) / opening price  

=(\$ 58-\$ 65) / \$ 65

= -10.77%

7 0
3 years ago
Other questions:
  • Since he started at american eyeful pictures, inc., david has worked in japan, china, and thailand. the company has probably set
    9·1 answer
  • M purchases a $70,000 Life Insurance Policy with premium payments of $550 a year for the first 5 years. At the beginning of the
    6·1 answer
  • From 2007 to 2012, the u.s. personal savings rate rose. if the additional savings were not translated into investment, keynes wo
    5·1 answer
  • Bagrov Corporation had a net decrease in cash of $14,500 for the current year. Net cash used in investing activities was $56,500
    12·1 answer
  • Increasing marginal opportunity cost means that the production possibility curve is: bowed out so that for every additional unit
    10·1 answer
  • Adams Furniture receives a special order for 10 sofas for a special price of $3,000. The direct m als and direct labor for each
    7·1 answer
  • 3. Hidden details can be shown in drawing<br>using <br>line.​
    5·1 answer
  • Cazenovia is in the midst of a bad? recession, and its Congress has placed economic recovery at the top of its political agenda.
    6·1 answer
  • Kelly decided to accept the risk and purchased a high growth stock. Her returns for the past five years are 32 percent, 24 perce
    10·1 answer
  • A company is a devout follower of Confucian ethics. Hence, it hires people who live by similar principles. What is most likely t
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!