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bearhunter [10]
3 years ago
9

Hampton Company reports the following information for its recent calendar year. Income Statement Data Selected Year-End Balance

Sheet Data Sales $ 71,000 Accounts receivable increase $ 6,000 Expenses: Inventory decrease 4,000 Cost of goods sold 38,000 Salaries payable increase 900 Salaries expense 11,000 Depreciation expense 6,000 Net income $ 16,000 Required: Prepare the operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)
Business
1 answer:
Andreyy893 years ago
5 0

Answer:

Net Cash provided by Operating Activities  $20,900.00

Explanation:

Cash Flows from Operating Activities  

Net Income        $16,000.00

Adjustments to reconcile Net Income:

+ Depreciation expenses.

$6,000.00

- Increase in Accounts receivables.

($6,000.00)

+Decrease in Inventory

$4,000.00

+Increase in Salaries Payable.

$900.00

Net Cash provided by Operating Activities   $20,900.00

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A fundamental aspect of _____ is that it effectively conducts global business by providing an individual the right to freedom of
Rus_ich [418]

Answer:

<u>Democracy.</u>

Explanation:

Democracy is a social organization characterized by popular influence and participation in the political decision-making process. In the democratic regime, the people are free to choose their rulers through votes.

It can be defined in a broader context as a constitutional, electoral and administrative order, the foundations of which must be established according to a social system. Some fundamentals of democracy are:

  • Freedom of expression and opinion of the individual.
  • Freedom of expression and political opinion of the individual.  
  • Equal political rights and favorable opportunities for the people and parties to speak out on decisions of general interest.
5 0
3 years ago
Suppose that​ Roots' marginal cost of a jacket is a constant ​$100.00 and the total fixed cost at one of its stores is ​$1 comma
Nesterboy [21]

Answer:

What is this​ store's average total cost of a jacket sold before the advertising begins and after the advertising begins.

before advertising costs increase:

marginal cost is constant, so we can state that the total variable costs are $100 per jacket

total fixed costs = $1,000 per day / 15 jackets = $66.67 per jacket

average total cost per jacket before increasing advertising expense = $100 + $66.67 =) $166.67

after advertising costs increase:

total variable costs are $100 per jacket

total fixed costs = $2,000 per day / 55 jackets = $36.36 per jacket

average total cost per jacket after increasing advertising expense = $100 + $36.36 =) $136.36

Can you say what happens to the price of a Roots​ jacket, Roots'​ markup, and​ Roots' economy?

Roots is experiencing economies of scale since average total cost per jacket decreased as the total number of jackets sold increased. But in order to sell that new amount of jackets, their price probably decreased. If the price hadn't changed, then the profit maximizing number of jackets sold per day would be close to 30, but it clearly isn't. That means that the company's markup decreased, but the company is now better off since it is maximizing its profits even though its expenses increased and the markup decreased.

8 0
3 years ago
Topdog is a toy company, whose profit/sales percentage is 13% in 2015, 16% in 2016 and 20% in 2017. Assuming simple trend, what
elixir [45]

Answer:

25%

Explanation:

Using simple trend, to calculate the predicted sales/profit of 2018, we use;

(percentage sales of 2017 - percentage sales of 2016) ÷ percentage sales of 2016.

we have,

percentage sales in 2018 = <u>20 - 16</u>

                                              16

                                        =  <u>4</u>

                                           16

                                       = 0.25.

Percentage sales in 2018 = 25% i.e 0.25 x 100%

Cheers.

6 0
3 years ago
Records show that 5% of all college students are foreign students who also smoke. it is also known that 50% of all foreign colle
miskamm [114]
<span>10% Simplest way to solve this problem is realizing that if 50% of all foreign students smoke, then that also means that 50% of all foreign students don't smoke (100% - 50% = 50%). So for every smoking foreign student you see, there's a non-smoking foreign student. So just double the number of smoking foreign students to get the total number foreign students. So 5% * 2 = 10%</span>
4 0
3 years ago
Which of the following is one of the value gaps that can undermine customer experiences and can damage relationships?
s2008m [1.1K]

Answer:

Service Quality Gaps

Explanation:

Service Quality simply refers to the level of satisfaction a customer gets from a service.

Therefore, Service Quality Gaps is one of the value gaps that can undermine customer experiences and can damage relationships.

This is because, based on the level of customer satisfaction, a relationship could be built or destroyed.

5 0
2 years ago
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