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IceJOKER [234]
3 years ago
13

2. Indicate whether the following statements are true or false:

Business
1 answer:
VladimirAG [237]3 years ago
7 0

Answer:

false ucboycivtsobudbvrxyvjk

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Zoe's Dog Biscuits, inc, has net cash flows from operating activities for the last year of $226 million. The income statement sh
Zigmanuir [339]

Answer:

D. $65 million

Explanation:

The computation of the  end of year balance for accounts receivable is shown below:

Cash flows from operating activities $226

net income $150

Add: depreciation $85

Less: increase in inventory -$14

Add: increase in wages and taxes $15

Add: increase in account payable $10

Total $246

Change in account receivable -$20

Opening account receivable $45

Ending account receivable $65

5 0
2 years ago
What are two advantages of the procurement integrated enterprise environment.
nevsk [136]

Answer:

Increasing visibility on all procurement stages. You can get access to the reports, documents, payments, workflows anytime. Data Security.

Explanation:

here is your answer if you like my answer please follow

4 0
2 years ago
Write a paragraph summary of the history of credit and consumerism
ollegr [7]

Answer:

Credit was invented by Mr A Smith (of bank note fame) to allow parents to top-up teenagers phones. This was viewed as particularly important since without it they would be unable to cheat on their homework.

Explanation:

Do I really need to explain such an egregious answer

7 0
3 years ago
Allstate shipping body forklift for $20,000. It is expected to have a five-year useful life and trade in value of $2,000. Prepar
timama [110]

In order to calculate the depreciation using the double declining balance method you must first calculate the amount of depreciate using the straight line method. After you calculate it by the straight line method, you simply need to double it for this this problem.

The original price is $20,000, and then subtract the $2,000 estimated trade in value and the answer is $18,000. This is the amount that you need to depreciate.

Straight line method: $18,000 divided by the 5 year useful life = $3,600 per year.

Double declining balance = $3,600 x2 = $7,200 per year depreciation.

Year Depreciation Amount

1 7,200

2 7,200

3. 3,600

3 0
3 years ago
At the beginning of the year, Monroe Company estimates annual overhead costs to be $800,000 and that 200,000 machine hours will
lora16 [44]

Answer:

$600,000

Explanation:

For computing the overhead applied first we have to find out the predetermined overhead rate

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated machine hours)

= $800,000 ÷ 200,000 hours

= $4

Now the overhead applied is

= Actual direct labor-hours × predetermined overhead rate

= 150,000 hours × $4

= $600,000

3 0
3 years ago
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