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Studentka2010 [4]
3 years ago
8

Accounts Receivable from sales to customers amounted to $80,000 and $70,000 at the beginning and end the year, respectively. Inc

ome reported on the income statement for 2022 was $252,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is
Business
1 answer:
Kipish [7]3 years ago
5 0

Answer:

$332,000

Explanation:

<u>Cash flow from operating activities</u>

Net Income                                                                                  $252,000

Adjust for changes in working capital items :

Decrease in Accounts Receivable ($80,000 - $70,000            $80,000

Net Cash Provided by Operating Activities                              $332,000

Conclusion

the cash flows from operating activities to be reported on the statement of cash flows is $332,000

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Newton Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,000,000 shares of $10 par common
Liono4ka [1.6K]

Answer:

See Explanation Below

Explanation:

Formula:

Shares is calculated by multiplying common stock by duration (in years)

1.

Given

Number of common shares issued and outstanding at December 31, 2015 = 2,000,000

Shares issued as a result of a 10% stock dividend on September 30, 2016 = 200,000

Calculating the weighted average number of common stocks:

Jan 1 2016 to Sept 30,2016:

First, note that there are 9 months between these two dates

So, the number of shares is calculated as: Common Shares * Duration (in years)

Number of Shares = 2,000,000 * 9/12

Number of Shares = 1,500,000

Jan 1 2016 to Sept 30,2016 - Adjusted

Given that there is a share issued as a result of 10% Stock dividend

Number of shares is calculated as 1,500,000 + the additional 10%

Number of Shares = 1,5000,000 + 10% * 1,500,000

Number of Shares = 1,500,000 + 150,000

Number of Shares = 1,650,000

Oct 1, 2016 to Dec 31, 2016

There are 3 months between these two dates

Common Shares between these dates = 2,000,000 + 200,000 --; This is gotten from outstanding shares of December 31, 2016 (2,000,000) and shares issued as a result of 10% Stock dividend (200,000)

Duration = 3/12 --- (by converting month to years)

So, Number of Shares = Common Shares * Duration

Number of Shares = 2,200,000 * 3/12

Number of Shares = 550,000

Total = 1,650,000 + 550,000

Total = 2,200,000 Shares

2.

Jan 1, 2017 to Mar 31, 2017

We'll still make use of the formula used in (1) above

Common Stocks * Duration (in years)

Between these dates, there are three months and common stock =2,200,000 --- as calculated in (1) above

So, Number of shares = 2,200,000*3/12 = 550,000

March 1,2017 to Dec31,2017

Given

Number of common shares issued and outstanding at December 31, 2017 = 4,200,000

Here, Common stocks = 4,200,000

Duration = 9/12

Number of Shares = 4,200,000*9/12 = 3,150,000

Total Number of Shares = 550,000 + 3*150,000 = 3,700,000

3.

Given

Weighted number of shares for 2017 = 3,700,000 --- calculated in (3) above

Weighted average number of shares = 2 * Weighted number of shares for 2017

Weighted average number of shares = 2 * 3,700,000

Weighted average number of shares = 7,400,000

4.

Jan 1, 2017 to Mar 31,2017.

Duration between these dates = 3/12 years

Number of common shares issued and outstanding at December 31, 2017 = 4,200,000

Number of Shares = 4200,000*3/12 = 1,050,000

April 1, 2017 to Dec 31, 2017

Duration = 9/12 years

Common Stocks = 4,200,000 * 2

Number of Shares = 4200,000*2*9/12 = 6,300,000

Total = 1,050,000 + 6,300,000 = 7,350,000

8 0
3 years ago
If employees are told that budgets must be cut by 10 percent, they may automatically assume that 10 percent of employees will lo
Mandarinka [93]

Answer: This tendency to make assumptions is referred to as CLOSURE.

Explanation: CLOSURE is defined as the experience of an emotional conclusion usually to a difficult period. This is usually done bearing in mind that the experience is open to more than one meaning, interpretation or explanation. In this case, the information given to the employees is a polysemy/ambiguous making their assumptions referred to as closure.

7 0
3 years ago
Which of the following jobs is considered a trade?
Rina8888 [55]
The correct answer is plumbing
5 0
2 years ago
Read 2 more answers
Due to erratic sales of its sole product-a high-capacity battery for laptop computers-PEM, Inc., has been experiencing financial
Nadusha1986 [10]

Answer:

the revised net operating income is   $ 26,400

Explanation:

Effect the Changes on the Units, Selling Price and Fixed Cost as described on the Original Income Statement.

                          Revised Income Statement

Sales( (12,900 units x 2)× ($20 per unit×0.90))      $ 464,400

Variable expenses ( $10× (12,900 units x 2))         ($ 258,000)

Contribution margin                                                  $206,400

Fixed expenses (144,000  + $36,000 )                    ($180,000)

Net operating loss                                                     $ 26,400

5 0
3 years ago
Supply-side policies have proven that smaller government makes the economy more efficient. ​ Select one: True False
scoundrel [369]

Answer:

The given statement is "False".

Explanation:

  • Supply-side policies include those strategies that increase the economic ability of an enterprise as well as the ability to manufacture. To increase supply-side efficiency, there are also many specific steps that somehow an authority may undertake.
  • Any strategy that increases the economic capacity of a nation's infrastructure and therefore its ability to transfer should be under the supply-side legal framework.
3 0
3 years ago
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