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
Lunna [17]
2 years ago
12

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

ows that net income in $150 million and depreciation expense is $85 million. During the year, the change in inventory on the balance sheet was an increase of $14 million, change in accrued wages and taxes was an increase of $15 million and change in accounts payable was an increase of $10 million. At the beginning of the year the balance of accounts receivable was $45 million. What was the end of year balance for accounts receivable?
A. $20 million
B. $25 million
C. $45 million
D. $65 million
Business
1 answer:
Zigmanuir [339]2 years ago
5 0

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

You might be interested in
When appreciated property is distributed in a nonliquidating distribution, the net effect on the distributing corporation's E&am
lys-0071 [83]

Answer:

True

Explanation:

"Nonliquidating corporate distributions are distributions of cash and/or property by a continuing corporation to its shareholders. At the shareholder level, a nonliquidating corporate distribution can produce a variety of tax consequences, including taxable dividend treatment, capital gain or loss, or a reduction in stock basis. [...]

The corporate-level tax consequences of a nonliquidating corporate distribution depend on whether the distribution consists of cash or property (other than cash). The corporation does not recognize gain or loss when it distributes cash to shareholders or when it redeems stock in exchange for cash payments."

Reference: Ellentuck, Albert  B. “Understanding the Effects of Nonliquidating Distributions on Corporations.” The Tax Adviser, 1 Jan. 2009

8 0
3 years ago
Bob's Custom Millwork is a business that provides custom cabinetry and furniture for both businesses and individual consumers. B
raketka [301]

Answer:

The correct answer to the following question is that the marketing strategy used by Bob's custom millwork is pull strategy.

Explanation:

A pull marketing strategy ( also know as pull promotional strategy ) can be defined as that strategy where a company tries to increase the demand of its products and services and and pull (draw) the consumers towards their products. The main objective of this strategy is to make people or consumer want or seek for your particular product. This strategy can be used independently ( on its own ) or this can be used with push marketing strategy. From the given case of Bob's custom millwork it is quite clear that pull marketing strategy is being used here.

5 0
3 years ago
An investor that owns between ___ and ___ percent of the voting stock of an investee is assumed to have significant influence ov
Alexeev081 [22]

An investor is considered to have substantial influence over an investee if they possess between 20% and 50% of the voting shares.

Equity accounting is used to record and account for equity investments made by a firm when it holds 20% or less of the voting shares of another company.

According to the number of shares it owns in the investee company, the investor records the investee's earnings in its accounts.

In other words, the initial investment grows in proportion to the earnings earned.

The investee is a subsidiary of the investor since it has the power to control influence if it holds more than 50% of the voting shares.

Find out more about voting stock

brainly.com/question/14821403

#SPJ4

4 0
2 years ago
When joan got transferred to a new city, she went there ahead of the rest of her family and independently shopped for and purcha
d1i1m1o1n [39]
Joan's decision would be described as a "heuristic decision"
8 0
3 years ago
Which of the following statements about business reports is true?
liberstina [14]

Answer:

a. It is important to strike a balance between objectivity and positivity in a report.

Explanation:

A standard business report should be well-researched, objective, and presented in a formal format.  The facts should be clear. Data presented must verifiable.

Objectivity is crucial in a business report. The business report should be framed from the company's perspective.  The report must remain impersonal. For example, if the sales for the year dropped, don't say the sales were horrible. Let the numbers speak for themselves. Objectivity requires information to be presented as is; without any manipulations.

The choice of words and phrases is critical in business reporting. Caution should be taken, especially if the performance is below expectations.  A poorly worded statement may send investors into a panic mode, which can affect share prices adversely. Positivity in words and body language help increase investor confidence.

8 0
3 years ago
Other questions:
  • Operations management moves from knowing the needs of consumers to actually satisfying those needs.a) trueb) false
    9·1 answer
  • Big Game, Inc., is a manufacturer of hunting supplies. The following is a summary of the company's annual payroll-related costs:
    6·1 answer
  • Beck Manufacturing reports the information below for 2017. Raw Materials Inventory Begin. Inv. 10,000 Purchases 45,000 Avail. fo
    11·1 answer
  • Jamie is looking for a new job. She used to be the top sales representative for the region and was expecting to be promoted. How
    5·1 answer
  • Which of these represent the correct order of steps of the flow of accounting information? Prepare a trial balance. Analyze what
    5·1 answer
  • The type of scarcity in the cartoon?​
    12·1 answer
  • A cell phone company charges $1.25 for a long-distance phone call, plus an additional $0.15 per minute. If Kyle wants to spend l
    5·1 answer
  • What is functional structure in organization?​
    9·1 answer
  • Internet access to use online banking costs you $39.99 per month. A book of checks costs you $17.95 per 100. Your bank charges y
    7·1 answer
  • If the U.S. dollar appreciates, an MNC's: a. exports denominated in foreign currencies will probably increase. b. U.S. sales wil
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!