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Lunna [17]
3 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]3 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

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<h2>Leaders using the "authoritarian leadership" are only minimally involved in decision making and encourage group members to make their own decisions.</h2>

Explanation:

  • Authoritarian leadership is also called Autocratic leadership.
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  • They do not accept advice from others
  • They do not trust others and try to rule everyone.
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8 0
3 years ago
Cal has a choice between two gambles. The first gamble offers a 50 percent chance of winning $20 and a 50 percent chance of losi
Ber [7]

Answer:

The second gamble has the higher expected value. EV = 4

Explanation:

In betting, expected value can be defined as (Amount won per bet * probability of winning) – (Amount lost per bet * probability of losing)

For the first gamble:

EV=(0.5*20) - (0.5*20) = 0

For the second gamble:

EV= (0.2*100) - (0.8*20) = 4

This means that Cal is expected to earn $4 for each $20 waged on the second gamble while he is expected to break even in the first gamble.

Therefore, the second gamble has the higher expected value.

4 0
3 years ago
One of the basic premises in finance is that when the risk of an investment is high, the rate of return required by the investor
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Answer:

A. High

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When an investment is considered risky, investors would demand a high rate of return as compensation for holding a risky investment.

The required rate of return is usually higher than the short term t bills rate.

I hope my answer helps you.

5 0
3 years ago
if an economy is experiencing a cyclical downturn and output does not return to the secular growth trend, the economy is said to
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If an economy is experiencing a cyclical downturn and output does not return to the secular growth trend, the economy is said to be experiencing structural stagnation.

<h3>What is structural stagnation?</h3>

This stagnation is attached to economies that are matured and it occurs when growth rate do the economy decreases rather than increasing.

The population may be decreasing and yet the country is experiencing stagnation.

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2 years ago
Which of these statements explains the term price?
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C is the correct answer

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3 years ago
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