All categories

3 years ago

The following information pertains to Peak Heights Company:

Business

1 answer:

Delvig [45]3 years ago

5 0

Answer:

Peak Heights Company

PEAK HEIGHTS COMPANY

Statement of Cash Flows

Operating Activities Section

Net income $15,625

Non-cash flow: Depreciation 6,700

Changes in working capital:

Accounts receivable -$4,400

Inventory 4,000

Salaries payable 750

Net cash from operating activities $22,675

Explanation:

A) Data and Calculations:

Peak Heights Company:

Income Statement for Current Year

Sales $85,900

Expenses Cost of goods sold $51,675

Depreciation expense 6,700

Salaries expense 11,900 70,275

Net income $15,625

Partial Balance Sheet Current year Prior year Changes

Accounts receivable $9,800 $14,200 -$4,400

Inventory 13,100 9,100 4,000

Salaries payable 1,620 870 750

You might be interested in

Assume that a one-year CD purchased for $1000 pays an APR of 10% that is compounded semi-annually. How much is in the account at

vfiekz [6]

Answer:

At the end of the first compounding period: $1,050.00

At the end of the second compounding period: $1,102.50

Explanation:

1. First period:

Investment: $1,000

APR = 10% = 0.1 compounded semi-annually.

Semi-annually compound interest: 0.1 / 2 = 0.05

Interest earned at the end of the first period: $1,000 × 0.05 = $50.00

Amount in the accoun at the end of the first period:

$1,000.00 + $50.00 = $1,050.00

2. Second period

Amount in the account beginning the second period: $1,050.00

Semi-annually compound interest: 0.1 / 2 = 0.05

Interest earned in the second period:

$1,050.00 × 0.05 = $50.00 = $52.50

Amount in the account at the end of the second period:

$1,050.00 + $52.50 = $1,102.50

6 0

3 years ago

Keisha owns a house worth $275,000 with a mortgage of $195,000. She owns a car worth $12,000 and has $7,500 in car loans. She ha

avanturin [10]

House is worth 275- 195= 80k equity. Car is 12k-7500= 4.5k equity plus 3k investments plus 2700 in the bank minues 1500 credit card debit= 88,700

8 0

3 years ago

Read 2 more answers

The idea of _____ is a form of innovation that constantly seeks ways to improve business processes and add value to products and

Slav-nsk [51]

Answer:

The answer is Continual Improvement Process

Explanation:

Continual Improvement Process involve the action(s) undertaken by businesses to improve their goods, services or method of operations.

Simply put, it is the policy in a workplace that seeks to improve the way things are done on a day-to-day basis.

Continual improvement process is important in business, in that it makes the business owner(s) or employees think about the problems that affect them and formulate solutions to these problems. This will therefore increase efficiency in business.

7 0

3 years ago

Jimmy John's sandwiches claim to have "Freaky Fast" delivery. This ________, which refers to the place a product occupies in con

Salsk061 [2.6K]

Answer:

D) Product Positioning

Explanation:

Product positioning is the process used by marketers to communicate about their products to targeted customers. They focus primarily on the needs of the customers, availability of the channels for communication and attributes of the products. It enables the target customers to receive all the messages and update regarding the business and ask them to take the necessary steps accordingly.

7 0

3 years ago

Effective _______ is when customers can seamlessly search for a fashion brand merchandise on their smartphones, order the mercha

nordsb [41]

Answer:

The answer is: A) omnichannel distribution

Explanation:

Onmichannel distribution is a multichannel approach to sales were customers are provided with a seamless shopping experience by integrating operations between brick and mortar stores and online shopping.

The internet changed our world and made information available anywhere, anytime. So shoppers can now buy something online at 11 PM while lying on their beds and they can decide to get the products sent home or pick them up at a store by themselves.

Companies that aren´t able to offer this type of shopping experience will tend to disappear (i.e. Sears).

3 0

3 years ago