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Verdich [7]
3 years ago
8

Cheyenne Corp. had the following transactions during 2017:

Business
1 answer:
olasank [31]3 years ago
4 0

Answer:

$316,800

Explanation:

Cashflow from Operating activities = Cash sales - Paid wages - Bought Inventory for cash

Cashflow from Operating activities = $704,000 - $105,600 - $281,600

Cashflow from Operating activities = $316,800

So, the net cash provided by operating activities is $316,800

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Ferguson corp. purchased inventory on account for $20,000. the entry to record this transaction would include?
Marianna [84]

The entry to record this transaction would include:

Dr. Inventory $20,000

Cr. Accounts payable    $20,000

What does it mean to purchase inventory on account?

Purchasing the inventory on account for $20,000 means that Ferguson corp. did not make payment for the inventory immediately, it rather purchased the inventory on credit with a promise to pay later.

As a result, the liability of Ferguson corp. has increased, specifically, the company would credit accounts payable with $20,000 such that inventory, which is the receiving account is debited with the same amount

Find out more about journal entry on:brainly.com/question/11312217

#SPJ1

8 0
1 year ago
Zhang Industries sells a product for $750. Unit sales for May were 400 and each month's sales are expected to grow by 3%. Zhang
Colt1911 [192]

Answer:

Total= $292,520

Explanation:

Giving the following information:

Zhang Industries sells a product for $750. Unit sales for May were 400 and each month's sales are expected to grow by 3%. Zhang pays a sales manager a monthly salary of $4,000 and a commission of 2% of sales in dollars. Assume 30% of Zhang's sales are for cash. The remaining 70% are credit sales; these customers pay in the month following the sale.

Cash budget for June:

Sales= [(400*1.03)*750]*0.3= 92,700

Sales from May= (400*750)*0.7= 210,000

Salary= (4,000)

Commision= [(400*1.03)*750]*0.02= (6,180)

Total= $292,520

6 0
3 years ago
A company can save tens of thousands of dollars in the long run by converting to energy saving bulbs and instituting energy savi
Vesnalui [34]

Answer: business proposal

Explanation:

Business proposal shows the benefits of embarking on a particular project, the plans needed to execute the project, the breakdown of materials needed to achieve the aim of the project, time frame, and the budget or total cost breakdown to successfully complete the project.

In summary, business proposal is written in other to convince investors to invest in a particular project.

3 0
3 years ago
What level of education may be required for a career as a help desk associate?
hichkok12 [17]

<u>Answer:</u>

<em>A. Associate's degree program </em>

<em></em>

<u>Explanation:</u>

An associate degree is the main level of post-optional instruction that secondary school graduates can seek after at non-professional organizations of higher learning. Ordinary partner projects take two years to finish; therefore, adaptable online plans can be intended to assist you with graduating in as meager as the year and a half.

Since an associate degree educational program is regularly taken from and worked around few general training prerequisites expected to procure program of 4 years education, a partner degree may assist you with getting ready to finish a future four-year college education program.

3 0
3 years ago
The goals scored per game by a soccer team represent the first quartile for all teams in a league. what can you conclude about t
nirvana33 [79]

Actually the quartile represents in what rank or order the team is when all the goals per team is arranged in ascending order. So for example since the team is on the first quartile, so this means it is on the 25% of the ranking. Hence we can say that:

“the team scored fewer goals per game than 75% of the teams in the league”

3 0
3 years ago
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