Answer:
See below
Explanation:
Net income during the year
$59,000
Adjustments:
Depreciation
$27,000
Changes in current assets and liabilities
Less:
Increase in accounts receivables
($32,000)
Increase in inventories
($12,000)
Decrease in accounts payable
$25,000
Net cash flow from operating activities
$17,000
I need more details to answer this
Answer:
Socially responsible funds are distinguished from other mutual funds because they invest only in companies that meet specified moral, ethical or environmental standards.
Explanation:
Socially responsible funds are mutual funds that follow the criteria of Socially Responsible Investing (SRI). SRI is an investment strategy that consists on choosing the companies in which to invest the money considering not only financial return, but also the social or environmental impact and appreciating good management.
Answer:
Liability for product warranty at month end is $4810
so correct option is E) None of these
Explanation:
given data
time = 45 days
defective = 8%
average repair cost = $65 per unit
total sales = 1,000 units
repaired = 6 unit defective
to find out
liability for product warranties at month end
solution
we know that First Month Sales units = 1,000
and First month estimated liability in units @8 % is = 80
and here Defective Units already repaired is 6
Additional liability in unit is = 80 - 6 = 74
and Additional liability @$65 per unit will be = 74 × 65 = 4810
So Liability for product warranty at month end is $4810
so correct option is E) None of these
Answer:
Aug 1
Dr Cash $12,750
Dr Photography equipment $54,825
Cr Common stock $67,575
Aug 2
Dr Prepaid insurance $3,500
Cr Cash $3,500
Aug 5
Dr Office supplies $2,423
Cr Cash $2,423
Aug 20
Dr Cash $2,050
Cr Photography fees earned $2,050
Aug 31
Dr Utilities Expense $868
Cr Cash $868
Explanation:
Preparation of general journal entries for the above transactions
Aug 1
Dr Cash $12,750
Dr Photography equipment $54,825
Cr Common stock $67,575
($12,750+$54,825)
Aug 2
Dr Prepaid insurance $3,500
Cr Cash $3,500
Aug 5
Dr Office supplies $2,423
Cr Cash $2,423
Aug 20
Dr Cash $2,050
Cr Photography fees earned $2,050
Aug 31
Dr Utilities Expense $868
Cr Cash $868