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Tatiana [17]
3 years ago
6

Using the information below, calculate net income for the period:

Business
1 answer:
kkurt [141]3 years ago
4 0

Answer:

See explanation

Explanation:

The correct choice is not available : Net Income is $511,000

We determined this as follows :

<u>Income Statement for the ended December 31</u><u>  </u>

Sales                                                                                      $1,323,000

Less Cost of Sales

Opening Finished Goods Inventory               $55,000

Add Cost of goods manufactured                $559,000

Less Ending Finished Goods Inventory        ($60,000)     ($554,000)

Gross Profit                                                                             $769,000

Less Expenses

Operating expenses                                                             ($258,000)

Net Income                                                                               $511,000

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The ratio of cash to monthly cash expenses can be used to _____. a.assess how long a company with negative cash flows from inves
sp2606 [1]

Answer:

The correct option is C. which is <em>assess how long a company with positive cash flows from financing activities can continue to operate</em>

Explanation:

<em>The ratio of cash to monthly cash expenses can be used to make assessment of a company whether how long it can determine without additional financing and positive cash flows generated from operations.</em>

The formula of The ratio of cash to monthly cash expenses

= Cash s of year end ÷ Monthly Cash Expenses

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3 years ago
A firm purchases goods on credit worth $150. The same firm pays off $100 in old credit purchases. An investment is made via the
Oxana [17]

Answer:

A. $50 increase

Explanation:

Basically there are three types of activities:

1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.

2. Investing activities: It records those activities which include purchase and sale of the fixed assets

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.  

The change in net cash provided by operation is shown below:

= Investment made - purchased goods on credit - paid amount

= $300 - $150 - $100

= $50

4 0
3 years ago
Which of the following database object hold data?
natta225 [31]

Answer:reports

Explanation:

6 0
3 years ago
In _________, machines are designed to do multiple tasks so that they can produce a variety of products.
zhenek [66]
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True or false: you should measure the inputs to a restaurant process in customers and the outputs in dollars.
kondor19780726 [428]

You  should measure the inputs to a restaurant process in customers and the outputs in dollars is a false statement.

<h3>What is the flow of a restaurant?</h3>

This is known to be called the patron's flow and it is one that tends to originate from the entrance to the table of the host, and also   to the restrooms as well as the back out.

Note that Flow is seen as a form of volumetric flow rate and it is one that is  simply known to be the volume of fluid that moves per unit of time.

Therefore, saying that you should measure the inputs to a restaurant process in customers and the outputs in dollars is a false statement.

Learn more about restaurant process from

brainly.com/question/14672240

#SPJ1

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1 year ago
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