1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Musya8 [376]
3 years ago
15

Innovative Products reported net income of $219,000. Beginning and ending inventory balances were $44,500 and $46,500, respectiv

ely. Accounts Payable balances at the beginning and end of the year were $40,500 and $37,000, respectively. Assuming that all relevant information has been presented, the company would report net operating cash flows of:
Business
1 answer:
andrew11 [14]3 years ago
3 0

Answer:

$213,500

Explanation:

Given the information above, first, we'll determine increase in inventory

Increase inventory = Ending inventory - Beginning inventory

Increase inventory = $46,500 - $44,500

Increase inventory = $2,000

We will also calculate decrease in account payable

Decrease in accounts payable = Beginning accounts payable - Ending accounts payable

Decrease in accounts payable = $40,500 - $37,000

Decrease in accounts payable = $3,500

Therefore,

Net operating cash flows = Net income - Increase inventory - Decrease in accounts payable

Net operating cash flows = $219,000 - $2,000 - $3,5000 = $213,500

You might be interested in
Which of the following is true of applications for employment?
AleksAgata [21]

Answer:

3.

Explanation:

3 0
3 years ago
Read 2 more answers
Layne is romantically interested in his employee, Brenda. He has asked her out a few times, but Brenda has turned him down.
DedPeter [7]

Answer: He is not representing good work place habitr

Explanation: you cannot be romantically involved with some one in the work place

4 0
3 years ago
All of the fixed manufacturing overhead costs would continue whether Part B89 is made internally or purchased from an outside su
abruzzese [7]

Answer:

The correct option is a. Make the new product and buy the part to earn an extra $1.00 per unit contribution to profit.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

Moon Appliance manufactures a variety of appliances which all use Part B89. Currently, Moon Appliance manufactures Part B89 itself. It has been producing 9,000 units of Part B89 annually. The annual costs of producing Part B89 at the level of 9,000 units include:

Direct materials = $3.00

Direct labor = $8.00

Variable manufacturing overhead = $4.00

Fixed manufacturing overhead = $3.00

Total cost = $18.00

All of the fixed manufacturing overhead costs would continue whether Part B89 is made internally or purchased from an outside supplier. Assume Moon Appliance can purchase 9,000 units of the part from the Nadal Parts Company for $20.00 each, and the facilities currently used to make the part could be used to manufacture 7,000 units of another product that would have a $6 per unit contribution margin. If no additional fixed costs would be incurred, what should Moon Appliance do?

Select one:

a. Make the new product and buy the part to earn an extra $1.00 per unit contribution to profit.

b. Make the new product and buy the part to earn an extra $4.00 per unit contribution to profit.

c. Continue to make the part to earn an extra $3.00 per unit contribution to profit.

d. Continue to make the part to earn an extra $8.00 per unit contribution to profit.

The explanation of the answer is now given as follows:

Since all of the fixed manufacturing overhead costs would continue whether Part B89 is made internally or purchased from an outside supplier, it implies that the fixed manufacturing overhead costs will not be considered in taking the decision.

We therefore proceed as follows:

Amount saved and generated per unit by outsourcing = Direct materials cost per unit + Direct labor cost per unit + Variable manufacturing overhead per unit + Per unit contribution margin from another product = $3 + $8 + $4 + $6 = $21

Price to buy from Supplier = $20

Extra per unit contribution to profit = Amount saved and generated per unit by outsourcing – Price to buy from Supplier = $21 - $20 = $1

Therefore, the correct option is a. Make the new product and buy the part to earn an extra $1.00 per unit contribution to profit.

3 0
3 years ago
In 2008, Betserai was a 10-year-old quintrillionaire living in Bulawayo, Zimbabwe. He was literally rolling in money. In fact, B
marishachu [46]

Answer:

C. Rapid rises in price levels made the Zimbabwean dollar near worthless in terms of purchasing power.

Explanation:

As in the given situation it is mentioned that 10 year old boy has the bill of billion dollar this represented that the country really printed the bill of billion dollar. It means that the attempt is to be done in order to print a currenct note of higher denomination that also represent that the country would increased such level also at the same time a big amount is required to purchased the goods and services.

Also the high denomination values would not consist of actual value as they have purchasing power i.e. negligible

4 0
3 years ago
Many farmers practice "crop rotation" by planting a field with corn one year and soybeans the next. why might they do this?
lisabon 2012 [21]

The reason that they do this because rotating crops has the capability of keeping the nitrogen from being depleted in the soil as nitrogen fixing bacteria are likely to be found in the nodules of the roots of the soybeans and not on the corn’s roots that makes soybeans the next after the corn is planted first.

8 0
3 years ago
Other questions:
  • Marcus volunteers for an organization that cleans up
    12·2 answers
  • Which of the following statements is true of semiglobalization?
    5·1 answer
  • Michael dell warned companies to be careful about the way they interpret data from the​ ________. the sales numbers might reflec
    14·1 answer
  • Lorek company acquires land for $160,000 cash. additional costs are as follows: removal of shed, $500; filling and grading, $2,0
    13·1 answer
  • Assume a contract exists between Mr. Jones, a college professor, and his student, Mr. Smith. Jones provides a syllabus, instruct
    14·1 answer
  • The 2012 youth gang survey depicted an estimated 30,000 gangs containing about ______________ gang members active in the united
    14·2 answers
  • Based on your reading of the following, choose the correct response.
    9·1 answer
  • Two countries trade with each other regularly. Country A has a strong economy and buys
    7·2 answers
  • What is the term that slaves used for the voyage across the atlantic?
    7·1 answer
  • In a research program that was conducted at the University of Michigan, it was found that relationship-oriented behavior also ma
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!