Importance of studying business studies

Look up the term "disintermediation. " Then, think about how technology is affecting B2B sales. Is disintermediation occurring?

EleoNora [17]

<u>Answer</u>:

Explanation:

Technology has more often than not increased the sales of businesses today.

For example, large e-commerce websites such as Amazon sell products <em>in bulk</em> to retail businesses without need for an intermediary.

Thus, through disintermediation with the introduction of technology, business 2 business operations are made more possible.

4 0

3 years ago

Covington corporation's comparative balance sheet for current assets and liabilities was as follows:

Alenkinab [10]

Adjusting the net income of $577,700 for changes in operating assets and liabilities for Covington Corporation shows a net cash flow from operating activities of <u>$578,600</u>.

<h3>What is the net cash flow from operating activities?</h3>

The net cash flow from operating activities indicates the additional cash generated from operations.

This includes the net income, adjustments for noncash items, like depreciation, and changes in working capital.

The operating activities refer to the daily core business activities of an entity. Operating activities are distinguishable from financing and investing activities.

<h3>Data and Calculations:</h3>

Covington Corporation

<h3>Comparative Balance Sheet </h3>

Dec. 31, 2012 Dec. 31, 2011 Changes

Accounts receivable $19,300 $18,100 + $1,200

Inventory 58,100 58,800 - $700

Accounts payable 19,400 19,000 + $400

Dividends payable 18,000 17,000 + $1,000

<h3>Sources of Cash:</h3>

Inventory 700

Accounts payable 400

Dividends payable 1,000

Accounts receivable 1,200

<h3>Operating Activities:</h3>

Net Income $577,700

Accounts receivable (1,200)

Inventory 700

Accounts payable 400

Dividends payable 1,000

Cash from operating

activities $578,600

Thus, Covington Corporation's net cash from operating activities increased by <u>$578,600</u>.

Learn more about operating activities at brainly.com/question/25530656

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<h3>Question Completion:</h3>

Covington Corporation's comparative balance sheet for current assets and liabilities was as follows:

Dec. 31, 2012 Dec. 31, 2011

Accounts receivable $19,300 $18,100

Inventory 58,100 58,800

Accounts payable 19,400 19,000

Dividends payable 18,000 17,000

Adjust net income of $577,700 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.

3 0

2 years ago

Wynn, Inc. manufactures beanies. The budgeted units to be produced and sold are below: Expected Production Expected Sales August

diamong [38]

Answer:

Hence, the budgeted cost of purchases is 12,474 yards

Explanation:

To compute the budgeted cost of purchase, we need to require to do calculations which are shown below:

1. First, we have to compute the purchase amount

= Required production in august + ending inventory - beginning inventory

where,

required production equals to

= expected production × number of yards

= 3,500 units × 18

= 63,000 yards

The ending inventory is 5% of next month production which equals to

= September expected production × number of yarns × rate

= 2,800 units × 18 yards × 5%

= 2,520 yards

And, the beginning inventory is 3,150 yards

Now put these values to the above formula

So, the purchase amount would be equal to

= 63,000 + 2,520 - 3,150

= 62,370 yards

And the cost of a yard is $0.20

So, the budgeted cost of purchase equals to

= Purchase amount × cost of yard

= 62,370 × $0.20

= 12,474 yards

Hence, the budgeted cost of purchases is 12,474 yards

4 0

3 years ago

Ramon incorporated his sole proprietorship by transferring inventory, a building, and land to the corporation in return for 100

olasank [31]

Answer:

Ramon’s basis in the stock he receives in his corporation is $84,000

Explanation:

The computation of Ramon’s basis in the stock received in his corporation would be $84,000 as this amount reflect the adjusted basis of the assets transferred to the corporation.

These assets include inventory, building, and land. So, the total amount of the total assets would be received i.e based on an adjusted basis, not the fair market value

6 0

3 years ago

Rothbart Manufacturing agrees to manufacture bumper cars for 12 Banners Amusement Parks. Under the terms of the contract, 12 Ban

Norma-Jean [14]

Answer:

Rothbart Manufacturing

From the case study, Rothbart Manufacturing has incurred an equivalent cost of 80% in the manufacture of the bumper cars, it should then recognize revenue of $48,000 ($60,000 * 80%) under the percentage of completion method.

However, under the new IFRS 15 or ASC 606 Revenue from Contracts with Customers, Rothbart Manufacturing can only recognize revenue based on the fulfillment of the contract's performance obligations, evidenced by the transfer of the asset or some benefits to the buyer.

I do not see any transfer of benefits here. Instead of recognizing any revenue the current year, Rothbart Manufacturing should assign the cost incurred so far (80%) to Work in Process Inventory, which is a current asset. It can then recognize revenue when the bumper cars are sold.

Explanation:

The International Financial Reporting Standard (IFRS) 15 specifies when revenue from contracts with customers should be recognized. This standard is equivalent to the US Accounting Standard Code 606.

5 0

4 years ago

Importance of studying business studies​

Importance of studying business studies