Based on the perpetual inventory system, the payment for inventory, and the freight costs, the net cash flow from operating activities is $28,346
<h3>How to find the net cash flow?</h3>
The net cash flow for Green Company from its various transactions and using the perpetual inventory system can be found by the formula:
= Cash inflow from sales to customers - Cash outflow for freight cost - Cash outflow for freight cost to customers - Cash outflow for payment to supplier in ten days
The net cash flow from operating activities is therefore:
= 96,600 - 2,530 - 1,730 - (65,300 x (100% - 2%))
= 96,600 - 2,530 - 1,730 - 63,994
= $28,346
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Answer:
The exchange rate should be approximately <u>0.340364</u> dollars per peso.
Explanation:
Spot rate = 1 Argentina Peso = $0.3600
Inflation in Argentina = 10 %
U.S. inflation = 4 %
Hence Expected rate =
1Peso (1.10) = $0.3600(1.04)
Hence
1 Peso = $0.3600(1.04) / 1.10
1 Peso = 0.340364
Answer:
Identification of Type of Account, etc.:
Letter Account
2. Sales & Services
6. Allowance to for Doubtful Accounts - 6. (Asset), Credit, Balance Sheet, No
1. Office Salaries Paid - Expense or Loss, Debit, Income Statement, Yes
Notes Payable
8. Cash - Asset, Debit, Balance Sheet, No
1. Sales Returns & Allowances - Expense or Loss, Debit, Income Statement, Yes
Explanation:
NB: Notes Payable are Liabilities, Credit, Balance Sheet, No.
The normal balance of Assets is debit. Assets are stated in the balance sheet and are not closed at the end of the period. The normal balance of Liabilities and Equity is credit. Liabilities and Equity are stated in the balance sheet and are not closed at the end of the period. The normal balance of Revenue or Gain is credit. Revenue or Gain is stated in the Income Statement and is closed at the end of the period. The normal balance of Expense or Loss is debit. Expense or loss is closed at the end of the period.
Answer:
An office is a position of authority or service, typically one of a public nature.
Answer:
The statement is FALSE.
Explanation:
Concrete terms are referred to those objects and events that are available to the five senses of human. However, these terms can be used in an abstract or symbolic way. A word is concrete in a specific context, but becomes a symbol of an abstract idea in a different context depending on the author's intent. This is possible because that symbol is not used in a literal meaning, but is used to represent an idea which usually means something else. Henche the given statement is wrong.
