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Mumz [18]
3 years ago
12

Splish Brothers Inc. reported a net loss of $14400 for the year ended December 31, 2022. During the year, accounts receivable de

creased $33600, inventory increased $24000, accounts payable increased by $36000, and depreciation expense of $28800 was recorded. During 2022, operating activities:_____.
a. used net cash of $17,000.
b. used net cash of $29,000.
c. provided net cash of $24,000.
d. provided net cash of $21,000.
Business
1 answer:
svetlana [45]3 years ago
4 0
The answer is C
Provided net cash 24 k
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On January 1, 2018, the Moody Company entered into a transaction for 100% of the outstanding common stock of Osorio Company. To
Nikolay [14]

Answer:

$800

Explanation:

$800 = $400 cash + ($1.0 x 40 shares) common share + ($9 x 40 shares) adjusted price in common shares

3 0
3 years ago
A word processing program would probably be used to:
vladimir1956 [14]
Ddddddddddddddddddddddddddddddddd
5 0
3 years ago
The manager of a small post office is concerned that the growing township is overloading the one-window service being offered. S
Rashid [163]

Answer:

1) 2 minutes

2) 7 minutes

3) Zero ( 0 )  minutes

4) yes

5) zero ( 0 ) minutes

Explanation:

1) Time required to serve

= 2 minutes

2) The operator will begin processing the fourth customer at 7 minutes

3) The fifth customer will wait in line for zero ( 0 ) minutes

4) Yes the sixth customer will get served right away

5) The average waiting time for the 6 simulated customers is Zero ( 0 )

Attached below is the simulation of the six arrivals

7 0
3 years ago
Sunland Corporation has retained earnings of $708,900 on January 1, 2020. Net income during 2020 was $1,663,000, and cash divide
andriy [413]

Answer:

Beginning RE                    708,900

prior period adjustment  <u>    89,470  </u>

adjusted beginning RE     798,370‬

net income                       1,663,000

cash dividends            <u>        (77,800)      </u>

ending RE                         2,383,570‬

Explanation:

The amend of the mistake is done to adjust the beginning retained earnings as it didn't occur in the current accounting cycle.

We have to added as it was posted as an expense something it wasnt Thus, our expense were overstated making a lower net income

then, we proceed normally by adding the net income and decreasing the cash dividends paid to arrive to ending RE

5 0
3 years ago
Bramble Corp. has $3960000 of 9% convertible bonds outstanding. Each $1,000 bond is convertible into 30 shares of $30 par value
natta225 [31]

Answer: Credit of $217480 to Paid-in Capital in Excess of Par

Explanation:

The following information is given in the question as:

Debit: Bonds payable = $1,250,000

Debit: Premium on bonds payable = $92480

Credit: Common stock = $1,125,000

Credit: Paid in capital in excess of Par = $217480

The above were calculated as:

Common stock = ($1250,000/$1,000) × 30 × 30

= $1250 × 90

= $1,125,000

% Conversion will be:

= $1,250,000 / $3960000 = 0.32

Unamortized bond premium will then be:

= 0.32 × $289,000

= $92,480

Paid in capital in excess of par will be:

= $1,250,000 + $92,480- $1,125,000

= $217,480

Therefore, the answer will be to

"Credit of $217480 to Paid-in Capital in Excess of Par"

4 0
3 years ago
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