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Mumz [18]
2 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]2 years ago
4 0
The answer is C
Provided net cash 24 k
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The following financial ratios and calculations were based on information from Kohl Co.'s financial statements for the current y
creativ13 [48]

Answer:

Kohl's Average total Assets were $1,000,000

Explanation:

1.

Asset Turnover = Net Sales / Average fixed Assets

Net Sales = Asset Turnover x Average fixed Assets

2.

Account Receivable Turnover = Net Sales / Average Account receivable

Net Sales = Account Receivable Turnover x Average Account receivable

According to given condition

Asset Turnover x Average fixed Assets = Account Receivable Turnover x Average Account receivable

2 X Average fixed Assets = 10 X $200,000

Average fixed Assets = $2000,000 / 2

Average fixed Assets = $1,000,000

7 0
3 years ago
GenX has a target capital structure of 40 percent common stock, 5 percent preferred stock, and 55 percent debt. Its cost of equi
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Answer:

12.085 %

Explanation:

WACC = Cost of Equity x Weight of Equity + Cost of Preference Stock x Weight of Preference Stock + Cost of Debt x Weight of Debt

Remember to use the after tax cost of debt :

after tax cost of debt = interest x ( 1 - tax rate)

                                   = 8.00 % x (1 - 0.35)

                                   = 5.20 %

therefore,

WACC = 22.00 % x 0.40 + 8.50 % x 0.05 + 5.20 % x 0.55

           = 12.085 %

thus

the firm's WACC given a tax rate of 35 percent is 12.085 %

6 0
3 years ago
Your brother is starting 9th grade next year and is thinking about going to college. What steps would you recommend he take?
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I would say a just to make sure he is making a right chocie 
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3 years ago
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Guaranteed circulation in magazines: Multiple Choice is the maximum number of magazines that will be distributed through all cha
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Answer:

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The drawback of magazines relies on the delay of the information portrayed since magazines are portrayed periodically -once in a week, or once in a month usually, which implies by the time magazine is printed the information portrayed might have changed.

However, <em>magazines sales managers handle a guaranteed circulation estimate that represents the expected number of copies the publisher aims to circulate.</em>

3 0
3 years ago
________ include leadership and information technology and will be necessary for success no matter your career path; while _____
Rashid [163]

It should be noted that Core competencies include leadership and information technology necessary for success while soft skills include social and emotional intelligence.

<h3>What is Core competencies?</h3>

Core competencies serves as the resources and capabilities which entail strategic advantages of a business and and are becoming more important.

soft skills  on the other hand , encompass level of intelligence to accomplish a goal in the career path of individual.

Learn more about Core competencies at;

brainly.com/question/25605883

8 0
2 years ago
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