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
andrew11 [14]
3 years ago
14

Amarillo Company experienced the following events during its first accounting period. (1) Purchased $5,000 of inventory on accou

nt. (2) Returned $1,000 of the inventory purchased in Event 1. (3) Paid the remaining balance in account payable for the inventory purchased in Event 1. (4) Sold inventory purchased in Event 1 for $5,000 to customers on account. At the end of the first accounting period what would be reported for Net Operating Cash Flow on the Statement of Cash
Business
1 answer:
Ksenya-84 [330]3 years ago
6 0

Answer:

$(4,000)

Explanation:

Calculation to determine At the end of the first accounting period what would be reported for Net Operating Cash Flow on the Statement of Cash

Inventory purchased on account $5000

Less Returned of inventory purchased $1,000

Net Operating Cash Flow $(4,000)

($5,000-$1,000)

Therefore At the end of the first accounting period what would be reported for Net Operating Cash Flow on the Statement of Cash is $(4,000)

You might be interested in
on its advertisement, a company claims that it has funds in its possession that are in fact not available for payment of losses
MatroZZZ [7]

Answer:

Misrepresentation.

Explanation:

In this scenario, on its advertisement, a company claims that it has funds in its possession that are in fact not available for payment of losses or claims. The company is guilty of misrepresentation.

Misrepresentation can be defined as an untrue or misleading statement of fact made by a party to an individual or group of people to deceitfully lure or induce them to go into a contract. A company stating in its advert that it has funds in its possession but in the true sense or actual fact do not have the funds for payment of losses or claims; such a company is engaging in a fraudulent act and is liable to prosecution in any court of competent jurisdiction.

8 0
3 years ago
Last year, Myron purchased a $10,000 certificate of deposit with a 3% rate of interest from his bank. The government reported th
Dmitrij [34]

Answer:

Myron gains, while the bank loses.

Explanation:

Fallen in prices is usually cause by deflation i.e a general decrease in the prices of goods and services which enhances the purchasing power of money.

In this case, 5% fall in price will increase the value of the Myron investment with bank and caused bank more money .

8 0
3 years ago
Which of the following actions would improve your credit score
s2008m [1.1K]
If this question has the same set of choices like the previous ones, the answer is:
<span>Paying off your credit card bill.
</span>A credit score is a numerical expression  of a person's credit files, to represent his creditworthiness <span>based on a level analysis. Paying off your credit card bill would improve your credit score. </span>
3 0
3 years ago
How would life be without technology
Ghella [55]

This website would not exist. Social lives would improve because everyone would actually hang out with people. We would not be able to get places fast because cars would not be developed.

4 0
3 years ago
Identify the obstacles that are most relevant for a person trying to become a Geographer. Check all that apply.
Elden [556K]

Answer:

the answer 1235 credits to the guy that commented

Explanation:

5 0
3 years ago
Read 2 more answers
Other questions:
  • Consider an island country called Arcadia. Assume that the aggregate price level is constant, the interest rate is fixed, and th
    10·1 answer
  • You own a portfolio that has $3,100 invested in Stock A and $4,200 invested in Stock B. Assume the expected returns on these sto
    13·1 answer
  • Rigley Company expects to have a cash balance of $46,000 on January 1, 2017. These are the relevant monthly budget data for the
    13·1 answer
  • Canada is currently the second largest producer of nickel in the world. The recent reopening of the world famous Voisey's Bay mi
    8·1 answer
  • Why did volunteerism fail?
    7·1 answer
  • Staley Co. manufactures computer monitors. The following is a summary of its basic cost and revenue data: Per Unit Percent Sales
    12·1 answer
  • An administrative (office) employee earns an annual salary which, when divided by total hours worked during the year, is the equ
    9·1 answer
  • A monopolist has market power because it Group of answer choices none of the Answers are Correct. Faces a downward-sloping deman
    14·1 answer
  • Fuschia company's contribution margin per unit is $12. total fixed costs are $84,000. what is fuschia's break-even point in unit
    12·1 answer
  • an employee is taking cash and making up the difference by holding the deposit until the next cash receipts are received. the be
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!