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zloy xaker [14]
3 years ago
8

You can determine a company's cash situation by analyzing the cash flow statement. The cash flow statement also helps determine

whether the company (1) is generating enough cash from its operations to make new investments and pay dividends or (2) will need to generate cash by issuing new debt or selling its assets.
Which of the following is true for the statement of cash flows?
a. It reflects cash generated and used during the reporting period.
b. It reflects revenues when earned.
Three categories of activities (operating, investing, and financing) generate or use the cash flow in a company. In the following table, identify which type of activity is described by each statement.
Globo-Chem Co. reported net sales of $200 million last year and generated a net income of $44 million. Last year's accounts receivable increased by $20 million. What is the maximum amount of cash that Globo-Chem Co. received from sales last year?
a. $135 million
b. $64 million
c. $90 million
d. $180 million
Business
1 answer:
Rufina [12.5K]3 years ago
7 0

Answer:

Which of the following is true for the statement of cash flows?

  • a. It reflects cash generated and used during the reporting period.

Revenues are recognized when the earning process is completed, and they are not necessarily associated to the collection of cash, e.g. accounts receivable.

Three categories of activities (operating, investing, and financing) generate or use the cash flow in a company. In the following table, identify which type of activity is described by each statement.

What statements? I looked for a similar question:

  • Ruth Enterprises distributes a holiday bonus to all its employees ⇒ OPERATING ACTIVITY
  • Yum Co. uses cash to repurchase 10% of its common stock. ⇒ FINANCING ACTIVITY
  • A company buys some common stock in its supplier's firm with its extra cash. ⇒ INVESTING ACTIVITY
  • A company records a decrease in its total raw materials inventory from the previous year. ⇒ OPERATING ACTIVITY

Globo-Chem Co. reported net sales of $200 million last year and generated a net income of $44 million. Last year's accounts receivable increased by $20 million. What is the maximum amount of cash that Globo-Chem Co. received from sales last year?

  • d. $180 million

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Katyanochek1 [597]

Answer:

a

Explanaton:

finance has to do with investing

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3 years ago
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Match the definition with the correct type of unemployment. Not all items will be used.
ch4aika [34]

Answer:

For (1) the answer is (C)

For (2) the answer is (B)

For (3) the answer is (D)

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Jason is a small business owner. he has a dry cleaning business. one year, jason has to replace nearly all of his equipment, and
evablogger [386]
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Which of the following countries has the highest gross domestic product?a. Belwick, whose market value of final goods is $100 bi
Alexeev081 [22]

Answer:

D. Acquardica, whose market value of final goods is $170 billion and market value of final services is $90 billion for a year

Explanation:

GDP gross domestic product is the value of final goods and services produced within a year.

Therefore Option D indicates highest GDP of final goods/services produced for a year.

5 0
3 years ago
What is the purpose of using predetermined overhead rates: Variation in cost assignment due to short-term variations in volume c
Sunny_sXe [5.5K]

Answer:

All of the answers are correct.

Explanation:

At the beginning of the accounting period a pre-determined overhead is computed by dividing the estimated overhead production by the estimated basis of operations. The default overhead rate is then applied to manufacturing, so that the standard cost for a product may be calculated

The purpose of using pretermined overhead rates are

Delays in product costing can be avoided

Variation in cost assignment due to seasonality can be prevented

Variation in cost assignment due to short-term variations in volume can be prevented

The Use of predetermined overhead rates serves all the above purposes

Hence, all answers are correct.

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3 years ago
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