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JulijaS [17]
3 years ago
7

To compare statement of cash flows reporting under the direct and indirect methods, indicate whether each item is used in the di

rect method or the indirect method.
a. Accounts payable
b. Payments to employees
c. Cash collections from customers
d. Accounts receivable
e. Payments to suppliers
Business
1 answer:
Olegator [25]3 years ago
5 0

Answer:

Indirect Method

      a. Accounts payable increase or decrease

      d. Accounts receivable increase or decrease.

<em>The above are both used in the Indirect method and fall under Cashflow from Operating activities. </em>

Direct Method    

     b. Payments to employees

     c. Cash collections from customers  

     e. Payments to suppliers

<em>The direct method involves the above and they all fall under Cash generated from operations. </em>

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Four (4) ways to harvest an investment in a business.
Mazyrski [523]

Answer:

Harvesting an investment in a business

Four ways to harvest:

a. Outright sale of a company or the investment

b. Issue of Initial Public Offering (IPO)

c. Gradual elimination of a product, especially after the cow stage.

d. Withdrawal of additional investment and earning of profits.

Explanation:

These strategies can be employed by a business to reap the fruits from an investment.  The purpose for the investment and the risk profile of the investor determines the actual strategy or combination of strategies used by the investor.

7 0
3 years ago
Prescott expects to produce 225,000 basic models and 225,000 professional models. Compute the predetermined overhead allocation
DedPeter [7]

Answer and Explanation:

The Calculation of Predetermined OH Rate is shown below:

For Materials Handling, it is

= Estimated Overhead Costs ÷ Estimated allocated base Quantity  

= $54,000 ÷ 96

= $562.50 per part

For Machine Setup, it is

= Estimated Overhead Costs ÷ Estimated allocated base Quantity

= $204,000 ÷ 60

= $3,400 per setup

For Insertion of Parts, it is

= Estimated Overhead Costs ÷ Estimated allocated base Quantity  

= $486,000 ÷ 96

= $5,062.50 per part

Now  

Calculation of allocated OH is

For Basic Model:

Allocated OH is

= $562.50 × 32 + $3,400 × 20 + $5,062.50 × 32

= $248,000

For Professional Model:

Allocated OH is

= $562.50 × 64 + $3,400 × 40 + $5,062.50 × 64

= $496,000

6 0
3 years ago
How does geographic influence affect business in Australia
navik [9.2K]

Answer: Geographical influences impact businesses in many ways. Australia is located in the Asia-pacific region, the economical statuses in these surrounding countries are very important in the interest of Australia. If China is doing well, it may be able to trade goods and services with Australia creating an advantage for both countries.

Explanation: Please mark as brainliest!

7 0
2 years ago
Concord uses the periodic inventory system. For the current month, the beginning inventory consisted of 7400 units that cost $10
Mars2501 [29]

Answer:

$109,250

Explanation:

FIFO assumes that the units to arrive first, will be sold first. Therefore, inventory valuation is based on later or recent prices.

Step 1 : units in ending inventory

Ending Inventory =  units available for sale - units sold

                             =  9,500

Step 2 : inventory value

Ending Inventory = 9,500 x $11.50 = $109,250

8 0
3 years ago
aries and eros start a partnership with capital contributions of 39000 and 60000 respectivelty over the course of the year aries
aleksley [76]

Withdrawing cash increases Aries withdrawal account hence debited, decreases cash hence credited.

Option A. is correct.

The explanation for incorrect options is given below.

B. Credit to Aries, capital increases capital account, whereas no capital in contributed it is withdrawn.

C. Credit to Eros, capital increases capital account, whereas no capital in contributed it is withdrawn by another partner.

D. Journal is required

A withdrawal of coins for an owner's private use reduces cash and calls for extra access to a unique drawings account. Because the drawing account is a capital account, it's going to have a debit balance with the purpose to offset a cash pull.

right here coins account will be debited in view that cash is withdrawn for office use, if there might be for personal use then the drawing would be debited but no longer in this example, and right here bank account can be credited given that it is decreasing.

The journal access for coins withdrawn from the financial institution is contra access. coins may be taken from the bank for 2 uses both for personal use (or) business use. I am assuming that money is withdrawn from the financial institution for commercial enterprise use.

Your question is incomplete. Please read below to find the complete question.

Learn more about the partnership here brainly.com/question/14034519

#SPJ4

7 0
2 years ago
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