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
Molodets [167]
2 years ago
8

Freeman Company's accounting records include the following information: Payments to suppliers $ 47,000 Collections on accounts r

eceivable 99,000 Cash sales 26,000 Income taxes paid 4,400 Equipment purchased 14,900 What is the amount of net cash provided by operating activities indicated by these transactions?
Business
1 answer:
Mashutka [201]2 years ago
4 0

Answer:

$73,600

Explanation:

Cash flow from Operating Activity

Cash sales                                                          $26,000

Collections on accounts receivable                 $99,000

Payments to suppliers                                      ($47,000)

Cash generated from operations                     $78,000

Income taxes paid                                              ($4,400)

Net cash provided by operating activities       $73,600

therefore,

the amount of net cash provided by operating activities indicated by these transactions is $73,600

You might be interested in
Maya owes $20,000 on her credit cards, her adjustable mortgage rate has just gone up, and she has been out of work for 3 months.
grigory [225]

Answer: exhaustion

Explanation:

Given the information provided in the question, we are told that Maya collapsed and had to be taken to the emergency room. According to Hans Selye, Maya is in the exhaustion phase of the general adaptation syndrome.

At this stage, Maya's energy resources has been depleted after failing to recover from shock.

7 0
3 years ago
Causwell Company began 2018 with 11,000 units of inventory on hand. The cost of each unit was $4.00. During 2018 an additional 3
Kaylis [27]

Answer and Explanation:

For computing the cost of goods sold under two method first we have to determine the cost per unit which is shown below:

The average cost per unit is

= $108,750 ÷ 25,000 units

= $4.35

Now the cost per unit is

Total cost (11,000 units + 35,000 units) × $4.35   $200,100

Beginning units (11,000 units × $4) $44,000

The Remaining cost for 35000 units ($200,100 - $44,000)  $156,100

Divide by  Purchase cost per unit of 35000 units   $4.46

Now the cost of goods sold are as follows

1. Under the FIFO method

Beginning        11,000 × $4.00  $44,000  

Purchased        14,000 × $4.46  $62,440  

Total         25,000           $1,06,440

2. Under the LIFO method

Purchased        25,000 × $4.46  $1,11,500

4 0
3 years ago
Wooten & McMahon Enterprises produces a product with the following per-unit costs: Direct materials $13.00 Direct labor 8.80
vichka [17]

Answer:

COGS= $31,597.5

Explanation:

Giving the following information:

Direct materials $13.00

Direct labor 8.80

Manufacturing overhead 16.50

Last year, Wooten & McMahon Enterprises produced and sold 825 units

First, we need to calculate the cost of goods manufactured:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 0 + 13 + 8.8 + 16.5 - 0= $38.3

Total cost of goods manufactured= 825*38.3= $31,597.5

Now, we can calculate the cost of goods sold:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 0 + 31,597.5 - 0= $31,597.5

8 0
3 years ago
Tinker's cost of goods sold in the year of sale (2019) was $790,000 and 2018 cost of goods sold was $810,000. The inventory at t
gladu [14]

Answer:

91 days

Explanation:

Here, we are to calculate the average number of days it will take to sell its inventory in 2019.

We proceed mathematically as follows;

Inventory turnover=COGS/Average inventory

Average inventory=(192,000 + 202,000)/2=$197,000

hence inventory turnover=(790,000/197,000)= 4.01

hence average days to sell=365/4.01 =91 days (approx)

6 0
3 years ago
The purpose of making closing entries is to: Select one: a. Reset the temporary accounts and update retained earnings. b. Enable
Irina18 [472]

Answer:

A. Reset the temporary accounts and update retained earnings.

Explanation:

This is a performed by an organisation in form of transferring data of financial values from temporary accounts and its is been moved to the permanent account. Amidst these, the temporary account is said to balanced in such a way to be zero; because when not done so, the remaining data from the temporary account will be moved to the permanent account.

Process involved in this includes: Closing summaries that belong to income accounts and move to income summary. Also all expense accounts to income summary.

4 0
3 years ago
Other questions:
  • Identify the type of sentence. because karl spent more money than he earned, he lost his house and car.
    14·1 answer
  • In the process of searching for a job, you need to ____
    15·1 answer
  • Which type of financial statement should you look at if you want to see a company's profits and losses over a specific period of
    8·2 answers
  • Why does a business often reach a point at which adding more resources does not increase productivity or profits at the same rat
    7·1 answer
  • Who presented the consumer bill of rights ?
    6·1 answer
  • The primary purpose of measuring the overall level of prices in the economy is to
    5·1 answer
  • Characteristics of budgets include: (Check all that apply.) Multiple select question. a focus on the past. typically span a mont
    12·1 answer
  • If $2,000,000 of 10% bonds are issued at 97, the amount of cash received from the sale is
    7·1 answer
  • Jerry needs some quick cash and decides to pawn his diamond ring, which is appraised at $750. The pawnbroker agrees to give Jerr
    7·2 answers
  • Please it is pyscology questions please help me with this​
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!