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kobusy [5.1K]
3 years ago
7

g The comparative balance sheets for Pharoah Company show these changes in noncash current accounts: Accounts Receivable increas

ed $29,800, Prepaid Expenses decreased $10,800, and Inventory decreased $18,900. Accounts payable increased $13,400. Calculate net cash provided by operating activities using the indirect method assuming that profit is $252,000 for the year ended June 30, 2021. Depreciation expense for the year was $26,900 and the company incurred a gain on sale of equipment of $21,000.
Business
1 answer:
Tcecarenko [31]3 years ago
5 0
I really need these points thx a lot
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Trent runs a small business in which he manufactures hinges to be used in kitchen and storage cabinetry. He stores the hinges in
Sonbull [250]

<u>Full question:</u>

Trent runs a small business in which he manufactures hinges to be used in kitchen and storage cabinetry. He stores the hinges in his warehouse and delivers them to various cabinet makers prior to them completing the cabinets' construction. Trent is a

A. retailer.

B. intrapreneur.

C. service provider.

D. wholesaler.

E. direct marketer

<u>Answer:</u>

Trent is a  wholesaler

<u>Explanation:</u>

A wholesaler acquires the goods from a producer in mass quantity and re-sells it to retailers in tiny portions. Wholesalers obtain a central position in the retailing course set-up. Warehousing is an essential marketing function offered by the wholesaler.

A wholesaler holds a huge accumulation of goods for retailers. Wholesalers support to maintain prices by regulating stocks according to demand. Many wholesalers manage their warehouses for stocking goods. . He also trades goods to the retailer on account. Thus, at both edges the wholesaler serves as a financier.

6 0
3 years ago
"An expenditure made in connection with a machine being used by a company to produce inventory should be expensed immediately if
Ipatiy [6.2K]

Answer:

True

Explanation:

Efficiency related expenditures are more closely with day-to-day servicing of the machine. Such an expenditure just maintains machine's capacity to save the future economic benefits rather than improve its capacity.

4 0
4 years ago
Identify how planned investment will change in each scenario. Airwings, a commercial airline manufacturer, becomes optimistic ab
kari74 [83]

Answer:

See explaination for the details of the answer.

Explanation:

1) Increase

As business is optimistic about its future, such business will start capacity expansion to cater for consumer demand.

2) Decrease

Higher real interest rate simply means borrowing cost is higher for the firms and so that they will reduce the investment in respose to that.

3) Decrease

A lower tax means higher profits and firms can pass these benefits to consumers with lower prices, to employees with higher wages and to the government with tax on profit. However, if the rate of tax itself has been increased then in that case corporates will see higher tax as a dampener in sentiments and they might curtail investment plans.

4) Decrease

A recession means there will be lesser economic activity overall and demand will be lower so as the consumption. In such case, planned investment will be reduced.

7 0
3 years ago
Kate is a florist. Kate can arrange 20 bouquets per day. She is considering hiring her husband William to work for her. Together
Andrew [12]

Answer:

(d) 15 bouquets

Explanation:

it is given that kate alone can arrange 20 bouquets per day

and it is also given that when Kate and his husband William work together then they arrange 35 bouquets

we have to find the William marginal product

if both together arrange 35 bouquets and Kate alone arrange 20 bouquets it means that 35-20=15 bouquets are arranged by William alone

so the marginal product of William is 35-20=15 so the option will be the correct answer

6 0
4 years ago
the republic of south africa exports edible fruits and nuts into the common market known as the european union, and imports from
Leno4ka [110]

The republic of south Africa exports edible fruits and nuts into the common market known as the European union, and imports from the European union other products which south Africa could produce but at a higher cost than what it costs the Europeans to produce. this practice follows the theory of comparative advantage.

Comparative gain is an economic system's potential to supply a specific proper or provider at a reduced possibility rate than its buying and selling partners. Comparative benefit is used to provide an reason for why organizations, countries, or people can benefit from trade.

For instance, if a country is skilled at making each cheese and chocolate, they will decide how much tough work is going into producing each right. If it takes one hour of exertions to produce 10 devices of cheese and one in each of of tough paintings to deliver 20 devices of chocolate, then this united states has a comparative benefit in making chocolate.

Comparative advantage, monetary precept, first developed via 19th-century British economist David Ricardo, that attributed the reason and advantages of global alternate to the variations within the relative possibility costs (prices in phrases of other objects given up) of producing the same commodities amongst global locations.

Learn more about Comparative advantage here: brainly.com/question/15361275

#SPJ4

5 0
1 year ago
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