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2 years ago

A summary of cash flows for Adventure Travel Service for the year ended April 30, 2019, follows:

Business

1 answer:

zalisa [80]2 years ago

4 0

Answer:

Adventure Travel Service

Statement of cash flows for the year ended April 30, 2019

Cash flow from Operating Activities

Cash receipts from customers $2,080,000

Cash payments for operating expenses ($1,706,000)

Net Cash from Operating Activities $374,000

Cash flow from Investing Activities

Purchase of land ($400,000)

Net Cash from Investing Activities ($400,000)

Cash flow from Financing Activities

Cash receipt from owner as investment $60,000

Drawings ($40,000)

Net Cash from Financing Activities $20,000

Movement in Cash and Cash Equivalents ($6,000)

Beginning Cash and Cash Equivalents $203,000

Ending Cash and Cash Equivalents $197,000

Explanation:

The Statement of Cash flows shows the results of cash from the following sources : Cashflow from Operating Activities, Cashflow from Investing Activities and Cashflow from Financing Activities.

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Sonbull [250]

Answer:

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Medicare = $43.50

Explanation:

Since the given rate for Social security is 6.2%, the first week deduction is 6.2% of gross weekly salary, which is $3,000. Hence, the first week deduction for Social Security is given by

Social Security Deduction = 6.2% of $3,000
= 0.062 × 3,000 (Change 6.2% to decimal)
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Similarly, since 1.43% is the given rate for medicare, the first week deduction is 1.43% of the gross weekly salary, which is $3,000. Thus, the first week deduction for medicare is given by

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3 years ago

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lana [24]

Answer for the photo is on Xtiny/5G

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3 years ago

EB9.

madreJ [45]

Answer:

Amount of inventory transferred=$197,600

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3 years ago

Jake, a pharmaceutical sales representative, often takes lunch to doctors' offices. Over lunch with the doctors and their st

sleet_krkn [62]

Answer:

The correct answer is: order-creaters.

Explanation:

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2 years ago