In case collected cash from a customer is for services that will be performed in the next accounting period the cash flow from operating activities will increase.
The cash flow from operating activities will increase cash flow in the period of receipt itself as it will result in an increase in the cash balance of the organization In case collected cash from a customer is for services that will be performed in the next accounting period.
If the balance of an asset will increase, cash float from operations will be lower. If the stability of an asset decreases, cash flow from operations will boom. If the balance of liability will increase, cash flows with the flow from operations will grow. If the balance of a liability decreases, cash flows with the flow from operations will decrease.
An accounting period, in bookkeeping, is the length with reference to which control accounts and economic statements are organized. In management accounting, the accounting length varies extensively and is decided with the aid of management. monthly accounting durations are common.
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Answer: A. Is the answer
Explanation: I took the quiz and got it right
Answer: an obligor
Explanation:
From the question, we are informed that Floyd and Gert enter into a contract by which Floyd promises to deliver fertilizer to Gert and that Floyd subsequently transfers this duty to Hazel.
In this case, Floyd is an obligor. An obligor os defined as an individual who by contract or due to a legal procedure, undertakes an obligation for another individual.
Answer:
$729
Explanation:
We can calculate the actual cost value by first multiplying the purchase value by the depreciation rate and after that deducting that amount from the replacement cost.
DATA
Replacement value = $1,200
Purchase value = $942
Depreciation rate = 3 years/6 years = 0.5
Solution
Acutal cost value = Replacement value - ( Purchase value x Depreciation rate)
Acutal cost value = $1200 - ($942 x 0.5)
Acutal cost value = $729
Answer:
see below
Explanation:
Common stock = Assets - Liabilities - Retained earnings
Assets next year = $225,232 + $55,000 = $280,232
Liabilities remain unchanged
Retained earnings = Opening retained earnings + Net income - Dividends
= $36,493 + $44,200 - $12,000
= $68,693
Common stock next year
= $280,232 - $136,748 - $68,693
= $74,791
