Answer:
At the start of the year their accounts receivables were 50,000. During the year they earned revenues of 180,000 which means that they are entitle to get 230,000 (180,000+50,000) from the customers. But because the accounts receivables at the end of the year are 30,000 this means that their customers still owe them 30,000. This means that they collected a total of $200,000 cash from their customers.
Another way of looking it is that at the beginning of the year they had receivables of 50,000, they made sales of 180,000 in the current year and had ending receivables of 30,000 so cash collected will be equal to,
Year start receivables + current sales - Year end receivables
50,000+ 180,000 - 30,000
=$200,000
Explanation:
Answer:
Accounting equation is stated as follows:
Assets = Liabilities + Stockholder's Equity
Transaction 1
Providing services will increase revenue, which will increase stockholder's equity. And since it is on account it will increase assets by the same amount = $39,000
Transaction 2
Cash received will increase cash in assets and will decrease accounts receivables in assets. Net effect = 0
Transaction 3
Purchase of equipment will increase equipment that is asset by $24,000 and further it is purchased through a note payable, it will increase liability with the same amount.
Transaction 4
This will decrease cash as paid in cash which will decrease assets, and further this will be expense for the period which will decrease the revenue and will decrease the stockholder's equity.
Answer:
The correct answer is d) Target outranking share
Explanation:
Target Outranking Share allows you to select another advertiser’s domain that you want to outrank in ad position and the frequency that you want it. Target Outranking Share is only available as a portfolio bid strategy.
Answer:
The correct option is c
Explanation: see the picture attached
Answer:
I found the following information on the SEC's website regarding the year ended September 2, 2018:
a) net cash flows from operating activities $5,774 million
b) depreciation and amortization expense $1,437 million
c) additions to property and equipment $2,969 million, but besides this amount, Costco owes $113 million for property and equipment that it purchased during the year but hasn't paid yet.
d) Costco didn't issue nor sold any stocks during that financial year, instead it purchased treasury stocks for $328 million.
