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3 years ago

Partial balance sheets and additional iformation are listed below for Sowell Company.

Business

1 answer:

musickatia [10]3 years ago

3 0

Answer and Explanation:

The preparation of the operating activities section is presented below

Cash Flows from operating activities

Net Income $88,000

Adjustment made for non cash items:

Depreciation Expense $19,000

Add: Decrease in Account Receivable $15000 ($70,000 - $85,000)

Less: Increase in Inventory $(5000) ($40,000 - $35,000)

Less: Decrease in accounts payable $(8000) ($54,000 - $62,000)

Net cash flows from operating activities $109,000

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As a businessperson planning to open a new small business, you know that the business plan should not contain

lana66690 [7]

Answer:

Pages and pages of detailed facts and figures

Explanation:

Endless pages of detailed fact and figures are not necessary for a new small business a concise and financial information should suffice.

There are three primary parts to a business plan:

The first is the business concept, where you discuss the ibusiness you are in to, your business structure, your particular product or service, and how you plan to make your business a success.

The second is the marketplace section, in which you describe and analyze potential customers (target market): who and where they are, what makes them buy and so on. Your unique niche and selling point Here, you also describe the competition and how you'll position yourself to beat it.

The financial section contains your income and cash flow statement, balance sheet and other financial ratios, such as break-even analyses. This part may require help from your accountant and a good spreadsheet software program.

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3 years ago

At the adjourning stage of team development, the team members are most likely to:________

spayn [35]

Answer:

d. disband permanently or take a temporary break.

Explanation:

Adjournment stage is the fifth and last stage of group development. The group wraps up work and is disbanded. At this stage team members celebrate their successes and get closure in preparation for the next project.

Team members may feel low motivation and a sense of loss because of bonds they had formed. Some people refer to this stage as the mourning stage, and team members need to celebrate their achievements to boost moral.

4 0

3 years ago

Read 2 more answers

Sally agrees to roof a house for Bob.After doing his research,Bob chooses Sally based on her great reputation for being conscien

lord [1]

Answer:

B) They are employees.

Explanation:

They work for Sally. Sally hired Truly, Glen and Fred and pays them an hourly wage, and provides the tools that they use to perform their work. She also supervises and directs their job. They are not independent contractors due to the direct relation that exists between them and the fact that they obey Sally's orders.

7 0

3 years ago

In the month of June, Bedford Company sold 350 widgets. The average sales price was $34. During the month, fixed costs were $6,3

VikaD [51]

Answer:

Results are below.

Explanation:

Giving the following information:

In June, Bedford Company sold 350 widgets. The average sales price was $34. During the month, fixed costs were $6,320 and variable costs were 40% of sales.

First, we need to calculate the unitary variable cost:

Unitary variable cost= 34*0.4= $13.6

Now, we can determine the contribution margin per unit and the contribution margin ratio:

contribution margin per unit= selling price - unitary variable cost

contribution margin per unit= 34 - 13.6= $20.4

contribution margin ratio= contribution margin per unit/selling price

contribution margin ratio= 20.4/34

contribution margin ratio= 0.6

To calculate the break-even point in units and dollars, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 6,320/20.4

Break-even point in units= 310 units

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 6,320/0.6

Break-even point (dollars)= $10,533

To calculate the margin of safety, we will use the following formula:

Margin of safety= (current sales level - break-even point)

Margin of safety= 350*34 - 10,533

Margin of safety= $1,367

Finally, the desired profit is $4,000:

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (6,320 + 4,000) / 20.4

Break-even point in units= 506 units

Break-even point (dollars)= (fixed costs + desired profit)/ contribution margin ratio

Break-even point (dollars)= 10,320/0.6

Break-even point (dollars)= $17,200

3 0

3 years ago

Data that are observed or collected directly from respondents are called: a. primary data. b. direct samples. c. secondary data.

Anon25 [30]

Answer:

Data that are observed or collected directly from respondents are called primary data.

Explanation:

Primary data are data obtained directly from respondents via field survey. These data are usually collected through the use of questionnaires or interviews.

4 0

3 years ago