1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Orlov [11]
2 years ago
14

Current Attempt in Progress

Business
1 answer:
Allisa [31]2 years ago
3 0

Answer:

Net Increase in cash = $124,200

Explanation:

Note: The correct value for Year 2021 inventory is $510,300 not $10,300.

Also note: See the attached excel file for the statement of cash flows for 2022.

In the attached excel file, the following workings are used:

Workings:

w.1: Increase in accounts receivable = Account receivable in 2022 - Account receivable in 2021 = $237,600 - $205,200 = $32,400

w.2: Decrease in inventory = Inventory in 2022 - Inventory in 2021 = $450,900 - $510,300 = -$59,400  

w.3: Decrease in accounts payable = Accounts receivable 2022 - Accounts receivable 2021 = $105,300 - $116,100 = -$10,800

w.4: Disposal of land = Land in 2021 - Land in 2022 = $270,000 - $216,000 = $54,000

w.5: Purchase of equipment = Equipment in 2022 - Equipment in 2021 = $702,000 - $540,000 = $162,000

Download xlsx
You might be interested in
Education is increasingly important for job seekers due primarily to which of the following factors?
Drupady [299]

Answer:

70

Transition to a post- industrial economy

46

Median weekly earnings are higher for those with a college education

Education

De facto segregation

Credential society

Professional degree

Kindergartners learning how to behave in class

6 0
3 years ago
Which statement about journal entries in QuickBooks Online is true?
IgorLugansk [536]

Answer:

C. Your client can’t create an Adjusting Journal Entry.

Explanation:

In QuickBooks Online Accountant you (the accountant) make the adjusting journal entries, not your clients. It is like saying that you operate yourself while your doctor drinks coffee besides your bed.

the other options are wrong:

A. A Journal Entry cannot be used to account for depreciation of an asset.  ⇒ FALSE, QuickBooks doesn't automatically depreciate an asset, the user must do this through journal entries.

B. The Accountant user can’t create an Adjusting Journal Entry in QuickBooks Online.  ⇒ FALSE, when using QuickBooks Online Accountant you can create adjusting entries just like any other regular entry.

7 0
3 years ago
Kuzio Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Sell
avanturin [10]

Answer:

The company's monthly net operating income increases $4,600

Explanation:

The company is currently selling 6,000 units per month:

Total sales = $130 x 6,000 = $780,000

Total Variable expenses = $78 x 6,000 = $468,000

Net operating income = Total sales - Total Variable expenses - Fixed expenses = $780,000 - $468,000  - $184,000 = $128,000

If Kuzio Corporation increases in the monthly advertising budget of $5,800:

Total sales = $130 x 6,200 = $806,000

Total Variable expenses = $78 x 6,200 = $483,600

Fixed expenses = $184,000 + $5,800 = $189,800

Net operating income = $806,000 - $483,600 - $189,800 = $132,600

The company's monthly net operating income increases = $132,600 - $128,000 = $4,600

7 0
2 years ago
What is a way to protect your social security number and other sensitive information from identity theft?
oee [108]
It is definitely D lol
7 0
3 years ago
A country has been in existence for only two years.
ozzi

Answer:

-1.0 million

Explanation:

the debt issued in the second year is equal to the sum of the excess of revenues over outlays

in year 1, debt = $1.0 million - $1.5 million = $-0.5 million

In year 2, debt  = $1.5 million - $2.0 million = $-0.5 million

$-0.5 million + $-0.5 million  = -1.0 million

4 0
3 years ago
Other questions:
  • MC Qu. 122 Marian Corporation has two... Marian Corporation has two separate divisions that operate as profit centers. The follo
    11·1 answer
  • Radio:What is an example of a long-term liability?
    13·2 answers
  • Do you think competition between co-workers is healthy destructive unavoidable
    5·1 answer
  • Groupthink is defined as
    14·1 answer
  • Milk is an input in the production of cheese, and cheese and bagels are complements. A decrease in the price of milk will ______
    13·1 answer
  • How does specialization affect an economy more efficient?
    14·1 answer
  • A business is concerned with many day-to-day activities. Some of the most important are the planning and conception of the produ
    11·1 answer
  • Ong Sai-Yuk Company sells one product. Presented below is information for January for Fong Sai-Yuk Company.
    13·1 answer
  • Government regulations allow a manufacturer of natural weight loss products to advertise:
    6·1 answer
  • Describe why cash flow management is important to a business and its financial health. Use a recent financial news story as an e
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!