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Sav [38]
2 years ago
11

Rachel's Recordings reported net income of $280,000. Beginning balances in accounts receivable and accounts payable were $15,000

and $22,000 respectively. Ending balances in these accounts were $11,500 and $28,000, respectively. Assuming that all relevant information has been presented, Rachel's cash flows from operating activities would be:___________.
a. $283,500.
b. $270,500.
c. $289,500.
d. $280,000.
Business
1 answer:
saul85 [17]2 years ago
3 0

Answer: c. $289,500

Explanation:

Operating Activity Cashflows = Net Income + Decrease in Accounts receivable + Increase in Accounts payable

= 280,000 + (15,000 - 11,500) + (28,000 - 22,000)

= 280,000 + 3,500 + 6,000

= 289,500

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Butoxors [25]

Answer:

<u>30</u>

Explanation:

Under the relevant provisions of the Family Medical Leave Act, an employee whose leave requirements for the future are already known to him or which are predictable, should serve a notice for leave in the same regard at least 30 days prior to the expected date from which the leave shall begin.

If such leaves cannot be anticipated 30 days prior, the employee in such a scenario shall serve the notice for leave as soon as possible i.e the moment the leaves are anticipated. The term associated with above being, "as soon as practicable".

3 0
2 years ago
Investors select a stock based on the cash they expect to receive from that stock. that cash comes in the form of?
mylen [45]

Investors select a stock based on the cash they expect to receive from that stock. that cash comes in the form of a and b.

Investors are usually different from traders. Investors invest capital for long-term gains, while traders buy and sell securities repeatedly in pursuit of short-term gains. Investors typically generate income by investing capital in either stocks or debt.

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The question is incomplete. Please read below to find the missing content.

Investors select a stock based on the case they expect to receive from that stock. That cash comes in the form of ____.

a. Dividends

b. The future sales price.

c. Interest payments.

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7 0
1 year ago
Sunland Corporation had net sales of $2,425,800 and interest revenue of $38,200 during 2020. Expenses for 2020 were cost of good
ladessa [460]

Answer:

Prepare a single-step income statement for the year ended December 31, 2020

Explanation:

SUNLAND CORPORATION  

Inconme statement  

For the year endend December 2020  

 

 

Revenue  

Net Sales               2.425.800  

Interes Revenue             38.200  

Total Revenue        2.464.000  

 

Expenses  

Cost Of goods             1.458.200  

Administrative expenses 212.600  

Selling xpenses                 282.000  

Interes expense                   46.400  

Tax rate                                  139.440  

Expenses                       2.138.640  

 

Net income                           325.360  

 

Shares issued                     70210  

Earning p/share                        4,63  

7 0
3 years ago
A cognitive psychologist believes that people learn better when they spread out their studying over several days, so she creates
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8 0
3 years ago
​Gladiator USA, a tire​ manufacturer, guarantees its tires against defects for five years or​ 60,000 miles, whichever comes firs
Harrizon [31]

Answer:

DR Cash............................................$96,450  

DR Notes receivable........................$546,550  

CR Sales revenue...................................................$643,000

<em>(To record sales) </em>  

DR Warranty expense .............................$32,150  

CR Warranty liability.................................................$32,150

<em>(To record Warranty Expense)</em>

 

DR Warranty liability.................................$20,000  

CR Cash......................................................................$20,000

<em>(To record Warranty Claim Payments)</em>  

Explanation:

Cash = 15% * $643,000

= $96,450

Notes Receivable = 643,000 - 96,450

= $546,550  

Warranty Expense = 5% x $643,000

= $32,150

7 0
3 years ago
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