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sammy [17]
3 years ago
9

Parmesan Company uses the direct method for its statement of cash flow. It reports the following information regarding the year

2014: From the income statement: Sales Revenues, $265,000 Cost of Goods Sold, $210,000 Operating expenses, $31,000 From the balance sheet: Beginning BalanceEnding Balance Accounts Receivable:$14,500$17,800 Inventory:23,50017,800 Accounts Payable:6,00013,500 Accrued Liabilities:4,0001,500 On the statement of cash flows, what amount will be shown for payments to suppliers for inventory purchases
Business
1 answer:
Nastasia [14]3 years ago
5 0

Answer: $‭196,800‬

Explanation:

The cash payments to suppliers for inventory purchases will be:

= Cost of goods sold - Decrease in inventory -  Increase in accounts payable

Decrease in inventory = 23,500 - 17,800

= $5,700

Increase in accounts payable

= 13,500 - 6,000

= $7,500

Cash to suppliers for inventory = 210,000 - 5,700 - 7,500

= $‭196,800‬

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The equilibrium price is: unstable because at this price the quantity demanded is less than the quantity supplied. stable becaus
Makovka662 [10]

Answer:

stable because at this price the quantity demanded equals the quantity supplied.

Explanation:

Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services. Thus, it refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. The price of goods and services are primarily being set by the seller or service provider.

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.

Generally, the equilibrium price is generally said to be stable because at this price, the quantity of goods or services demanded is equal to the quantity of goods or services supplied to the consumers.

6 0
3 years ago
The benefits of comparing actual performance of the operations against planned goals include all of the following except:_______
laiz [17]

Answer:

c. determining how managers are performing against prior year's operating results.

Explanation:

Management compare actual performance against planned goals to enable them evaluate deficiencies in the actual performance which can give directions to areas that should be improved upon. Moreover, comparing actual performance and planned goals expose deficiencies in the system which management would take into consideration when making future plan hence eliminate unplanned expenditures.

Again, there is also identification of priorities to accomplish objectives when actual performance are compared against planned goals.

8 0
3 years ago
Newbury Properties Group owns, manages, and develops real property. Jerry Stoker and the Stoker Group, Inc. (the Stokers), also
Maslowich

Fiduciary duties are mentioned in the statue and enforceable in different states but there is not any clear demarcation. The court should rule in favor of Newbury group because it has not violated anything in the conduct of business .

<u>Explanation:</u>

a- Following fiduciary duties owed by member of LLC to other members

i-<u>Fiduciary duty of Loyalty</u>- Under this member in the LLC should be loyal to each other and they should put the success of and benefits to the LLC above any personal or individual advantages. They should also note that conflict of interest between LLC’s objective and their own objective should be avoided to the fullest.

ii- <u>Fiduciary duty of Care</u>- The members of the LLC should act in good faith, honestly and should exercise reasonable care while carrying their obligation and duty for the LLC. All decision and steps they took should be taken with full dedication and ownership.

b - Fiduciary duties are mentioned in the statue and enforceable in different states but there is not any clear demarcation between personal and LLC duties. The words are vague and not clear. Judicial precedence and decision in certain cases have decided about the legality of violence of fiduciary duty. Through operating agreement members in LLC can alter the fiduciary duty.

c-The court should rule in favor of Newbury group because it has not violated anything in the conduct of business.

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3 years ago
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Answer:

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4 0
2 years ago
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Tawstir Corporation has 400 obsolete personal computers that are carried in inventory at a total cost of $576,000. If these comp
34kurt

Answer:

If the company upgrades the units, income will increase by $20,000 (compared to sell as-is).

Explanation:

Giving the following information:

Units= 400

If these computers are upgraded at a total cost of $100,000, they can be sold for a total of $160,000.

As an alternative, the computers can be sold in their present condition for $40,000.

We won't take into consideration costs before the upgrade, because they will remain in both options.

<u>Sell as-is:</u>

Effect on income= $40,000 increase

<u>Continue processing:</u>

Effect on income= 160,000 - 100,000= $60,000 increase

If the company upgrades the units, income will increase by $20,000 (compared to sell as-is).

7 0
3 years ago
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