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astraxan [27]
3 years ago
14

During Year 2, Chico Company earned $1,950 of cash revenue, paid $1,600 of cash expenses, and paid a $150 cash dividend to its o

wners. Based on this information alone, which of the following is not correct?
A) Net income amounted to $350.
B) Total assets increased by $200.
C) Cash inflow from operating activities was $350.
D) Cash inflow from operating activities was $200.
Business
1 answer:
SCORPION-xisa [38]3 years ago
6 0

Answer:

B) Total assets increased by $200.

Explanation:

If during Year 2, Chico Company earned $1,950 of cash revenue, paid $1,600 of cash expenses, and paid a $150 cash dividend to its owners. Based on this information alone:

Then it is correct that there was a net income of $350 before the payment of dividend which is gotten by 1,950 - 1,600. Cash from operating activities will also be the same amount of $350.

However it will not be correct to state that assets increased by $200 as there is no such indication.

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Explanation:

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When Opryland Hotel wants to have at least 90 percent of its customers indicating they had a memorable and satisfying experience
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Answer: 3. A marketing objective

Explanation:

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4 0
3 years ago
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On January 1, 2019, the general ledger of Global Corporation included supplies of $1,300. During 2019, supplies purchased amount
Stolb23 [73]

Answer:

the  supplies expense for the year 2019 is $5,400

Explanation:

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= $5,400

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3 0
2 years ago
Which of the following integrates the functions of operations management, logistics management, supply management, and marketing
kolbaska11 [484]

Answer:

A. supply-chain management

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SCORPION-xisa [38]

Answer and Explanation:

The preparation of the statement of changes in stockholders' equity is presented below:

                                                Ollie Company

                      Statement of changes in stockholders' equity

Beginning common stock $0

Add: Common stock issuance $72,000

Ending common stock $72,000

Beginning retained earning $0

Add: Net income $16,000      ($59,000 - $43,000)

Less: cash Dividend paid -$7,000

Ending retained earning $9,000

Total stockholder equity $81,000 ($72,000 + $9,000)

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3 years ago
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