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
Novay_Z [31]
2 years ago
8

An increase in accounts receivable will result in a(n) ______ in cash from sales revenue when using the direct method to determi

ne cash flows from operations.
Business
1 answer:
guajiro [1.7K]2 years ago
8 0

When using the direct method for cash flows, one will notice that an increase in accounts receivable would result in a <u>DECREASE </u>in cash.

When an accounts receivable increases:

  • It means that more debt has been incurred by debtors
  • It means that less money entered into the company as people took goods but did not pay cash for them

Because the people did not pay cash for the goods yet took the goods, the company will see a reduction in its cash balance as the cash value of the goods left the company and there was no cash inflow from that activity.

In conclusion, an increase in accounts receivable leads to a decrease in cash.

<em>Find out more at brainly.com/question/25491863. </em>

You might be interested in
Make a intelletual Property Portfolio
MAXImum [283]
Intermind core intellectual property assets.
Identify
complementary intellectual property mix
optimize the intellectual property mix
Regularly elevate intellectual data
Create an innovation culture
4 0
1 year ago
Phillips Corporation's fiscal year ends on November 30. The following accounts are found in its job order cost accounting system
xz_007 [3.2K]

Answer:

Phillips Corporation

a = 9,050 beginning balance Raw Materials

b = 36,660 beginning balance WIP

c = 15,650 direct materials

d = 6,825 Overhead applied

e = 13,500 Ending balance WIP

f = 5,500 beginning balance Finished Goods

g = 54,625 Completed jobs

h = 4,300 ending balance Finished Goods

i = 9,100 wages assigned

j = d

k = 3,125 indirect labor

l = 1,145 Underapplied overhead

m = 55,825 cost of goods sold

Explanation:

a) Data and Analysis:

1. Jobs in process:

Job No. 154 and Job No. 155

Combined direct materials costs    $9,950

Combined direct labor costs            15,200

Overhead applied (75%)                    11,400

Total work in process, beginning $36,550

2. Jobs started in December:

             Job Nos. 156,           157, and       158

Direct materials                                     $4,400

Direct labor                                             5,200

Overhead applied (75%)                        3,900

Total work in process                        $13,500

Beginning work in process = $36,550

Ending work in process = $13,500

Beginning Finished Goods Inventory: Job 153 $5,500

Ending Finished Goods Inventory: Job 157 $4,300

Raw Materials Inventory

Dec. 1 Beginning balance  9,050 (a)  

Dec. 31 Requisitions                      18,950

Dec. 31 Purchases           18,025

Dec. 31 Ending balance                  8,125

Total                                27,075  27,075

a = $9,050 (27,075 - $18,025)

Work in Process Inventory

Dec. 1 Beginning balance $36,550  b.

Dec. 31 Jobs completed               54,625 (g)

Dec. 31 Direct materials     15,650  c.

Dec. 31 Direct labor              9,100

Dec. 31 Overhead                6,825  d.

Dec. 31 Ending balance                13,500 e.

Finished Goods Inventory

Dec. 1 Beginning balance        5,500 f

Dec. 31 Cost of goods sold            55,825 (m)

Dec. 31 Completed jobs    54,625 g.

g. Dec. 31 Ending balance                  4,300 h

Factory Labor

Dec. 31 Factory wages         12,225

Dec. 31 Wages assigned                    9,100

Dec. 31 Overhead                               3,125

Manufacturing Overhead

Dec. 31 Indirect materials 3,300

Dec. 31 Overhead applied                 6,825  d.

Dec. 31 Indirect labor        3,125  k.

Dec. 31 Other overhead   1,545

Dec. 31 Underapplied overhead        1,145

7 0
2 years ago
1. A speculative attack on a currency occurs when:
Shalnov [3]

Answer:

B. Investors´ perceptions change, making a fixed exchange rate untenable.

Explanation:

A speculative attack happens when a lot of untrustworthy assets are sold by many investors and with that sale, they buy valuable assets.

In currency, it occurs when the national currency is sold massively and suddenly by national and foreign investors. These types of speculative attacks are seen especially on currencies that use a fixed exchange rate. They have the value of it tightened to a foreign currency.

I hope this answer helps you.

8 0
3 years ago
Descrobe any four characteristic of coordinating​
White raven [17]

Answer:

  • Coordination Integrates Group Effort
  • Coordination Ensures Unity of Action
  • Coordination is a Continuous Process
  • Coordination is an All-pervasive Function
  • Coordination is the Responsibility of All Managers

Explanation:

Hope it helps,

Please mark me as brainliest

Thank you

3 0
3 years ago
Kali contracts to sell leony her car for $3,000. this contract will be fullydischarged when kali and leony
Usimov [2.4K]
This deal will be fully discharged when Leony pays Kali the $3000 for the car and Kali hands over her car to Leony so that Kali has the money and Leony has the car which means the transaction has been successfully completed.
4 0
3 years ago
Other questions:
  • The school of philosophy that acknowledged the gods but taught that they had no influence on human life and that the principle g
    8·1 answer
  • Ruff Wear expects sales of $560, $650, $670, and $610 for the months of May through August, respectively. The firm collects 20 p
    11·1 answer
  • The ledger of Rios Company contains the following balances after adjustments: Retained Earnings $30,000; Dividends $2,000; Servi
    5·1 answer
  • The following transactions of Acer Downyoccurred during 2018​:
    6·1 answer
  • Which one of the following statements about book value per share is most correct? Market price per common share usually approxim
    11·1 answer
  • Why was 2007 considered the "Year of the Recall"?
    12·1 answer
  • Bramble Corp. has a weighted-average unit contribution margin of $30 for its two products, Standard and Supreme. Expected sales
    12·1 answer
  • Please help economics
    13·2 answers
  • Can som on pls help me ​
    9·1 answer
  • Why should we be careful about what we post on social media and the internet?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!