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3 years ago

Kennedy, Inc. reported the following data:

Business

1 answer:

Degger [83]3 years ago

4 0

Answer:

The cash flows from operating activities section of the statement of cash flows using the indirect method is $172,475.

Explanation:

Kennedy, Inc.

Statement of cash flows (extract)

Net income $179,562

Add: Depreciation expense 15,511

Loss on disposal of equipment 11,046

Less: Gain on sale of building (21,801)

Increase in accounts receivable (8,734)

Decrease in accounts payable (3,109)

Cash flows from operating activities $172,475

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The marketing channel is the upstream portion of the supply chain that is charged with moving component parts or raw materials t

xenn [34]

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3 years ago

Use the information below to calculate the number of orders per year when using the EOQ: Annual demand for an item is 43,000 uni

IRINA_888 [86]

Answer:

The closest answer is 49.

Explanation:

Given that,

Annual demand, D = 43,000 units

Ordering cost, O = $200

Per unit cost of the item = $50

Annual holding cost, H = annual holding rate × Per unit cost of the item

= 35% × $50

= $17.5

$EOQ=\sqrt{\frac{2\times D\times O}{H} }$

$EOQ=\sqrt{\frac{2\times 43,000\times 200}{17.5} }$

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Therefore,

Number of orders per year = Annual demand ÷ EOQ

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= 43.34

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3 years ago

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Novay_Z [31]

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3 years ago

Feeney Furniture prepared the following sales budget: Month March April May June Cash Sales Credit Sales $11,000 0 $11,000 0 37,

Leviafan [203]

Answer:

Option (B) is correct.

Explanation:

Total cash collections in June:

= Cash sales + (62 percent of June credit sales) + (30 percent of May credit sales) + (5 percent of April credit sales)

= $60,000 + ($51,000 × 0.62) + ($37,000 × 0.30) + ($11,000 × 0.05)

= $103,270

Therefore, the total cash collections in June at Feeney Furniture is $103,270.

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3 years ago