Answer:
Statement of Cash Flows (Direct Method)
For Year Ended December 31, 2020
Particulars Amount
Cash Flows from operating activities:
Cash Receipts from:
Customers ($50800+ $190100) $240,900
Dividend Revenue $18,800 $259,700
Less: Cash payments:
For Interest -$10,000
For Income Taxes -$16,900
To suppliers for Merchandise -$115,600
For Salaries and wages -$57,100
For Operating Expenses -$28,300 -<u>$227,900</u>
Net Cash provided by operating activities <u>$31,800</u>
This is an annual report.
An annual report is a report that is given or done yearly for the financial condition or progress of an organization.
Answer:
Explanation:
In the given transaction, it would impact the income statement and the balance sheet in the increment manner
That means The income statement would increase by $96,000 as it reflect the wages expense in the debit side of the income statement
And, the balance sheet would increase by $96,000 as it reflect the wages payable in the credit side of the balance statement under the current liabilities side of the balance sheet
...............When its return on invested capital is BELOW THE INDUSTRY AVERAGE.
Competitive disadvantage refers to an unfavorable condition which caused a company to perform below expectation in the industry where it operates. The company may be at a disadvantage because of so many factors such as inadequate knowledge of know how, lack of skilled employees, etc.
