A decrease in Inventory will be added back to net income when determining net cash flow provided by operating activities on the statement of cash flows.
Does inventory influence net cash flow?Inventory is known to bring about cashflow and as such, an increase in inventory goods will be seen as a negative amount found in the cashflow statement, showing cash outlay.
Note that in the use of the indirect method to report cash flows from operating activities, a decrease in the inventory account will be added back to net income to be able to come to the net cash flow that is given by operating activities.
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Journalize these transactions for Sampson Co. If an amount box does not require an entry, leave it blank
The journal entries of these transactions for Sampson Co. using the perpetual inventory method are as follows:
Journal Entries:Dec. 1: Debit Accounts Receivable (Batson Co.) $46,000
Credit Sales Revenue $46,000
Terms 2/15, net 45.
Debit Cost of Goods Sold $38,500
Credit Inventory $38,500
Dec. 6: Debit Cash $45,080
Debit Cash Discounts $920
Credit Accounts Receivable (Batson Co.) $46,000
Transaction Analysis:Dec. 1: Accounts Receivable (Batson Co.) $46,000
Sales Revenue $46,000
Terms 2/15, net 45.
Cost of Goods Sold $38,500
Inventory $38,500
Dec. 6: Cash $45,080
Cash Discounts $920
Accounts Receivable (Batson Co.) $46,000
Question Completion:Dec. 1 Sampson Co. sold merchandise to Batson Co. on account, of $46,000, terms 2/15, net 45.
The cost of the merchandise sold is $38,500.
Dec. 6 The Batson Co. paid the invoice within the discount period.
Sampson Co. uses the perpetual inventory method.
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Being able to drive a car is an example of a skill.
Please select the best answer from the choices provided
True Or false
Answer:
true it is a skill to drive a car you have to learn to be able to drive
What risk does Sarah run if she chooses a long-term care policy with a short benefit period of 2 years
The risk that Sarah run if she chooses a long-term care policy with a short benefit period of 2 year is: d. Both a and c.
What is long-term care policy?Long-term care policy can be defined as the type of policy that help to cover medical expenses or medical cost for a long period of time.
Choosing a long-term care that has a short health benefit has some risk reason being that in a situation where she needs medical care beyond the stipulated two years , Sarah will have to pay for the cost of those medical care from her savings.
Inconclusion the risk that Sarah run if she chooses a long-term care policy with a short benefit period of 2 year is: d. Both a and c.
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Choose the product(s) that are most likely to be manufactured as a job, rather than as a job lot. (Check all that apply.) Multiple select question. Advertising circulars for a grocery store. Tailored wedding dress Customized home T-shirts for a local charity run
There are two types of manufacturings, Job lot and Sole Job.
The difference between two is that Job lot is suitable for those products which are homogeneous in nature.
The correct answers are:
Tailored Wedding dress and Customized home T-shirts for local charity run.
Job Lot :This is a tyupe of manufacturing which is best suited for homogeneous produucts.
If the finished goods are identical then job lots is most beneficial as its saves ciost from bulk production.
Manufactured as Single job:It is a type of manufacturing which is best suited where the output or finished goods required are customized and heterogeneous in nature.
The cost for this type of production is more that Job Lot.
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If the ussr’s economy had remained agriculture-based rather than industrialized, then.
Answer:
then the unemployment rate among men would have been much lower. women would have been much less in demand in the workforce. crop productivity would have led to larger, better nourished populations. children would not have had to leave school early to work in factories.
Explanation:
women would have been much less in demand in the workforce.
What is the best business organization for annabeth’s new company? a corporation, because she will need financing to get started a sole proprietorship, because the business is small and simple to operate a partnership, because she lacks the skills to make machine parts a cooperative, because local businesses will be her customers
The statement that best describes the business organization for Annabeth’s new company is to a corporation, because she will need financing to get started.
What is corporation?A corporation is an entity. It is usually defined as a collection of people or a company.
It has been permitted by the state to act as a single entity and is lawfully recognized as such for certain purposes.
Documents were utilised to found the first incorporated entities. The majority of governments now permit the formation of new corporations through the registration process.
The reason a Corporation would be preferable is that it would allow her to realize her long-term goals.
In the future, a corporation is more likely to expand, allowing Annabeth to realize her aspirations of selling to Europe and South America.
She does, in fact, have a better probability of doing so sooner rather than later.
Therefore, option a is correct.
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Reading market news by non-U.S-based publications will help:
Answer:
broadening the investor base and also allowing them to become better integrated into the local business scene.
Explanation:
Caleb was a manager at a company that produced household appliances. He had many innovative ideas to increase profits. However, his ideas were not received well by the company. So, he left the company to pursue his own business, thus creating a(n)
Answer:
He created an entrepreneurial venture
Explanation:
The development of team roles arises from the ______ of the team, the organization, and the team members themselves. Multiple choice question.
The development of team roles arises from the expectations of the team, the organization, and the team members themselves. .
What is a team?A team serves as group of people that have a particular goal and they work together to achieve the aim of the organization.
However, team roles are the responsibility of each members which is expected from individuals in the team.
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If you find that income significantly varies by age regardless of job experience, you have ______. a. an interaction effect b. both a main effect and an interaction effect c. a main effect for age d. a main effect for job experience
One have a main effect for age when income significantly varies by age regardless of the extent of job experience.
What is a main effect?This means the effect of a single independent variable on the dependent variable while ignoring all other independent variables.
Hence, we have a main effect for age when income significantly varies by age regardless of the extent of job experience.
Therefore, the Option C is correct.
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The recency effect is: Multiple Choice accounting for the most recent profits or losses first on financial statements. the basic human tendency to overvalue recent experience when trying to predict the future. earning a profit by betting against what everyone else is doing. shorting financial investments that are subject to a bubble.
The recency effect is the basic tendency to overvalue recent experience when trying to predict future.
What is recency effect?The recent effect is that you remember well the information you heard in the end.The recent effect refers to the memory factor, in which individuals may recall information that they heard at the last.
Recent results are derived from the study of the last few items in the list from short-term memory (STM), and the significance results are reflected in the long-term memory benefit (LTM) for the first few items in the list due to the large duplication given to those items.
Thus, the correct statement is the recency effect is the basic tendency to overvalue recent experience when trying to predict future.
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Vital records, such as birth and death certificates, are considered what type of information source?
Tertiary
Primary
Secondary
Answer:
Primary answer
Explanation:
Nita is a Market Research Analyst who has a retirement plan set up through her employer. Kurt is hired as a Retail Salesperson even though he doesn't have any experience in sales. Wendy is a Purchasing Manager with a bachelor's degree and three years of experience. Tyler works 15 hours per week as a Cashier. Nita is a Market Research Analyst who has a retirement plan set up through her employer. Kurt is hired as a Retail Salesperson even though he doesn't have any experience in sales. Wendy is a Purchasing Manager with a bachelor's degree and three years of experience. Tyler works 15 hours per week as a Cashier.
Answer:
job with benefits
entry-level job
advanced job
part-time job
Explanation:
i got them right :D.
Answer:
its job with benefit entry-level job advanced job part-time job
Explanation:
i got it right
Nancy Appleton obtained a $45,000 loan for her start-up business. The SBA guaranteed 75% of the loan. How much has the bank risked losing if Nancy's business fails?
Based on the percentage that SBA guaranteed out of Nancy's loan, the bank stands to lose $11,250.
How much does the bank stand to lose?The bank stands to lose the amount that wasn't guaranteed by the SBA in the event that Nancy Appleton's business fails.
This amount can be found as:
= Loan amount x ( 1 - percentage guaranteed)
Solving gives:
= 45,000 x ( 1 - 75%)
= $11,250
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Beverly, a real estate licensee, doesn’t represent either party to a specific real estate transaction. She merely helps the parties handle the paperwork. What role is Beverly taking in this transaction?
Beverly, a real estate licensee is taking up the role of a transactional broker by not representing either party to a specific real estate transaction.
Who is a transactional broker?A transaction broker is the one that provide third-party real estate services various buyers and sellers in exchange for a comission.
Here, transactional broker is a neutral person to parties in a real estate transaction.
Hence, Beverly, a real estate licensee is taking up the role of a transactional broker by not representing either party to a specific real estate transaction.
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Cori signs a contract with a real-estate agency to sell her house. Cori cannot use other real estate agents while in this contract. This relationship is an example of ________.
Answer:
Express agency
Explanation:
I just took the quiz/test
A firm has $75 million of assets that includes $12 million of cash and 25 million shares outstanding. If the firm uses $12 million of cash to repurchase shares, what is the new price per share
The new price per share is $3 if the firm uses $12 million to repurchase shares since demand will drive up the price after the repurchase.
What is share repurchase?A share repurchase occurs when a company buys back its shares from the stock market.
The shares may be repurchased at a discount or premium.
When the share repurchase is completed, the demand for the shares normally increases, thereby driving the price up.
Data and Calculations:Assets value = $75 million
Cash balance = $12 million
Outstanding shares = 25 million
Current price per share = $3 ($75 million/25 million)
Repurchase of shares = $12 million
Number of shares repurchased = 4 million ($12 million/$3)
New total assets = $63 million ($75 - $12 million)
New shares outstanding = 21 million (25 - 4 million)
New price per share = $3 ($63 /21 million)
Thus, the new price per share is $3 if the firm uses $12 million of cash to repurchase shares.
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________ is a factor that helps executives decide if there is a good financial incentive for attempting a technological innovation.
Economic viability is a factor that helps executives decide if there is a good financial incentive for attempting a technological innovation. Below is a further explanation.
What is an Economic viability?Economic viability is an economic measure of the likely success of a particular action or set of actions on a particular product. An assessment of economic viability is an evaluation of the various economic effects that may result from the implementation of a particular project.
Therefore, the answer is economic viability.
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This investor started with $10,000 and ended up with $74,500 after 30 years, just
from the growth of that initial investment. Now, imagine they tried to use savings to
reach that same 30-year goal. If they start with $10,000, how much would they
need to save each year to have $74,500 after 30 years? Assume they don't earn
interest on savings.
would they need to save to have $74,500 after 30 years
Assuming that interest is not earned on savings, the annual saving to save $74,500 with an initial capital of $10,000 is $2,150.
What is interest?Interest refers to the finance charge or income that is added to a periodic saving.
The interest (simple or compounding) increases the amount of the funds at the end of its maturity period.
We can compute the compound interest using an online finance charge.
Data and Calculations:Initial investment = $10,000
Investment balance after 30 years = $74,500
To save $74,500 with an initial capital of $10,000 without interest, the annual saving is $2,150 ($74,500 - $10,000)/30.
Thus, assuming that interest is not earned on savings, the annual saving to save $74,500 with an initial capital of $10,000 is $2,150.
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A local coffee shop is giving out free mini-size brewed coffee to entice consumers to come in the shop and try its products. The giveaways are called ______.
Answer:
Free Sample Marketing
Explanation:
This is the answer because when you give away free products it makes people want to buy it because it taste good or is good.
To perform a vertical analysis of an income statement, you would divide each line item on the statement by ______.
Three Economic Concepts: Summary of your group discussion:
Economic Question(s) your Group Has About the Economic Sanctions against Russia:
summary of ur group discussion:
Answer:
orange: scarcity, supply and demand, costs and benefits yellow: how do sanctions affect Russia's economy?, why are there sanctions in Russia?, who's or what's the cause of the sanction? blue: Russia could have issues with veto and passing laws. They had too much stuff to watch out for and needed more resources. Wanted to be smart with their decisions. (I tried my best sorry if I messed up somewhere forgive me :-;)
Explanation:
Courts will not take action against a television show that critiques newly-released books for infringement of copyright because _____.
Investing in stocks is risky because:
O A. they are generally short term investments,
O B. the value of the stock can fall below what you paid for it.
O C. stocks can increase in value leading to high tax bills.
D. the value of the stock can increase more than you paid for it
A job candidate who is capable of maintaining effective workplace relationships demonstrates Multiple Choice competence. character. creativity. coherence. caring.
A job candidate who is capable of maintaining effective workplace relationships demonstrates the coherence trait.
What do you mean by a job candidate?A job candidate refers to an applicant who can be considered for a job.
A job candidate who is capable of maintaining effective workplace relationships demonstrates a coherence trait.
Therefore, D is the correct option.
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Burton Co. Requests assistance allocating costs and determining the profitability of its two departments: Skis and Snowboards. Shared indirect expenses include rent and supervision. Use the Tableau Dashboard, with information from Burton’s December 31 year-end reports, for our analysis.
Compute gross profit for each department. 2. Allocate rent expense to each department.
Required 1Required 2
Compute gross profit for each department.
Department Gross Profit
Skis
Snowboards
Allocate rent expense to each department.
Rent expense Allocation Base Percent of Allocation Base Cost to be Allocated Allocated Cost
Department Numerator Denominator % of Total
Skis
Snowboards
Totals
Based on the sales and cost of goods sold for both departments of Burton Co., the gross profits are:
Skis - $58,000.Snowboards - $15,000.The rent expenses can be allocated as:
Skis - $5,400.Snowboards - $2,400.What are the departmental gross profits?This can be found as:
= Sales - Gross profit
Ski department: Snowboards:
= 100,000 - 42,000 = 75,000 - 60,000
= $58,000 = $15,000
What are the rental expenses?The allocation base for the rent expenses is the square feet occupied by each department.
Ski department:
Allocation Base Percent of base Cost to be allocated Allocated cost
14,000 feet² 70% $8,000 $5,600
Snowboard department:
Allocation Base Percent of base Cost to be allocated Allocated cost
6,000 feet² 30% $8,000 $2,400
Percent of base for Ski department is:
= 14,000 / (14,000 + 6,000)
= 70%
Allocated cost is:
= 70% x 8,000
= $5,600
Percent of base for Snowboard department is:
= 6,000 / (14,000 + 6,000)
= 30%
Allocated cost is:
= 30% x 8,000
= $2,400
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Interest groups are often categorized by the causes or people they represent. Match each example of a specific interest group to the correct interest group category.
Public action committees (PAC) is an example of a specific interest group that was established primarily to influence election.
What is an interest group?An interest group can be defined as a group that comprises individuals who are only concerned about influencing policies of the government based on their interests, cause, common aims, goals, or people they represent.
In the United States of America, some examples of interest groups include the following:
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E-Tech Initiatives Limited plans to issue $550,000, 10-year, 3 percent bonds. Interest is payable annually on December 31. All of the bonds will be issued on January 1, 2019. Show how the bonds would be reported on the January 2, 2019, balance sheet if they are issued at 95. (Deductions should be indicated by a minus sign. )
E-TECH INITIATIVES LIMITED
Balance Sheet (partial)
As of January 2, 2019
Carrying Value
This is how the bonds issued by E-Tech Initiatives Limited on January 1, 2019, will be shown on its balance sheet on January 2, 2019:
E-TECH INITIATIVES LIMITED
Balance Sheet (partial)As of January 2, 2019
Long-term Liabilities:
Bonds Payable (Carrying Value)
Face value = $550,000
Discounts (27,500) $522,500
How is the carrying value of bonds payable shown on the balance sheet?The carrying value of this bond equals its par or face value ($550,000) plus any unamortized premiums or less unamortized discounts ($27,500).
Thus, the net amount between the par value and the premium or discount is called the carrying value which is reported on the balance sheet.
Data and Calculations:Face value = $550,000
Maturity period = 10 years
Interest on bonds = 3% annually
Issue value = 95
Price = $522,500 ($550,000 x 95%)
Discount = $27,500 ($550,000 x 522,500)
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If you paid $1050 for a $1000 10-year bond that pays an 11% annual interest payment, the bond's yield is
The bond yield of the bond that cost $1050, has a face value of $1000 and an annual interest payment of 11% is 10.18%.
What is the bond yield?The bond yield is the inerest rate that would equate the cost of the bond with its face value and interest payments.
The bond yield can be determined with a financial calculator:
Cash flow in year 0 = $-1050 Cash flow each year from year 1 to 10 = $110 Cash flow in year 10 = $1000Bond yield = 10.18%
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A key aspect of participative leadership is ______. decreasing repetitive work creating an inclusive environment clarifying the path to the goal challenging workers to excel
A key aspect of participative leadership is: A. decreasing repetitive work.
What is participative leadership?Participative leadership can be defined as a form of leadership and management style that involves an invitation of all of the team members to join in the decision-making processes and proferring solutions to a problem.
Basically, a fundamental characteristic and key aspect of participative leadership is that it would help to decrease repetitive work in a business organization.
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