BUSINESS COLLEGE

The independent cases are listed below that includes all items relevant to operating activities: Case A Case B Case C Sales revenue $ 65,000 $ 55,000 $ 96,000 Cost of goods sold 35,000 26,000 65,000 Depreciation expense 10,000 2,000 26,000 Salaries and wages expense 5,000 13,000 8,000 Net income (loss) 15,000 14,000 (3,000) Accounts receivable increase (decrease) (1,000) 4,000 3,000 Inventory increase (decrease) 2,000 0 (3,000) Accounts payable increase (decrease) 0 2,500 (1,000) Salaries and wages payable increase (decrease) 1,500 (2,000) 1,000 Compute cash flows from operating activities using the direct method. (Amounts to be deducted should be indicated with a minus sign.) Case A Case B Case C Cash Collected from Customers Cash Payments to Suppliers Cash Payments for Salaries and Wages Net Cash Provided by Operating Activities $ 0 $ 0 $ 0

Answers

Answer 1
Answer:

Answer:

                                                                        Case A        Case B        Case C

Cash Collected from Customers                  $66,000      $51,000    $93,000

Cash Payments to Suppliers                        ($37,000)    ($23,500)  ($63,000)

Cash Payments for Salaries and Wages       ($3,500)     ($15,000)  ($7,000)

Net Cash Provided by Operating Activities   $25,500    $12,500    $23,000

Explanation:

                                                                        Case A       Case B        Case C

Sales revenue                                                  65,000     55,000       96,000

Cost of goods sold                                          35,000     26,000       65,000

Depreciation expense                                    10,000        2,000        26,000

Salaries and wages expense                          5,000       13,000         8,000

Net income (loss)                                            15,000       14,000        (3,000)

Accounts receivable increase (decrease)      (1,000)       4,000          3,000

Inventory increase (decrease)                         2,000          0              (3,000)

Accounts payable increase (decrease)              0            2,500         (1,000)

Salaries and wages payable increase

(decrease)                                                          1,500       (2,000)         1,000

Cash Collected from Customers = Sales revenue - Accounts receivable increase (decrease)

Cash Payments to Suppliers = Cost of goods sold + Inventory increase (decrease) + Accounts payable increase (decrease)

Cash Payments for Salaries and Wages = Salaries and wages expense - Salaries and wages payable increase

(decrease)

Related Questions

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On January 2, 2017, Morey Corp. granted Dean, its president, 20,000 stock appreciation rights for past services. Those rights are exercisable immediately and expire on January 1, 2020.On exercise, Dean is entitled to receive cash for the excess of the stock's market price on the exercise date over the market price on the grant date. Dean did not exercise any of the rights during 2017. The market price of Morey's stock was $30 on January 2, 2017 and $45 on December 31, 2017.As a result of the stock appreciation rights, Morey should recognize compensation expense for 2017 of$300,000.$100,000.$600,000.$0.

Answers

Answer:

$300,000.

Explanation:

The 2017 compensation expense for these stock-appreciation rights equals: (number of shares) x (ending market price - grant-date market price) = 20,000($45 - $30) = $300,000.

The Carbondale Hospital is considering the purchase of ambulance. The TheXarbondale Hospital is considering the purchase of ambulance. The decision will rest partly on the anticipated mileage" be driven next year. The miles driven during the past 5years are as follows:
Year Mileage
1 3000
2 4000
3 3400
4 3800
5 3700
a) Forecast the mileage for next year using a 2-year moving average.
b) Find the MAD based on the 2-year moving average forecast in part (a), (Hint: You will have only 3 years of matched data.)
c) Use a weighted 2-year moving average with weights of .4 and .6 to forecast next year's mileage. (The weight of .6 is for the most recent year.) What MAD results from using this approach to forecasting? (Hint: You will have only 3 years of matched data.)
d) Compute the forecast for year 6 using exponential smoothing, an initial forecast for year 1 of 3,000 miles, and a = .5.

Answers

Answer:

Explanation:

A) using 2-year moving average :

Year 6 : (3800 + 3700) = 7500 / 2 = 3750

2) Mean absolute deviation based on the forecast above :

(3000 + 4000) = 7000/2 = 3500

(4000 + 3400) = 7400/2 = 3700

(3400 + 3800) = 7200/2 = 3600

3000

4000

3400 __3500__100

3800__3700__100

3700__3600__100

Mean absolute deviation = (100 + 100 + 100) /3 = 300/3 = 100

C) weight of 0.4 and 0.6

(0.4*3000 + 0.6*4000) = 3600

(0.4*4000 + 0.6*3400) = 3640

(0.4*3400 + 0.6*3800) = 3640

3000

4000

3400 __3600__200

3800__3640__160

3700__3640__60

(200 + 160 + 60) = 420 / 3 = 140

Which of the following is not a correct interpretation of a trade-off?Having more of one thing means having less of another.
Demand of ice-cream must increase in the summer.
There is no free lunch.
One must give up something in order to obtain something else.

Answers

Answer:

D

Explanation:

A trade-off occurs when we make a choice that benefits us, but to acquire that benefit, we also have to give up something of value. Further explore the definition of trade-offs in economics, understand the concepts of opportunity costs and sacrifices, and recognize the importance of making trade-offs in a strategic manner that uses resources wisely.

Production in 2012 for California Manufacturing, a producer of high security bank vaults, was at its highest point in the month of June when 46 units were produced at a total cost of $500,000. The lowest point in production was in January when only 21 units were produced at a cost of $346,000. The company is preparing a budget for 2012 and needs to project expected fixed cost for the budget year. Using the high/low method, the projected amount of fixed cost per month is

Answers

Answer:

Fixed Cost 216,640

Explanation:

\left[\begin{array}{ccc}High&46&500,000\nLow&21&346,000\nDiference&25&154,000\n\end{array}\right]

The first step is calculate the difference between activity levels

This tell us 25 units generated cost for 154,000

154,000 / 25 = Variable Cost = 6,250

Now we use either the low or high values to solve for fixedcost:

total = variable + fixed

fixed = total - variable

HIGH

Total Cost 500,000

Variable          283,360 (6,250 x 46)

Fixed Cost   216,640

LOW

Total Cost 346,000

Variable          129,360 (6,250 x 21)

Fixed Cost 216,640

You are searching for the details of a refrigerator in Google. When you perform the search, advertisements by home appliance manufacturers appear above the organic search results displayed by Google. These advertisements link you to the online appliance store of the companies.

Which of the following terms refer to these advertisements?
A) pay-per-click ads
B) floating ads
C) interstitials
D) superstitials
E) banner ads

Answers

Answer:

The correct answer is letter "E": banner ads.

Explanation:

Banner ads are rectangular publications portrayed at the top, bottom, left or right side of a website to promote products or services on a website different from the one the goods are sold. Banner ads invite visitors to go into the advertiser's website to dive into its gamma of products offered.

Final answer:

The advertisements that appear above the organic search results are called pay-per-click ads. This is a form of online advertising where advertisers pay a fee for each click on their ad.

Explanation:

The advertisements that appear above the organic search results when you're searching for the details of a refrigerator are referred to as pay-per-click ads (option A). These are a type of online advertising where the advertiser pays a fee each time their ad is clicked by a user. The search engine makes use of this advertising model for its ads, which are strategically placed to attract potential buyers. Other options like floating ads, interstitials, superstitials, and banner ads are also types of online advertisements but they have different characteristics and are used in different contexts.

Learn more about pay-per-click ads here:

brainly.com/question/30155083

#SPJ12

A form of government spending that is not made in exchange for a currently produced good or service is called

Answers

Answer:

Transfer payment

Explanation:

Transfer payment in finance can be as well regarded as " government transfer" it is income and wealth redistribution which occur when payment is made by government without exchange of goods or services in return. It should be noted that Transfer payment is a form of government spending that is not made in exchange for a currently produced good or service. Some of the common transfer payment type is social insurance programs, as well as business subsidies.
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