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azamat
10 days ago
14

Which of the following statements provides a summary of cash receipts and cash payments for a specific period of time such as a

month or a year?
A. balance sheet
B. statement of cash flows
C. income statement
D. retained earnings statement
Business
1 answer:
Nady [3.2K]10 days ago
3 0
Option B. In simple terms, a cash flow statement outlines the sources and uses of an organization’s cash during a designated timeframe, such as a month or a year. This statement categorizes cash inflows and outflows into three sections: operating activities cover cash flows from core business operations, investing activities account for cash movements related to buying and selling machinery, and financing activities encompass transactions relevant to shareholders.
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Bryant Co. reports net income of $20,000. For the year, depreciation expense is $7,000 and the company reports a gain of $3,000
Katen [3220]

Respuesta:

$26,000

Explicación:

Las actividades operativas: Incluyen aquellas transacciones que afectan el capital de trabajo después del ingreso neto. Un aumento en los activos corrientes y una disminución en los pasivos corrientes se deducirían, mientras que una disminución en los activos corrientes y un aumento en los pasivos corrientes se sumarían.

Estos cambios en el capital de trabajo se ajustarían. Además, el gasto de depreciación se suma al ingreso neto

El cálculo de los flujos de efectivo de las operaciones se muestra a continuación:

Flujo de efectivo de actividades operativas

Ingreso neto $20,000

Ajustes realizados:

Agregar: Gasto de depreciación $7,000

Menos: Ganancia por venta de maquinaria - $3,000

Agregar: Pérdida por jubilación de notas $2,000

Flujo de efectivo neto de actividades operativas $26,000

7 0
14 days ago
Bickford Company plans to sell 135,000 units in November and 180,000 units in December. Bickford's policy is that 10% of the fol
arsen [3236]

Answer:

$404,000

Explanation:

Production Unit totals $135,000 plus $18,000 minus $14,000, resulting in $139,000.

The labor time for each unit is 30 minutes, equivalent to 0.5 hours.

The total labor hours equate to $139,000 multiplied by 0.5, giving 69,500 hours.

The variable overhead amounts to 69,500 hours multiplied by 5, resulting in $347,500.

Summing up the total overhead costs yields $347,500 plus $56,500, leading to a total of $404,000.

6 0
1 month ago
A store sells 20 ice cream bars per hour for $4 each, but on discount days, it sells 35 ice cream bars per hour for $3. Based on
soldi70 [3439]

Answer:

The slope representing the correlation between ice cream price and the sales quantity is -1/15

Explanation:

To find the slope of the price and quantity of ice cream sold, the following calculation is needed:

Slope= change in yaxis( vertical)/change in xaxis(horizontal)

Slope= change in price/change in quantity demanded

Slope=P2-P1/Q2-Q1

Slope=3-4/35-20

Slope=-1/15

The slope representing the correlation between ice cream price and sales quantity is -1/15

6 0
26 days ago
Consulting life (10 points) Mt. Kinley is a strategy consulting firm that divides its consultants into three classes: associates
soldi70 [3439]

Answer:

A. 50

B. 4%

Explanation:

To determine the number of new MBA graduates that Mt. Kinley must recruit annually, we calculate the flow rate of associates by dividing the average number of associates by the flow time for associates.

Requirement A:

Flow rate of associates = Average inventory of associates / Flow time of associates

Flow rate of associates = 200/4

Flow rate of associates = 50

Thus, the company needs to hire 50 new MBAs each year.

Requirement B

The likelihood of an associate advancing to partner is 20% x 20%

This results in a probability of 4% for an associate to become a partner

Therefore, the probability that a new employee at Mt. Kinley will be promoted to partner stands at 4%

Working

The manager flow rate equals the average inventory of managers divided by their flow time

The flow rate of managers = 60/6

The flow rate for managers totals 10 per year

For partners, the flow rate is calculated as the average inventory of partners divided by their flow time

The flow rate of partners = 20/10

This results in 2 partners per year

The probability of an associate becoming a manager is given by 10/50

yielding a probability of 20%

The chances of progressing to partner stands at 2/10

indicating a 20% chance of becoming a partner

3 0
13 days ago
Ben is assigned by his employer to improve an ultrasonic range-finding device. While working on the improvement, he recognizes t
soldi70 [3439]

Answer:

1. He has yet to advance the concept

2. His boss is aware of his pacifist beliefs, so Ben faces the dilemma of whether it is ethically sound to create a product potentially usable for warfare.

Explanation:

In this case, Ben has entered into a contract with his employer stating that all concepts he formulates during his employment are owned by the company.

Such agreements are standard practice and grant companies rights over the innovations created by their staff.

Despite this, Ben's pacifism presents an ethical conflict as he contemplates an idea that might turn an ultrasonic range-finding device into a weapon.

He defends his stance by asserting that no development on this idea has occurred and believes his employer will not press him to work on such technology given his pacifist views.

7 0
13 days ago
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