The current sections of Flint Corporation’s balance sheets at December 31, 2016 and 2017, are presented here. Flint Corporation’s net income for 2017 was $156,213. Depreciation expense was $27,567.
2017
2016
Current assets
Cash
$107,205
$ 101,079
Accounts receivable
81,680
90,869
Inventory
171,528
175,612
Prepaid expenses
27,567
22,462
Total current assets
$387,980
$390,022
Current liabilities
Accrued expenses payable
$ 15,315
$ 5,105
Accounts payable
86,785
93,932
Total current liabilities
$102,100
$ 99,037
Prepare the net cash provided (used) by operating activities section of the company’s statement of cash flows for the year ended December 31, 2017, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Answers
Answer:
209305
Explanation:
Statement of cash flow
Cash from operating activities
Profit after taxation 156213
Adjustments :
Depreciation 27567
Cash flow from operating activities before working capital changes 183780
Working Capital changes :
Change in trade receivables 9189
Change in inventories 4084
Change in prepaid expenses (5105)
Change in trade payables 7147
Change in accrued expenses 10210
Cash generated from operations 209305
Related Questions
A retailer spends a $500 per month to keep its online shop active and updated. The store acquires shirts at a cost of $5 per shirt. Each shirt sells for a marginal benefit of $10 per shirt.
How many shirts would you have to sell for it’s marginal benefits to be greater than its total costs?
Answers
Answer:
100 shirts
Explanation:
Borrowing from the contribution margin concept, the level where the marginal benefit is greater than total costs is the break-even point.
Break-even point = fixed cost / contribution margin per unit.
For this retailer,
Fixed costs are $500,
The contribution margin per unit = selling price- variable cost
=$10-$5
=$5
Break-even point
= $500/$5
= 100units
The retailer would have to sell 100 shirts for it’s marginal benefits to be greater than its total costs.
What is breakeven point?This is the point where the additional gain derived is more than the total costs.
Applying break even point, we'll have
Break-even point
= Fixed cost / Contribution margin per unit.
Fixed cost
= $500
Contribution margin per unit
= Selling price - Variable cost
= $10 - $5
=$5
Break-even point
= $500 / $5
= 100units
Hence, the retailer would have to sell 100 shirts for it’s marginal benefits to be greater than its total costs.
Learn more about break even point here : https://brainly.com/question/21137380
#SPJ9
what are 2 different types of budgets and discuss how they complement each other?
Answers
There are two main types of budgets: operational budgets and financial budgets.
Operational budgets are used to plan and monitor the day-to-day operations of a business, and typically cover a period of one year. These budgets include items such as revenue projections, production costs, and operating expenses. Operational budgets are crucial for ensuring that a business stays on track and meets its operational goals. Financial budgets, on the other hand, are focused on the long-term financial health of a business. They include items such as capital expenditures, financing costs, and cash flow projections. Financial budgets are used to help businesses plan for the future and make strategic decisions about investments and growth. These two types of budgets complement each other by providing a comprehensive view of a business's operations and financial health. Operational budgets help to ensure that day-to-day activities are aligned with the overall goals of the business, while financial budgets provide a roadmap for achieving long-term success. By using both types of budgets, businesses can make informed decisions about resource allocation, identify potential risks, and maintain a strong financial position over the long term.
for more questions on budgets
https://brainly.com/question/1619150
#SPJ11
The US government interferes with its businesses to ensure they are safe for the workers and customers. What specific organization helps to ensure that each company
follows safety standards such as having the right amount of emergency exits, supplying construction workers with hard hats, or installing fire sprinklers on all building
floors
СА
Fair Labor Standards Organization
OBDEA
Ос
Antitrust Association
OD
OSHA
Answers
Answer:
OSHA I think..good luck
The organization that ensures all the safety measures to protect the company as well as employees is called OSHA. Thus, option (D) is correct.
What is organization?Organization refers to the group of people working together in order to achieve the common goals of the management. There are a variety of people present in the organization which work and socializes with each other to impact the working of the organization.
There are three level in every organization that is top level, middle level and lower level.
OSHA is a particular agency that works to guarantee that each firm meets safety regulations such as having enough emergency exits, providing hard helmets to construction workers, and putting fire sprinklers on all building floors.
Therefore, it can be concluded that option (D) is correct.
Learn more about organization here:
https://brainly.com/question/28169873
#SPJ2
Arrange the types of investments in the correct order from the least risky to the most risky investment. property
bonds
starting a business
mutual funds
Answers
Answer:
Bonds
property
speculative bonds
starting a business
Explanation:
Bonds are low-risk investments. They are issued by governments or highly reputable corporations. The returns from bond investments are almost guaranteed.
Property refers to investing in land or building. They are low-risk investments. Land is always appreciating in value. The possibility of incurring losses is low.
Speculative bonds will experience price fluctuations during a trading session. They offer a chance to make high returns. They are risky due to the high chances of incurring losses.
Starting a business is the riskiest. Almost 82% of all start-ups will fail in their first year.
Answer:
bonds
mutual funds
starting a business
Explanation:
Hopes this helps :)
Why do you think some service professionals prefer to work alone rather than in a team
Answers
Answer:
They could be an intervert,Anbivert, it coul make more money or it could not require a team, etc
c. In 2018, preferred shareholders elected to convert 4.58 million shares of preferred stock ($39 million book value) into common stock. Rather than issue new shares, the company granted 4.58 million shares held in treasury stock to the preferred shareholders, with a total cost of $33 million. Prepare a journal entry to illustrate how this transaction would have been recorded. (Hint: use the cost per share for 2018 determined in b.) Enter answers in millions. Round to the nearest million.
Answers
Answer:
Dr Preferred stock 39
Cr Treasury stock 33
Cr Additional paid in capital 6
Explanation:
Since the value of preferred stock is lower than the value of treasury stock, then the difference must be recorded as additional paid in capital. Additional paid in capital = $39,000,000 - $33,000,000 = $6,000,000
Which of the outcomes in are most appealing to you? Are you more attracted to extrinsic outcomes or intrinsic outcomes?
Answers
Extrinsic outcomes are external rewards such as money, status, or recognition that come from achieving a goal. These outcomes are appealing to some individuals because they provide tangible benefits and can be easily measured by others.
On the other hand, intrinsic outcomes are internal rewards such as personal satisfaction, a sense of accomplishment, or personal growth that come from achieving a goal. These outcomes are appealing to some individuals because they provide a deeper sense of fulfillment and can be more meaningful in the long-term.
Ultimately, whether someone is more attracted to extrinsic or intrinsic outcomes depends on their personal values and goals. Some people may prioritize external rewards and seek to maximize their income or social status, while others may prioritize personal growth and seek to achieve goals that align with their passions and values.
It is important to strike a balance between both types of outcomes and to find a sense of purpose and satisfaction in the goals that we pursue.
For more such questions on goal visit:
https://brainly.com/question/25534066
#SPJ11
________ are companies that pool investments from individuals and organizations to purchase a portfolio of stocks, bonds, and other securities.
A. Stock Companies
B. Stock Exchangers
C. Brokers
D. Mutual Funds
Answers
Explanation: A mutual fund is a company that pools money from many investors and invests the money in securities such as stocks, bonds, and short-term debt. The combined holdings of the mutual fund are known as its portfolio. Investors buy shares in mutual funds. Each share represents an investor’s part ownership in the fund and the income it generates.
:)
Evidence:
On August 1, Kim Company accepted a 90-day note receivable as payment for services provided to Hsu Company. The terms of the note were $9,000 face value and 7% interest. On October 30, the journal entry to record the collection of the note should include a a.Interest Revenue for $358. b.Credit to Interest Revenue for $158. c.Notes Receivable for $258. d.Interest Receivable for $58.
Answers
Answer:
b.Credit to Interest Revenue for $158.
Explanation:
the journal entry to record the acceptance of the note receivable:
August 1, note receivable accepted from Hsu Company
Dr Notes receivable 9,000
Cr Service revenue 9,000
the journal entry to record the collection of cash:
October 30, cash collected from Hsu Company
Dr Cash 9,158
Cr Notes receivable 9,000
Cr Interest revenue 158
categories such as education and household size represent which of the following?
a) Culture
b) Demographic
c) Benefit
d) Psychografic
Answers
Ryan Company deposits all cash receipts on the day they are received and makes all cash payments by check. Ryan's June bank statement shows a $20,361 balance in the bank. Ryan's comparison of the bank statement to its cash account revealed the following: Deposit in transit 1,850 Outstanding checks 945 Additionally, a $37 check written and recorded by the company was incorrectly recorded by the bank as a $73 deduction. The adjusted cash balance per the bank records should be:
Answers
Answer:
Bank Statement Balance = $20361
Deposit In Transit. = $1850
Outstanding Checks. = $945
Additional Check. = $73-$36
Adjusted Cash Balance. = $23193
2. Provide three examples of innovative activities, practices that leaders might undertake. Do not limit your ideas to
those presented in the text.
Answers
Answer:
Examples of innovative activities which leaders might undertake are:
1. Reading and reviewing a book with their employees in an area of organizational deficiency;
2. Encouraging and promoting problem-solving rather than rote activities through the use of financial rewards tied to such activities
3. Carrying our regular (weekly performance) feedback of each person's performance including the leader she or himself in order to ensure timely and goal-oriented course correction.
Cheers
Which type of car insurance policy usually has the highest premium?
Answers
Comprehensive car insurance policy usually has the highest premium among all the other types of car insurance policies. Hence the correct answer is A.
Comprehensive car insurance is an optional coverage that provides protection against damage to your vehicle from various risks such as theft, vandalism, fire, and natural disasters. It also covers damages to your car from collisions with animals. Comprehensive car insurance provides broader coverage than liability insurance, including damage to both other people and property and your own car, making it more expensive.
Therefore, comprehensive car insurance policy usually has the highest premium among all the other types of car insurance policies. Hence the correct answer is A.
Learn more about car insurance, here:
https://brainly.com/question/30025946
#SPJ1
quality of performance
Answers
The question does not specify anything so the answer is written in generalise manner.
The amount of excellence that helps in the fulfillment of goals, completeness, and accuracy of an individual's or organization's output is referred to as performance quality. It is a measurement of how well a task or procedure is carried out.
Organizations with strong cultures that emphasize quality and continual improvement do better than those with weaker cultures. Effective leadership can also contribute to the development of a great culture and improved quality.
The ease of use and efficiency of the product or service, as well as how well it fits the needs of the consumer, are all aspects of performance quality which is determined by the customer.
Learn more about the quality of performance, here:
https://brainly.com/question/30490925
#SPJ1
Which of the following actions would be most likely to reduce potential conflicts of interest between stockholders and managers?
a.)Reduced monitoring by financial markets
b)Compensating managers with stock options
c)Financing risky projects with additional debt
d)Reducing the threat of hostile takeovers
e)The use of covenants in bond agreements that limit the firm's use of additional debt and constrain managers actions
Answers
What could reduce potential conflicts of interest is the use of covenants in bond agreements that limit the firm's use of additional debt and constrain managers actions
Let understand that Shareholders are basically the “owners” of the company and they are entitled to dividend payments and stock price appreciation because they bought shares.
Let understand that Managers are the people or officers who manage the company (& shares) on a daily basis.
Now, there can be conflicts of interest between stockholders and managers because of disagreement on what should be and not.The major actions that can help to reduce this conflict are covenants in bond agreements. By reason of this, the manager of limited on what to do with the funds of the shareholders and can be penalized if found defaulted by law.Learn more about covenants in bond agreements
brainly.com/question/15735678
Task 1: Careers and Educational Requirements Perform online research and choose a career in the financial services industry. Determine the education you will need to prepare for this career.
Task 2: Certification Requirements
For your chosen career, identify the certification or licensing required. Develop a strategy to prepare for certification.
Task 3: Information Technology and Interpersonal Skills
For your chosen career, describe the skills you will need to learn and develop.
Answers
For Task 1, I have chosen the career of a financial analyst in the financial services industry. To prepare for this career, a Bachelor's degree in Finance, Accounting, Economics, or a related field is required.
For Task 2, becoming a Certified Financial Analyst (CFA) is highly valued in this career. The CFA program consists of three levels of exams that cover topics such as economics, financial reporting and analysis, ethics, and investment tools.
For Task 3, both information technology and interpersonal skills are important in this career. Financial analysts must have strong analytical skills and be proficient in using financial modeling software and spreadsheet applications.
Task 1- Many employers also prefer candidates with a Master's degree in one of these fields. Additionally, courses in statistics, mathematics, and computer science can be beneficial in this career. Task 2- To prepare for this certification, one should enroll in a CFA program review course, study the material thoroughly, and take practice exams to prepare for the rigorous testing process.
Task 3- They also need to have excellent communication and interpersonal skills to be able to work effectively with clients and team members. Additionally, they must be able to present complex financial information in a clear and understandable manner. Developing and honing these skills can be achieved through a combination of on-the-job experience, training, and continuing education courses.
For more such questions on financial analyst
https://brainly.com/question/30327214
#SPJ11
In the context of the barriers to international trade, which of the following is the best way to jump over sociocultural barriers?
a.
Establishing production standards
b.
Developing ethnocentric marketing practices
c.
Evaluating the economic conditions of a market
d.
Conducting thorough customer research
Answers
Answer: In the context of the barriers to international trade, Conducting thorough customer research is the best way to jump over sociocultural barriers.
Explanation:
Many businesses who are entering the global market misunderstand the constant challenge offered by sociocultural barriers. Although global consumer trends have become more uniform, values, languages, and decision-making processes still pose significant challenges for businesspeople trying to engage with partners in different nations.
Those with experience in international trade are aware of the existence of sociocultural barriers and actively work to overcome them in order to further their business endeavors by Conducting thorough customer research, which helps in breaking the ice with customers of different uniform, values, and languages.
To know more about sociocultural barriers,
https://brainly.com/question/10892173
The Federal Trade Commission (FTC) should be contacted by phone or online
if you think you are:
O A. a victim of car theft.
O B. a victim of bankruptcy.
O C. a victim of identity theft.
о D. a victim of medical identity theft.
<
SUBMIT
Answers
The Federal Trade Commission (FTC) should be contacted by phone or online if you think you are a victim of identity theft.
How is identity theft handled by the FTC?Callers to the hotline receive counselling from specially trained staff who explain the basics of identity theft, assist victims in following the steps necessary to fix the issues brought on by the misuse of their identities, and inform victims of their rights when they are experiencing specific issues.
How may identity theft be reported to the Federal Trade Commission (FTC)?IdentityTheft.gov, the federal government's one-stop resource to assist people in reporting and recovering from identity theft, allows consumers to report identity theft. The website offers step-by-step instructions as well as practical tools like printable checklists and model letters.
To know more about Federal Trade Commission, visit:
brainly.com/question/727017
#SPJ1
what are the factors that influence management
Answers
Answer:
hope it helps..
Explanation:
Factors influencing changes in strategic management may be internal or external to the business organization. Some of these factors include management functions, structural transformations, competition, socio-economic factors, laws and technology.
Answer: Factors influencing changes in strategic management may be internal or external to the business organization. Some of these factors include management functions, structural transformations, competition, socio-economic factors, laws and technology.
Explanation:
The explanation is that these are factors influencing changes strategically that are internal or external rather.
Please answer the questions in the image. This is so frustrating....
Answers
>
2. Post to the cash short and over account (use Account No. 516).
20--
ACCOUNT
DATE
Cash Short and Over
ITEM
GENERAL LEDGER
POST. REF.
38
18
38
38
DEBIT
CREDIT
ACCOUNT NO.
BALANCE
DEBIT
CHE E UD
516
CREDIT
Answers
Cash shortage represents expense and cash overage represents revenue.
What is meant by Cash Shortage (if credit exceeds debit)?A cash shortage occurs when the total amount of cash that must be paid out is less than the amount of cash that is available. To put it another way, it occurs when the total amount of credit in a cash account exceeds the total amount of debit.
This scenario can occur in a variety of settings, including banking, business operations, and personal finance. In personal finance, for instance, an individual may run out of cash if their expenses are greater than their income. Also, if a company has to pay out a lot of money at once or its expenses are higher than its revenue, it may run out of cash.
To know more about Business Operation, visit:
https://brainly.com/question/24142702
#SPJ1
Which description most accurately describes the FBLA-PBL?
A. It focuses mainly on building communication skills.
B. It focuses only on marketing skills.
C. It promotes careers in the health care field.
D. It focuses on developing business leaders.
Answers
The option that most accurately describes the FBLA-PBL is D. It focuses on developing business leaders.
What is the FBLA-PBL?The Future Business Leaders of America-Phi Beta Lambda( FBLA - PBL) is an organization that focuses on training students in business leadership, career advice and technical growth.
They help develop business leaders in a variety of ways. One of them is by organizing seminars and conferences. At these seminars, students are able to meet business leaders who train them on how to be their best in whatever business they are in.
Find out more on the FBLA-PBL at https://brainly.com/question/28184786
#SPJ1
Students who enjoyed solving a puzzle were rewarded for doing so. Later, they played less with the puzzle than did their counterparts who were not rewarded for the same task. This illustrates which of the following principles?
a. Latent learning
b. Self-fulfilling prophecy
c. Intermittent reinforcement
d. The overjustification effects
e. The law of effect
Answers
Answer:
d. The overjustification effects
Explanation:
Overjustification effect is a psychological phenomenon where an external incentive that is expected to motivate an individual actually reduces his intrinsic motivation to perform well.
The extrinsic motivation recieved now replaces the intrinsic motivation for the person. That is they don't focus anymore on performing well in the task. They rather enjoy the reward.
In the given scenario Students who enjoyed solving a puzzle were rewarded for doing so. Later, they played less with the puzzle than did their counterparts who were not rewarded for the same task.
The students lost motivation after being rewarded.
Si se tiene un activo de Q50,000.00 menos un patrimonio de
Q20,000.00, ¿cuál será el pasivo de la empresa?
Answers
Answer:
I think this is an English server, loveee! Sorryyyy
Explanation:
Which of the following is NOT job of an operations manager?
A. Overcoming inefficiencies
B. Acquiring inputs
C. Filing lawsuits against competitors
D. Managing resources
Answers
The correct option is C, filing lawsuits against competitors. The operations manager is responsible for overseeing the production and operational activities of the company. However, filing lawsuits against competitors is not the job of an operations manager.
This is the responsibility of the legal department or the organization's legal counsel. The legal team is responsible for filing lawsuits against competitors if the organization's rights and interests are violated. The operations manager does not have the authority or means to take legal action against competitors. The primary job of an operations manager is to ensure that all activities run smoothly and efficiently.
To know more about legal department click here
https://brainly.com/question/25117091
#SPJ4
Type the correct answer in the box. Spell all words correctly.
Nathan calculated his company's economic order quantity and categorized all production costs. One cost was related to the cost of storing milk
In the freezers, and another cost was related to the insurance expenses that covered the company's Inventory. To which cost category would
Nathan assign these costs?
Nathan would assign these costs to the
section of the economic order quantity.
HELP ASAP?!?
Answers
Based on the kind of costs they are, Nathan would assign them to the following sections of economic order quantity:
Cost of storing milk - Annual holding cost per unit.Insurance expenses - Fixed cost per order. What sections will the above costs fall under?The cost of storing milk would go to the Annual holding cost because this is where storage costs are catered for. Economic Order Quantity aims to minimize storage costs so these must be accounted for.
Insurance expenses are fixed costs which means that they will go to the fixed cost the company incurs for every order they make.
Find out more on Economic Order Quantity at https://brainly.com/question/13386271.
Landon Jewelers uses the perpetual inventory system. On April 2, Landon sold merchandise with a cost of $3,500 for $7,000 to a customer on account with terms of 3/15, n/30. The journal entry to record the cost of goods sold would be:
A.
Merchandise Inventory
3,500
Cost of Goods Sold
3,500
B.
Sales Revenue
3,500
Cost of Goods Sold
3,500
C.
Cost of Goods Sold
3,500
Merchandise Inventory
3,500
D.
Cost of Goods Sold
3,500
Accounts Receivable
3,500
Answers
Answer: C.
Cost of Goods Sold
3,500
Merchandise Inventory
3,500
Explanation:
A perpetual inventory system is a system thats uses records transactions that take place in real-time. Both the returns and the purchases are recorded immediately as they happen in the inventory account.
Under the perpetual inventory method, it should be noted that sales will be credited to the inventory while the purchases that are incurred will be debited to the inventory and it should be noted that the debit will be recorded in the account of the cost of goods sold.
Therefore based on the question, the journal entry to record the cost of goods sold would be:
Debit: Cost of goods sold $3500
Credit: Merchandise inventory $3500
Therefore, the correct option is C.
How does risk pooling affect inventory levels when a company uses fewer and centralized warehouses? Please explain.
Answers
Answer:
In simple words, Inventory risk pooling is the concept that the variability in demand for raw materials is reduced by aggregating demand across multiple products. When properly employed, a business can use risk pooling to maintain lower inventory levels while still avoiding stock out conditions. Although for preventing stock out situation a company need warehouses where they can keep supply sufficient for emergency conditions.
Suppose the price elasticity of supply for lumber is 2.4. If the price of lumber increases by 20% how much would the quantity supplied of lumber change
Answers
The quantity supplied of lumber would increase by 48% in response to a 20% increase in the price of lumber.
How to calculate by how much would the quantity supplied of lumber changeIf the price elasticity of supply for lumber is 2.4, then we can use the formula:
Elasticity of supply = percentage change in quantity supplied / percentage change in price
Solving for the percentage change in quantity supplied, we get:
Percentage change in quantity supplied = Elasticity of supply * Percentage change in price
Given that the price of lumber increases by 20%, the percentage change in price is 20%.
The percentage change in quantity supplied would be:
Percentage change in quantity supplied = 2.4 * 20% = 48%
Hence, the quantity supplied of lumber would increase by 48% in response to a 20% increase in the price of lumber.
Learn more about quantity supplied at https://brainly.com/question/2114221
#SPJ1
1. Cash price is $500. After making a down payment of $100, the payments are $50
a month for nine months.(A) total installment price, (B) amount of finance charge, (C) annual percentage rate. Solve for A,B, and C.
a.
b.
C.
Answers
Answer:
12.12%
Explanation:
Given:
Cash price = $500
Down payment = $100
Payments = $50 per month for 9 months
To find:
(A) Total installment price
(B) Amount of finance charge
(C) Annual percentage rate
Solution:
(A) Total installment price:
Total amount to be paid = Down payment + Payments for 9 months
Total amount to be paid = $100 + ($50 x 9)
Total amount to be paid = $550
Therefore, the total installment price is $550.
(B) Amount of finance charge:
The finance charge is the difference between the total amount to be paid and the cash price.
Finance charge = Total amount to be paid - Cash price
Finance charge = $550 - $500
Finance charge = $50
Therefore, the amount of finance charge is $50.
(C) Annual percentage rate:
To find the annual percentage rate, we need to use the following formula:
Finance charge = Total amount to be paid x Annual percentage rate x Time
Where time is the duration of the loan in years.
Since the loan is for 9 months, we need to convert it to years by dividing it by 12.
Time = 9/12
Time = 0.75 years
Substituting the given values, we get:
$50 = $550 x Annual percentage rate x 0.75
Annual percentage rate = $50 / ($550 x 0.75)
Annual percentage rate = 0.1212 or 12.12%
Therefore, the annual percentage rate is 12.12%.