All categories

1 year ago

For the current year, Klay Corporation reports the following information:

Business

2 answers:

DerKrebs [107]1 year ago

7 0

Answer:

The company’s cash flows from operating activities was a cash inflow of $5,000

Explanation:

Cash at the end of the year = Cash at the beginning of the year + Net cash inflows from investing activities + Net cash inflows from financing activities + Net cash inflows from operating activities

Therefore,

Net cash inflows from operating activities = Cash at the beginning of the year + Net cash inflows from investing activities + Net cash inflows from financing activities - Cash at the end of the year = $340,000 + $40,000 + $45,000 - $420,000 = $5,000 >0

The company’s cash flows from operating activities was a cash inflow of $5,000

Doss [256]1 year ago

4 0

Answer:

A cash outflow of $5,000

Explanation:

the sum of cash flows from the operating, investing and financing activities must equal the net change in cash during the period

You might be interested in

Melon Lawn Co. advertises its new XJ200 lawn mower. Salespersons describing the XJ200 on behalf of Melon Lawn describe it as a "

kramer

Answer:

c. puffery

Explanation:

Puffery happens when advertisers are trying to encourage people across different techniques to purchase a product or service.

A business can send an amusing advertisement about its product, contrast the product to a similar item, mention product details, or make broad statements about the product that can not be proven to be true.

7 0

1 year ago

While conducting business with a customer from Italy, Zoe was careful to speak slowly and clearly, using short sentences and fam

lana66690 [7]

Answer:

graciously accept the blame for not making her meaning clear.

Explanation:

In business communication when the message being passed is not clearly understood for one reason or the the other (in this case because of language barrier). The polite action to take is first to graciously accept blame for not passing the message across clearly, then find a solution to the communication gap.

Talking louder to the other party will be the wrong step to take as it will appear rude, so offer an apology which will give a positive environment.

The other options of ending the conversation and asking an Italian business man to explain what you mean in simple terms will be taken as a slight.

6 0

1 year ago

A spa has placed a magazine advertisement in a local women’s magazine. What technological feature have the owners incorporated i

mylen [45]

Answer: A. A QR code that is scanned and decodes information directly on the phone

Explanation:

This is the best option as QR codes are usually inserted into print media to give more information about something when they are scanned. They can even be used to give discounts.

Human technology has not reached the point where either pop-ups, interactive content, or image projections can appear on print media so options B through E are wrong.

5 0

2 years ago

Which of the following statements represent a weakness or limitation of ratio analysis? Check all that apply. A firm may operate

Art [367]

Answer: A firm may operate in multiple industries.

Different firms may use different accounting practices.

Explanation:

Ratio Analysis as you probably know is a very useful tool in financial analysis. It works by comparing ratios based on items in the financial statements of a company to measure certain things such as the Company's Liquidity, Profitability and the like.

It does have certain drawbacks though such as,

A firm may operate in multiple industries

When a firm is operating in multiple industries. Comparing ratios is not a simple task. Different industries record profits and costs differently and just because a ratio is held in high esteem on one company does not mean it is good in another thereby making comparison based on ratios alone quite cumbersome.

Different firms may use different accounting practices

Now if different companies use different Accounting practices, you might find that ratios cannot be straightforwardly compared because different types of figures were used by the different companies. For instance, some companies might use a Straight Line Depreciation method as opposed to a Reducing Balance method which will have varying effects on income.

4 0

2 years ago

Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department for May

JulijaS [17]

Answer

(a) cost per equivalent unit

Item Material Labour Overheads

Cost per EU($) 84.15 34.25 172.25

b) Total cost per equivalent = $290.65

Explanation:

The weighted average method of valuation of work in progress does not separate opening work-in progress from the newly introduced.

The cost per equivalent units using this method is computed by dividing the total equivalent units by the cost element. This repeated for each of cost element categories.

Item Material Labour Overheads

Opening WIP 36,900 61,650 299,715

Cost added 223,965 41,100 199,810

Total cost($) a 260,865 102,750 499,525

Equivalent unit b 3,100 3,000 2,900

Cost per EU($) (a/b) 84.15 34.25 172.25

Total cost per equivalent unit = 84.15 + 34.25 + 172.25

Total cost per equivalent= $290.65

8 0

1 year ago