Answer:
amount of the net source $15
Explanation:
![source\ of\ cash =[Cash+AR+Inventory]- [Amount\ Payable]](https://tex.z-dn.net/?f=source%5C%20of%5C%20cash%20%3D%5BCash%2BAR%2BInventory%5D-%20%5BAmount%5C%20Payable%5D)
cash = $183
received amount = $392
inventory =$714
payable amounts =$463
current assest = (183+392+714)-463=$826
current liabilities =(167+682+409-447)=$811
cash = $167
received amount = $409
inventory =$682
payable amounts =$447
current liabilities =(167+682+409-447)=$811
Hence since current liabilities is more than current assests, therefore there will be loss of accounts
Hence source of cash= (826-811) = $15.
Answer:
Acme's current balance of accounts payable is $6000
Explanation:
The closing balance of accounts payable can be calculated using the opening balance and adjusting the changes during the period to the opening balance.
The closing balance can thus be calculated as:
Closing balance = Opening balance + Credit purchases - Payment to Accounts payable
Closing balance = 3000 + 4000 - 1000
Closing balance = $6000
Answer: <em><u> $56,000 is unadjusted revenue overstated in the combined income statement for year 2.</u></em>
Explanation:
Consolidated Cost of Goods Sold = $40,000,
However, Twill realizes $56,000 ($40,000 × 140%) for a total of $96,000 as the cost of goods sold.
Thus, $56,000[$96,000 – $40,000] should be eliminated from Cost of Goods Sold in the combined income statement for year 2.
Answer:
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Explanation:
The <em>expected return</em> is the weighted average of the expected returns in each scenario by its respective probability.
The <em>distribution of the holding period returns </em>(HPR) under three different scenarios is:
State of the economy Scenario #(s) Probability, p(s) HPR
HPR Boom 1 0.336 28.40%
Normal growth 2 0.414 7.90%
Recession 3 0.25 18.90%
The calculations are:

