norton company reported total sales revenue of $55,000, total expenses of $45,000, and net income of $10,000 on its income statement. for the same period, accounts receivable increased by $4,000, merchandise inventory increased by $6,000, accounts payable decreased by $2,000, and depreciation of $18,000 was recorded. therefore, based only on this information, the net cash flow from operating activities using the indirect method was:
Answers
The net cash flow from operating activities using the indirect method would be: Net income + Depreciation - Increase in accounts receivable - Increase in merchandise inventory + Decrease in accounts payable $10,000 + $18,000 - $4,000 - $6,000 + $2,000 = $20,000
To calculate the net cash flow from operating activities using the indirect method, we need to start with the net income of $10,000 and make adjustments for non-cash expenses and changes in working capital. Depreciation of $18,000 is a non-cash expense that needs to be added back to the net income.
Accounts receivable increased by $4,000, which means that cash was not received for those sales and needs to be subtracted from the net income.
Merchandise inventory increased by $6,000, which means that cash was used to purchase inventory and needs to be subtracted from the net income. Accounts payable decreased by $2,000, which means that cash was used to pay off some of the accounts payable and needs to be added back to the net income.
This means that Norton Company generated a net cash inflow of $20,000 from its operating activities during the period.
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Related Questions
Jeevan and Jayaram started a partnership business. Jayaram is a filmstar. He has no time to be involved in business activity. Jeevan conducts the business on behalf of Jayaram. Can you identify and differentiate the two types of partners.
Answers
Answer:
•Jayaram is a Limited partner
•Jeevan is an active partner
Explanation:
•A limited partner also known as a silent partner is a partner who does not partake in the day to day running of the business. He only provides capital to the running of the business hence his liability is limited to the amount invested in the business.
Asides providing capital and not being active in the management of the business activity, he can be of help by providing business contact that would bring progress to the business and also give business advice where and when necessary.
• An active partner is a partner who provides capital and also oversees the daily activities of the business. He is a very important partner because of his involvement in the business affairs hence has more liability unlike the limited partner. An active partner's action can make or mar the business because of the influence he has over the business.
What is the author's main claim or argument?
Pizza is the best
Answers
keep track of your income and expenses for one month. list all your assets and liabilities (debts owed) in a spreadsheet. based on these documents, develop a monthly budget and a net worth statement.
Answers
Monthly Budget:
- Income: $X (list sources)
- Expenses:
- Housing: $X
- Transportation: $X
- Food: $X
- Utilities: $X
- Debt Payments: $X
- Other Expenses: $X
Net Worth Statement:
- Assets: $X (list assets)
- Liabilities: $X (list debts)
- Net Worth: $X (Assets - Liabilities)
In the spreadsheet, I would track all income and expenses for a month, listing assets (e.g., savings, investments) and liabilities (e.g., loans, credit card balances). Based on this data, I would create a monthly budget by allocating income to various expenses. The net worth statement would calculate the difference between assets and liabilities, giving an overall snapshot of financial health.
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List all your assets and liabilities (debts owed) in a spreadsheet. Based on these documents, develop a monthly budget and a net worth statement
According to rankings by many people over the years what is the number one expectation that people have a job they will enjoy
Answers
Answer:
The number one expectation is that the job uses people's abilities to the best, and makes them feel accomplished.
One possible explanation for this is Maslow's hierarchy of needs, in which the need of self-accomplishment is at the top, meaning that this is the need of the highest order.
If people feel that they are achieving self-accomplishment in their jobs, then, it is very likely that they enjoy it.
I have discovered there are times when an employee may hesitate
to ask a supervisor a question but will not hesitate to ask the
mentor a question. Why do you think this is?
Answers
There are situations when an employee may hesitate to ask the supervisor a question, but he/she may not hesitate to ask a mentor a question. There are different reasons why this could happen. One of the main reasons why employees may feel hesitant to ask a supervisor is the fear of being perceived as incompetent.
Employees tend to feel that asking questions may portray them as less capable in the eyes of their supervisors, thus, they may be hesitant to ask questions to them. On the other hand, mentors are perceived as approachable, and employees feel that mentors are more likely to understand the challenges faced by employees.
In conclusion, the fear of being perceived as less capable and competent in front of supervisors is one of the main reasons why employees may feel hesitant to ask supervisors questions. While mentors are considered approachable and non-threatening, making it easy for employees to ask them questions.
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can someone tell me what car u like bc i need inspo, like a V6 or something
Answers
Answer:
My personal favs are the Ford GT 2017, the Lamborghini Veneno, the Aston Martin Vulcan, and the Koenigsegg Jesko.
Foreign exchange quotations can be on direct or indirect basis.
Explain each of them with examples
Answers
Foreign exchange quotations can be direct (value of foreign currency in domestic currency) or indirect (value of domestic currency in foreign currency) for accurate currency conversions and international transactions.
Foreign exchange quotations can be presented in either a direct or an indirect basis. Let's explore each of them with examples:
1. Direct Exchange Rate Quotation:
A direct exchange rate quotation expresses the value of a foreign currency in terms of the domestic currency. In other words, it indicates how much of the domestic currency is required to purchase one unit of the foreign currency. Direct quotations are commonly used in countries where the domestic currency is the base currency.
For example, let's consider the exchange rate between the US dollar (USD) and the Euro (EUR). A direct quotation for this exchange rate could be expressed as "1 USD = 0.85 EUR." This means that 1 US dollar is equivalent to 0.85 Euros.
2. Indirect Exchange Rate Quotation:
An indirect exchange rate quotation expresses the value of the domestic currency in terms of the foreign currency. In this case, it indicates how much of the foreign currency is required to purchase one unit of the domestic currency. Indirect quotations are commonly used in countries where the foreign currency is the base currency.
Continuing with the example of the exchange rate between the US dollar (USD) and the Euro (EUR), an indirect quotation for this exchange rate could be expressed as "1 EUR = 1.18 USD." This means that 1 Euro is equivalent to 1.18 US dollars.
It's important to note that the choice between direct and indirect quotation conventions depends on the country and the currency being quoted. In some cases, certain currencies may have both direct and indirect quotations depending on the country where the exchange rate is being quoted.
Understanding whether an exchange rate quotation is direct or indirect is crucial for accurately interpreting and converting currencies when engaging in international trade, foreign investments, or currency conversions.
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buy now pay later catalogs for people with bad credit
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According to credit facilities providers, the buy now pays later catalogs for people with bad credit include Ashro, Boscovs, Country Door, Fingerhut, etc.
What is Buy now Pays later?Buy now Pays later is another name for credit facilities. It is an agreement between borrowers and lenders to get goods or services now in exchange for a commitment to pay at an agreed later time.
There are various Buy now Pays later providers. Some of them include:
FlexshopperBradford ExchangeLeasevilleHSN, etc.Hence, in this case, it is concluded that various Buy now Pays later providers are out there.
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Allowing third-party sellers to list their products on Amazon is controversial. Why would Amazon allow products sold by others to appear on its site?
a. Selection attracts consumers.
b. A network effect competitive advantage is created where more buyers attract more sellers, giving Amazon an advantage over any rival attempting to create a similar marketplace.
c. Although products are sold by third parties, Amazon gains valuable data on things such as customer browsing habits and sales.
d. Amazon's brand is reinforced as a first-choice shopping destination.
e. All of the above.
Answers
Answer:
e. All of the above.
Explanation:
Interestingly, all the above-listed options could serve as a possible reason why Amazon allows products sold by others to appear on its site.
Remember, Amazon is a marketplace; since the definition of a market involves dealings with several entities, it thus logical to expect Amazon to allow people (other sellers) to transact on its platform.
The (blank)
is responsible for scheduling work throughout the factory.
factory manager
production planner
first-line supervisor
industrial engineer
Answers
Schedules, people calling out sick, vacation schedules, HR, help with hiring people, and a lot more.
Production planner’s job is to plan production specifically, not deal with a people’s work schedule.
First-line supervisor is on the floor, “front line”, dealing with daily issues involving the work itself (done by the workers... supervisor supervises).
The industrial engineer is the person who designs the project that the factory is working on (nothing to do with scheduling).
Answer:
Factory manager
Explanation:
i took the test
go grub’s customer complaints have increased because its drivers often get lost when attempting deliveries, which means that the deliveries arrived late. the drivers have resisted using gps systems, claiming they know their territories, but managers are now encouraging them to look for the best solution to the increased level of customer complaints. go grub is in the ________ stage of lewin’s change model.
Answers
Analyzing the information on the issue, it is clear that Go Grub is in the unfreezing stage of Lewin's change model, which corresponds to the first stage of change where persuasive preparation about the needs of change takes place.
To manage the changes that generate adherence to the use of GPS systems at Go Grub, it is necessary for managers to look for methods to demonstrate the advantages of the changes, such as:
Increased speed at work.Improved communication.Greater customer satisfaction.Cost reduction.It is also important to train the employee to reduce insecurity and be honest about how the changes will make the job better, and then proceed with the changing and refreezing, according to Lewin's model.
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What is the act of gathering information relative to a company's action and the factors that affect the space in which the company operates?
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list any 2 merits and demerits of a company
Answers
Answer:
Merits
• limited liability
• Perpetual existence
Demerits
•Company mismanagement
•Lack of secrecy
Explanation:
Merits
° limited liability. The liabilities of the shareholders are limited to the value of investment they have in the company. This means that should the company becomes insolvent, the shareholders will only loose their investment in the firm and not their personal properties.
°Perpetual existence. This is based on the principle of separate legal entity , which means that the death of any shareholder or director would not in any way affect the existence of the company.
Demerits
° Company Mismanagement . One of the demerits of company is Mismanagement. The directors sometimes mismanage company's fund for their personal and selfish benefits which oftentimes throw the company into debt.
° Lack of secrecy. There is no secrecy in company as annual reports are given to the shareholders hence enable the competitors know it's performance and also provide company statements to registrar of companies.
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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in the united states which of the following terms best respresents the selling side of the reasource market in the circular flow model?
Answers
In the United States, the term "firms" or "businesses" best represents the selling side of the resource market in the circular flow model.
In the circular flow model, the resource market represents the market where households sell their resources, such as labor, land, and capital, to businesses. This includes individuals offering their skills and services as employees, renting out property or land, and providing capital for investment.
On the other hand, businesses are the buyers in the resource market, as they acquire these resources from households in order to produce goods and services. The term "firms" or "businesses" accurately describes the selling side of the resource market in the United States, as it encompasses the wide range of businesses and organizations that engage in economic activities and acquire resources from households.
These businesses play a crucial role in the economy by utilizing the resources provided by households to create products and generate income.
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You talked about the response to the financial crisis, and perhaps not enough deficit spending as a response. my question is, are:____________
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You talked about the response to the financial crisis, and perhaps not enough deficit spending as a response. my question is, are: deficit spending and increased taxes on the rich tools that should be used in conjunction?
A financial crisis is one of many situations in which some financial assets suddenly lose a large portion of their face value. In the 19th and early 20th centuries, many financial crises were associated with bank panics, and many recessions coincided with those panics. Other situations often referred to as financial crises include stock market crashes and other financial bubble bursts, currency crises, and national bankruptcies.
Financial crises lead directly to the loss of paper assets but do not necessarily result in major changes in the real economy (for example, the crisis following his famous 17th-century Tulipmania bubble).
Many economists have theories about how financial crises can occur and how they can be prevented. However, no consensus has been reached and financial crises continue to occur from time to time.
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on may 3, zirbal corporation purchased 6,000 shares of its own stock for $60,000 cash. on november 4, zirbal reissued 1,500 shares of this treasury stock for $16,500.
Answers
The treasury stock is 15000. The Capital from the sale of treasury Stock is 1500.
The inventory has been attached below:
The process of ordering, storing, using, and selling a company's inventory is referred to as inventory management. This covers the storage and processing of such commodities as well as the management of raw materials, components, and completed goods. Depending on a company's demands, there are several forms of inventory management, each having advantages and disadvantages.
Just-in-time management (JIT), materials requirement planning (MRP), economic order quantity (EOQ), and days sales of inventory (DSI) are some of our main inventory management strategies. The whole process of managing inventories, from raw materials to completed goods, is known as inventory management. In order to prevent shortages and gluts, inventory management works to efficiently streamline stockpiles.
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How can I use restorative practices to address and repair harm that I’ve caused, harm done to me, and/or harm done to others by someone other than myself?
This is for bullying
Answers
Restorative practices are helpful when a person want to heal oneself from the trauma that is caused by others or by themselves by practicing peaceful mind techniques.
Many peaceful techniques include self introspection and deep knowledge of practices combined together that will ultimately lead to easy and lead to spiritual environment.
Restore practices have a great impact on ones life by someone or spiritual healer that help one to revamp and stop trying to choke oneself. This provide guarantee to heal from past and its experiences.
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pls i need your help. i will literally do anything!! (15pts)
Taking a loan out from a bank is part of the ____ step of starting a new business.
A. implementing a business structure
B. creating a business plan
C. finding funding
D. conducting research
A P E X
Answers
Answer:
finding funding I got it wrong and that was the correct answer FINDING FUNDING
Taking a loan out from a bank is part of the finding funding step of starting a new business. Thus, option C is correct.
What is a loan?A loan is a mutual fund that enables a user can access a defined sum of money at the beginning of the transaction on the understanding that this quantity, with the agreed-upon interest, would be paid back within a given time frame.
Get the personal loan registration form, and fill it out with the necessary information. produce the necessary documentation The lenders will then review the paperwork and determine the applicant's creditworthiness.
Finding finance for a startup company includes taking out a loan from a financial institution. As to start a business a person may need some kind of loan amount so that they would be able to have a capital venture in the business.
Therefore, option C is the correct option.
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the annual rate intrest rate of Chucks savings account is 4.8% and simple intrest is calculated monthly what is the periodic intrest rate of chucks account
Answers
The periodic interest rate of chucks account is 0.4%. Thus the correct option is B.
What is the interest rate?An interest rate refers to an amount charged by a financial institution or bank when they provide money to an individual. This amount is charged on a fixed rate called the interest rate.
As simple interest is charged monthly, there will be 12 estimates of interest in a year.
In the given case, the Annual interest rate is 4.8%
So, the periodic interest rate = Annual interest rate /12
=4.8/12
= 0.4 %
Therefore, option B is appropriate.
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The complete question is
The annual interest rate of Chuck's savings account is 4.8%, and simple
interest is calculated monthly. What is the periodic interest rate of Chuck's
account?
A. 0.8%
OB. 0.4%
C. 1.2%
o
D. 2.4%
SUBMIT
Periodic interest rate of Chuck's account is 0.4%.
How to find interest rate?The periodic interest rate of Chuck's savings account is calculated by dividing the annual interest rate by the number of months in a year.
Convert the annual interest rate to a decimal: 4.8% = 0.048.Divide the annual interest rate by 12 (number of months in a year): 0.048 ÷ 12 = 0.00.Convert the periodic interest rate to a percentage: 0.004 × 100 = 0.4%Therefore, the periodic interest rate of Chuck's account is 0.4%.
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Why is the rational decision-making process difficult to apply completely in many situations?
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Human biases, a lack of information, time restraints, cognitive limits, and social pressures are just a few of the things that make it difficult to use the rational decision-making process.
Many reasons make logical decision-making hard to apply. First, emotions, biases, and personal preferences influence our decisions. We may make irrational conclusions due to these subjective considerations.
Rationality also requires complete and correct information. Information is typically scarce, vague, or confusing. Gathering and validating all essential data might be difficult. A lack of information might hamper logical decision-making.
Time constraints can sometimes make it difficult to fully assess all options and their potential outcomes. In such cases, people may use heuristics or intuitive judgments rather than systematically analyzing their options.
The rational decision-making process also presumes that people can assess advantages and downsides and choose wisely. However, cognitive limits like restricted rationality might impair complicated information processing and evaluation.
Finally, rational decision-making ignores group dynamics and social factors. Many decisions are made in groups with diverse opinions. Group dynamics, power dynamics, and social influences can compromise or make suboptimal decisions.
In conclusion, the rational decision-making process is challenging to apply completely in many situations due to the influence of emotions and biases, limited information, time constraints, cognitive limitations, and social factors.
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A positive or negative change in a patient's account balance that does not involve an exchange of money for additional service fees is called?
Answers
Adjustment refers to any positive or negative adjustments to a patient's account balance that don't include exchanging money or adding a service fee.
Positive balances demonstrate the presence of available funds. A negative balance indicates that the account has to be topped off because the deposits have been depleted. The total of all overdue amounts to vendors is shown as accounts payable on the company's balance sheet. Without a cash transaction or the addition of a service charge, a patient's account balance could change in either a positive or negative direction. contract allowance. Modifications that lower the account balance, such as a discount or write-off. A public accountant works for a company that provides other companies with auditing, tax, consulting, and accounting services in exchange for a fee.
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Suppose the value of all the stocks in a fund's portfolio is currently $500,000. The fund has $450,000 in liabilities and has sold 2,500 shares of its fund to investors. Find the NAV.
Answers
Answer:
Well your currency will come up due to the investors only if it is a great good market platform The liabilities you must take time to pay them back it might cause interest and money building vlaues or taxes or possibly jail time
Explanation: I really hope i helped
If he fund has $450,000 in liabilities and has sold 2,500 shares of its fund to investors. The NAV is $20.
Net asset valueUsing this formula
NAV = (Assets - Liabilities) / Total number of outstanding shares
Let plug in the formula
NAV=($500,000-$450,000)/2500 shares
NAV=$50,000/2500 shares
NAV=$20
Therefore the net asset value is $20.
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what features does each financial institutions have
Answers
The rate of return is very high in case of investment made in this type of institution.
It also gives a high rated consultancy to the customers for their beneficial investments.
It also serve as a depository for their customers.
What is your opinion of the impact on teamwork of paying large financial bonuses to crew member?
Answers
In my opinion, paying large financial bonuses to crew members can have both positive and negative impacts on teamwork. On one hand, the promise of a large bonus can motivate individuals to work harder and push themselves to achieve team goals. This can lead to increased productivity and a greater sense of camaraderie among team members as they work together towards a common goal. Additionally, the acknowledgement of individual contributions through financial incentives can help team members feel valued and appreciated.
On the other hand, if bonuses are based solely on individual performance, it can create a sense of competition among team members and discourage collaboration. This can lead to resentment and mistrust among team members, ultimately undermining teamwork. Furthermore, if bonuses are not distributed fairly or transparently, it can erode trust and damage team cohesion.
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Which of the following would be more typically the responsibility of a controller rather than a treasurer?A) Overseeing accounting and tax functionsB) Capital budgetingC) Managing creditD) Making investment decisions
Answers
overseeing accounting and tax functions would be more typically the responsibility of a controller rather than a treasurer.
Who is considered as treasurer?An organization's treasurer is in charge of managing its finances. Cash and liquidity management, risk management, and corporate finance are among a corporate treasurer's important primary responsibilities. The major responsibilities of a treasurer include supervising the organization's financial management, reviewing policies and financial reporting, advising the board on financial strategy, and providing fundraising advice. A treasurer, often known as a financial controller, is responsible for supervising all financial activities and fundraising attempts made by an organizing committee. Their main responsibilities include managing incoming and outgoing funds, maintaining records, and establishing the budget.A controller, not a treasurer, would normally be in charge of supervising accounting and tax functions.To learn more about treasurer refer to:
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With regard to business definition, railroads may have lost business because they:
Answers
With regard to business definition, railroads may have lost business because they defined their business too narrowly.
Railways are a safe land transport system whilst in comparison to different kinds of shipping. Railway transport is capable of excessive stages of passenger and load usage and strength performance however are frequently less flexible and more capital-intensive than avenue delivery when decreased site visitor levels are taken into consideration.
The Railroad become the first advanced in top-notch Britain. a person named George Stephenson efficaciously implemented the steam technology of the day and created the world's first hit locomotive.
The primary engines used in the United States of America had been bought from Stephenson Works in England.
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Explain why most countries have mixed economies
[6]
this is an igcse economics question btw~
Answers
Answer:
A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.
Explanation:
What accounting book should a merchandising business use to show a payment and transaction history for each customer who bought items
with credit?
When a company has customers who buy units of merchandise on credit, its accountant will post entries in the ____
Answers
Answer:
Accounts receivable subsidiary ledger.
Explanation:
Answer: accounts receivable subsidiary ledger
Explanation:Specialized journals are useful when posting entries for frequent business transactions. For example, a cash receipt journal captures cash transactions. This is different from an accounts receivable subsidiary ledger, which shows a payment and transaction history for each customer who bought items with credit
Why does the quantity supplied of stock go up when prices go up? A. Companies want to issue more stock when prices are high B. So Supply will match Demand C. More current owners are willing to sell their shares at a high price D. More expensive stocks make better investments
Answers
Answer:
I think its A
Explanation: