Which of the following reasons is NOT considered acceptable when examining the decrease in accounts receivable on the cash flow statement?
More customers have failed to pay off their accounts compared to prior year. | ||
The company is collecting its accounting receivable faster. | ||
The company hired an employee dedicated to monitoring accounts receivable. | ||
Sales revenue decreased. |
In: Accounting
The bat man in toys store is supplied by the equation P=5Q. Market demand is given equation by P=16-3Q. What is the total revenue for the toys market? If the price of the bat man increase to 15 per one, how much surplus or shortage will exist? How much will the line shift in order to get equilibrium?
In: Economics
A company sells 100 computers for $300 each on account to a customer. The computer cost the company $125 each. The company recorded the revenue and cost of goods sold. The company allows customers a right of return which they estimate to be 2% of sales. Using the Financial Statement effects template, how should the company record the estimated returns?
In: Accounting
The adjusted trial balance of Wilder Company at December 31,2017,includes the following accounts:
| Owner's Capital | $15,600 |
| Owner's Drawings | 7,000 |
| Service Revenue | 39,000 |
| Salaries & Wages Expense | 16,000 |
| Insurance Expense | 2,000 |
| Rent Expense | 4,000 |
| Supplies Expense | 1,500 |
| Depreciation Expense | 1,300 |
Prepare an income statement for the Year
In: Accounting
A profit maximizing firm in a competitive market is currently producing 100 units of output. It has average revenue of $10, average total costs of $8, and a fixed costs of $200.
In: Economics
Indicate which of the following items will result in cash inflows and which will result in cash outflows. The first one is shown as an example.
Item
a. Initial investment
b. Salvage value
c. Recovery oif working capital
d. Incremental expenses
e. Working capital commitments
f. Cost savings
g. Incremental revenue
In: Accounting
1)A listing of the balances of all assets, liabilities, and owner's equity accounts is called a compound entry. general journal. trial balance. chart of accounts. B )Adjusting entries are needed to ensure that revenue is recorded when ___ and expenses are recorded when ___. collected, incurred the service is provided , paid collected, paid the service is provided, incurred
In: Accounting
A. Explain in detail why a firm maximizes its profit by producing the level of output at which marginal revenue equals marginal cost. B. Explain in detail how mutual interdependence impacts oligopoly markets. C. Explain in detail how managers make use of Lock-in market power to increase market share for the firm.
In: Economics
The following are extracts from an income statement for the year ended 30th June 2018:
|
$ |
|
|
Sales revenue |
12,000 |
|
Cost of sales |
6,500 |
|
Administrative expenses |
2,000 |
|
Interest received |
50 |
|
Interest paid |
200 |
|
Advertising expenses |
550 |
|
Taxation (30%) |
840 |
|
Dividends paid to shareholders |
960 |
What is profit before tax?
In: Accounting
Consider the market for coffee in Claremont.
QD = 105 – 4P
QS = 75 + 2P
In: Economics