The following information is taken from the 2022 general ledger of Sunland Company. Rent Rent expense $ 29,000 Prepaid rent, January 1 6,100 Prepaid rent, December 31 8,700 Salaries Salaries and wages expense $ 65,400 Salaries and wages payable, January 1 3,900 Salaries and wages payable, December 31 8,200 Sales Sales revenue $159,400 Accounts receivable, January 1 19,100 Accounts receivable, December 31 7,900
In each case, compute the amount that should be reported in the operating activities section of the statement of cash flows under the direct method.
Cash payments for rent $
Cash payments for salaries $
Cash receipts from customers $
Answers: 1
Business, 20.06.2019 18:04
Maia wants to have a career in quality assurance. which best lists the qualifications she may need to succeed in this career? a.knowledge of cad, mechanical and electrical knowledge, and logic b.ability to use lab equipment, operate computers, and examine evidence c.financial skills, dependability, and dexterity for physical labor d.math skills, physical strength, and ability to use tools and machinery
Answers: 2
Business, 22.06.2019 06:20
About time delivery co. incurred the following costs related to trucks and vans used in operating its delivery service: classify each of the costs as a capital expenditure or a revenue expenditure. 1. changed the oil and greased the joints of all the trucks and vans. 2. changed the radiator fluid on a truck that had been in service for the past four years. 3. installed a hydraulic lift to a van. 4. installed security systems on four of the newer trucks. 5. overhaul the engine on one of the trucks purchased three years ago. 6. rebuilt the transmission on one of the vans that had been driven 40,000 miles. the van was no longer under warranty. 7. removed a two-way radio from one of the trucks and installed a new radio with a greater range of communication. 8. repaired a flat tire on one of the vans. 9. replaced a truck's suspension system with a new suspension system that allows for the delivery of heavier loads. 10. tinted the back and side windows of one of the vans to discourage theft of contents.
Answers: 1
Business, 22.06.2019 18:00
Abbington company has a manufacturing facility in brooklyn that manufactures robotic equipment for the auto industry. for year 1, abbingtonabbington collected the following information from its main production line: actual quantity purchased-200 units, actual quantity used-110 units, units standard quantity-100 units, actual price paid-$8 per unit, standard price-$10 per unit. atlantic isolates price variances at the time of purchase. what is the materials price variance for year 1? 1. $400 favorable. 2. $400 unfavorable. 3. $220 favorable. 4. $220 unfavorable.
Answers: 2
Business, 22.06.2019 19:50
Which of the following would create the most money? the initial deposit is $6,500 and the required reserve ratio is 20 percent. the initial deposit is $3,000 and the required reserve ratio is 10 percent. the initial deposit is $7,500 and the required reserve ratio is 25 percent. the initial deposit is $4,500 and the required reserve ratio is 15 percent.
Answers: 1
The following information is taken from the 2022 general ledger of Sunland Company. Rent Rent expens...
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