Business, 15.02.2020 01:21 bri6517

During Year 1, Pang Enterprises experienced the following events.
(1) Earned $4,000 of revenue on account.
(2) Collected $3,500 cash from accounts receivable.
The remainder of the receivable was collected in Year 2. Based on this information, the amount of accounts receivable, net income, and cash flow from operating activities appearing on the Year 2 financial statements is

A/Accounts Receivable Net Income Cash flow from Operating Activities
$500 $4,000 $500
B. Accounts Receivable Net Income Cash flow from Operating Activities
Zero zero $500
C. Accounts Receivable Net Income Cash flow from Operating Activities
Zero $500 $500
D. Accounts Receivable Net Income Cash flow from Operating Activities
$500 $500 $500

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 14:10

What sources about ecuador should you consult to obtain cultural information about this country that will need to be included in your cultural map?

Answers: 2

Answer

Business, 22.06.2019 20:20

Xinhong company is considering replacing one of its manufacturing machines. the machine has a book value of $39,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. it has a current market value of $49,000. variable manufacturing costs are $33,300 per year for this machine. information on two alternative replacement machines follows. alternative a alternative b cost $ 115,000 $ 117,000 variable manufacturing costs per year 22,900 10,100 1. calculate the total change in net income if alternative a and b is adopted. 2. should xinhong keep or replace its manufacturing machine

Answers: 1

Answer

Business, 22.06.2019 22:00

He interest rate effect is the change in real gdp caused by the federal reserve adjusting target interest rates. is the change in consumer and investment spending due to changes in interest rates resulting from changes in the aggregate price level. is the change in exports and imports, resulting from changes in the interest rate caused by changes in the aggregate price level. is the change in investment spending and government purchases caused by changes in money demand. is the change in interest rates, caused by changes to government purchases.

Answers: 2

Answer

Business, 22.06.2019 22:30

Schuepfer inc. bases its selling and administrative expense budget on budgeted unit sales. the sales budget shows 1,800 units are planned to be sold in march. the variable selling and administrative expense is $4.30 per unit. the budgeted fixed selling and administrative expense is $35,620 per month, which includes depreciation of $2,700 per month. the remainder of the fixed selling and administrative expense represents current cash flows. the cash disbursements for selling and administrative expenses on the march selling and administrative expense budget should be:

Answers: 1

Answer

You know the right answer?

During Year 1, Pang Enterprises experienced the following events.
(1) Earned $4,000 of revenue...

Questions