User Account

All Pages

What cash payments for merchandise total

Assignment Help Accounting Basics
Reference no: EM132807028

Problem 1: The cost of merchandise sold during the year was $45,000. Merchandise inventories were $13,500 and $10,500 at the beginning and end of the year, respectively. Accounts payable were $7,000 and $5,000 at the beginning and end of the year, respectively. Using the direct method of reporting cash flows from operating activities, cash payments for merchandise total

a. $40,000

b. $44,000

c. $46,000

d. $50,000

Reference no: EM132807028

Questions Cloud

Calculate the monthly mortgage payment made at the beginning : Calculate the monthly mortgage payment made at the beginning of each month on a $196,000 mortgage. The mortgage is for fifteen years
Calculate the proportion of students consume : Understand various qualitative and quantitative research methodologies and techniques and Explain how statistical techniques can solve business problems
What is the current market price of bonds : What is the yield to call (YTC) on a bond with maturity of 15 years, 7.0% semiannual coupon, par value of $1,000, and callable in 8 years
What is the earnings per share on common stocks : Net Income is P 115,000.00 and interest expense is P30,000.00 for 2011. What is the Earnings per share on common stocks for 2011
What cash payments for merchandise total : The cost of merchandise sold during the year. Using the direct method of reporting cash flows from operating activities, cash payments for merchandise total
Analysis of Hawthorne Study : Describe how the components of the Hawthorne study are incorporated in current human resource functions.
What are the potential solutions for the problem : What are the potential solutions for the problem? How can you present the solution(s) in a fair way to your audience, respecting their perspective(s)?
What amount should be reported as an investing activity : The gain on the sale was reported on the income statement as other income. On statement of cash flows, what amount should be reported as an investing activity.
Describe a specific conflict you have been involved : Identify and describe a specific conflict you have been involved in this year that relates to your profession. Based on the course content and your research.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd