Ironhorse Tools has used $700,000 from its total annual earnings of $1,650,000 to invest in upgrading its manufacturing facilities. Its accounts receivable from customers is estimated to be $130,000 and accounts payable $75,000. In monetary terms, what would Ironhorse's resource flows be?
A. $700,000
B. $130,000
C. $1,650,000
D. $75,000
Answer: A
You might also like to view...
In a partnership, the entry to close net income ________.
A) increases assets B) increases liabilities C) decreases partners' capital accounts D) decreases the Income Summary account
Discuss the purpose of handouts for a presentation
Nature's Products, Inc, sends its standard order form to Omni Distribution Corporation to evidence a sale of packing materials. Omni responds with its own standard purchase order form. Additional terms in the purchase order automatically become part of the contract unless
a. the terms materially alter the original contract. b. the original offer expressly required acceptance of its terms. c. the offeror objects to the new terms within a reasonable time. d. any of the choices.
A mere reference in an instrument to another writing makes the promise or order conditional.
Answer the following statement true (T) or false (F)