Revenue on account amounted to $6400. Cash collections of accounts receivable amounted to $6100. Cash paid for operating expenses was $4200. The amount of employee salaries accrued at the end of the year was $2000. What was the net cash flow from operating activities?
A. $8000
B. $2000
C. $2200
D. $1900
Answer: D
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Carriveau Corporation has two divisions: Consumer Division and Business Division. The following data are for the most recent operating period: Consumer DivisionBusiness Division Sales$331,000$245,000 Variable expenses$102,610$58,800 Traceable fixed expenses$149,000$139,000 The company's common fixed expenses total $63,360.The Business Division's break-even sales is closest to: (Round your intermediate calculations to 2 decimal places.)
A. $182,895 B. $266,263 C. $488,153 D. $218,355
The mode of transportation which is the most versatile in terms of shipping products door to door is
A) trucks. B) rail. C) air. D) maritime shipping.
In one lawsuit in the early______, a financial institution became insolvent because defects in a purchased software application caused errors in several of its systems
a. 1990s b. 1980s c. 1970s d. 1960s
Indicate how each event affects the elements of financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter amounts. Enter only one letter for each element.Increase = IDecrease = DNo Effect = NGulfshore Oil Company recognized $2,000,000 of depletion expense related to an oil reserve. How does this entry affect Gulfshore's financial statements?AssetsLiabilitiesEquityRevenuesExpensesNetIncomeCash Flow? ?????
What will be an ideal response?