The importance of sustainability is growing ______.
A. despite lack of enthusiasm and support from companies
B. due to regulatory mandates by the government
C. although consumers are not interested
D. because of ISO requirements
B. due to regulatory mandates by the government
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The following Income Statement and Operating Cash Flow information pertain to Receivership Inc.'s operations for the year ended December 31, 2018.Income statement for the year ended December 31, 2018Revenues 1,328 Cost of goods sold 587 Rent expenses 152 Wages expenses 136 Insurance expenses 53 Other SG&A (includes depreciation expenses) 198 Interest expenses 30 Gain on sale of asset (5) 1,151 Income before tax 177 Tax 62 Net income 115 Cash flow provided by operating activities(indirect method), for the year ended December 31, 2018Net income 115 Depreciation 32 Gain on sale of
asset (5) 142 Increases/decreases in Accounts receivable 26 Inventories (35) Prepaid rent 13 Accounts payable 28 Wages payable (20) Tax payable 5 Interest payable (2) Advances from customers (3) Other accrued SG&A 5 17 Net cash provided by operating activities 159 Required: Prepare the net cash flow from operating activities section of the cash flow statement using the direct method. What will be an ideal response?
Supplies originally cost $500, but only $50 worth of supplies remain on hand at the end of the month. The adjusting entry would be
a. debit Supplies Expense, $50; credit Supplies, $50; b. debit Supplies Expense, $450; credit Supplies, $450; c. debit Supplies, $50; credit Supplies Expense, $50; d. debit Supplies, $450; credit Supplies Expense, $450; e. none of these
Marketers classify products based on where and how consumers buy the products
Indicate whether the statement is true or false
The supplier offers the Krewe of Orpheus a deal; if they will buy at least 50,000 at a time, they will pay only 4.9 cents each, and if they buy at least 100,000 at a time, they will pay only 4.8 cents each. What is the total cost of the optimal order quan
The Krewe of Orpheus maintains a supply of swizzle sticks for events throughout the year. Demand for swizzle sticks is shockingly low, a quick check of krewe records from last year reveals that they used only 585,000, but the krewe president believes that they should be good stewards of what they have, so they seek to manage this inventory using the EOQ policy, although they prefer to refer to it as an EOKrewe policy for obvious reasons. Swizzle sticks are not expensive items, they cost a nickel apiece largely due to the club logo printed on each one. This also serves to increase the lead time as they can't be obtained from a standard restaurant supply house. Instead, they must be ordered with an eye towards the six day lead time. It costs $15 to place an order, most of this cost is a result of explaining the meaning of "Laissez les bons temps rouler" and why it should be printed on the edge of each swizzle stick. Holding cost is 20% of purchase price. A) $29,668.93 B) $28,822.32 C) $28,647.75 D) $29,085.50