General Business Questions and Answers

In retail, how does price effect volume? Are there any studies to back up your answers?

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Answers: the study you want is the growth of Wal-Mart from nowhere 60 years ago to first in market share.

Accounting minister to please?

Please help me beside this problem, thanks
The network income reported on the income statement for the current year was $250,000. Depreciation record on fixed assets and amortization of patents for the year be $40,000 and $9,000, respectively. Balances of current asset and current liability accounts at the end and at the foundation of the year are as follows:


End
Beginning

Cash
$ 50,000
$ 60,000

Accounts receivable
112,000
108,000

Inventories
105,000
93,000

Prepaid expenses
4,500
6,500

Accounts payable (merchandise creditors)
75,000
89,000



What is the amount of cash flows from operating deeds reported on the statement of cash flows prepared by the indirect method?
$271,000
$279,000
$327,000
$256,000

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Answers: Cash flows from operating events

Profit before taxation 250,000
Adjustments for:
Depreciation 40,000
Amortization 9,000
Subtotal $299,000
Increase within trade receivables (4,000)
Increase in inventories (12,000)
Decrease within prepaid expenses 2,000
Decrease in trade payables (14,000)
Cash generate from operations 271,000
Interest remunerated 0
Income taxes paid 0

Net currency from operating activities 271,000

Accounting Help please?

Please help me out
The following preferred account balance appeared on the financial statements of the Franklin Company:

Accounts Receivable, Jan. 1
$13,000

Accounts Receivable, Dec. 31
9,000

Accounts Payable, Jan 1
4,000

Accounts payable Dec. 31
7,000

Merchandise Inventory, Jan 1
10,000

Merchandise Inventory, Dec 31
15,000

Sales
56,000

Cost of Goods Sold
31,000



The Franklin Company uses the direct method to calculate network cash flow from operating goings-on. Cash collections from customers are ________.
$56,000
$52,000
$60,000
$45,000

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Answers: Beginning Accounts Receivable $13,000
add Sales $56,000
smaller number receipts from customers (?)
= Ending AR $9,000

From this you can work out receipts from customers to be $60,000