Cambridge Corporation just completed its fiscal year ended February 28, 2021. The accounts receivable balance was $30,000 at the beginning of the year and $35,000 at the end of the year. Accounts payable was $52,000 at the beginning of the year and $44,000 at the end of the year. Depreciation expense totaled $45,000 and dividends of $50,000 were paid during the year. Net income was $170,000. What is the amount of cash provided by operating activities? Enter as a whole number (no cents).

Opportunity costs refer to the benefits or value that could have been gained from choosing an alternative option when making a decision. It represents the value of the next best alternative that is forgone or sacrificed when making a choice.

When faced with multiple options or alternatives, choosing one option often means giving up the potential benefits or opportunities associated with the other options. The opportunity cost is the value of those foregone benefits.

For example, let's say you have two investment options: Option A, which offers a potential return of 8%, and Option B, which offers a potential return of 6%. If you choose Option A, the opportunity cost would be the 2% potential return that you could have gained from Option B.

Opportunity costs are not always financial in nature. They can also include non-financial factors such as time, resources, personal preferences, or other opportunities. It is important to consider opportunity costs when making decisions, as they help assess the true trade-offs involved and evaluate the potential benefits and drawbacks of each alternative.

By recognizing and considering opportunity costs, decision-makers can make more informed choices and allocate resources effectively to maximize value or benefits.

Learn more about Opportunity here:

https://brainly.com/question/29341508

#SPJ11

A. True Once a taxpayer has elected to use the LIFO (Last-In, First-Out) inventory method, it becomes a part of their accounting method. As a result, any changes to this method must be approved by the IRS.

This is because changing inventory methods can potentially have a significant impact on a taxpayer's tax liability. For example, changing from LIFO to FIFO (First-In, First-Out) could result in a lower cost of goods sold and higher profits, which would increase the taxpayer's tax liability.To change inventory methods, a taxpayer must submit a request to the IRS and provide a detailed explanation of why the change is necessary. The IRS will then review the request and may require additional information or documentation before granting approval. It is important for taxpayers to be aware of the rules and requirements surrounding inventory methods and to work with a qualified tax professional to ensure compliance with IRS regulations.

Learn more about inventory method, here :-

https://brainly.com/question/17097250

#SPJ11

Innovators are eager to try new ideas and products, almost as an obsession because they are well educated, they are more likely to get their information from scientific sources and experts.

Innovators are risk-taking customers and they seek changes. They are the first to buy a new product. Innovators try the product in the initial introduction phase of its life cycle before any other customer buys.

Innovators have high-risk tolerance that allows them to take risks on new technologies or products that may fail eventually. But their high financial liquidity helps them in absorbing these failures. Innovators are the first set of customers in the adopter categories as a part of the diffusion of innovation theory.

They are followed by early adopters, early majority, late majority and then laggards at the end.

Learn more about innovators, here:

https://brainly.com/question/20599024

#SPJ1

Assuming a linear trend, the statement that the price of a widget dropped from $566 to $200 over six years can be evaluated as true because, in a linear trend, the relationship between time and price follows a straight line.

To determine the annual decrease in price, we can calculate the average rate of change. The formula for the average rate of change is (final value - initial value) / number of years.

Using this formula, the average rate of change in price per year can be calculated as (200 - 566) / 6 = -61. Therefore, the price of the widget is decreasing by approximately $61 per year.

Based on this information, it can be inferred that the price of the widget has been declining steadily over the six-year period, resulting in a decrease from $566 to $200. This linear trend suggests a consistent decrease in price over time.

In conclusion, according to the given information and assuming a linear trend, the statement that the price of the widget dropped from $566 to $200 over six years is true.

To know more about linear trend refer here:

https://brainly.com/question/23132321#

#SPJ11

Answer:

Buyers try to minimize what they spend by buying at the lowest price and not purchasing if the price is too high. Because of this we have the law of demand in which quantity demanded decreases as price increases. On the other hand, sellers try to maximize their earnings by increasing quantity supplied as high as price allows (the law of supply states that as price increases, so does quantity supplied). The price in which the two parties compromise is the market clearance price.

Now lets look at the price of bubble gum, an elastic good. When sellers list this product at a higher price they are more willing to supply more products to their buyers. Buyers however will respond to an increase in price with a decrease of bubble gum purchases. These two counteracting parties set a limit on the price of gum and the quantity supplied. This illustrates the concept of the invisible hand driving the market to find the clearance price, or equilibrium, of bubblegum.

Answer:

B.) It grows savings at a faster pace.

Explanation:

True. Liquidity ratios are a class of financial ratios that measure a company's ability to pay its short-term obligations as they come due.

These ratios indicate how quickly a firm can convert its assets into cash to meet its current liabilities. Some common liquidity ratios include the current ratio, the quick ratio, and the cash ratio. A high liquidity ratio is a sign of a financially healthy company, as it suggests that the firm has sufficient cash or easily convertible assets to pay its bills as they come due. On the other hand, a low liquidity ratio may indicate that a company may struggle to meet its short-term obligations and may be at risk of default.

Therefore, liquidity ratios are an important tool for both investors and lenders to assess the financial health and stability of a company, and to make informed investment and lending decisions.

To learn more about Liquidity ratios please click on below link.

https://brainly.com/question/14955008

#SPJ4

The rate of return required to have $100,000 in 10 years with an annual savings of $5,000 starting today is 11.43%.

The compound interest is the computed interest on an investment's principal plus all previously accumulated interests.

The rate for the compound interest can be computed using an online finance calculator as follows:

Data and Calculations:

N (# of periods) = 10

I/Y (Interest per year) = 11.43%

PV (Present Value) = $5,000

PMT (Periodic Payment) = $5,000

Results:

FV = $100,117.84

Interest per year = 11.43%

Sum of all periodic payments = $50,000 ($5,000 x 10 years)
Initial deposit = $5,000

Total Interest $45,117.84

Thus, the rate of return required to have $100,000 in 10 years with an annual savings of $5,000 starting today is 11.43%.

Learn more about determining compound interest rate at https://brainly.com/question/24576997 and https://brainly.com/question/25805668

Answer:

Dentist is an occupation related to dental/tooth disease.

Explanation:

It is an occupation related to dentistry which is in the field of health.

The average collection period for T. P. Jarmon Company is 43.6 days (rounded to one decimal place).

What is Collection Period?

Collection period, also known as days sales outstanding (DSO), is a financial metric that measures the average number of days it takes a company to collect its accounts receivable balance from its customers. It is a measure of the efficiency of a company's credit and collections policies.

From the income statement, we know that the company's sales for the year just ended were $599,900. We can calculate the average accounts receivable balance using the two most recent balance sheets provided by the company:

Average Accounts Receivable = (Accounts Receivable at Beginning of Year + Accounts Receivable at End of Year) / 2

Balance Sheet as of December 31, 20X2:

Accounts Receivable = $74,900

Balance Sheet as of December 31, 20X1:

Accounts Receivable = $68,300

Average Accounts Receivable = ($68,300 + $74,900) / 2 = $71,600

Accounts Receivable Turnover Ratio = $599,900 / $71,600 = 8.3868

Next, we can calculate the average collection period:

Average Collection Period = 365 days / Accounts Receivable Turnover Ratio

Average Collection Period = 365 days / 8.3868 = 43.55 days

Learn more about Collection Period from the given link

https://brainly.com/question/16008873

#SPJ1

Answer:

A business email is meant in a professional way. It can be sought out as multiple different approaches, one of them, in this case, can include a friendly and welcoming business approach, including a salutation. All in all, it is up to the writer, there is no fully correct answer. Hope this helps :)

A party can be discharged from a contract by impossibility of performance, breach of contract, rescission, frustration of purpose, operation of law and illegality.

1. Performance: The parties fulfill all the terms and conditions of the contract, and the contract comes to an end. A party is discharged from a contract when they have fully performed their contractual obligations.
2. Mutual agreement: Both parties agree to end the contract by mutual consent. Both parties may mutually agree to terminate the contract, thereby discharging their obligations.
3. Impossibility of performance: The performance of the contract becomes impossible due to unforeseeable events, such as war, natural disasters, or death of the parties involved.
4. Breach of contract: A party breaches the contract, and the non-breaching party can choose to terminate the contract.  If one party breaches the contract, the other party can be discharged from their obligations.
5. Rescission: One party can request the court to rescind or cancel the contract due to misrepresentation, fraud, or mistake.
6. Frustration of purpose: The objective of the contract becomes meaningless due to unforeseeable events, such as a change in law or regulation.
7. Operation of law: The contract becomes illegal due to a change in the law, or the contract is declared void by the court. A party can be discharged by operation of law, such as bankruptcy, which makes it impossible for the party to fulfill their contractual obligations.
8.  Illegality: If the subject matter of the contract becomes illegal or the contract itself is found to be against public policy, a party can be discharged from the contract.

By understanding these eight ways, you can better navigate the circumstances that may lead to a party being discharged from their contractual obligations.

Learn more about mutual agreement here: https://brainly.com/question/29794645

#SPJ11

To calculate the contributed capital of CFAS Company as of December 31, 2022, we need to sum up the preference share capital.

ordinary share capital, share premium-preference shares, and share premium ordinary shares.

Contributed capital = Preference share capital + Ordinary share capital + Share premium-preference shares + Share premium ordinary shares

Contributed capital = P5,000,000 + P3,200,000 + P2,000,000 + P421,076

Please note that the currensymcy bol "P" indicates the currency used in the values provided.

Effective management is crucial for the success and sustainability of organizations in both the private and public sectors. Good management practices can enhance productivity, employee satisfaction, and organizational performance, while poor management can lead to inefficiency, conflict, and suboptimal outcomes.

Learn more about Company here:

https://brainly.com/question/30532251

#SPJ11

Answer:

they didn't have a first aid kit

Explanation:

a first aid kit is a very inport must have

Company providing janitorial services; For each of following businesses, indicate whether it'd be more probable to use process costing or job costing.

Job order costing can be used by enterprises as in white-collar sector of the economy, such as law firms, accounting firms, and private investment firms, to handle specific client accounts. For instance, accounting firms may view every client as a separate task.

Response and justification A medical clinic, option A, is the correct response. Given that it provides its clients with specialized and one-of-a-kind services, a health care clinic is most likely to adopt a job-order costing system.

To know more about janitorial services Visit:

https://brainly.com/question/28566565

#SPJ1

a) The sample proportion of individuals who said "they did not eat breakfast" is obtained by dividing the number of students who skipped breakfast by the total number of students sampled. From the given information, the number of students who skipped breakfast is not provided. Without this information, it is not possible to calculate the sample proportion.

b) The population parameter in this context would be the proportion of all GMU students who utilize the food delivery robots and skip breakfast.

c) The null and alternative hypotheses can be stated as follows:

Null Hypothesis (H0): The proportion of GMU students who utilize the food delivery robots and skip breakfast is equal to or greater than 80%.

Alternative Hypothesis (Ha): The proportion of GMU students who utilize the food delivery robots and skip breakfast is less than 80%.

d) The significance level for this problem is given as α = 0.05, indicating a 5% level of significance.

e) The three conditions required to use the one-proportion z-test are:

1. Randomization: It is stated that the data were collected from a random sample of Mason students who utilize the robot food delivery service.

2. Independence: It is assumed that the students' responses are independent of each other.

3. Success-Failure Condition: To use the normal approximation, both the number of successes (students who skipped breakfast) and failures (students who ate breakfast) should be at least 10. Without the number of students who skipped breakfast, it is not possible to verify this condition.

f) Without the necessary data to calculate the number of students who skipped breakfast, it is not possible to calculate the test statistic "by-hand."

g) Without the necessary data, it is not possible to calculate the p-value.

h) Without the necessary data, it is not possible to make a decision on rejecting or not rejecting the null hypothesis.

i) Without the necessary data, it is not possible to provide a conclusion or interpret the results.

j) Since the necessary data is not provided, it is not possible to use StatCrunch or any statistical software to verify the test statistic and p-value.

To know more about proportion, click here https://brainly.com/question/29912751

#SPJ11

The share options granted by SunSun Bhd to its employees in 2021 should be recognized as an expense based on their fair value. This is in accordance with the conceptual framework, as the options meet the definition of expenses and reflect a cost incurred by the entity.

The accounting treatment of the share options for the year ended 31 December 2021 should be evaluated based on the relevant accounting standards and conceptual framework.

In this case, the options were granted to employees as a form of compensation, and their fair value was determined to be RM1.5 per option.

The options will vest if the employees are still employed on 31 December 2023.

Under the conceptual framework, expenses are defined as decreases in economic benefits during the accounting period that result in a decrease in equity, other than those relating to distributions to equity holders.

Compensation expense is a common type of expense, and share options granted to employees are a form of compensation.

Considering that the fair value of the options granted is RM1.5 per option and the share price on 31 December 2021 is RM2, it indicates that there is an intrinsic value in the share options at the end of the year.

Therefore, it would be appropriate to recognize an expense for the options granted during the year ended 31 December 2021.

Furthermore, the fact that ten employees left during the year suggests that the entity has already incurred a cost related to the share options, as those options were granted but will not vest due to employee departures.

This reinforces the need for recognition of an expense in accordance with the principle of matching costs with revenues or benefits.

In conclusion, the accounting treatment of the share options for the year ended 31 December 2021 should involve recognizing an expense based on the fair value of the options granted, as it meets the definition of an expense in accordance with the conceptual framework.

To know more about conceptual framework refer here:

https://brainly.com/question/32634511#

#SPJ11

The correct answer Finance and Budgeting statement issued a $1,000 security Granted tax incentives  improvements - impressed with business plan, Mr. Doyle provided $75,000 secured $100,000 from sale of stock.

An interest-bearing fixed-income corporate debt asset known as a convertible bond has the option of being converted into a certain number of shares of common stock or equity. During the bond's term, the conversion from bond to stock is possible at specific times and is often at the bondholder's option. A convertible bond's price is particularly sensitive to changes in interest rates, the value of the underlying stock, and the issuer's credit rating because it is a hybrid product. For businesses, convertible bonds offer flexible funding options. A convertible bond gives investors access to a hybrid instrument that includes the benefits of both a bond and a stock, including interest payments. The number of shares of stock you may obtain by converting one bond in this bond depends on its conversion ratio. A 5:1 conversion ratio, for instance, indicates that one bond would equal five shares of common stock.

To know more about convertible bond, visit:

brainly.com/question/30101922

#SPJ1

Using the average-cost method, the amount allocated to the ending inventory on June 30 is 660Explanation:To calculate the allocation of ending inventory on June 30th.

using the average-cost method, we need to calculate the total cost of purchases for the period first. Then we divide the total cost of purchases by the total number of units to arrive at the cost per unit. This cost per unit is then multiplied by the number of units in the ending inventory to arrive at the amount allocated to the ending inventory on June 30th.

Total cost of purchases:400 + 570 + 640 + 700 = 2310Total number of units:190 + 190 + 190 + 200 = 770Cost per unit:2310/770 = 3 per unit Amount allocated to the ending inventory on June 30th:3 x 200 units = 660Therefore, using the average-cost method, the amount allocated to the ending inventory on June 30th is 660.

To know more about average-cost visit:

https://brainly.com/question/14415150

#SPJ11

The journal entry to record each semiannual interest payment is Debit Bond Interest Expense $20,000; credit Cash $20,000

A company issued 8%, 15-year bonds with a par value of $500,000 that pay interest semiannually.

so, Face value = $500,000

Coupon Rate = 8% annually

Coupon rate = 8% / 2 = 4% semiannually

Semiannual payment of interest = Face value x Coupon rate

Semiannual payment of interest = $500,000 x 4%

Semiannual payment of interest = $20,000

Interest expense is a non-operating expense shown on the income statement. It represents interest payable on any borrowings—bonds, loans, convertible debt or lines of credit.

To know more about bonds

https://brainly.com/question/15848223

#SPJ4

Answer:

15

Explanation:

900/60=15

15 times is the stock turnover. The stock turnover rate is a common measure of stock performance. This rate represents the number of times a company's stock is 'turned over,' or replaced, in a given year.

In essence, inventory turnover is your annual inventory average. It shows how many times your company sold and replaced inventory over a given time period. This figure is significant because it allows companies to plan their financial future.

Given

Sales = 900 units

Average Inventory = 60 units

Required to calculate Stock turnover =?

Stock Turnover = Sales / Average Inventory

                          = 900 / 60 = 15 times

Thus, the stock turnover is 15 times for a stock that has sales of 900 units and an average of 60 units in inventory.

Learn more about the stock turnover here:

https://brainly.com/question/14884882

#SPJ2

A boosted post helps an adviser to connect with the audience and gain trust.

Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.

Learn more about Communication at:

brainly.com/question/25645043

#SPJ4

Answer:

A. decreasing the interest rates on loans charged to car companies

The best candidate to train for the DBA position at JC Consulting would be an employee with a computer information systems background and excellent written skills (option b).

A background in computer information systems provides a solid foundation in the required technical skills, and excellent written skills ensure clear communication of complex database concepts.This is because a DBA is responsible for managing, securing, and maintaining the company's databases, which requires technical knowledge and expertise in handling data.

Additionally, written communication skills are essential for documenting procedures, creating reports, and communicating with stakeholders. While the other options have valuable skills, they are not as relevant to the responsibilities of a DBA.

To know more about Human Resources visit-

https://brainly.com/question/30999753

#SPJ11

The two types of decisions that are relevant to supply chain management are: A. Short, long term.

Explanation: Supply chain management involves the coordination and optimization of various activities, processes, and resources to ensure the smooth flow of products or services from the point of origin to the point of consumption. Within this framework, two types of decisions play a crucial role: short-term decisions and long-term decisions. Short-term decisions are concerned with immediate operational considerations, such as inventory management, order fulfillment, transportation scheduling, and demand forecasting. These decisions focus on day-to-day operations and are aimed at maximizing efficiency and meeting customer demands in the short run. On the other hand, long-term decisions involve strategic planning and encompass broader aspects, such as network design, facility location, supplier selection, and technology adoption. These decisions have a longer time horizon and are aimed at optimizing the overall supply chain performance and adapting to changing market dynamics in the long run. Both short-term and long-term decisions are essential for effective supply chain management, addressing different time horizons and strategic objectives.

To learn more about supply chain management, click here,

brainly.com/question/18793688

#SPJ11

Answer:

conspicuous consumption