![subject](/tpl/images/cats/ekonomika.png)
Supplies and the financial statements model Pizza Express Inc. began the 2016 accounting period with $2,500 cash, $1,400 of common stock, and $1,100 of retained earnings. Pizza Express was affected by the following accounting events during 2016:
1. Purchased $3,600 of supplies on account.
2. Earned and collected $12,300 of cash revenue.
3. Paid $2,700 cash on accounts payable.
4. Adjusted the records to reflect the use of supplies. A physical count indicated that $250 of supplies was still on hand on December 31, 2016.
Required:
a. Show the effects of the events on the financial statements using a horizontal statements model.
b. Explain the difference between the amount of net income and amount of net cash flow from operating activities.
![ansver](/tpl/images/cats/User.png)
Answers: 1
![](/tpl/images/ask_question.png)
![](/tpl/images/ask_question_mob.png)
Other questions on the subject: Business
![image](/tpl/images/cats/ekonomika.png)
Business, 21.06.2019 19:20, lukeperry
Astock with a beta of 0.6 has an expected rate of return of 13%. if the market return this year turns out to be 10 percentage points below expectations, what is your best guess as to the rate of return on the stock? (do not round intermediate calculations. enter your answer as a percent rounded to 1 decimal place.)
Answers: 2
![image](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 12:40, abilovessoftball
Which of the following tasks would be a line cook's main responsibility? oa. frying french fries ob. chopping onions oc. taking inventory of stocked dry goods od. paying invoices
Answers: 2
![image](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 18:30, spazzinchicago
Health insurance protects you if you experience any of the following except: a: if you have to be hospitalized b: if you damage someone's property c: if you need to visit a clinic d: if you can't work because of illness
Answers: 2
![image](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 20:00, princesincer9256
The master manufacturing company has just announced a tender offer for its own common stock. master is offering to buy up to 100% of the company's stock at $20 per share contingent on at least 64% of the outstanding shares being tendered. after the announcement of the offer, the stock closed on the nyse up 2.50 at $18.75. a customer has 100 shares of master stock in his cash account. the customer tells you that he wishes to "cash out" his position. you should recommend that the customer:
Answers: 2
You know the right answer?
Supplies and the financial statements model Pizza Express Inc. began the 2016 accounting period with...
Questions in other subjects:
![Konu](/tpl/images/cats/mat.png)
Mathematics, 20.05.2021 08:00
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/mat.png)
Mathematics, 20.05.2021 08:00
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/mat.png)
Mathematics, 20.05.2021 08:00
![Konu](/tpl/images/cats/informatica.png)
Computers and Technology, 20.05.2021 08:00
![Konu](/tpl/images/cats/istoriya.png)
![Konu](/tpl/images/cats/es.png)
![Konu](/tpl/images/cats/es.png)
Spanish, 20.05.2021 08:00
![Konu](/tpl/images/cats/mat.png)
Mathematics, 20.05.2021 08:00