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Sindrei [870]
3 years ago
13

Accounts receivable arising from sales to customers amounted to $80,000 and $70,000 at the beginning and end of the year, respec

tively. Income reported on the income statement for the year was $280,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is a. $280,000. b. $290,000. c. $350,000. d. $270,000.
Business
1 answer:
vichka [17]3 years ago
5 0

Answer:

b. $290,000

Explanation:

The computation of the cash flows from operating activities to be reported on the statement of cash flows is shown below:

= Net income reported on the income statement + decrease in account receivable

where,

Net income reported = $280,000

And, the decrease in account receivable is $10,000 ($70,000 - $80,000)

So, the cash flow from operating activities

= $280,000 + $10,000

= $290,000

The decrease in account receivable implies that more cash is come so it would be added and the same is shown above

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Answer:

diversify  

Explanation:

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3 years ago
Suppose that a flower nursery benefits from having a butterfly farm located only a few miles away, because the presence of the i
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3 years ago
Based on the limited amount of information provided, what would you guess is the social style of the buyer? how about the social
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8 0
2 years ago
The setup time for a batch of 250 products is 30 minutes while the production time is 5 minutes for each product. If the batch s
kramer

Answer:

d. Decrease by 0.045 minutes

Explanation:

<u>First Case</u>  

Time per unit for 250 batch size = (30 / 250) + 5 minutes

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<u>Second case</u>

Time per unit for 250 batch size = (30 / 400) + 5 minutes

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