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puteri [66]
1 year ago
9

Coronado Company reported net income of $69000 for the year. During the year, accounts receivable decreased by $8100, accounts p

ayable increased by $4200 and depreciation expense of $4500 was recorded. Using the indirect method, net cash provided by operating activities for the year is $64500. $85800. $68400. $56700.
Business
1 answer:
Black_prince [1.1K]1 year ago
4 0

Coronado Company reported the indirect method as answer is 85800. Thus, the option (b) is correct.

What is net income?

The term “net income” refers to the company's earnings less all costs, such as salaries, taxes, raw materials, and cost of products sold. After subtracting an individual and business's expenses, the net income is what remains.

The net cash provided by operating activities are:

Net income = $69000

The accounts receivable decreased = $8100

The accounts payable increased = $4200

Depreciation expense = $4500

The addition of the details are:

$69000 + $8100 + $4200 + $4500

= 85800.

Therefore, option (b) is correct.

Learn more about on net income, here:

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A year ago, Kim Altman purchased 160 shares of BLK, Inc. for $20.50 on margin. At that time the margin requirement was 40 percen
Semmy [17]

Answer:

85.66%

Explanation:

Calculation for what is the percentage return on the funds she invested in the stock

First step is to calculate the Cost of the shares

Cost of the shares=160 × $20.50

Cost of the shares= $3,280

Second step is to calculate the Margin

Margin=$3,280 × 0.4

Margin= $1,312.00

Third step is to calculate the Funds borrowed

Funds borrowed= $3,280-$1,312.00

Funds borrowed= $1,968.00

Fourth Step is to calculate Interest paid

Interest paid=$1,968.00 × 0.12

Interest paid= $236.16

Fifth step is to calculate Profit on the stock

Profit on the stock=$4,640.00 - $3,280

Profit on the stock = $1,360

(160*29=$4,640.00)

Last step is to calculate the Return on the investment

Return on the investment:m= ($1,360.00 - $236.16)/$1,312.00

Return on the investment=$1,123.84/$1312.00

Return on the investment=85.66%

Therefore the percentage return on the funds she invested in the stock is 85.66%

6 0
3 years ago
Suppose the federal reserve wants to decrease the money supply by $400 billion. if the reserve requirement (rr) is 0.2, calculat
svetlana [45]

Two main modifications be made to guard the public, avoid bank bailouts, and expand banking protection and soundness.

<h3>What is the change in required reserves?</h3>

Increasing the (reserve requirement) ratios reduces the extent of deposits that can be supported with the aid of a given level of reserves and, in the absence of different actions, reduces the money stock and raises the price of credit.

<h3>What are the three dreams of the Federal Reserve?</h3>

It is the Federal Reserve's actions, as a central bank, to acquire three dreams distinct by using Congress: maximum employment, secure prices, and average long-term hobby rates in the United States.

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2 years ago
After having problems with her Mitsubishi car, sandra salazar had santa Fe Mitsubishi install a used LO1 motor in it. when she p
ehidna [41]

Answer:

The statement is not an express warranty, because it doesn't involve a negotiation of terms between Salazar and Mitsubishi. It is an employee of the company that imploy Salazar to bring the car should the car gives problem, and didn't involve an agreement between the two parties ( Salazar and Mitsubishi)

Explanation:

What is express warranty?

An express warranty arises from the parties’ negotiations in a sales transaction. Express warranties are often included in the written terms of a contract. An “express” warranty by a seller is created by:

Any statement of fact or promise relating to the goods sold which becomes part of the basis of the bargain between the parties, creating a warranty that the goods will conform to the statement or promise.

Any description of the goods sold which becomes part of the basis of the bargain between the parties, creating a warranty that the goods will conform to the description.

Any sample or model, which becomes part of the basis of the bargain between the parties, creating a warranty that the goods will conform to the sample or model.

An express warranty may be created even if the seller does not use formal words such as “warranty” or “guarantee,” and even if the seller does not have a specific intention to make a warranty. However, an express warranty is not created merely because the seller makes a statement as to the value of the goods, or as to seller’s opinion of the goods. Generally, statements made by a seller during the course of contract negotiations are treated as statements of fact, unless it can be shown that the buyer could only have reasonably considered the statement to be an opinion.

6 0
3 years ago
At the beginning of the current period, crane company had balances in accounts receivable of $192,800 and in allowance for doubt
Ainat [17]

This is too confusing

6 0
3 years ago
Expatriates who are citizens of neither an employer's parent country nor the foreign nation where they are residing and working
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An expatriate who is a citizen of his employer's home country and lives and works in another country is called a _____. citizens of the homeland.

Workers preparing for international assignments need information about practical issues such as housing, schooling and shopping in their future country of residence. What cross-cultural preparation is most valuable before leaving for an international assignment? Language lessons.

The most important remuneration items for expatriates are basic salary, cost of living adjustment, housing allowance, home leave, education allowance for dependents and insurance payment.

Host Country is any country other than the home country in which an organization operates facilities. An expatriate is an employee from a country other than the home country or host country.

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7 0
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