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hodyreva [135]
3 years ago
5

Alvez reports net income of $355,000 for the year ended december 31. it also reports $119,700 depreciation expense and a $13,000

loss on the sale of equipment. its comparative balance sheet reveals a $52,200 increase in accounts receivable, a $13,200 decrease in prepaid expenses, a $20,200 increase in accounts payable, a $16,500 decrease in wages payable, a $97,000 increase in equipment, and a $130,000 decrease in notes payable. calculate the net increase in cash for the year.
Business
2 answers:
wolverine [178]3 years ago
7 0

Answer:

225400

Explanation

mash [69]3 years ago
4 0
The correct answer is $284,200
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Talarczyk Company sold 10,000 Super-Spreaders on December 31, 2017, at a total price of $1,000,000 cash, with a warranty guarant
Greeley [361]

Answer:

Explanation:

Sales revenue to be reported - $1,000,000

Warranty expense - $40,000

Unearned warranty revenue - $12,000

Cash = 1,000,000+12,000 = $1,012,000

Warranty liability - $40,000

5 0
3 years ago
Your friend sells specialty coffee on her website, and she tells you she would not have succeeded without her strong relationshi
amm1812

A sociologist might say that this is an example of how economic action is <u>embedded in</u> social relationships.

<u>Explanation:</u>

3 0
2 years ago
An investment project provides cash inflows of $1,350 per year for eight years. a. What is the project payback period if the ini
sleet_krkn [62]

Answer:

It will take 3 years and 55 days to cover the initial investment.

Explanation:

Giving the following information:

Cash flows= $1,350

Initial investment= $4,250

<u>The payback period is the time required to cover the initial investment:</u>

<u></u>

Year 1= 1,350 - 4,250= -2,900

Year 2= 1,350 - 2,900= -1,550

Year 3= 1,350 - 1,550= -200

Year 4= 1,350 - 200= 1,150

<u>To be more accurate:</u>

(200 / 1,350)= 0.15*365= 55 days

It will take 3 years and 55 days to cover the initial investment.

6 0
2 years ago
A company gives each of its 80 employees (assume they were all employed continuously through 2020 and 2021) 12 days of vacation
Olin [163]

Answer:

$157,440 ; $230,400

Explanation:

The computation is shown below:

For 2018

= Number of employees × number of vacations in a year × number of hours per day × wages per hour

= 80 employees × 12 days × 8 hours × $20.50

=$157,440

For 2021

= Number of employees × number of vacations in a year + number of vacations in a year - average of vacations × number of hours per day × wages per hour

= 80 employees × 12 days + 12 days - 9 days × 8 hours × $24

= $230,400

5 0
3 years ago
On February 1, Alan, a single individual, purchased his first personal residence for $400,000. On July 1, Alan sold this residen
zavuch27 [327]

Answer:

Recognized gain = $60000

Explanation:

Below is the calculation:

Price of personal resident = $400000

Selling price = $460000

Since Alan purchased the house for $400000 and selling it for $460000. Therefore recognized gain can be determined by subtracting the purchase price from the selling price.

Recognized gain = $460000 - $400000

Recognized gain = $60000

3 0
2 years ago
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