Answer:
Net Cash Flows from operating activities is $68.5 million.
Explanation:
The indirect Method would be used here because all we will find the cash expenses and revenues that were converted into within the year and are reported in the income statement by calculating the increase and decrease in the current assets and current liabilities. Here we will also eliminate the non cash expense effects by adding them back.
The net cash flows from operating activities can be calculated using the following method:
Millions
1. Net Income 65
<u>Add Non Cash Deductions</u>
2. Depreciation 5.5
3. Loss on sale of Equipment 1.5
<u>Add / (Less) the increase or </u>
<u>decrease in current Assets or </u>
<u>liabilities</u>
4. Increase in Trade Receivables (2.5)
5. Increase in Trade Payables 3.5
6. Increase in inventory <u> (4.5) </u>
Net Cash Flows from operating activities $68.5
What Is an Export? By definition, exports are a function of international trade whereby goods produced in one country are shipped to another country for future sale or trade. Exports are a crucial component of a country's economy, as the sale of such goods adds to the producing nation's gross output.
Answer:
775 units
Explanation:
By forecast,
June sales = 400 units
July sales = 700 units
if ending inventory equal to 125% of next month's sales
Then June's ending inventory = 125% × 700
= 875 units
May's ending inventory = 125% × 400
= 500 units
Opening inventory + production - sales = closing inventory
Using the formula above, where p = production
500 + p - 400 = 875
p = 875 - 100
p = 775
Production required for June is 775 units.
Your answer is D - petroleum.
the area around the Persian Gulf is desert so can't be the water, coal or cattle. But here it can be found large underground reserves of Petroleum.
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