All categories

3 years ago

The accounting records of Eastlake Industries provided the data below.

Business

1 answer:

meriva3 years ago

3 0

Answer:

Please see the solution below:

Explanation:

CASH FLOWS FROM OPERATING ACTIVITIES $

Net Income 308,000

Adjustments to reconcile net income to

net cash provided by operating activities:

Depreciation on Fixed Assets 19,000

Amortization of bond premium 3,800

(Increase) Decrease in Current Assets:

Inventory (2,400)

Accounts Receivables (1,480)

Increase (Decrease) in Current Liabilities:

Interest Payable (1,680)

Accounts Payable 7,800

NET CASH PROVIDED BY OPERATING ACTIVITIES 333,040

You might be interested in

A type of organization in which top management ensures that there is consensus about the direction in which the business is head

Arada [10]

Answer:

high-involvement organization

Explanation:

A high-involvement organization has a higher level of involvment from staff at all levels. The idea behind this approach is that higher staff involment increases performance and worker well being.

3 0

3 years ago

Oreva, a multinational corporation, pays $100,000 per year to an information technology firm to archive and secure all of its da

Arlecino [84]

Answer:

A) storage cost

Explanation:

Storage cost -

It is the amount spend on the maintenance of the storage or holding of the inventory .

From the question ,

The multinational company , Oreva , pays $100,00 per year to the It firm , i.e. , the information technology firm , so as to maintain and secure all of its data and storage .

hence , from the question ,

The correct term according to the information of the question is A) storage cost .

4 0

3 years ago

Chris laughed at some of the cultural mistakes companies made in advertising and promotion in international trade while he was i

DanielleElmas [232]

Visible artifacts; and underlying values. If you don't find an answer on this site, use Google.

3 0

3 years ago

Read 2 more answers

The least expensive type of life insurance is _____. whole-life insurance term insurance endowment life insurance limited-paymen

lutik1710 [3]

I believe the answer is: Term insurance

Term insurance is significantly cheaper compared to other type of insurance because it only cover risk plan without considering potential return in the future.
The amount of term insurance usually paid at a fixed rate on a limited period of time.

3 0

2 years ago

Read 2 more answers

Why net profit will be higher if increases average prices to customers?

vampirchik [111]

Answer:

Higher prices with same sales quantity will mean greater profit.

Explanation:

Let's hold some variables constant. If a business sells books, and they take the prices up, if they sell the same quantity (at higher prices) this would increase revenues. Higher revenues, less the same cost structure (variable and fixed costs) will lead to a greater profit generation. Of course in the real world, price elasticity of demand comes in play when prices are changed. If prices go up, typically sales quantity will decrease and there may be a net effect in revenue and hence profit. In the simple case where prices go up and sales quantity is unaffected, net profit will rise.

6 0

3 years ago