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DIA [1.3K]
3 years ago
15

A company reported net income of $200,000 during 2019. The company reported depreciation expense of $35,000, patent amortization

of $10,000 and a $5,000 loss on the sale of equipment. Using the indirect method, how much is the company’s cash ow from operating activities?A. $245,000.B. $250,000.C. $240,000.D. $235,000.
Business
1 answer:
OLga [1]3 years ago
5 0

Answer:

The correct answer is B

Explanation:

The company’s cash flow from operating activities for the year 2019 is computed as follows;

Net income $200,000

Add:

Depreciation 35,000

Amortization of patent 10,000

loss on the sale of equipment 5,000

Total cash provided by operating activities $250,000

*Depreciation expense, amortization expense and loss on sale on equipment are all non cash transaction which cause a decrease on net income. Thus if we want to know the actual cash activities for the year, we have to add it back to the Net income to arrive the correct answer.

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Comprehension and speed are the two most important traits in reading for business. please select the best answer from the choice
OLga [1]

Answer:

true

Explanation:

But accuracy would be a better option speed is good, so you are always on task and comprehension for big words.

3 0
2 years ago
Suppose the price of a bag of jelly beans rises from $1.60 to $2.00, with the result that sales of jelly beans falls from 120 ba
andrey2020 [161]

Answer:

The elasticity of demand for jelly beans is 1.80

Explanation:

The elasticity of demand is the principle of economic which is defined as the measure that extent the consumer response to the changes in the quantity demanded as a consequence of price change and being others factors are equal.

Computing the elasticity of demand for jelly beans as:

Elasticity of demand = Price Change / Quantity Change

where

Price Change is as:

Price = $1.60 + $2.00

= $3.60

Quantity change is as:

Quantity = 120 + 80

= 200

So,

Elasticity of demand = $3.60 / 200 × 100

Elasticity of demand = 1.80

5 0
3 years ago
The financial statement that reports the changes in the retained earnings and common stock for a period of time is known as the.
Tamiku [17]

The statement of owner's equity—also called the statement of retained earnings—shows the change in retained earnings between the start and end of a period (e.g., a month or a year). The record reflects a company's solvency and financial position.

<h3>What are the three financial statements?</h3>

The earnings report , record , and statement of money flows are required financial statements. These three statements are informative tools that traders can use to research a company's financial strength and provide a quick picture of a company's financial health and underlying value.

What is the statement of retained earnings ?

Reports the way that net and the distribution of dividends affected the financial position of the company during the accounting period. the sum of the share of net income which is not paid to the shareholder as dividend. the aim of the retained earnings is reinvestment

Learn more about financial statement:

brainly.com/question/26240841

#SPJ4

8 0
1 year ago
Paris operates a talent agency as a sole proprietorship,and this year she incurred the following expenses in operating her talen
Juliette [100K]

Answer:

A) $450.

Explanation:

The computation of the total deductible amount of the expenses is as follows:

In the case of the deduction with respect to the meal cost and entertainment. Only the half of the expense would be deducted i.e. for the business meeting

As in the question the opera tickets is $900 so the half of $900 i.e. $450 would be allowed as a deduction

Therefore the correct option is A.

6 0
3 years ago
Your organization entered into an interoperability agreement (IA) with another organization a year ago. As a part of this agreem
Nata [24]

Answer:

1)Verify compliance with the IA documents

2) Conduct periodic vulnerability assessments

Explanation:

From the question we are given about instance, whereby Your organization entered into an interoperability agreement (IA) with another organization a year ago. As a part of this agreement, a federated trust was established between your domain and the partner domain. The partnership has been in the ongoing operations phase for almost nine months now. As a security administrator,. In this case, the tasks should you complete during this phase are;

1)Verify compliance with the IA documents

2) Conduct periodic vulnerability

An organisational interoperability agreement can be regarded as a resource which can be attributed to a private nature which give the structure of governance rules so that there will be a working relationship among

digital public services to have a functioning value.

7 0
3 years ago
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