Answer:
$24,800
Explanation:
Indirect method reconciles the Net Income to Operating Cash flow by adjusting for non -cash items previously included in net income and changes in working capital.
Cash flow from Operating Activities
Net income $22,000
Add Depreciation Expense $10,800
Less gain on the sale of equipment was ($500)
Decrease in Inventory $7,800
Decrease in Accounts Payable ($8,400)
Increase in Accounts Receivable ($6,900)
net cash provided operating activities $24,800
Therefore
The net cash provided (used) by operating activities is $24,800
Because small business actually do more and got more stuff going on
Answer:
b.
Explanation:
Based on the scenario being described within the question it can be said that George is a creative salesperson, and is the main reason why he is so valued. This creativity allows George to come up with all the new ideas that others may not be able to come up with, and these ideas and tactics create value to the company.
Answer:
Total asset turnover is 1.035.
Explanation:
The total assets that the company had = $932000
Gross sales = $1097000
Net sales = $965000
The total asset turnover can be determined by dividing the net sales with average total assets. Here, the average total assets are $932000 and net sales is $965,000.
Total asset turnover = net sales / average total assets
= 965000 / 932000
=1.035
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