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labwork [276]
3 years ago
11

S Company reported net income for 2013 in the amount of $400,000. The company's financial statements also included the following

:Inc in A/R: $80,000Dec in Inventory: $60,000Inc in A/P: $200,000Dep Exp: $104,000Gain on Sale of Land: $148,000What is net cash provided by operating activities under the indirect method?a) $536,000b) $832,000c) $432,000d) $580,000
Business
1 answer:
inna [77]3 years ago
7 0

Answer:

Net cash Provided by Operating activities = $416000

Explanation:

Using indirect method for Cash flow from operating activities we use following steps to get value of net cash provided by operating activities.

Net income                                                                     $400000

Add: Depreciation                                                           $104000

Less: Gain on Sale of Land                                             -$148000

Less: Increase in Accounts Receivable                          -$80000

Less: Increase in Inventory                                              -$60000

Add: Increase in Accounts Payable                                $200000

Net Cash Provided by operating activities                     $416000

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Which of the following statements is CORRECT? Since depreciation increases the firm's net cash provided by operating activities,
jek_recluse [69]

Answer:

The correct statement is A firm can show a large amount of retained earnings on its balance sheet yet need to borrow cash to make required payments.

Explanation:

8 0
3 years ago
As of January 1, 2021, Farley Co. had a credit balance of $523,000 in its allowance for uncollectible accounts. Based on experie
trapecia [35]

Answer:

Balance sheet, what amount should Farley report as allowance for uncollectible accounts?

if we take the final balance of accounts receivable   $582000

If the wrotte off difference affects the final balance and we do not register additional expenses. $469000

Explanation:

Credit balance allownace  523000

Allowance for uncollective 3%

 

Wrotte off                               636000

 

Credit sales                         19400000

Allowance for uncollective              3%

                                             582000

 

 

Credit balance                        523000

Wrotte off                                636000

                                             -113000

 

Allownace for uncollectible      469000

4 0
3 years ago
Darrin’s employees are highly skilled, so he allows them free rein to do their jobs.
Oxana [17]

Answer::Leader-Member exchange , Out group members

Explanation:Leader-Member exchange theory is a relationship based theory of leadership  that exists between the leading managers and their n employees  together with their  interaction  with each other leading to a productive  workplace environment for both individuals.

The  created relationship can either succeed   when there is trust and mutual respect leading to effective employees  or  fail by producing  undesired result in terms of a hostile relationship leading to low efficiency and productivity from employees

According to the leader member exchange theory, leaders tend to  create  different relationships with followers by forming two groups----- in group members  and out group members

of which the outgroup members are  given less responsibilities with less attention and work outside  the leaders inner circle of communication and therefore are less likely to engage in organizational citizenship than other employees.

4 0
3 years ago
A product whose EOQ is 40 units experiences a decrease in ordering cost from $90 per order to $10 per order. The revised EOQ is:
ruslelena [56]

Answer: three times as large

Explanation:

Economic order quantity will be calculated as follows:

EOQ = ✓(2DS/H)

D = Demand in units

Here S = Ordering cost = $10

H = Holding cost

Since S = $10

Therefore, EOQ will be:

= ✓(2DS/H)

= ✓(2 × 10 × D/ H)

= ✓(20D/H)

Since we're to increase the order cost from $10 per order to $90 per order, then EOQ will be:

Since S = $90

Therefore, EOQ will be:

= ✓(2DS/H)

= ✓(2 × 90 × D/ H)

= ✓(180D/H)

3✓20DH

The revised EOQ will then be 3 times as large.

4 0
3 years ago
The company is gearing up for next year’s events and determining where to hold them. Customer feedback, logistics, and pricing o
SSSSS [86.1K]

Answer:

team

Explanation:

Using a <em>team </em>of employees for tasks that are cross-department  based is a better solution than letting each individual work on a task and just ask other departments for reference and help if needed. When working on important projects such as this one, the most efficient way is to put employees from the tackled departments into one team. This way, communication and collaboration is vastly improved.

8 0
3 years ago
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