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liraira [26]
4 years ago
8

The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended De

cember 31 Sales $ 1,573,000 Cost of goods sold 770,770 Gross profit 802,230 Operating expenses Salaries expense $ 215,501 Depreciation expense 37,752 Rent expense 42,471 Amortization expenses—Patents 4,719 Utilities expense 17,303 317,746 484,484 Gain on sale of equipment 6,292 Net income $ 490,776 Accounts receivable $ 26,500 increase Accounts payable $ 13,075 decrease Inventory 26,775 increase Salaries payable 2,100 decrease Prepare the operating activities section of the statement of cash flows using the indirect method
Business
1 answer:
Sunny_sXe [5.5K]4 years ago
7 0

Answer:

Explanation:

Net Income                                 490776

Add back depreciation                 37752

Add back amortization                    4719

Deduct gain on asset disposal       (6292)

Increase in receivable                     (26500)

Decrease in payable                        (13075)

Increase  in inventory                       (26775)

Increase in salary payable               ( 2100)

Cash flow                                         458,505

The non cash expenses which are depreciation and the amortization cost are added back and non cash income like gain on the disposal of asset deducted to arrive at the net cash flow.

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ladessa [460]

<em>In order to give lower-level staff members access to the corporate network but bar them from seeing confidential human resources records, you would employ:</em><em>a system of authorization management.</em>

<h3>What is an authorization management system?</h3>

One of the crucial elements of Management Information Systems (MIS) for the security consideration is authorization management. The Role-Based Access Control (RBAC) solution increases the security and efficiency of Authorization Management.

<h3>What is the authorization procedure?</h3>

A server assesses if a client has permission to use a resource or access a file through the authorization procedure. Authentication and authorization are frequently combined so that the server can identify the client making the access request.

<h3>What is an example of authorization?</h3>

Good instances of authorization include allowing specific users to have administrative access to an application or granting someone permission to download a specific file from a server.

learn more about authorization management system here <u>brainly.com/question/13408993</u>

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3 0
2 years ago
Roslyn has decided to purchase a $14,000 car. She plans on putting $2000 down toward the purchase, and financing the rest at a 6
Svetllana [295]

using the payment function, a $12,000 loan for 4 years at a rate of 6%, your payment would be $281.82

6 0
3 years ago
Read 2 more answers
Three corners markets paid an annual dividend of $1.37 a share last month. today, the company announced that future dividends wi
nikklg [1K]
Given 
   $1.37 = share month
   2.8 % increase 
   11.6 % returned
Find how much pay to purchase one share of this stock 

$1.37 x 0.028 = 0.03836
$1.37+0.03836 = 1.40836
$<span>1.40836 x .116 = 0.16336976
$</span>1.40836+<span>0.16336976 = $1.57 

The answer is $1.57 to purchase one share of this stock today.</span>
6 0
4 years ago
Risk a. can be reduced by placing a large number of small bets rather than a small number of large bets. b. can be reduced by in
Pavlova-9 [17]

Answer:

can be reduced by placing a large number of small bets rather than a small number of large bets.

AND

can be reduced by increasing the number of stocks in a portfolio.

Explanation:

Hope this helps :)

5 0
4 years ago
Explain how consumer and producer surplus affect economic well-being. When the price of a good or service is – enough, it will e
horrorfan [7]

Answer:

the general welfare will be the sum of consumer surplus and producer surplus.

Explanation:

The consumer and producer surplus assessment serves to measure the overall efficiency of the market, which in turn is associated with overall well-being. An efficient market is one in which both consumers and producers have the incentive to negotiate and effect trade.

Consumer surplus is the difference between the amount he or she is willing to pay and how much he or she actually pays for the product. This surplus is positive when the amount paid is less than the amount for which the consumer would be willing to pay.

Similarly, the producer's surplus is the difference between the market price and the price at which the seller is willing to produce and sell. When the producer's surplus is positive, it means that he sells the product for a price higher than the minimum value that would stimulate him to produce.

Thus, the general welfare will be the sum of consumer surplus and producer surplus.

4 0
4 years ago
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