Resources are the assets, capabilities, processes, information, and knowledge that an organization uses to improve it's effectiveness and efficiency, to create and sustain competitive advantage, and to fulfill a need or solve a problem.
Answer:
The company paid $278,031
Explanation:
Giving the following information:
A company bought a parcel of land twenty years ago. The land is currently worth $575,000. The yearly appreciation rate has been 3.7%.
<u>To calculate the past value of the land, we need to use the following formula:</u>
PV= FV/(1+i)^n
PV= present value (20 years ago)
n= 20
FV= 575,000
i= 0.037
PV= 575,000 / (1.037^20)
PV= $278,031
Answer:
$89,000
Explanation:
Given that,
Net Income = $71,000
Depreciation = $5,000
Increase in Current Liabilities = $9,000
Decrease in Current Assets = $4,000
Net Cash from Operating Activities:
= Net Income + Depreciation + Increase in Current Liabilities + Decrease in Current Assets
= $71,000 + $5,000 + $9,000 + $4,000
= $89,000
Therefore, the Leather Shops cash provided by operating activities (indirect method) is $89,000.
The question was based on https://www.longbranch.k12.nj.us/cms/lib/NJ01001766/Centricity/Domain/661/Codys_Statement_of_Financi....
If we would divide the given facts into assets and liabilities the answer is poor. He went below because of his spendings.
Assets Liabilities
TV- 250 student loan 2600
Mp3 Player 200 credit card 1 850 Laptop 750 credit card 2 1200 Game system 250 loan from parents 200 watch 200 truck 3200 Checking Account 560 Savings Account 1 945 Savings Account 2 3400 TOTAL $ 6555 TOTAL $8050 LOSS $-1495
Depends on the quality and quantity of goods
