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artcher [175]
3 years ago
15

Net income was $67,100; accounts receivable decreased by $19,500; inventory increased by $10,800; proceeds from the issuance of

long-term debt were $22,500; accounts payable decreased by $6,200; equipment purchases were $75,000; depreciation and amortization expense was $36,000.
Required: Calculate the net cash provided (used) by operating activities for the period.
Business
1 answer:
nydimaria [60]3 years ago
7 0

Answer:

The net cash provided (used) by operating activities for the period is $105,600

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $67,100

Adjustment made:

Add : Depreciation and amortization expense $36,000

Add: Decrease in accounts receivable $19,500

Less: Increase in inventory -$10,800

Less: Decrease in accounts payable -$6,200

Total of Adjustments $38,500

Net Cash flow from Operating activities $105,600

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Based on the information provided within the question it can be said that the best source of information for this scenario would be a website. Any website that provides information regarding the specs and abilities of the cameras that you are considering purchasing would provide the most helpful information in your decision buying process.

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Answer: 2

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Lacy set her textbook under her chair in her business law class and then forgot to take it with her when she left the classroom.
rosijanka [135]

Answer:

a. the college is a constructive bailee, obligated to return the textbook to Lacy, and until it does, it is liable for harm to the property.

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When a party comes into possession of a property not by contractual agreement, they are referred to as constructive bailee and are obligated to take care of the property till it is returned to the owner.

The bailee does not willingly take possession of the property, rather unforseen circumstances leads to them possessing it.

This is common when a person forgets his property in a place.

In the given scenario the college (Dean of Business College) became a constructive bailee when they recieved the misplaced textbook. So they are obligated to care for the textbook till it get back to Lacy or be held liable for any harm done

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Therefore, Depletion expense per ton of ore would be $0.64 per ton of ore.

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