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Tems11 [23]
3 years ago
7

Scranton, Inc. reports net income of $238,000 for the year ended December 31. It also reports $91,200 depreciation expense and a

$5,400 gain on the sale of equipment. Its comparative balance sheet reveals a $37,100 decrease in accounts receivable, a $16,550 increase in accounts payable, and a $13,050 decrease in wages payable. Calculate the cash provided (used) in operating activities using the indirect method.
Business
1 answer:
zepelin [54]3 years ago
7 0

Answer:

The Net cash is 364.400

Explanation:

To get net cash flow using the indirect method we must make adjustments to the net income.

It depends on the account if it is added or subtracted to net income. Below you will find the added account with a plus (+) and the subtracted ones with a minus (-)

In this case,  

Net income 238.000

Adjustment to reconcile the net income to cash  

plus (+) Depreciation expense 91.200

minus (-) Gain on sale of equipment (5.400)

plus (+) decrease in accounts receivable 37.100

plus (+) Accounts payable increase 16.550

minus (-) Wages payable decrease (13.050)

Net cash 364.400

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Vera_Pavlovna [14]

Answer:

The management can make Elena a loyalty card holder or loyalty program member.

Explanation:

A customer loyalty program refers to a kind of reward program offered by a company to it's those customers who frequently purchase it's products or avail it's services.

Usually, under such loyalty programs, a customer is provided with a loyalty card, wherein for each purchases he/she makes, some loyalty points are earned. These loyalty points can collectively be redeemed later on, in the form of discounts.

So, in the current case, since elena is a frequent buyer of coffee on routine basis, the management can include her in their customer loyalty program and provide her with a loyalty card.

Such card will provide her with rewards and would make her feel privileged, strengthen her bond of loyalty with cuppo' coffee and may lead to increased customer share.

4 0
3 years ago
One of the examples given by Agnew and Brezina as a way to reduce crime by reducing situational strains is to:
Len [333]

Answer:

Reduce the amount of media violence.

Explanation:

Reducing crime reducing situational stains is the method to minimize the impact of crime and being it public. Media is the most effective way which reports details of crime very quickly. Agnew and  Brezina had tried to reduce the impact of crime and avoid distribution of details to public about the reported crime to reduce situational stains.

7 0
3 years ago
General mills offers three sizes of its popular cereal cheerios: 10-, 14-, and 18-ounce boxes, and they are priced at approximat
Marina86 [1]

General Mills sold three sizes of cereal cheerios at $2.99, $3.99, and $4.49 each. Selling tactic used by the company is psychology pricing. General Mills used this technique to encourage customers to respond on emotional levels rather than logical ones.

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4 0
3 years ago
The Yurdone Corporation wants to set up a private cemetery business. According to the CFO, Barry M. Deep, business is "looking u
Crank

Answer:

-$414,444.44

Explanation:

The computation of the net present value is shown below:

Net present value = Initial investment + net cash flows ÷ (required rate of return - projected growth rate)

= -$1,570,000 + $104,000 ÷ (12% - 3%)

= -$1,570,000 + $1,155,555.56

= -$414,444.44

Hence, the net present value is -$414,444.44

Since the net present value comes in negative so the project is rejected

         

8 0
3 years ago
Do you think it is easier to increase or decrease government spending
Anna35 [415]
It is much easier to increase government spending, because it gives a temporary boost, whereas decreasing it would take away the benefits you had before, and might mess up other "things" that relied on that part you just removed to decrease government spending.
4 0
3 years ago
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