1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
'Nagia Steel Pvt. Ltd.' has divided the whole of its business into five departments. Now the
iVinArrow [24]

Answer:

Generally speaking, there are five functions of Management. They are:

  • Setting Objectives
  • Planning
  • Execution
  • Measurement
  • Control

The two functions of management identifiable from the passage are:

  1. The setting of Objectives and
  2. Control

Explanation:

Objectives in business are multilateral in nature. They speak to

  • Identifying where the company wants to go
  • How the company is going to get there
  • Who the company will need to get there and
  • What the company will need to get there

In the passage above, the company via it's general manager is defining clearly those the company will need and what each person's role is in helping to achieve such objectives

It is not the responsibility of the employee to define his or her own job or objectives. It is the responsibility of Management.

With regard to the second function which we will identify as Control, when management admits employees, there has to be structure otherwise there would be chaos.

It is the function of management to clearly define reporting lines. Who reports to whom? Who is responsible for overseeing who? Who will lead what team? etc.

We see from the passage that the general manager distributed jobs according to each employees ability. And in doing so also defined reporting lines.

This is an example of the Control function of management.

Cheers!

3 0
3 years ago
An example of short term investment goal would be saving for:
Debora [2.8K]

Answer:

Watching movies

Explanation:

Short term goal can take days or weeks to accomplish, if you're saving for a house that will take months or even years, for retirement you have to be certain age and tertiary education is an education as the word said it comes third it means college studies for that also you have to wait a long time.

5 0
3 years ago
If you were opening a new business, would you select a location closer to or farther away from a business that sold a similar or
allsm [11]

Answer:

Depends on how big your business is and what you can offer.

Explanation:

If you have a business that is bigger and has more to offer than the other company i would select a closer location. If you have a smaller business and have less or an equal amount to offer mover farther away. Try comparing the two business to each other. Think of your pro's and con's.

4 0
3 years ago
Sending your boss a christmas card after he had first sent you one would best be seen as an example of
Sidana [21]
Giving back.
Copying.
Returning a favor.
7 0
4 years ago
A business with a differentiation strategy will add cost to an activity only as long as the activity has a positive margin.
Vladimir [108]
That is not a question it is a statement. However yes, businesses tend to increase the price of an activity the more customers react positively to the activity.
3 0
3 years ago
Other questions:
  • Sophia Martin is assessing her balances. She expects to retire in the next year and has $675,000 in savings and investments and
    14·1 answer
  • Heather cracked the screen of her old mobile phone a few months ago. She could still read the screen and conduct calls and read
    8·1 answer
  • Although True Ion Inc. and One Electro Inc. operate in the same consumer electronic industry, True Ion Inc. has better sales and
    7·1 answer
  • Changing personnel responsibilities to suit an information system is more disruptive to an organization than ordering additional
    9·1 answer
  • HELP PLEASE. PLEAASEEEE
    14·2 answers
  • Suppose ​$50 comma 000 is deposited at a bank. The required reserve ratio is 20 ​percent, and the bank chooses not to hold any e
    5·1 answer
  • Johnson Company has the following overhead costs: machine setup $25,000; factory maintenance $10,000; heating and lighting $15,0
    14·1 answer
  • Which of the following best explains the purpose of a supply schedule?
    11·2 answers
  • Principle states that inventory costs are expensed as cost of goods sold when inventory is sold
    7·1 answer
  • . If the Fed wishes to conduct expansionary monetary policy, it should (select one) a. Increase required reserve ratio b. Decrea
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!