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
Brums [2.3K]
2 years ago
15

The following data are from the accounting records of Kain Company: Net income $40,000 Depreciation expense 8,000 Decrease in ac

counts payable 1,800 Decrease in merchandise inventory 2,500 Increase in long-term liabilities 10,000 Increase in common stock 25,000 Increase in accounts receivable 4,000 Based on this information, the net cash flows from operating activities on the statement of cash flows using the indirect method would be: a.$51,300. b.$42,100. c.$50,000. d.$44,700.
Business
1 answer:
Arada [10]2 years ago
8 0

Answer:

d. $44,700

Explanation:

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

Cash flow from Operating activities - Indirect method

Net income $40,000

Add : Depreciation expense $8,000

Less: Decrease in accounts payable -$1,800

Add: Decrease in merchandise inventory $2,500

Less:  Increase in accounts receivable -$4,000

Net cash flows from operating activities    $44,700

The long term liabilities and the common stock is not relevant. Hence, ignored it

You might be interested in
Larry is looking for ways to increase the number of different tasks that an employee performs without increasing task complexity
enot [183]

Answer:

Job rotation

Explanation:

Job rotation means moving employees from one job to another so that they are trained to do multiple roles. This way, the tasks of each job stay the same and employees learn these basic tasks for each job they try. An example is a grocery store where the greeter is cross-trained to be a cashier, to collect carts from the parking lot, and to unload boxes onto the shelves.

6 0
3 years ago
Read 2 more answers
Janelle is highly organized and loves working to find ways to arrange graphs and data more effectively. She doesn't handle confl
krek1111 [17]

The most appropriate job for Janelle is in clerical work. The answer is B.

Clerical work requires competent systematic skills. Since Janelle is very comfortable in arranging or organizing files, she is very compatible with the job. Moreover, clerical work requires focus and does not really require interaction with workers. As long as you are able to deliver the outputs, that is already considered as efficient.

5 0
3 years ago
Alana lives in a country in which the government does not impose quotas on what can be imported or on what businesses can produc
Elis [28]

Answer:

Free-market

Explanation:

As Alana can import without paying quotas to the government the economy i nthis country is of free-market. The government doesn't try to restrict their citizens from the goods and services offered fro manother countries.

Same is true for the sale of national product to abroa,there is no qupta, tariff or additional cost involved in trade thant those generated from the transactions. It is tax-free to import and export

5 0
3 years ago
Hibiscus Corporation began operations on January 1, Year 1. On December 15, Year 1, the company received a payment in the amount
mars1129 [50]

Answer:

$12,000

Explanation:

The main difference between cash basis accounting and accrual accounting is that accrual accounting recognizes revenue only after the earning process is completed. On the other hand, cash basis accounting recognizes revenue and expenses when the money is received or paid, regardless of when the service is provided. This is why the US GAAP doesn't allow cash basis accounting.

The IRS allows cash basis accounting for individuals and small businesses that only deal with cash payments, but they must meet certain criteria:

  • partnerships or C corporations with less than $5 million in yearly revenue
  • sole proprietorships and S corporations with less than $1 million in yearly revenues
  • family owned farms
  • you provide personal services and 95% of your revenue comes from it
  • no publicly traded corporation is allowed

4 0
3 years ago
What could happen if you end a service contract early?
wariber [46]

You are charged an early termination fee.

Explanation:

When you sign a contract you will have to see if y<u>ou are viable to pay an early termination fee in case you decide to terminate a contract</u> in between and if so how much it will cost to do so.

<u>There are no other legal obligations in place usually unless directly specified in the service contract. </u>

Usually the fee is to cover for the cost procured or that will be procured on securing newer services in the face of the termination.

8 0
3 years ago
Other questions:
  • If a material event is either unusual in nature or an infrequent occurrence—such as a one-time charge resulting from a major res
    5·1 answer
  • Janice is a 48-year-old married woman who uses technology as a major source of information and shopping. she has a dvd drive on
    12·1 answer
  • Cost of Units Transferred Out and Ending Work in ProcessThe costs per equivalent unit of direct materials and conversion in the
    7·1 answer
  • Retained earnings on the balance sheet?
    12·1 answer
  • Corcoran Corp. pays a constant $7.10 dividend on its stock. The company will maintain this dividend for the next 10 years and wi
    9·1 answer
  • What is Flex tape?????
    10·2 answers
  • Dakota Company had net sales (at retail) of $260,000.
    13·1 answer
  • IKEA advertises throughout the year, but significantly increases its advertising during the back-to-school time frame, thus impl
    12·1 answer
  • Although ZipCar has some routine operating tasks, its rules and regulations are, for the most part, not strict. ZipCar's decisio
    6·1 answer
  • Ontario has provided the following year-end balances: Cash, $24,000 Patents, $7,900 Accounts receivable, $9,100 Property, plant,
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!