Answer:
The firm's operating cash flow is $291000
Explanation:
Operating cash flow is arrived by using the format below:
Net income after tax
Add back dereciation and amortization
Add and (deduct) Reduction in working capital(Increase in working capital)
Add back interest expense on loans
Add back tax expense for the year
Then deduct:
Actual interest paid
Actual tax paid
Using the proforma above,Kerber's Tennis Shop Inc. is shown as:
Net income after tax+Interest expense(add)+reduction in net working capital(add)-increase in creditors' payment(minus)
As a result,operating cash flow=$220000+$91000-$20000
=$291000
Clauss also sells a line of cutting tools to people in the woodworking industry for sawing and shaping wood cutouts. Clauss cutlery should use a customer sales organization.
Woodworkers set up, operate, and maintain all types of woodworking machinery, including saws, milling machines, drills, sanders, and wood clampers. Operators use equipment to cut and shape wooden parts, and use templates, vernier calipers, and rulers to check dimensions.
Carpentry is defined as cutting and joining wood to construct buildings and other structures. Woodworking is defined as carpentry, carpentry and related arts that make things out of wood.
Woodworking is an art that, when used correctly, can improve many aspects of your life. Many people are attracted to woodworking because of its usefulness and profitable business. Woodworking is a very reliable craft that has evolved into an interesting form of art and architecture.
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The legal doctrine that allows for the usage of copyrighted works for certain purposes is known as the <u>"Fair Use" doctrine.</u>
<h3>The "Fair Use" doctrine</h3>
- Became federal law by the passing of the Copyright Act of 1976.
- Allows for usage of copyrighted material for teaching, news reporting, and research among others.
This means that when copyrighted work needs to be used in areas covered by this doctrine, the users do not have to ask for permission from the owners of the work.
In conclusion, this is The "Fair Use" doctrine.
Find out more on The "Fair Use" doctrine at brainly.com/question/1268530.
Answer:
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<span>Reserves fall by $1,000, checkable deposits fall by $10,000, and the monetary base remains uncharged.</span>
