I'm going to guess, but i would say the best answer would be B. They could file for Chapter 7 bankruptcy and discharge most of their debt.
Answer:
$146,000
Explanation:
Net income $120,000
Add: depreciation expenses $6,000
Increase Accounts Receivable 10,000
Decrease Accounts Payable 15,000
Less $5,000
(increase Accounts Receivable 10,000-
decrease Accounts Payable 15,000)
Net cash $146,000
Therefore the amount that Liberty should report as net cash provided by operating activities in its statement of cash flows for the year will be $146,000
Answer:
True
Explanation:
Order cycle time is the period between the two orders, i.e., previous order and next order. If there is an ample amount of demand for a product, the order cycle time of that particular product will be low. As customer wants the product very often, the inventory will become nil, and there will be a positive cash flow. As the inventory level decreases, the current assets will be lower. As customers pay quickly, the receivables will also remain lower.
Answer:
The U.S. economy had emerged from the great recession in better shape than that any other developed nation.
