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
MrMuchimi
3 years ago
12

Paper Co. had net income of $70,000 during the year. Dividend payment was $10,000. The followinginformation is available:Mortgag

e repayment $20,000Available-for-sale securities purchased 10,000 increaseBonds payable - issued 50,000 increaseInventory 40,000 increaseAccounts payable 30,000 decreaseWhat amount should Paper report as net cash provided by operating activities in its statement of cash flowsfor the year under U.S. GAAP?
Business
1 answer:
Marina CMI [18]3 years ago
3 0

Answer:

net cash provided by operating activities 60,000

Explanation:

net income  70,000

Change in working Capital

Increase Inventory (40,000)

Increase Account payable 30,000

Net change in working capital  (10,000)

net cash provided by operating activities 60,000

The working capital is the current asset and current liabilities.

the dividend, bonds and mortgare are not operating activities.

the securities are considered cash.

You might be interested in
A c corporation earns $9.50 per share before taxes. the corporate tax rate is 39%, the personal tax rate on dividends is 10%, an
Viktor [21]

The total amount of taxes that the company will pay will be calculated as under -

Total taxes paid = (Taxes on income) + (Taxes on dividends)

Total taxes paid = ($ 9.50 X 39%) + ($ 4 X 10%)

Total taxes paid = $ 3.705 + $ 0.4 = $ 4.105 or $ 4.11

5 0
3 years ago
A monopoly is considering selling several units of a homogeneous product as a single package. a typical consumer's demand for th
just olya [345]

Answer:

A. 15 units

B. $130

Explanation:

In order to solve this, we need to use the profit maximization condition for monopoly.

MR = MC will give us the optimal quantity and price for the monopolist.

The consumer's demand for the product is:

Qd = 80 - 0.5P

Therefore, we have:

P = (80 / 0.5) - (Qd / 0.5)

P = 160 - 2Qd

Recall that, Total Revenue:

TR = P * Q

So, in this case TR = 160Q - 2Q^2

MR = d(TR) / dQ = 160 - 4Q

Now, MR = MC

160 - 4Q = 100

4Q = 160 - 100

4Q = 60

Q = 60 / 4

Q = 15 units.

Now, P =160 - 2Q

P = 160 - 2(15)

P = 160 - 30 = 130

The optimal number of units to be placed in a package will therefore be 15 units while the firm should charge $130 for this package.

7 0
3 years ago
In an organization in which high-level managers make the effort to involve others in decision making and seek opinions of others
NNADVOKAT [17]

Answer:

People or team oriented

Explanation:

The best organization culture is there when there is no comparison between the people who are working at different departments, different levels, etc

The rules, procedures, policies are all not for any single person

Here if the high level managers involves the others in decision making process and seek their opinions for the betterment of an organization that this represents the team oriented as the whole organization is working as a team so the same is to be considered

7 0
3 years ago
An economics student makes the following​ statement: ​"It's easy to understand why the aggregate demand curve is downward​ slopi
Luda [366]

Answer:

The aggregate demand curve is downward sloping because when the general level of price rise; the real wealth of consumers will decline (with a certain amount of money you end up buying less goods), the interest rates will increase (as inflation increases, interest rates also increase), and the price of exported goods increases (as the general price of goods increase, the production of goods will also become more expensive).

3 0
3 years ago
Which of the following would be considered an assurance engagement?
yarga [219]

Answer: Option (E)

Explanation:

Assurance engagement tends to refer or mean that an engagement, under which an individual or practitioner tends to express a conclusion, that is designed in order to enhance the level or degree of confidence of user or the intended user, apart from the responsible individual about the result or outcome of measurement or evaluation of the subject matter against the stated criteria.

5 0
3 years ago
Other questions:
  • Jeremy Corporation estimated manufacturing overhead costs for the year to be $ 550 comma 000. Jeremy also estimated 8 comma 000
    9·1 answer
  • I just need help with number 4!
    6·1 answer
  • Suppose you held a diversified portfolio consisting of a $7,500 investment in each of 20 different common stocks. The portfolio'
    9·1 answer
  • Which is an example of a withholding you might see on your pay stub?
    10·1 answer
  • In January, the interest rate is 5 percent and firms borrow $50 billion per month for investment projects. In February, the fede
    11·1 answer
  • What broadway play holds the record for highest single-week sales?
    15·1 answer
  • Rey Company’s single product sells at a price of $225 per unit. Data for its single product for its first year of operations fol
    12·2 answers
  • "The owner of an apartment complex hired a broker to rent six of the units. The owner further requested that the broker do every
    12·1 answer
  • Individual Activity 1: Marty and the Martins
    5·2 answers
  • How should factory overhead variances be treated in a journal entry to apply factory overhead?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!