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Kitty [74]
3 years ago
15

Peninsula Company reported net income of $290,000 for the year. During the year, accounts receivable increased by $21,000, accou

nts payable decreased by $9,000 and depreciation expense of $45,000 was recorded. Net cash provided by operating activities for the year is g
Business
1 answer:
guajiro [1.7K]3 years ago
4 0

Answer:

$305,000

Explanation:

Given that,

Net income for the year = $290,000

Increase in accounts receivable = $21,000

Decrease in accounts payable = $9,000

Depreciation Expense = $45,000

Net cash provided by operating activities:

= Net Income of current year - Decrease in Accounts Payable + Depreciation Expense - Increase in Accounts Receivable

= $290,000 - $9,000 + $45,000 - $21,000

= $305,000

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Explanation:

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Interactive marketing means service quality depends on the quality of buyer-seller interaction during the service encounter.

3 0
3 years ago
Mountaineer Excavation operates in a low-lying area that is subject to heavy rains and flooding. Because of this, Mountaineer pu
vitfil [10]

Answer:

The Journal entries are as follows:

(i) On March 1,

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        To cash A/c                              $24,600

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Workings:

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4 0
3 years ago
Solve the problem. round to the nearest dollar if needed. looking ahead to retirement, you sign up for automatic savings in a fi
ValentinkaMS [17]
To know how much you'll have by the end of the 15th year, you need to calculate <span>the future value of an annuity  as follows:

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</span>
Substituting with the givens, you can get the future value annuity as follows:
<span>the future value of an annuity = 3500 [(1+0.05)^15 -1)]/0.05
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4 0
3 years ago
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grin007 [14]

Answer:

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Explanation:

Data provided in the question:

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or

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or

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or

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or

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5 0
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