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
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

You might be interested in
‘An enterprise may capture value through either innovation leadership or innovation followership'. Discuss this statement with t
Gala2k [10]

Explanation:

This statement is true, due to the fact that a company to stand out in the market must have a strategy that guarantees significant advantages over its competitors, that is, the company must be prepared to have its own identity in the market that gives it value, what can be achieved through innovation.

An example of innovation leadership and followers of innovation is the case of entrepreneur Jeff Bezos, founder of Amazon, a pioneer in internet sales. It can be said that through the innovative vision that Jeff Bezos has, he managed to found a company that sold books online in 1994, a time when the internet was not so widespread and few people had access. Therefore, Bezos, through leadership in innovation, transformed his company into an empire with several different businesses, always following technological changes and people's behaviors, to always follow market innovations and keeping his company always competitive, being a world technology giant.

6 0
3 years ago
Suppose the government wants to change the level of output. If the LM curve is horizontal, then
Feliz [49]

Answer:

  • a. monetary policy is completely ineffective, whereas fiscal policy is highly effective.
  • a. monetary policy is completely ineffective, whereas fiscal policy is highly effective.

Explanation:

When the LM curve is horizontal, a change in money supply will not impact interest rates which would make monetary supply completely ineffective because people will be able to keep borrowing regardless of the money supply level in the economy.

If the IS curve is vertical, it means that output is independent of interest rates. This would again render monetary supply completely ineffective as output will not change as a result of a change in money supply. Fiscal policy will still work however because it would lead to more output being created via the multiplier process.

7 0
3 years ago
A​ company's bank statement balance is $ 3,400 and shows a service charge of $ 12​, interest earned of $ 7​, and an NSF check fo
BigorU [14]

Answer:

a. $3,725

b. $3,945

Explanation:

a. The computation of the adjusted cash balance is shown below:

= Bank statement balance + Deposits in transit - outstanding checks

= $3,400 + $1,000 -  $675

= $3,725

b. The computation of the book balance of cash before the reconciliation is shown below:

= Adjusted cash balance +  service charge + NSF checks - interest earned -  recording error

= $3,725 + $12 + $240 - $7 - $25

= $3,945

7 0
3 years ago
In an effort to provide some structure to the value perspective, David Garvin of the Harvard Business School identified eight di
mel-nik [20]

Answer:

the product or service was made according to the specifications

Explanation:

Professor <em>David Garvin </em>of Harvard University proposes 8 components or dimensions of quality in order to make the concept of quality of a product or service more operational and favor the understanding of how Quality Management can be applied in companies, both manufacturing and services.

1. Performance

2. Features

3. reliability

4. Conformity to the design

5. Durability

6. Quality in service

7. Aesthetics

6 0
3 years ago
When the Fed wants to expand the money supply through open market operations, it:______
Volgvan

Answer:

A.

Explanation:

When the Fed wants to expand the money supply through open market operations, it purchases government securities from member banks. They do this in order to control the amount of money that travels through the countries banking system so they can move along with the monetary policies that they have in place.

6 0
3 years ago
Other questions:
  • Documents with a lot of text and not much white space:_______
    11·1 answer
  • Consider a university that purchases replacement chairs for its classrooms. The purchasing manager knows that the annual demand
    5·1 answer
  • Suppose that when the price of a certain commodity is p dollars per unit, then x hundred units will be purchased by consumers, w
    8·1 answer
  • An economy is employing 2 units of capital, 5 units of raw materials, and 8 units of labour to produce its total output of 640 u
    11·1 answer
  • When demand shocks lead to recessions, it is mainly due to unexpected changes in the:________.
    10·2 answers
  • Sherman Peabody earns a monthly salary of ​$1,500​, which he receives at the beginning of each month. He spends the entire a
    13·1 answer
  • Murphy Printers ​(MP) manufactures printers. Assume that MP recently paid $ 500 comma 000 for a patent on a new laser printer. A
    10·1 answer
  • HELP ME PLSSS SOMEONE HELPP ILL GIVE BRAINLIEST
    15·1 answer
  • Among the advantages of cycle counting is that it: allows more rapid identification of errors and consequent remedial action tha
    6·1 answer
  • What is the duty of the designated rbs certified person at a non-profit organization's temporary alcohol event?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!