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
Techniques to increase productivity in the performance of discrete tasks, by requiring less human labor in each step of the prod
goldfiish [28.3K]
I think it’s C !!!!!!!!!!!!!!!!!
7 0
3 years ago
True or False:The ability to process information and multi-task continues to diminish with every drink.
Simora [160]
The answer for your question is true

3 0
2 years ago
Read 2 more answers
Break-Even Sales and Sales to Realize Income from Operations
strojnjashka [21]

Answer and Explanation:

The computation is shown below:

a.

Contribution per unit

= Selling price per unit - Variable costs per unit

= $300 - $200

= $100 per unit

Now  

Break even point (units)

= Fixed costs ÷ Contribution margin per unit

= $14,000,000 ÷ $100

= 140,000 units

And,

b)

Sales units required for a target profit of $1,400,000

So,

= (Fixed costs + Target profits) ÷ Contribution margin per unit

= ($14,000,000 + $1,400,000) ÷ $100

= 154,000 units

4 0
2 years ago
Harry was on the phone negotiating the terms of a contract for the purchase of ball caps containing his university's logo with A
Andreas93 [3]

Answer: d. No, a contract has not been formed, since Harry has not signed a contract for the goods.

Explanation:

The Uniform Commercial Code (UCC) utilizes the Statute of Frauds which states that contracts for goods worth over $500 in value are to be signed for them to be valid.  

The goods here are worth:

= 1,200 * 2

= $2,400

This contract is well worth over the $500 required for the contract to be signed which means that as Harry did not sign the contract, there is no contract.

6 0
2 years ago
What are free goods?
nadezda [96]

they are a food or type of necessity given at no cost or profit

7 0
3 years ago
Other questions:
  • Butler Corporation is considering the purchase of new equipment costing $84,000. The projected annual after-tax net income from
    15·2 answers
  • U.S. real gross domestic product changed from $14.2 trillion in 2005 to $14.8 trillion in 2010. During that same time period, th
    13·1 answer
  • Tanya buys a certain brand of soft drink only when she gets discount coupons for it. she discontinues purchasing it when the dis
    15·1 answer
  • How does CSS differ from HTML?
    5·1 answer
  • The St. Louis Symphony is an example of what type of organizational customer? A. Government B. Wholesaler C. Intermediary D. Res
    8·1 answer
  • Coverage on a One-Vehicle Accident. Bill Converse of Rexburg, Idaho, recently had his truck slide off a gravel road and strike a
    12·1 answer
  • What is the new law the American government enacted for promoting small businesses in the country?
    15·1 answer
  • For product X, the price elasticity of demand has an absolute value of 3.5. This means that quantity demanded will increase by
    7·1 answer
  • The control systems used in international firms include: personal, bureaucratic, output and Blank______.
    7·1 answer
  • If the price of verizon cell phones increases, what will happen to the demand curve for verizon sales people?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!