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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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The formula Nequalspplus0.02p models the new​ population, N, of a town with current population p if the town is expecting popula
Llana [10]

Answer:

4284 persons

Explanation:

The new population of the town will be computed as:

Increase in population = Current population × Increase in population %

where

Current population is 4200 persons

Increase in population % is 2%

Putting the values above:

= 4200 persons × 2%

= 84 persons

So, the new population would be:

New population = Current population + Increase in population

= 4200 + 84 persons

= 4284 persons

Therefore, next year, there would be 4284 persons

5 0
3 years ago
A credit sale of $750 is made on June 13, terms 2/10, net/30. A return of $50 is granted on June 16. The amount received as paym
saveliy_v [14]

The amount received as payment in full on June 23 is $686

Explanation:

Given ,

Credit sale of $750

Terms 2/10, net/30

$50 is granted on June 16

= (750-50)x 0.98

= 700 x 0.98

= 686

The payment is reported as a repayment to the accounts receivable. Make an equivalent debit to the bank account to accept the earned money as a payment

4 0
3 years ago
You have found an asset with 12.60 percent arithmetic average return and a 10.24 percent geometric return. Your observation peri
adoni [48]

Solution:

In years      Best estimate of return            Working note

5                   12.36%              ((5-1)/(40-1)*0.1024)+((40-5)/(40-1)*0.126)

10                   12.06%             ((10-1)/(40-1)*0.1024)+((40-10)/(40-1)*0.126)

20                    11.45%               ((20-1)/(40-1)*0.1024)+((40-20)/(40-1)*0.126)

The formula for the return on assets is calculated by dividing the net income by the total average assets. The profit margin and total asset sales can also be represented as a consequence of this ratio. For the calculation of the total asset return, either formula may be used.

7 0
3 years ago
In the last few decades, the female incarceration rate has grown ____%.
denpristay [2]
<span>The 646 percent growth in women in prison is significant compared to 419 growth in males that are incarcerated. Approximately 1 in 14 prisoners are female. The reasons range from petty crimes to capital murder. The lack of resources of single females may be leading to the drastic rise in percentage of women incarcerated.</span>
5 0
4 years ago
A company made a profit of $75,000 over a period of 6 years on an initial investment of $15,000. What is its annualized ROI?
Slav-nsk [51]
Return on  Investment = 83% or 0.83

total Profit = 75000
term = 6 yrs
annual profit = 75000 / 6 = 12500
initial investment = 15000

ROI = Net  Profit / Total Asset
       = 12500 / 15000
       = 0.83  or  83% (0.83 x 100%)
6 0
3 years ago
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