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Veseljchak [2.6K]
3 years ago
14

Calculate cash flows from operations –indirect method. Net income was $67,100; accounts receivable decreased by $19,500; invento

ry increased by $10,800; proceeds from the issuance of long-term debt were $22,500; accounts payable decreased by $6,200; equipment purchases were $75,000; depreciation and amortization expense was $36,000. Calculate the net cash provided (used) by operating activities for the period.
Business
1 answer:
Mariana [72]3 years ago
8 0

Answer:

105,600

Explanation:

Cashflow from operations (CFO) is calculated as below:

CFO = NI + NCC - WCInv, where:

NI: Net income;

NCC: Non-cash charges, which is depreciation in this case;

WC: Working capital investment, which is calculated as Changes in inventories + Changes in receivables - Changes in payables.

CFO = 67,100 + 36,000 - [10,800 + (-19,500) - (-6,200)] = 105,600

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A. The government should implement subsidies as they would help domestic businesses be able to afford to lower the prices of their goods and thus become more competitive.

Explanation:

The government adoption of subsidies in order to support domestic telecommunication is the most effective solution in the long run. Domestic firms will be able to compete with lower prices as the cost and expenses structure would have a lighter burden over revenue.

4 0
4 years ago
Read 2 more answers
Derek, a cash basis, unmarried taxpayer, had $1,580 of state income tax withheld during 2019. Also in 2019, Derek paid $158 that
Anvisha [2.4K]

Answer:

$0

Explanation:

The deductions made as seen were in the year 2019.

If Derek elects to take standard deduction in filling federal income tax return, the amount of refund will not be taxable and not to be included in 2020 gross income

Hence, no tax benefit rule applies as the standard deduction was taken in 2019.

Amount of refund that will be included in 2020 gross income is thus $0

3 0
3 years ago
__________ capital increases cooperation among individuals inside and outside the firm. a. Human b. Visionary c. Social d. Cultu
VARVARA [1.3K]

Social capital increases cooperation among individuals inside and outside the firm.

What is social capital ?

Social capital allows a group of people to work together effectively to achieve a common purpose or goal. It allows a society or organization, such as a corporation or a nonprofit, to function together as a whole through trust and shared identity, norms, values, and mutual relationships.

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brainly.com/question/21804032

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4 0
2 years ago
The balance sheet of Hidden Valley Farms reports total assets of $450,000 and $550,000 at the beginning and end of the year, res
Vadim26 [7]

Answer:

$50,000

Explanation:

Total Assets  at beginning                          $450,000

Total Assets at end                                    $550,000

Total Assets                                                $1,000,000

Average Total Assets=Total Assets/2=$1,000,000/2=$500,000

Return on assets=Net Income/Average Total Assets

10%=Net Income/$500,000

Net Income=$500,000*10%

Net Income=$50,000

7 0
3 years ago
If you have fully funded your 401(k) and profit-sharing plans up to the allowable limits, then you may want to put away more mon
jenyasd209 [6]

Answer:

annuity

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Retirement annuities are helpful because they can guarantee a steady income during your retirement years. They can be either fixed retirement annuities (they provide a fix amount of money until you die) or variable annuities where the amount of money depends on how well your investments perform.

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3 years ago
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