Answer:
$325,500
Explanation:
The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:
Cash flow from Operating activities - Indirect method
Net income $240,000
Adjustment made:
Add : Depreciation expense $52,000
Add: Decrease in accounts receivable $5,000
Add: Decrease in inventory $15,000
Add: Increase in accounts payable $14,000
Less: Increase in prepaid expenses -$500
Total of Adjustments $85,500
Net Cash flow from Operating activities $325,500
This is the answer and the same is not provided in the given options
Answer:
Banks are owned by shareholders, while credit unions are owned by members
Explanation:
Banks are financial institutions established by the founders to make profits. Due to their capital requirements, banks are large corporations owned by the private sector or government. Like other corporations, the owners of a bank are its shareholders.
Large organizations form credit unions to cater to their employees well being. Credit unions are not for profit organizations since they are formed to cater to its members' well beings. It means membership to the credit union is limited to the founding organization's employees unless otherwise stated. The members of the credit unions are its owners.
Answer:
THE ROLE OF BUSINESS DEVELOPMENT SERVICES. In the context of this study, business development services are defined as those non-financial services and products offered to entrepreneurs at various stages of their business needs. These services are primarily aimed at skills transfer or business advice
