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ziro4ka [17]
3 years ago
11

A company had net income of $234,665. Depreciation expense is $21,819. During the year, Accounts Receivable and Inventory increa

sed by $14,768 and $26,484, respectively. Prepaid Expenses and Accounts Payable decreased by $3,796 and $7,537, respectively. There was also a loss on the sale of equipment of $7,964. How much cash was provided by operating activities?

Business
1 answer:
Tpy6a [65]3 years ago
7 0

Answer:

Cash generated from operating activities is $219,455

Explanation:

Because it starts from Net income, this is an indirect method. Indirect method starts with Net income.

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Research and development, production, marketing and sales, and customer service are all examples of _____.
Vinil7 [7]
<span>They are all examples of primary activities. They are a part of Michael Porter's value chain, and they provide an edge to the company that performs them. They aim to make a value that outvalues the cost of performing the activities, and make the company a profit as a result.</span>
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3 years ago
Bacchus Enterprises has $12B in book value of common stock selling at a book to market rate of 1.35 and a beta of 1.5. The combi
goldfiish [28.3K]

Answer: 16.3%

Explanation:

Given the details in the question, the cost of preferred capital can be calculated using the CAPM method.

Cost of preferred stock using the Capital Asset Pricing Model is:

= Risk free rate + Beta * ( Market return - Risk free rate)

= 4% + 1.23 * (14% - 4%)

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3 years ago
Abigail (Abby) Boxer, age 38, is a single mother (birthdate April 28, 1982) working as a civilian accountant for the U.S. Army.
DochEvi [55]

Answer:

Step 1 of 4

Aby is a single mother with a dependent child. She files Form 1040A. The form is attached herewith.Some of the highlights are given below:

• Gross Income is calculated as follows.

• Adjusted gross income is same as gross income as there are no deductions for AGI. So, adjusted gross income is $42,730 (line 21).

• Standard deduction under Head of Households is $8,700 (line 24).

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3 years ago
Paper Clip Company sells office supplies. The following information summarizes the​ company's operating activities for the​ year
nydimaria [60]

Answer:ummarizes the​ company's operating activities for the​ year: Utilities for the store ​$ 10 comma 300 Sales commissions 10 comma

Paper Clip Company sells office supplies. The following information summarizes the​ company's o

Explanation:ies for the store ​$ 10 comma 300 Sales commissions 10 comma 300 Sa

ies. The following information summarizes the​ company's operating activities for the​ year: Utilities for the store ​$ 10 comma 300 Sales commissions 10 comma 300 Sales revenue 164 comma 100 Purchases of merchandise 89 comma 000 January 1 inventory 27 comma 400 Rent for st

4 0
3 years ago
On March 1, a designer received a check for $7,500 from a customer for services to be provided after the customer chose a color
lora16 [44]

Answer:

unearned service revenue 7,500 DEBIT

       service revenue 7,500 CREDIT

Explanation:

the job is complete on July 31th

so <em>we write-off the unearned service reveue</em>

and <em>we recognize the service revenue </em>for the whole amount of the contract

The cash receipt occurs on March 1st so w edon't haveto post anythign related to cash on July 31th.

the unearned revenue account is used first because the business has the obligation of perform the job or return the cash. So it is a liablity until the job is completed

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4 years ago
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