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Andrew [12]
4 years ago
6

Earned net income of $ 72,000 after deducting depreciation of $4,000 and all other expenses. Current assets decreased by $3,000​

, and current liabilities increased by $8,000. How much was The Watch Shop's cash provided by operating activities​ (indirect method)?
Business
1 answer:
geniusboy [140]4 years ago
3 0

Answer:

$87,000

Explanation:

The computation of the cash provided by operating activities​ (indirect method) is given below:

Cash flow from Operating activities

Net income $72,000

Add: Depreciation expense $4,000

Add: Current assets decreased $3,000

Add: Current liabilities increased $8,000

Net Cash flow provided by operating activities $87,000

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Palladia specializes in the production of beef and produces beef more efficiently than any other country. It buys wheat, which i
SashulF [63]

Answer:

Comparative advantage

Explanation

Comparative advantage is a theory that refers to the ability to produce products at a lower opportunity costs than others. This concept means that if a country is better than other producing two products, specialization still can happen as the second country can produce one of the products better and it will specialize as it has a comparative advantage and like that each country focuses on what they can produce more efficiently.

6 0
3 years ago
Dave owns 15 shares of ABC mining stock. on monday the value of each shares rose $2 but on tuesday the value fell $5. what is th
IgorC [24]
First, the value of each share rose by 2. So we have +2.

Then it fell by 5. So we have
2 - 5 = -3

Each share has a net value of negative 3.
Dave owns 15 shares. So,
15 * (-3) = -45.
So, there is a net loss of $45.
8 0
3 years ago
What is the purpose of insulation
Crazy boy [7]
The purpose of insulation is to slow the rate of heat transfer.. in cold climates, it is intended to stop the flow of heat out of the building. In hot climates, it’s purpose is to slow the movement of heat into the building.
3 0
4 years ago
The government imposed a fine on the Not-So-Legal Company. The fine calls for a payment of $100,000 today, $150,000 one year fro
belka [17]

Answer:

The amount after 2 years will be $460590

Explanation:

The payment which is done 2 year from today = $200000

The payment which is done one year from today = $150000

Rate of interest = 3 %

So the amount after 1 year

A=P(1+\frac{r}{100})^n=150000(1+\frac{3}{100})^1=$154500

The amount which is done today = $100000

So amount after 2 years

A=P(1+\frac{r}{100})^n=100000(1+\frac{3}{100})^2=$106090

So total amount after 2 years = $106090+$154500+$200000 = $460590

8 0
3 years ago
At the beginning of the year, the Finance Committee and the Planning Committee of a certain company each had n members, and no o
Alexus [3.1K]

The ratio of the total number of members who left at the end of the year to the total number of members at the beginning of the year was 1:6.

There were 24 members on the Finance Committee at the beginning of the year.

Explanation:

We are given that at the beginning of the year, the Finance Committee and the Planning Committee of a certain company each had n members, and no one was a member of both committees. At the end of the year, 5 members left the Finance Committee and 3 members left the Planning Committee.

First, we see that the total number of members of both committees at the beginning of the year is 2n. Also, since 5 members left the Finance Committee, the number of members who are on the Finance Committee at the end of the year is n – 5 and since 3 members left the Planning Committee, the number of members who are on the Planning Committee at the end of the year is n – 3.

We need to determine the value of n.

Considering the Statement  in the question

The ratio of the total number of members who left at the end of the year to the total number of members at the beginning of the year was 1:6.

We know that a total of 8 individuals left the committees at the end of the year. Using the information in statement one we can set up the following equation:

(number of members who left)/(members at the beginning)

8/(2n) = 1/6

Cross-multiplying, we obtain:

48 = 2n

24 = n

Thus, there were 24 members on the Finance Committee at the beginning of the year.  

4 0
4 years ago
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