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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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The amount of annual depreciation by the straight-line method is $18,800.

<h3>Annual depreciation</h3>

a.  Annual depreciation

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Annual depreciation=$18,800

b. Annual depreciation

Year 1 Annual depreciation= 10% × $80,000

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Therefore the amount of annual depreciation by the straight-line method is $18,800.

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B. May carry Staphylococcus.

Explanation:

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Clothing maker Patagonia states that its purpose as an organization is to "build the best product, cause no unnecessary harm, [a
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Answer:

The question is missing the options as given below:

A. mission statement

B. belief statement

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D. code of ethics

E. management pledge

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The mission statement shows in summary form the vision,core values as well as statement of goals and objectives of an establishment.

Building the best product is the prioritized goal of Patagonia,since having the best product places it in the forefront in terms brand recognition,hence increased sales.

Core value here is ensuring no unnecessary harm is caused by  way of injuries sustained in the course of pursuing its objectives.This implies that Patagonia is responsible corporate citizen in the area of complying with  best practice in safety procedures.

The vision of the company is to implement solutions to environmental challenges through business inspiration.

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yaroslaw [1]

Answer:

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