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fomenos
3 years ago
11

Baxter Company reported a net loss of $13,000 for the year ended December 31. During the year, accounts receivable decreased by

$5,000, merchandise inventory increased by $8,000, accounts payable increased by $10,000, and depreciation expense of $4,000 was recorded. During the year, operating activities;a. used net cash of $2,000b. provided net cash of $8,000c. provided net cash of $2,000d. used net cash of $8,000
Business
1 answer:
stepan [7]3 years ago
6 0

Answer:

a. used net cash of $2,000

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net loss -$13,000

Adjustment made:

Add : Depreciation expense $4,000

Add: Decrease in accounts receivable $5,000

Less: Increase in inventory -$8,000

Add: Increase in accounts payable $10,000

Total of Adjustments $11,000

Net Cash flow from Operating activities                   -$2,000

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Which potential biological food safety hazard does smoking in food storage and prep areas cause?
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Answer:

Which potential biological food safety hazard does smoking in food storage and prep areas cause?

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4 years ago
Suppose Ruston Company has the following results related to cash flows for 2017:
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Answer &  Explanation:

+700,000 Loan

-500,000 Dividends paid

+200,000 Other adjustment

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5 0
3 years ago
NNR Inc.'s balance sheet showed total current assets of $1,875,000 plus $4,225,000 of net fixed assets. All of these assets were
Finger [1]

Answer:

d. $5,475,000

Explanation:

For computing the total investor-provided operating capital, first we have to compute the total assets and total current liabilities which is shown below:

Total assets = Current assets + net fixed assets

                    = $1,875,000 + $4,225,000

                    = $6,100,000

Now the total current liabilities = Accounts payable + short term notes payable + accrued wages and taxes

= $475,000 + $375,000 + $150,000

= $1,000,000

Now the long term liabilities would be

= $6,100,000 - 1,000,000

= $5,100,000

So, the  total investor-provided operating capital would be

= Long term liabilities  + short term notes payable

= $5,100,000 + $375,000

= $5,475,000

5 0
3 years ago
A major advantage of job specialization in business is increased _________. motivation opportunity for advancement opportunity f
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Answer:

Productivity.

Explanation:

Productivity is commonly defined as a ratio between the output volume and the volume of inputs. In other words, it measures how efficiently production inputs, such as labour and capital, are being used in an economy to produce a given level of output.

3 0
3 years ago
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