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mestny [16]
3 years ago
5

Net income for the year was $29,500. Accounts receivable increased $2,500, and accounts payable increased $5,400. There were no

other changes in noncash current assets and liabilities. Under the indirect method, the cash flow from operations is $32,400. T/F
Business
1 answer:
mylen [45]3 years ago
4 0

Answer:

True

Explanation:

The net cash flow for the year can be calculated using the following equation:

net cash flow = net income + accounts payable - accounts receivable

net cash flow = $29,500 + $5,400 - $2,500 = $32,400

We have to subtract accounts payable since they were included in the net income but the cash has not been received yet.  

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An end-of-aisle price promotion changes the price elasticity of a good from −2 to −3. Suppose the normal price is $34, which equ
Vika [28.1K]

Answer:

MC = $17

P = $25.5

Explanation:

We proceed as follows;

Firstly calculate MC when e = -2, where MR = MC

(P-MC) / P = 1 / IeI

Here P = $34 and e = -2

(34 - MC) / 34= 1/ I-2I

(34 - MC) / 34= 1 / 2

78-2MC = 34

2MC = 34

MC = 34/2

MC = 17

Now, as we have MC, we will calculate the new price when e = -3

(P-MC) / P = 1 / IeI

(P - 17) / P = 1 / I-3I

(P - 17) / P = 1 / 3

3P -51 = P

2P = 51

P = 51/2

P = 25.5

8 0
4 years ago
Which NIMS Management Characteristic may include gathering, analyzing, and assessing weather service data from technical special
brilliants [131]

Answer:

Information and intelligence management

Explanation:

NIMs which stands for national incident management system.  it is a system that direct all sort of organisation whether is is government, private or non government to work for prevention , respond to any incident occurs.

it is collective effort from all above organisation for prevention of any incident.

Information and intelligence management is one main characteristics of NIMS which gather all important information regarding any incident.

five steps of this characteristics are

planning and direction of work

collection of raw information

processing work

analysis of information

and circulation of information through various source

8 0
3 years ago
Johnny bought a crystal vase originally priced at $100 but on sale for 80% off. After 5% sales
RSB [31]

Answer:

$21

Explanation:

Crystal Vase was originally priced as $100

80% off: 80% = 80/100 = 0.80

100 x 0.80 = 80

Subtract the amount that is off from the original amount:

100 - 80 = 20

Add sales tax. Sales tax is 5% or 0.05 of the amount.

20 x 0.05 = 1

20 + 1 = 21

$21 is your answer.

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8 0
3 years ago
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The economic profit is $320,000-$250,000=$70,000.

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2 years ago
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2 years ago
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