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koban [17]
3 years ago
12

Staley Inc. reported the following data:Net income $396,200Depreciation expense 61,250Loss on disposal of equipment 27,600Increa

se in accounts receivable 9,000Increase in accounts payable 3,350Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required.Staley Inc.Statement of Cash Flows (partial)
Business
1 answer:
Anvisha [2.4K]3 years ago
3 0

Answer:

  $479,400

Explanation:

The preparation of the Cash Flows from Operating Activities - Indirect Method is presented below:

Cash flow from Operating activities - Indirect method

Net income $396,200

Adjustment made:

Add : Depreciation expense $61,250

Add: Loss on disposal of equipment $27,600

Less: Increase in accounts receivable -$9,000

Add: Increase in accounts payable $3,350

Total of Adjustments $83,200

Net Cash flow provide by Operating activities        $479,400

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In the computation of the manufacturing cost per equivalent unit, the weighted average method of process costing considers A. cu
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Answer: The correct answer is "B. current costs plus cost of beginning Work-in-Process Inventory".

Explanation: The weighted average method of process costing takes into account the costs of the initial inventory since this method calculates the unit cost of the units by means of the number of units and the total cost of them. Therefore the weighted average will drag the costs of the initial inventory.

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3 years ago
Byron is a wealthy tycoon who makes his money buying and selling stocks. This is an example of _____ income.
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3 years ago
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Generally, a high ___________ ratio could lead investors and creditors to view the company as being very risky debt to owners' e
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High <u>debt to owner's equity ratio. </u>

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3 years ago
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Which of the following pieces of information is needed to compute flow time at a dentist's office?
vladimir2022 [97]

Answer:

C. Arrival time of patients.

Explanation:

Flow time is a term used in business operations to describe the quantity of period or duration a flow unit such as the number of customers attended to, commodities produced, etc, consumes in a business operation from start to finish. It can be calculated by the formula T = I/R

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Hence, in this situation, the information that is needed to compute flow time at a dentist's office is option C Arrival time of patients.

6 0
3 years ago
Bear Tracks, Inc., has current assets of $2,280, net fixed assets of $10,400, current liabilities of $1,405, and long-term debt
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Answer: $7185

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As per the subject matter of accounts, every asset that is owned by an organisation is either financed by the available funds or some liability is taken to buy it. This could be illustrated as follows :-

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Putting the values into equation we get :-

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3 years ago
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