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LenKa [72]
2 years ago
8

Fidelity Systems reports net income of $81 million. Included in that number is depreciation expense of $9 million, and a gain on

the sale of equipment of $1 million. Records reveal increases in Accounts Receivable, Inventory, and Accounts Payable of $3 million, $3 million, and $3 million, respectively. Calculate Fidelity's net cash flows from operating activities using the indirect method. (Negative value should be indicated by minus sign. Enter your answer in millions.)
Business
1 answer:
Lerok [7]2 years ago
5 0

Answer:

$86 million

Explanation:

The computation of the net cash flows from operating activities using the indirect method is shown below:

Cash flows from operating activities

Net income $81 million

Add: depreciation expense $9 million

Less: Gain on sale of equipment -$1 million

Less: Increase in account receivable -$3 million

Less: Increase in inventory -$3 million

Add: Increase in account payable $3 million

Net cash flows from operating activities $86 million

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Answer:

D. project completion constraints

Explanation:

project completion constraint can be described as condition that influence the action or set of action that are involved in the completion of the project team, and this result in frequent change requests from client.

These could be time, cost and scope.

Therefore, among the given options, option D is correct.

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3 years ago
The Walthers Company has a semi-annual coupon bond outstanding. An increase in the market rate of interest will have which one o
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Answer:

The answer is D.

Explanation:

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If a company was trying to find the best production strategy which maximized their total profits using an optimization model, th
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Answer: Constraint

Explanation:

The company data is not attached but this should be correct.

Constraints enable companies and entities to engage in sensitivity analysis which would enable them find out optimal quantities of production and production strategy.

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2 years ago
If you had a bank account, which two methods of completing transactions do you think you would use most frequent?
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3 years ago
Read 2 more answers
Exercise 15-14 Presented below are two independent situations. 1. Flinthills Car Rental leased a car to Jayhawk Company for one
IrinaVladis [17]

Answer:

Part 1

Dr Lease rentals $300........ Expense

Cr     Cash Account $300

Part 2

Dr Leased Equipment $63,536

Cr Finance Lease Liability  $63,536

Explanation:

Part 1. Under the operating leases the lessee pays the monthly rentals which must be accounted for as an expense and the double entry is as under:

Dr Lease rentals $300........ Expense

Cr     Cash Account $300

Part 2. Under the finance lease agreement, the lessee pays the value of the asset and the interest as well. So after the date of agreement when the asset is handed over the journal entry would be recording of the equipment received, which would written at its fair value or present value of the payments made. The journal entry would be:

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