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2 years ago

Common uses of the statement of cash flows include all but which of the following?

Business

1 answer:

Sphinxa [80]2 years ago

8 0

Answer: Option D

Explanation: Cash flow statement is a type of financial statement which shows the sources and uses of cash for a specified period in the form of cash inflows and outflows.

Cash flow statement is used by the management to evaluate the performance and for making plans for future. It is also used by potential investors for evaluation purposes.

Government do not need cash flow to asses ability of the company. The tax obligation on a company is calculated on its income which is shown by other financial statements like income statement.

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All professional athletes earn a lot of money. wes plays professional football so he makes a lot of money. what type of reasonin

Andru [333]

I believe the answer is: inductive reasoning

In inductive reasoning, the premises would be viewed as some sort of supply of evidence for the general conclusion. In the example above,

"all professional athletes earn a lot of money" is the premise that is used as some sort of evidence for " wes makes a lot of money", which is the speaker's conclusion.

4 0

2 years ago

Read 2 more answers

The fish in the river are consideredrival in consumption andexcludable whereas the fish in the private pond are and . In other w

Paladinen [302]

Answer:

... whereas the fish in the private pond are rival in consumption and excludable.

... the fish in the river are an example of common resource, and the fish in the private pond are an example of private good.

* the first sentence is wrong, the fish in the river are nonexcludable since anyone can fish on the river, or at least try to.

Explanation:

If a good is rival in consumption, it means that if one person consumes it, it will lower the ability of another person to consume the good.

If a good is excludable, ten it can only be consumed by those that are willing and able to pay for it.

When a good is both nonexcludable and rival in consumption, it s a common resource.

A private good is both rival in consumption and excludable

5 0

2 years ago

Velco purchased a delivery truck at the beginning of Year 1 at a cost of $60,000. The truck is estimated to have a useful life t

Alenkinab [10]

Answer:

$10,000

Explanation:

Depreciation of an asset is the systematic allocation of estimated cost to an asset over time. It is added over the years to get the accumulated depreciation that is netted off the cost to get the net book value.

It is given as

Depreciation = (Cost - Salvage value)/Estimated useful life

Depreciation expense for Year 1 (the first year of the asset's life) under the straight-line method would be

= ( $60,000 - $10,000 ) / 5

= $50,000/5

= $10,000

5 0

2 years ago

During 2017 the DLD Company had a net income of $85,000. In addition, selectedaccounts showed the following changes: Accounts Re

miv72 [106K]

Answer:

A) $84,500

Explanation:

The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.

The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.

The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.

Hence, amount of cash provided by operating activities

= -$3,000 + $1,000 + $1,500 + $85,000

= $84,500

The increase in asset other than cash is an outflow, increase in liability is an inflow of cash. Depreciation is a non-cash item added back while increase in building and bond payable are investing and financing activities respectively.

7 0

2 years ago

Match the steps for conducting an informational interview with the task involved in each step or its purpose.

notsponge [240]

Explanation:

Informational interview is a bit different interview than a conventional interview. In this interview, a person seeks information from the interviewer. For example if you wish to take an interview of a scientist, you are actually seeking information from him.

In this question, the steps for conducting an informational interview match the following tasks:

1) Research your chosen career field.

a) Learn more about the company that interests you.

2) Identify someone to interview.

b) Make contact through email, a phone call, or mail to arrange the meeting.

3)Prepare for the interview

c) Choose a conservative, professional ensemble to wear

4) Conduct the informational interview

d) Encourage the interviewer to do most of the talking while you take notes

5) Follow up with your interviewer

e) Write a handwritten thank you letter to express that you want to say in touch.

6 0

3 years ago