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denis23 [38]
3 years ago
15

Laser World's income statement reported total revenues, $870,000 and total expenses (including $44,000 depreciation) of $755,000

. The balance sheet reported the following: Accounts Receivable—beginning balance, $58,000 and ending balance, $60,500; Accounts Payable—beginning balance, $26,500 and ending balance, $32,500. Therefore, based only on this information, the net cash flows from operating activities were:
$162,500.

$155,500.

$118,500.

$150,500.
Business
1 answer:
svp [43]3 years ago
4 0

Answer: The net cash flows from operating activities is $162,500.

Explanation:

Laser World's

Net cash flows from operating activities

Net income ($870,000 - $755,000)                                $115,000

Add back depreciation                                                        44,000

Increase in accounts receivable ($60,500 - 58,000)        (2,500)

Increase in accounts payable ($32,500 - 26,500)             6,000

Net cash flows from operating activities                     $162,500

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4 years ago
Madeline is a research assistant for her favorite biology professor, Dr. Ogechi. Dr. Ogechi is interested in studying the effect
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Answer:

D

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3 0
3 years ago
Fabian’s factory produces and sells computers and gaming consoles. Over time, he determined that he could produce gaming console
Alona [7]

Answer:

D. Opportunity cost.

Explanation:

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6 0
3 years ago
[30 PTS + BRAINLIEST]
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Answer:

C

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A farmer would want to look at the economic status of the US because his goal is to sell as much wheat as possible and make the most profit. If he pays no attention to the economy and there's a recession but he still sells his wheat at the normal price, people whose stocks are going down and who are losing money will be unable to, and unwilling to, pay the price. Thus, the farmer must inspect the changing economic statuses of the US to determine the best and most effective way to market out his wheat to the public.

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3 0
4 years ago
Read 2 more answers
Fargo Company's outstanding stock consists of 600 shares of noncumulative 5% preferred stock with a $10 par value and 3,200 shar
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Answer:

$300 and $21,700 respectively.

Explanation:

Preference Stock has preference when it comes to payment of dividends. So the dividend declared is first paid to Preference Stock holders then the remainder to Common Stock Holders.

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Common Stock Dividend :

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3 0
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