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coldgirl [10]
3 years ago
12

A company's income statement showed the following: net income of $124,000 and depreciation expense of $30,000. An examination of

the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9,400; merchandise inventory increased $18,000; prepaid expenses decreased $6,200; accounts payable increased $3,400. Calculate the net cash provided or used by operating activities. Be sure to show your work
Business
1 answer:
shutvik [7]3 years ago
8 0

Answer:

$155,000

Explanation:

The computation of the net provided or used by operating activities is shown below:    

Cash flow from operating activities

Net income $124,000

Add: depreciation expense $30,000

Add: Decrease in account receivable $9,400

Less: Increase in merchandise inventory -$18,000

Add: Decrease in prepaid expense $6,200

Add: Increase in account payable $3,400

Net cash provided by operating activities $155,000

The cash outflow shown in a negative sign while the cash inflow shown in a positive sign

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A statement of cash flows usually does not include which of the following?
dalvyx [7]

Answer:

c.

Explanation:

A cash flow statement is a financial report that a company creates and completely details where the company's is receiving money from as well as how that money is being spent throughout a certain time period. Based on the answers provided, it can be said that all of them are part of a cash flow statement except for Contributed Capital. This is a the total value of the stocks that shareholders purchased from the company. Even though this is a money input for the company it does not get included in the cash flow statement.

4 0
3 years ago
What does the phrase "on the market" describe? A. Plans for making commodities available for sale or trade B. Ways producers com
vladimir2022 [97]

Answer:

<u>A. Plans for making commodities available for sale or trade</u>

Explanation:

  • As a market is a place where all the goods and commodities are brought for sale the products and services that exist in the market or on the market are those that brought for the consumption by the people.
  • This involves the plans for buying and selling in the market to get a good amount of returns. Off the market means the properties that are for sale but are not available for the purchase. Hence the products are based on the availability of the market conditions.
4 0
3 years ago
Read 2 more answers
Assume the U.S. dollar and the Canadian dollar are traded in flexible currency markets.
erica [24]

Answer:

B. Higher interest rates in the United States relative to Canada.

D. Decreasing GDP in the United States than in Canada.

Explanation: A flexible currency market is market where the exchange rate is determined by some economic factors which includes

High interest rate- if the interest rate on the United States is higher than that in Canada most investors will be moved to Borrow money from Canada instead of Borrowing from United States leading to reduced demand for The United States dollar which will lead to depreciation of the United States Dollar.

Decreasing GDP- when the gross domestic product of the United States economy decreases the general productivity level in the United States is decreased which will discourage foreign investors from investing in the United States leading to reduced demand for the United States Dollar.

7 0
4 years ago
Supplier power tends to be highest in industries with all of the following attributes: (1) the supplier’s product is vital to bu
kenny6666 [7]

Answer:

the correct answers are

(1) the supplier’s product is vital to buyers;

(2) switching from one supplier to another is very costly

the 3rd answer is INCORRECT.

Explanation:

If there are many suppliers to chose from, then the supplier bargaining power is low.

7 0
3 years ago
Explain the point of view of why the gender pay gap in sports is reasonable.
Svetach [21]

Answer:

In the world of sports, there is a notorious wage gap between men and women, in which male athletes earn much higher wages than women. Thus, for example, the best soccer player in the world, the Argentine Lionel Messi, earns about $ 100 million a year, while the best-paid female soccer player is the American Alex Morgan, who earns about $ 500,000 a year.

This huge gap has its logic in the world of advertising: men, due to physical and anatomical characteristics, have a better performance in sports in general (with some exceptions), with which their performance is more spectacular than that of female athletes, thus generating a larger audience and, therefore, generating higher advertising revenue. Because of this situation, that is, to generate higher income, it is that male athletes earn more money than female athletes.

6 0
3 years ago
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