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Vesnalui [34]
3 years ago
9

North Company has other operating expenses of $360,000. There has been a decrease in prepaid expenses of $16,000 during the year

, and accrued liabilities are $24,000 larger than in the prior period. Using the direct method of reporting cash flows from operating activities, what were North's cash payments for operating expenses?
Business
1 answer:
Lelu [443]3 years ago
4 0

Answer:$344,000 which is ($360,000-$16,000)

Explanation:

Cash flow from operating activities refers to cash inflow and outflow in ordinary course of business as it relates to sales, purchases, wages, salaries etc. The direct method of cash flow it's strictly concerned with actual cash inflow and outflow for the period. The decrease in prepaid expenses is deducted since it's an outflow, while the accrued liability is of no effect since it's not a cash movement.

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3 years ago
In February, when Jane, the manager of a landscaping company, is looking at the upcoming need for more workers to handle the inc
Katena32 [7]

Answer:

B. organizing

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4 years ago
If washburn guitars were to lower the price of the maya pro dd75 to $2,499 from $2,699, sales of the guitar would increase 30 pe
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The effect of the decrease in the price of the guitars illustrates an elastic demand.

<h3>What does the price change illustrate?</h3>

The first step is to determine the percentage change in the price of the guitars.

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Now, determine the price elasticity of demand =30 /  -7.4% = -4.1

The coefficient of elasticity is greater than 1 in absolute terms, thus the demand is elastic.

To learn more about price elasticity of demand, please check: brainly.com/question/18850846

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8 0
2 years ago
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alexgriva [62]

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3 years ago
20 points easy …………………….
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Answer:

D.....................................

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