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3 years ago

Determining Net Cash Flow from Operating Activities

Business

1 answer:

ivolga24 [154]3 years ago

5 0

Answer:

$67,150

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $12,750

Adjustment made:

Add : Depreciation expense $32,600

Add: Decrease in accounts receivable $21,500

Less: Increase in inventory -$18,300

Add: Increase in accounts payable $19,800

Less: Decrease in interest payable -$1,200

Total of Adjustments $54,400

Net Cash flow from Operating activities $67,150

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The best way to make an impression on your interviewer is to send a handwritten thank-you note within 48 hours after your interview.

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2 years ago

Melba purchases land from Adrian. Melba gives Adrian $225,000 in cash and agrees to pay Adrian an additional $400,000 one year l

Scorpion4ik [409]

Answer:

Melba's adjusted basis for the land at the Acquisition date is $625000
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Explanation:

The adjusted basis for a property/land is the net cost of the property after adjusting for factors that might attract tax as related to the land

The adjusted basis for the land at the acquisition date is the net cost of the land at the acquisition date which will be ( $225000 + $400000 ) because that was the net cost of the Land at the date of acquisition before an agreement was later reached by Melba requiring him to pay $400000 plus an interest of 5%

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3 years ago

As applied to mortgage loans, which of the following statements is FALSE? By increasing the number of payments per year you incr

Ann [662]

Answer:

The statement that is false about mortgage loans is Advertised rates are annual percentage rates.

Explanation:

Mortgage loan refers to a loan that uses real estate as collateral to receive cash upfront to be redeemed after the loan repayment is completed. if the loan is not remitted as at when due , the lender lays claim to the real estate property.

By increasing the number of payments per year you increase your effective borrowing rate.

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3 years ago

If the minority price for a single share of stock of a company is $20, if there are 500 thousand shares of stock, and a person o

KATRIN_1 [288]

Answer:

$4,500,000

Explanation:

current market price per stock $20

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The controlling interest premium equals the difference between the current market price of the stock and the purchase offer.

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3 years ago