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DIA [1.3K]
2 years ago
13

Leather ShopLeather Shop earned net income of $57,000 after deducting depreciation of $5,000 and all other expenses. Current ass

ets decreased by $4,000​, and current liabilities increased by $9,000. How much was Leather Shop'sLeather Shop's cash provided by operating activities​ (indirect method)? (A) $40,000(B) $66,000(C) $48,000(D) $74,000
Business
1 answer:
slavikrds [6]2 years ago
8 0

Answer:

$75,000

This option has not been provided

Explanation:

Cash provided by operating activities

Net Operating Income

Add: Depreciation

Add: Decrease in current assets

Add: Increase in Current Liabilities

Using the information in question, we have

Cash Provided by operating activities = $57,000 + $5,000 + $4,000 + $9,000 = $75,000

None of the above is the right answer as the correct option is not available.

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The factors of production will influence an items' Availability.
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The ledger of Shamrock, Inc. on March 31, 2017, includes the following selected accounts before adjusting entries.
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Answer and Explanation:

The adjusting entries are as follows:

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           To Prepaid Insurance  $310

(Being insurance expense is recorded)  

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           To Supplies $1,650

(Being supplies expense is recorded)  

3 Depreciation expense Dr $150

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3 0
2 years ago
During 2010, Congress debated the advisability of retaining some or all of the tax cuts signed into law by former President Geor
Zolol [24]

Answer and explanation:

The law of Diminishing Marginal Utility states that the more you consume a good or use a service, the less satisfied you will be with each successive use or consumption. It is an important concept in determining consumer preferences. It assumes consumers are rational and will spend money in a way that maximizes contentment with each subsequent unit without negatively affecting their total enjoyment.

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= $3,431.00 * 12 * ( 1 - 0.35) / 0.09

= 297353.333333

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$297,353.33 is the opportunity cost of using this space.

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