1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Advocard [28]
2 years ago
9

A company had net income of $210600. Depreciation expense is $27000. During the year, Accounts Receivable and Inventory increase

d $16900 and $41700, respectively. Prepaid Expenses and Accounts Payable decreased $5000 and $6200, respectively. There was also a loss on the sale of equipment of $1800. How much cash was provided by operating activities
Business
1 answer:
ANTONII [103]2 years ago
7 0

Answer: The amount of cash provided by operating activities is $179,600.

Explanation:

<u>Statement of cash flows for the company</u>

Net income                                                            $210,600

Add Depreciation expense                                      27,000

Add Loss on sale of equipment                                  1,800

Increase in Accounts receivable                             (16,900)  

Increase in Inventory                                                (41,700)

Decrease in Prepaid expenses                                   5,000

Decrease in Accounts payable                                  (6,200)

Cash flows fron operating activities                   $179,600

You might be interested in
What is gross profit
astra-53 [7]
Gross profit is net sales minus the cost of goods sold. It reveals the amount that a business earns from the sale of its goods and services before the application of additional selling and administrative expenses.
6 0
3 years ago
Read 2 more answers
Discuss the relationship between bond prices and interest rates. What impact do changing interest rates have on the price of lon
Doss [256]

Interest rates and bond prices have an adverse correlation. Bond prices grow during periods of low-interest rates and decline during periods of high-interest rates.

<h3>What is the interest rate?</h3>

The cost of borrowing and the rewards for saving are both indicated by the interest rate. Since there is a premium if the coupon rate is higher than the market rate, the bond's price will be higher. Bond prices will decrease if the coupon rate is lower because there will be a discount.

The price of long-term bonds is more affected by interest rates than the price of short-term bonds. A bond's price varies depending on how long it is.

Learn more about bond prices, here:

brainly.com/question/15518377

#SPJ1

5 0
2 years ago
Diseconomies of scale means that a company is too small to purchase in bulk and is unable to lower costs.
Vinvika [58]

Answer:

Diseconomies of scale are when production output increases with rising marginal costs. ... Fixed costs do not change with increases/decreases in units of production volume, while variable costs are solely dependent, which results in reduced profitability. They show how well a company utilizes its assets to produce profit.

Explanation:

It's true.

3 0
3 years ago
Read 2 more answers
Which of the following best describes how new information systems can result in legal gray areas?
Alexandra [31]

Answer:

D. They result in new situations that are not covered by old laws

Explanation:

4 0
3 years ago
By what amount would net income differ if bad debt expense was computed using the percentage-of-receivables approach? Assume tha
Murljashka [212]

Answer:

By following the Accountants Principle and Dicksons policy of debiting Bad debt accounts as Accounts are written off, the Net income would have been impacted negatively (reduced) by the write off from Prior period of $31,330 only

However, by following the % of receivables approach, a total of $31,330 (Write off from prior period) + $9,240 (current period provision for bad debt) will impact the Net Income negatively (reduced)  = $40,570

Explanation:

Accounts receivable balance = $77,000

12% projected uncollectible debt = $9,240

Provision for bad debt under the % of receivables approach = $9,240

Amount written off related to prior year = $31,330

5 0
3 years ago
Other questions:
  • What are the two most popular ways people make networking contacts? 
    8·2 answers
  • Determine whether each characteristic describes a general partnership (GP), limited liability company (LLC), both, or neither.A.
    9·1 answer
  • There are innovations involving new ways to produce and conserve energy. If we can turn this new technology into marketable prod
    5·1 answer
  • Which of the following is important information for a recommender to provide? A student's transcripts B.A student's test scores
    8·2 answers
  • Robin Company purchased on account and used 520 pounds of direct materials to produce a product with a 510-pound standard direct
    9·1 answer
  • In a SWOT analysis, increasing gasoline prices would represent a potential __________ for manufacturers of electric cars.
    14·1 answer
  • Which one of these statements is fasle? A. Ownership of common stock gives the owner a voting right. B. The stockholders' equity
    13·1 answer
  • Farah Snack Co has earnings after taxes of $128, 750. Interest expense for the year was $20,000: preferred dividends paid were $
    5·1 answer
  • How would you reconcile your bank account to avoid spending more than you have
    12·1 answer
  • Assume just for this question that the portfolios have identical betas, but one has high investment-specific risk (standard devi
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!