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Archy [21]
3 years ago
8

Assume net income was $210,000, depreciation expense was $6,200, accounts receivable decreased by $11,500, and accounts payable

decreased by $3,000. The amount of cash flows from operating activities is:
a 224,700
b 210,000
c. 208,300
d 216,200
Business
1 answer:
hram777 [196]3 years ago
8 0

Answer:

Amount of cash flow will be $224700

So option (a) is correct option

Explanation:

We have given net income = $210000

Depreciation expense = $6200

Account receivable is decreased by $11500

And account payable is decreased by $3000

We have to find the amount of cash flow

We know that amount of cash flow is given by

Cash flow = net income + Depreciation expense +amount which is decreased in account receivable - amount which is decreased in account payable

So cash flow = $210000+$6200+$11500-$3000 = $224700

So option (a) is the correct option  

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Bramble sells softball equipment. On November 14, they shipped $3120 worth of softball uniforms to Palos Middle School, terms 2/
Helga [31]

Answer:

$2800

Explanation:

First of all, the order received from Tinley High School has not been delivered  by the end of November ,hence the value of the order is irrelevant for the purpose of calculating net accounts receivable at the end of November.

However, out of the goods of $3120 sold to Palos Middle School,$320 worth has been returned as defective,leaving a balance of $2800($3120-$320).

For Palos to be entitled to the discount of 2% they should have made payment by 24th November,which never happened,as a result the accounts receivable stay at $2800

7 0
3 years ago
An employee in charge of collecting tickets at the entrance of a movie theatre lets her friends enter the theatre without paying
Nadusha1986 [10]

The type of rationalization made by the employee is based on <em>other employee are </em><em>doing </em><em>it.</em>

Rationalization refers to when individual attempt to justify a behavior with logical reasons even though those reason are not appropriate.

  • Here, the employee does rationalize giving free entry to her friend because other employee gives free popcorn to their friends.

Hence, the type of rationalization made by the employee is based on <em>other employee are </em><em>doing </em><em>it.</em>

<em />

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Read more about this here

<em>brainly.com/question/17246519</em>

8 0
2 years ago
Princeton Company acquired 75 percent of the common stock of Sheffield Corporation on December 31, 2011. On the date of acquisit
melamori03 [73]

Answer:

consolidated balance sheet:

land 525,000

Explanation:

The Princeton's land will be valued at book value.

The Sheffield's land will be valued at market value as when Princeton acquired Sheffield the land was appraised at his market value.

So 500,000 x 75% = 375,000 land of Sheffield

<u>Total land:</u>

Princeton Land   150,000

Sheffield  Land <u>  375,000  </u>

              Total    525,000

6 0
2 years ago
Tharaldson Corporation makes a product with the following standard costs:Standard Quantity or Hours Standard Price or Rate Stand
Crank

Answer:

Direct labor time (efficiency) variance= $6,270 favorable

Explanation:

Giving the following information:

Standard= Direct labor 0.4 hours $ 11.00 per hour

Actual output 2,600 units

Actual direct labor-hours 470 hours

To calculate the direct labor efficiency variance, we need to use the following formula:

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Standard quantity= 0.4*2,600= 1,040

Direct labor time (efficiency) variance= (1,040 - 470)*11

Direct labor time (efficiency) variance= $6,270 favorable

3 0
2 years ago
In the management assistance area, the Small Business Administration (SBA) provides all of the following EXCEPT: Group of answer
polet [3.4K]

Answer: Free college credit courses in management

Explanation:

The Small Business Administration (SBA) is a Federal government agency that aims to help small businesses and entrepreneurs by providing them with resources to make them grow.

They have toll-free phone numbers that entrepreneurs and small businesses can call for advice, they have trading training programs and business development offices who offer advice and counsel on business techniques and they even free publications on business topics.

They do not however offer free college credit courses in management.

4 0
3 years ago
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