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
STALIN [3.7K]
3 years ago
6

Exercise 21-17 Indirect method; reconciliation of net income to net cash flows from operating activities [LO21-4] The accounting

records of EZ Company provided the data below. Net income$54,750 Depreciation expense 9,250 Increase in inventory 2,625 Decrease in salaries payable 1,725 Decrease in accounts receivable 3,500 Amortization of patent 675 Amortization of premium on bonds 2,975 Increase in accounts payable 6,250 Cash dividends 14,500 Prepare a reconciliation of net income to net cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign.)
Business
1 answer:
saw5 [17]3 years ago
5 0

Answer:

$73,050

Explanation:

Net income                                                              $54,750

Adjustments to reconcile

Net Income to net cash

provided by Operating activities  

Depreciation expense                                              $9,250

Increase in inventory                                             -$2,625

Decrease in salaries payable                             -$1,725

Decrease in accounts receivable                              $3,500

Amortization of patent                                               $675

Amortization of premium on bonds                      $2,975

Increase in accounts payable                              $6,250

Net Cash Provided by Operating activities    $73,050

You might be interested in
Steve Jobs of Apple was known as a perfectionist. "My job is not to be easy on people," he said. "My jobs is to take these great
Natasha2012 [34]

Answer: detail oriented

Explanation:

From the analysis made in the question, we can deduce that Apple probably looks to hire people who are innovative and detail-oriented.

A detail oriented person pays attention to every little details and tries as much as possible to avoid mistakes and is very close to being described as a perfectionist.

5 0
3 years ago
Prepare journal entries for each transaction listed. (If no entry is required for a transaction/event, select "No Journal Entry
AysviL [449]

Answer:

The journal entries are shown below:

Explanation:

According to the scenario, the journal entries for the given data are as follows:

(1). Jun.30   Bad Debt expense A/c Dr $12,800

                   To Allowance for Doubtful A/c $12,800

                    (Being the bad debt expense is recorded)

(2). July       Allowance for Doubtful A/c Dr $6,400

                   To Accounts Receivable A/c $6,400

                    (Being the customer balance written off is recorded)

7 0
3 years ago
Select all that apply.
tino4ka555 [31]

Answer:

adding up consumption, investment, government expenses, and net exports

adding up the market prices of final goods and services produced in the U.S

adding up the incomes of producers and taxes paid to the government

Explanation:

GDP is a measure of the sum value of a country's output in a given period. The GDP value reflects economic growth or decline in a country for the period under review.

GDP is calculated using three methods. They include the income, production, and expenditure approach.

In the Income approach, economists add up all the earnings from the factors of production. Wages and salaries of all employees; the profits from businesses and corporates' ; rents, and interests form landlords are summed up to get GDP. Adjustments are made to cater for the taxes paid to the relevant government agencies. ( 4th option)

The production approach involves getting the value of all the finished consumer goods and services in the economy. The approach excludes intermediary goods and work-n progress. GDP is obtained by adding the total of the finished products and services and multiplying them by their prices. (3rd option)

The consumption option applies a formula that GDP = C+G+I+ NX, where C is private consumption expenditure,  G is government consumption and investment expenditure, and I in private investment expenditure. NX is the net imports. ( 1 st option )

4 0
2 years ago
____ consumption occurs when consumers "set apart" objects and events from normal activities and treat them with respect. ____ c
solong [7]

Answer:

  • Sacred consumption
  • Profane consumption

Explanation:

This differentiation is based on special religious events (e.g. religious holidays) that considered some goods as sacred, while profane had to do with everyday life.

Some modern marketing strategies try to build sacred brands. For example, Google has become our God of all knowledge and no one even dares to challenge that almost religious belief. Anyone can make their own coffee or buy coffee at any coffee shop, but Starbucks is different, it has built a sense of emotional connection with the public. It's not any coffee that we need or want.  

6 0
3 years ago
You are an RR at a firm and one of your customers calls you up and informs you that she wishes to exercise a long listed option
MAVERICK [17]

Answer:

The correct answer is:  The firm would present the order to the Options Clearing Corporation.

Explanation:

The Options Clearing Corporation or OCC works under the Securities and Exchange Commission (<em>SEC</em>) and acts as a guarantor and the issuer of options and futures contracts. The OCC is also in charge of clearing transactions for stock indexes, interest rate composites, and foreign currencies.

7 0
3 years ago
Other questions:
  • Which of the following is a depository financial institution
    12·1 answer
  • Your sister turned 35 today, and she is planning to save $7,000 per year for retirement, with the first deposit to be made one y
    14·2 answers
  • Monica was hired by the Misty Mount Corporation to take over as the new chief executive officer. Her initial impression is that
    12·2 answers
  • Fast Rocket, Inc. generated a net loss of $5,000 in its first year (2018) and taxable income of $15,000 in its second (2019). As
    8·1 answer
  • Assume the spot Swiss franc is $0.7000 and the six-month forward rate is $0.6950. What is the minimum price that a six-month Ame
    10·1 answer
  • The sales-volume variance equals:
    14·2 answers
  • Dave brags to his dad that his $45,000 starting salary as a computer programmer is much higher than his dad's $28,000 starting s
    7·1 answer
  • When customers join the Daily Needs Reward Zone, they receive one point on every purchase they make at Daily Needs stores and Da
    11·1 answer
  • Delia files a suit against Eduardo in a Florida state court over the ownership of a boat docked in a Florida harbor. Both Delia
    10·1 answer
  • Summarize what is a mutual fund!
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!