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fiasKO [112]
3 years ago
10

Hilton company reported net income of $30,000 for the year. During the year, accounts receivable increased by $7,000, accounts p

ayable decreased by $3,000 and depreciation expense of $5,000 was recorded. Using the indirect method, net cash provided by operating activities for the year is:_______
a. $25,000.
b. $45,000.
c. $29,000.
d. $30,000.
Business
1 answer:
Alina [70]3 years ago
7 0

Answer:

a. $25,000

Explanation:

The computation of net cash provided by operating activities is shown below:-

Particulars                                                   Amount

Net Income                                                $30,000

Add Depreciation                                     $5,000

Less Increase in Accounts Receivables -$7,000

Less Decrease in Accounts Payable        -$3,000

Net cash Provided by Operating Activities $25,000

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Answer:

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Explanation:

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7 0
3 years ago
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Suppose the U.S. yield curve is flat at 4% and the euro yield curve is flat at 3%. The current exchange rate is $1.50 per euro.
lianna [129]

Answer:

$4.24287 million per year

Explanation:

Missing question:  The swap will call for the exchange of 1 million euros for a given number of dollars in each year.

For structured three separate forward contracts of the exchange of currencies, the forward price could be found as follows

Forward exchange rate * $1 million error = Dollar to be received

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= 1.45625 + 1.41392 + 1.3727

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