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givi [52]
3 years ago
11

In 2017, Wildhorse Corporation had net cash provided by operating activities of $486,000, net cash used by investing activities

of $932,000, and net cash provided by financing activities of $559,000. At January 1, 2017, the cash balance was $300,000.
Required:
1. Compute the December 31 2017, cash.
Business
1 answer:
Nata [24]3 years ago
3 0

Answer:

1. Cash at December 31, 2017 is $413,000.

Explanation:

As per IAS-7, which deals with the Statement of Cash Flow, the year end Cash balance should be calculated as follows under indirect method:

Cash opening balance

Add: Net cash provided by operating activites

Less: Net cash used by investing activities

Add: Net cash provided by financing activities

Note: The terms "Provided" and "Used" are the basis of addition and subtraction.

<u>Calculation</u>

300,000 + 486,000 - 932,000 + 559,000 = $413,000.  

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<h3>What is a degree of leverage?</h3>

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Because the Firm C has a low debt, this means its has the lowest degree of leverage when compared to others.

Therefore, the Option C is correct.

Missing options "90% Debt, 10% Equity

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4 0
2 years ago
James worked for an automobile plant that has now closed, as the parts produced are no longer needed. Which type of unemployment
Zanzabum

Answer:

"Structural Unemployment"

Explanation:

According to my research on the different types of unemployment that exist in the United States, I can say that the unemployment type described in the question is called "Structural Unemployment". This is an unemployment type that is caused by industrial reorganization, usually this happens when the industry adds new technology that can do certain employees jobs the same or better than them

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4 0
3 years ago
Some policymakers have argued that products like​ cigarettes, alcohol, and sweetened soda generate negative externalities in con
White raven [17]

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4 0
3 years ago
the policy loan provision means that a. an individual can take out a loan on his term policy. b. the death benefit will be incre
Alenkasestr [34]

According to the policy loan clause, the policy owner may borrow any sum up to the policy's cash value. As a result, choice (C) is the best way to respond.

<h3>What is policy loan?</h3>

A policy loan is given out by an insurance provider and is secured by the cash value of the borrower's life insurance policy. A "life insurance loan" is another name for it. They used to be renowned for having cheap interest rates, but that isn't necessarily the case now.

Even though they have limitations, policy loans typically provide easy access to money. When a universal or whole life insurance policy has built up cash value, policy loans may be taken out.

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5 0
1 year ago
One disadvantage of a sole proprietorship as a form of business organization is that: a. owners of sole proprietorships generall
VladimirAG [237]

Answer:

<u>e. owners of sole proprietorships can lose all their personal assets if the business is sued or fails.</u>

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3 years ago
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