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AnnZ [28]
3 years ago
9

Hardware Suppliers reports net income of $149,000. Included in net income is a gain on the sale of land of $12,000. A comparison

of this year’s and last year’s balance sheets reveals an increase in accounts receivable of $19,000, an increase in inventory of $12,000, and a decrease in accounts payable of $39,000. Required: Prepare the operating activities section of the statement of cash flows using the indirect method.
Business
1 answer:
vagabundo [1.1K]3 years ago
7 0

Answer:

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $149,000

Adjustment made:

Less: Gain on the sale of land -$12,000

Less: Increase in accounts receivable -$19,000

Less: Increase in inventory -$12,000

Less: Decrease in accounts payable -$39,000

Total of Adjustments -$82,000

Net Cash flow from Operating activities                    $67,000

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To maximize income from consumers, distributors time their tentpole theatrical releases according to the availability of the director to make public appearances.

<h3>What is meant by the maximization of income?</h3>

This can be defined as the capability of a given business or a company to earn the maximum profit that they would need in order to take care of the business in the lowest cost possible. It is the amount of money that is made from the business with the lowest inputs.

Hence we can say that To maximize income from consumers, distributors time their tentpole theatrical releases according to the availability of the director to make public appearances.

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8 0
1 year ago
If you are projecting your future financially, what are your
Nikolay [14]

Answer:

Forecasting

Explanation:

Because a weather forecast looks ahead for weather. You are forecasting your financial future

7 0
3 years ago
To force the value of the British pound to depreciate against the dollar, the Federal Reserve should: Group of answer choices se
maria [59]

Answer:

sell pounds for dollars in the foreign exchange market and the Bank of England should sell pounds for dollars in the foreign exchange market.

Explanation:

The Federal Reserve System ( popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.

Generally, it comprises of twelve (12) Federal Reserve Bank regionally across the United States of America.

Depreciation can be defined as the reduction of cost of a fixed asset systematically until the value of the asset becomes zero.

A foreign exchange market can be defined as type of market in which the currency of one country is converted into that of another country.

For example, the conversion of dollars of the United States of America can be converted into Pounds (British) at the foreign exchange market.

Hence, to force the value of the British pound to depreciate against the dollar, the Federal Reserve should sell pounds for dollars in the foreign exchange market and the Bank of England should sell pounds for dollars in the foreign exchange market.

3 0
3 years ago
32. How many significant accounting policies are listed under its Summary of Significant Accounting Policies
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Answer:

There are various significant accounting policies which are governed by IFRS and GAAP framework.

Explanation:

The significant accounting policies are revenue recognition, inventories accounting cost or NRV, Property plant and equipment, goodwill recognition and others. These policies are governed by accounting frameworks such as GAAP and IFRS. Both of these frameworks have differences in accounting treatment.

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3 years ago
A(n) _____ is central to individuals and organizations of all sizes and ensures that information can be shared across all busine
adoni [48]

Answer:

b. enterprise system

Explanation:

Enterprise System -

It is also known as enterprise resource planning ( ERP ) .

It is a type of cross - functional information system which give the organisation wide integration and coordination about the business process which enable to plan the efficiently the resources of the business .

Many organisation in recent times , adapt to alter some of the distinct data and information , with the help of a common or one system which can enable to help the activities of the business , such function are known as enterprise system .

hence , from the question , the correct term according to the given information is b. enterprise system.

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