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Diano4ka-milaya [45]
3 years ago
15

Determining Net Cash Flow from Operating Activities: Burch Company reported the following items in its balance sheet and income

statement: increase in cash account, $20,000; increase in accounts receivable, $5,000; increase in inventory, $20,000; increase in accounts payable, $10,000; decrease in income taxes payable, $1,000; net income, $70,000; depreciation expense, $25,000. Required: Compute the net cash flows from operating activities using the indirect method.
Business
1 answer:
Tanya [424]3 years ago
3 0

Answer:

$9,000

Explanation:

The cash flow statement is the financial statement where the cash flows from the various activities of a business are recorded. These activities include Operating, Investing and Financing. The statement may be shown using gthe direct or indirect method.

The operating activities include the changes to current assets and liabilities. Increases in assets (apart from cash) represents an out flow of cash while increases in liability represents and in flow of cash and vice versa.

The net cash flows from operating activities using the indirect method

= -5000 - 20,000  + 10,000 + 25,000 - 1,000 (all amounts in $)

= $9,000

This represents a net inflow.

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Which of the following 2 goods would most likely experience the law of increasing opportunity cost?
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The correct answer would be A
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<h3>What is social Cost?</h3>

In neoclassical economics, the social cost is the total of the transaction's private costs plus the costs imposed on consumers as a result of being exposed to the process for which they are not rewarded or taxed.

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Hey there,

Your question states: <span>Which of the following best explains why zoos are not affected by the threat of new entrants?

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Hope this helps.
~Jurgen</span>
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