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KonstantinChe [14]
3 years ago
11

The following information is taken from the income statement of Olympic, Inc.: Depreciation Expense $ 90,000 Amortization Expens

e 15,000 Loss on Sale of Equipment 9,000 Gain on Sale of Building 27,000 Net Income 315,000 Based on this information, what is the amount of net cash flow provided by operating activities?A. $420000 B. $447000 C. $438000 D. $402000
Business
1 answer:
Lina20 [59]3 years ago
6 0

Answer:

The correct option is D,$402,000.

Explanation:

In determining the cash flow provided by operating activities,we need to adjust the net income for effects of non cash items reported.It is important  to note that the reverse of the earlier treatment of the items is what is required now.For instance depreciation and amortization  were deducted in  income statement,for cash flow purposes we need to add both to net income.

Net income                          $315,000

add depreciation                $90,000

amortization                         $15,000

loss on sale of equipment  $9,000

less gain on sale of building($27000)

Cash flow from operations  $402,000

The cash flow from operating activities as adjusted is $402,000.

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VikaD [51]

Answer:

$281,612

Explanation:

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6 0
2 years ago
Turnbull Co. is considering a project that requires an initial investment of $270,000. The firm will raise the $270,000 in capit
svp [43]

Answer:

WACC = 11.45 %

Explanation:

Weighted average cost of capital is the average cost of all of the long-term types of finance used by a company weighted according to the that amount of finance used in relation to the total pool of fund

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After-tax cost of debt = Before tax cost of debt× (1-tax rate)

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WACC = 11.45 %

6 0
2 years ago
How can technology affect a monopoly?
Charra [1.4K]
Price, Supply and Demand. Amonopoly's potential to raise prices indefinitely is its most critical detriment to consumers.
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3 years ago
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crimeas [40]

Answer:

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Have you ever been disciplined for or the subject of an administrative order relating to conduct or practices involving any aspect of the financial services, insurance, securities or real estate industries or any other licensed industry or profession?

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6 0
3 years ago
Read 2 more answers
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NikAS [45]

Answer:

Answer for the question:

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is given in the attachment.

Explanation:

7 0
2 years ago
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