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Citrus2011 [14]
3 years ago
15

Plough Company reported net income of $180,000 for the current year. Depreciation recorded on buildings and equipment amounted t

o $80,000 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $20,000 $15,000 Accounts receivable 24,000 32,000 Inventory 50,000 65,000 Prepaid expenses 9,500 5,000 Accounts payable 12,000 18,000 Income taxes payable 1,600 1,200 Prepare the cash flows from the operating activities section of the statement of cash flows using the indirect
Business
1 answer:
Stolb23 [73]3 years ago
4 0

Answer: $272,900

Explanation:

Net income = $180,000

Net cash flow from operating activities:

= Net income + Depreciation + Decrease in accounts receivables + Decrease in Inventory - Increase in prepaid expenses + Increase in Income Tax payable - Decrease in accounts payable

= $180,000 + $80,000 + $8,000 + $15,000 - $4,500 + $400 - $6,000

= $272,900

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Anton [14]

if Logan received a $2,500 bonus and his mps is 0.20, his consumption rises by $2,000 and his savings rises by $500

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3 years ago
Adam and barb go to the store to purchase some lottery tickets. without looking at the price, adam says "i’ll take 10 lottery ti
Shtirlitz [24]

Answer:

Price elasticity of demand for Adam=0

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Explanation:

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The price is not important for Adam, and he demands a fixed quantity, hence his demand curve is vertical. A perfectly vertical demand curve is can inelastic demand curve and has price elasticity =0

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3 years ago
Discuss the optimal method for procuring inputs that have well-defined and measurable quality specifications and require highly
lubasha [3.4K]

Answer:

By formation of legally binding contract.

Explanation:

Contacts are a good way for procuring inputs that have well-defined and measurable quality specifications and require highly specialized investments. Because of the high quality expected in the goods procured, having a legally enforceable contact will make the vendor provide high quality products that meets required specifications.

However when contracts dictate a particular price, so if the market price of input were to go down we will still be obligated to buy at the higher price from the vendor.

4 0
3 years ago
Sponsors often advertise their own brands alongside the athlete’s or entertainer’s.
Gemiola [76]
Yea. Like with Nike always being next to Lebron or Curry with Under Armor.
8 0
2 years ago
Read 2 more answers
Which of the following would be considered a capital expenditure?
Alborosie

Answer:

B. Paying city inspection fees for new equipment

Explanation:

Capital expenditure is an expense incurred by the business to maintain its fixed assets with an objective to increase its efficiency. Any additions and improvements in fixed assets is an capital expenditure.

City inspection is required to evaluate the working condition of the asset and any fees paid for it, is a capital expenditure.

Interest payment on construction bonds, lease rental payments of assets and mortgage interest on asset is a liability payable in intervals and all they are operating expense and not considered to be capital expenditure.

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2 years ago
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