1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
IRINA_888 [86]
3 years ago
14

Cemptex Corporation prepares its statement of cash flows using the indirect method to report operating activities. Net income fo

r the 2021 fiscal year was $624,000. Depreciation and amortization expense of $87,000 was included with operating expenses in the income statement. The following information describes the changes in current assets and liabilities other than cash:
Decrease in accounts receivable $22,000
Increase in inventories 9,200
Increase prepaid expenses 8,500
Increase in salaries payable 10,000
Decrease in income taxes payable 14,000

Required:
Prepare the operating activities section of the 2011 statement of cash flows.
Business
1 answer:
Lady bird [3.3K]3 years ago
7 0

Answer:

711,300

Explanation:

Net cash generated from operating activities can be calculated by deducting and adding back the cash and non-cash items respectively from the net income for the year. Such as depreciation will be added back in net income due to it is a non-cash expense

Net Income                                                                       624,000

Depreciation and amortization                                         87,000

Decrease in accounts receivable                                     22,000

Increase in inventories                                                       (9,200)

Increase prepaid expenses                                                (8,500)

Increase in salaries payable                                              10,000

Decrease in income taxes payable                                   (14,000 )

Net cash generated from operating activities                 711,300

You might be interested in
San Mateo Company had the following account balances at December 31, 2018, before recording bad debt expense for the year: Accou
daser333 [38]
300-200=100 I’m so smart
5 0
3 years ago
If Mikael decides to go out with his friends instead of study for his biology test, what is the opportunity cost?
denis-greek [22]

Answer:

Studying his biology test

Explanation:

opportunity cost refers to the cost of the forgone alternative inorder to enjoy another service

7 0
3 years ago
N 2016, marvin, a cash basis taxpayer, took a $2,000 itemized deduction for state income taxes paid. this increased his itemized
notka56 [123]

Answer:

stop cheating

Explanation:

4 0
3 years ago
A fast food restaurant chain has identified day commuters as its market segment. If the chain wants to persuade this segment to
salantis [7]

What would be the most likely place for it to advertise is: on buses and with signs on parking lots.

<h3>What is Advertisement?</h3>

Advertisement can be defined as the process of creating product awareness to attract customer so as make profit or to generate revenue.

Based on the given scenario the best place to advertise the food is on buses and with sign on parking lots since the restaurant chain has identified day commuters as it target customers doing this  will help to persuade this commuter to buy the fast food product.

Inconclusion what would be the most likely place for it to advertise is: on buses and with signs on parking lots.

Learn more about advertisement here:brainly.com/question/1658517

7 0
2 years ago
An item owned by a house hold or business that has a monetary value
xenn [34]
Its an asset of the household or business.
4 0
3 years ago
Read 2 more answers
Other questions:
  • Joyce just closed on a condo for $366,900 and put down 20% to obtain an 80% loan and avoid having to pay for private mortgage in
    12·1 answer
  • Suppose you work for a bank and are responsible for determining whether you should give someone credit. Create a list of the top
    10·1 answer
  • On December 12, year 1, Imp Co. entered into three forward exchange contracts, each to purchase 100,000 euros in ninety days. Th
    5·1 answer
  • Ann Chovies, owner of the Perfect Pasta Pizza Parlor, uses 20 pounds of pepperoni each day in preparing pizzas. Order costs for
    14·1 answer
  • Deep River, a manufacturer of electronic cameras, has excess capacity. The company's New Hampshire plant has the following per-u
    5·1 answer
  • Item Prior year Current year Accounts payable 8,120.00 7,915.00 Accounts receivable 6,002.00 6,603.00 Accruals 1,020.00 1,571.00
    7·1 answer
  • Nkjnljnknjklnjnljnlnjljn
    6·1 answer
  • Do you think I would be a successful you-tuber?
    14·1 answer
  • Bonita Industries began using dollar-value LIFO for costing its inventory two years ago. The ending inventory for the past two y
    9·1 answer
  • When a company decides to manage the supply chain as a complete system and treat it as an important function, it is ________.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!