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Anuta_ua [19.1K]
3 years ago
12

Novak Corp. reported net income of $1.20 million in 2022. Depreciation for the year was $192,000, accounts receivable decreased

$420,000, and accounts payable decreased $336,000. Compute net cash provided by operating activities using the indirect approach. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Business
1 answer:
Kay [80]3 years ago
6 0

Answer:

$1,476,000

Explanation:

According to the scenario, computation of the given data are as follows:-  

Statement of The Cash Flow 31 December,2022

Particular                               Amount        Total Amount

Net Income                                                  $1,200,000

Depreciation                                $192,000  

Accounts receivable Decrease   $420,000  

Accounts payable Decrease       ($336,000)  

                                                                 $276,000

Net cash provided by operating activities        $1,476,000

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The maximum time allowed for the sale of an agricultural property, through the Public Trustee’s office after filing of the notic
elena-14-01-66 [18.8K]

Answer:

230 days

Explanation:

The Public Trustee's Office must schedule the sale of an agricultural property with 215-230 days after the initial foreclosure action was recorded. The Public Trustee must notify the sale of the property in a local newspaper for at least 5 consecutive weeks. The Public Trustee must also mail a copy of the notice to the borrower.

3 0
3 years ago
Astor Manufacturing has the following budgeted sales: January $120,000, February $180,000, and March $150,000. 40% of the sales
lilavasa [31]

Answer:

Total cash= $159,000

Explanation:

Giving the following information:

Sales:

January $120,000

February $180,000

March $150,000

40% of the sales are for cash and 60% are on credit.

For credit sales, 50% are collected in the month of sale, and 50% the next month.

Cash collection March:

Sales in cash= 150,000*0.4= 60,000

Sales on account:

From March= (150,000*0.6)*0.5= 45,000

From Fecruary=(180,000*0.6)*0.5= 54,000

Total cash= $159,000

5 0
4 years ago
Which belief best reflects the economic theories of Karl Marx?
Shtirlitz [24]

Answer:

B. Class tensions will lead to the end of market economies.

Explanation:

According to the Marxists theory, the tension between the capitalist and the working class gives birth to the class conflict in the society. It is tension that is created as the result of the exploitation and conflict between the two. This conflict further would initiate a revolution among the working class that would turn the capitalist class upside down. The exploitation faced by the working class by the capitalists is the major force that would turn them to be rebellious.

7 0
3 years ago
The marginal revenue product (mrp) of land declines as more land is brought into production because?
makvit [3.9K]

The marginal revenue product (MRP) of land declines as more land is brought into production because:

A. Land is a "unfastened and nonreproducible gift of nature."

B. Of diminishing returns.

C. Land hire has no incentive characteristic.

D. The deliver of land is constant

Marginal revenue product (MRP), also referred to as the marginal charge product, is the marginal revenue created due to an addition of 1 unit of useful useful resource. The marginal revenue product is calculated by way of way of multiplying the marginal physical product (MPP) of the useful aid by means of the marginal revenue (MR) generated.

How do you calculate marginal revenue product of labor?

The marginal sales manufactured from a worker is equal to the made from the marginal product of hard work (MPL) and the marginal sales (MR) of output, given with the aid of MR×MPL = MRPL.

What takes place to marginal revenue product whilst call for decreases?

Marginal revenue product sales will usually be less than call for for a given quantity. That is because of the reality a monopolist's call for curve is similar to its average income curve, and for a monopolist, every commonplace and marginal sales will decrease as amount increases.

Learn more about marginal revenue product here:- brainly.com/question/13444663

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3 0
2 years ago
Under the __________ system the number of choices in the market is directly related to government involvement in markets.
kondor19780726 [428]

Answer:

communist

Explanation:

Under the communist system of the market, the factors of production are owned solely by a group. Group usually is the representation of the form of the government. The means of production which are the labor, capital, natural resources, and the entrepreneurship are all controlled and owned by the government. The government has total control over the market.

3 0
3 years ago
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