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Alla [95]
3 years ago
14

A company had net income of $930,000 in 2016. Depreciation expense is $104,000. During the year, Accounts Receivable and Invento

ry increased $60,000 and $160,000, respectively. Prepaid Expenses and Accounts Payable decreased $8,000 and $16,000, respectively. There was also a loss on the sale of equipment of $12,000. How much cash was provided by operating activities in 2016
Business
1 answer:
enyata [817]3 years ago
4 0

Answer:Cash provided by operating activities= $818,000

Explanation:

Cash Flow from operating activities is the amount of cash generated from the inflows and outflows of the business activities in a company.

Cash Flow from operating activities in 2016

Net income                                                $930,000

Add

Depreciation                                               $104,000

Loss on sale of equipment                        $ 12,000

Prepaid expenses decrease                      $ 8,000

Deduct

Accounts receivable increase                       -$ 60,000

Inventory increase                                           -$160,000

Accounts payable decrease                            -$16,000

Cash provided by operating activities          $818,000

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Indicate which activities of Stockton Corporation violated the rights of a stockholder who owned one share of common stock. (You
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a. Paid the stockholder a smaller dividend per share than another common stockholder.

c. Rejected the stockholder's request to vote via proxy because she was homesick.

d. The company did not provide all stockholders with timely financial reports.

<h3>Who is the stockholder?</h3>
  • A stockholder is someone who has invested in a company's equity and who owns shares as proof of ownership.
  • Investors have the same right to dividends as other ordinary shareholders. Dividend payouts can only differ when the opposite party owns a larger number of shares.
  • In the event that they are not there, they also have the option to vote by proxy. The shareholder has legitimately appointed the proxy.
  • All stockholders must receive timely financial reports from the company.
  • However, shareholders are not involved in the day-to-day operations of the company. Therefore, they are powerless over employee hiring and dismissal.
  • Following the company's settlement with the holders of preference shares, dividends are also paid to common shareholders.

To learn more about stockholder with the given link

brainly.com/question/18523103

#SPJ4

4 0
1 year ago
Brittany is choosing the type of media for a new promotional campaign for Halls cough drops. She knows that each type of media h
Semenov [28]

Answer: D) The message must be short and simple

Explanation:

As the world evolves and new development takes place, the internet has become an advertising tool used in marketing. Even though it's effective in reaching out to the customers, it has disadvantages such as high costs, the promotion effects can be difficult to measure, privacy and security issues.

The advantage in the question given is that the message must be short and simple.

7 0
3 years ago
Tony goes to the freezer and takes out a new type of frozen microwavable pizza that he bought recently. Instead of just taking t
Snezhnost [94]
<h3>Hello there!</h3>

Your question asks what type of function the new pizza box is performing.

<h3>Answer: Facilitate use</h3>

The reason why "Facilitate use" is the correct answer is because this is what the pizza box is performing to Tony.

Facilitate means to make something easier, and this is what the pizza box is doing to Tony; making the pizza easier to handle.

Things that made Tony's experience easier:

  • Pizza box can make a handle
  • Used a serrated metal edge from the pizza box to cut the pizza

With the things that the box does above, it made Tony's experience with the pizza a lot more easier.

The pizza box allowed Tony to have a handle to carry around the pizza so he doesn't burn himself while in the process. The pizza box also allowed Tony to easily get a hold of a sharp object to cut the pizza in slices, so he doesn't have to waste any time to go get a knife in his kitchen, and having to wash it afterwards.

After Tony is done with the pizza, he could just throw the box away with know trash or washing to do, simple as that. This pizza box allowed Tony to have an easier experience.

<h3>I hope this helps!</h3><h3>Best regards, </h3><h3>MasterInvestor</h3>
5 0
4 years ago
The single milling machine at Stout Manufacturing was severely overloaded last year. The plant operates eight hours per day, fiv
NNADVOKAT [17]

Answer:

If we assumes we setup machine for product A x times, and B y times, the total hours required is 0.5*3000 + 0.8*2000+ 2*x + 8 *y = 3100+2x+8y. Notice that due to the capacity restriction x has to be no smaller than 150 hours (3000/20) and y has to be no smaller than 50 hours (2000/40). so total required hours must exceed 3100+2*150+8*50=3800. The management prefer a 15% capacity cushion, which means the total duration prepared for the processing should be at least 3800*(1+15%)=4370 hours.

If one machine operates eight hours per day, five days per week and 50 weeks a year, it operates 5*8*50 = 2000 hours in total.

That's why we need 2 more machines ( 3 machines in total since 4370 > 2*2000).

5 0
3 years ago
At the end of the year, Breyer Associates had a credit balance in its allowance for uncollectible accounts of $12,000 before adj
snow_lady [41]

Answer:

December 31, 202x, adjustment to allowance for doubtful accounts

Dr Bad debt expense 48,000

    Cr Allowance for doubtful accounts 48,000

Explanation:

total estimated bad debt = $600,000 x 10% = $60,000

allowance for doubtful accounts balance = $12,000

this account must be increased by $60,000 - $12,000 = $48,000

Allowance for doubtful accounts is a contra asset account that decreases the net balance of accounts receivable. In this case, the net balance of accounts receivable after the adjustment = $600,000 - $60,000 = $540,000

8 0
3 years ago
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