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
levacccp [35]
3 years ago
9

The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows:

Business
1 answer:
Anni [7]3 years ago
4 0

Answer and Explanation:

The preparation of cash flows, using the indirect method is shown below:-

Cash flow from operating activities

Net income $141,680

Adjustment made

Add: Depreciation $14,790

Add: Loss on sale of

investment $10,200

Current operating Assets  and liabilities change

Less: Increase in accounts  receivable -$19,040

Less: Increase in inventories -$8,670

Add: Increase in accounts  payable $11,560

Add: Accrued accounts payable  increased $3,740

Net cash flow from operating activities $154,260

Net cash flow from Investing activities

Investment sale $91,800

Less: Equipment purchased -$80,580

Less: Land purchased -$295,800

Net cash flow from investing activities -$284,580

Cash flow from financing activities

Common stock issued $250,000

Less: Paid Dividend -$96,900

Cash flow from financing activities $153,100

Net increase or decrease in cash $22,780

Add: Beginning cash balance $47,940

Ending cash balance $70,720

Working note

Dividend paid = Dividend declared - Increase in Dividend payable

= $102,000 - $5,100

= $96,900

Loss on sale of investment = Sale of investment of amount realized - Investment cost

= $91,800 - $102,000

= -$10,200

The positive amount represents the cash inflow and the negative amount represents the outflow of cash

You might be interested in
Which of the following is not an economic goal that influences how societies answer the three key economic questions?
Nadya [2.5K]

I believe the answer is: D. patriotism


Patriotism is the act of showing vigorous support to our own country . The support that shown in patriotism does not revolve around financial decision, but more to how our country is perceived in its foreign nation relative to the other countries.

5 0
2 years ago
Read 2 more answers
4. Sectoral shifts, frictional unemployment, and job searches Suppose the world price of cotton falls substantially. The demand
antoniya [11.8K]

Answer:

The temporary unemployment resulting from such sectoral shifts in the economy is best described as frictional unemployment.

This is because it is temporary and people in the affected sector could opt for jobs in other performing sectors of the economy.

Explanation:

Suppose the world price of cotton falls substantially, the following scenario will ensue.

The demand for labor among cotton-producing firms in Texas will reduce .

The demand for labor among textile-producing firms in South Carolina, for which cotton is an input, will also decline .

The temporary unemployment resulting from such sectoral shifts in the economy is best described as frictional unemployment.

Frictional unemployment is seasonal employment that could occur when there is no demand or work period is completed unlike structural unemployment that can last for long.

It is a temporary unemployment situation because workers in the cotton industry could opt for jobs in other performing sectors of the economy.

5 0
2 years ago
Four Seasons Hotels sell private residences in several of their properties and send direct mail to prospective residents asking
Debora [2.8K]

Answer:

The correct answer is Lead generation.

Explanation:

A contact or lead is any user of a web page that, at a given time, provides us with their data in a form, thus losing their condition of anonymous visit and becoming a contact on which to track.

Lead acquisition would be all those actions or processes focused on getting contacts with which to nourish our database. In an inbound marketing project it would consist of the Convert or Conversion phase.

Basic characteristics of a lead:

  • The only data that is absolutely essential is the email address.
  • It is also mandatory that these leads have previously accepted the company's privacy policy since otherwise it is not legally possible to track them and send them more communications.
5 0
3 years ago
What is the steps to make a pencil
Art [367]

Step One: The wood is softened and cut into slats called "pencil stock" or "pencil squares."

Step Two: A wax and stain are applied and the slats are passed under a cutting wheel.

Step Three: The grooves in the slat are filled with a special elastic glue for the lead.

6 0
3 years ago
What term means the unused option when deciding how to use one's<br> resources.
andrezito [222]

Answer:

Opportunity cost

6 0
2 years ago
Other questions:
  • Katrine works for a major audio components manufacturer. It is her job to plan and control how the raw materials used to make th
    9·1 answer
  • Registered nurses:
    11·1 answer
  • The financial model that measures the current value of all cash inflows and outflows using management's minimum desired rate of
    9·1 answer
  • What is the difference between gross pay and net pay? gross pay describes your pay after deductions; net pay is before gross and
    11·1 answer
  • Suppose your nominal income this year is 5 percent higher than last year. if the inflation rate for the period was 3 percent, th
    15·1 answer
  • In the circular flow model, who supplies factors of production in exchange for income?
    14·1 answer
  • What is the best brand of pillar candles?
    12·1 answer
  • Reamer Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. The Corpor
    12·1 answer
  • Why does Prof. St. Clair argue that allowing Lehman Brothers Investment Bank to fail in 2008 (i.e., during the Bush Administrati
    15·1 answer
  • How many chargers must be produced and sold if you wish to make a profit of $45389? round up to the nearest whole number?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!