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Makovka662 [10]
3 years ago
7

Loster Company reported a net loss of $17,017 for the year ended December 31. During the year, accounts receivable decreased by

$7,476, inventory increased by $5,997, accounts payable increased by $15,357, and depreciation expense of $5,495 was recorded. What was the net cash used for or provided by operating activities during the year
Business
1 answer:
Goshia [24]3 years ago
5 0

Answer:

The answer is $5,314

Explanation:

Net loss ($17,017)

Add back:

Depreciation expense. $5,495

($11,522)

Changes in working capital:

Decrease accounts receivable $7,476

Increase Inventory. ($5,997)

Increase accounts payable. $15,357

Net cash provided by operating activities. $5,314

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2 years ago
The ________ reflects the opportunity costs of spending funds now versus achieving a return through another investment, as well
algol [13]

The Discount rate reflects the opportunity costs of spending funds now versus achieving a return through another investment, as well as the risks associated with not receiving returns until a later time.

Explanation:

The discount rate relates to the interest rates on loans that the Federal Reserve Bank borrows from central banks and financial institutions through the commercial bank loan mechanism.

The rate of barriers, financial assets and discount rates are all equal. The next best potential investment option with a comparable risk profile wins the rate of returns. The word ' opportunity expense' is a clear and generic concept that can be used any day of the day.

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3 years ago
Strategic controls are largely subjective criteria intended to verify that the firm is using appropriate strategies for the cond
ValentinkaMS [17]

Answer:

A. True

Explanation:

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6 0
3 years ago
Equipment with a book value of $84,000 and an original cost of $167,000 was sold at a loss of $34,000. Paid $109,000 cash for a
adoni [48]

Answer:

$443,400

Explanation:

The computation of cash flows from investing activities is shown below:-

For computing the cash flows from investing activities we need to find out first the Sale of equipment

= $84,000 - $34,000

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3 years ago
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2 years ago
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