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ki77a [65]
4 years ago
9

Bird Brain Co. reported net income of $45,000 for the year ended December 31, 2018. January 1 balances in accounts receivable an

d accounts payable were $23,000 and $26,000 respectively. Year-end balances in these accounts were $22,000 and $28,000, respectively. Assuming that all relevant information has been presented, Bird Brain's cash flows from operating activities would be:
Business
1 answer:
mart [117]4 years ago
5 0

Answer:

$48,000

Explanation:

Computation for Brain's cash flows from operating activities

CASH FLOW FROM OPERATING ACTIVITIES

Net income$45,000

Add: Decrease in Account receivable $1,000

($23,000-$22,000)

Add: Increase in Account Payable $2,000

($26,000-$28,000)

Cash flows from operating activities $48,000

Therefore Brain's cash flows from operating activities would be: $48,000

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3 years ago
Which is TRUE regarding the trade-off a firm makes when it spends money on an investment project? A. The trade-off a firm faces
luda_lava [24]

Answer:

A. The trade-off a firm faces when using retained earnings or borrowed funds is the same.

Explanation:

  • A trade-off is based on the situational decisions that usually involve the loss of quality and a property that is set or designed to give a return in the other aspects.
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4 years ago
A particular city has an asian population of 1419 people, out of a total population of 23,609. conduct a goodness of fit test at
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3 0
3 years ago
Q 12 question 12 a project manager must publish a project schedule. activities, start/end times, and resources are identified. w
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6 0
3 years ago
Plutonic Inc. had $400 million in taxable income for the current year. Plutonic also had an increase in deferred tax liabilities
Sergeu [11.5K]

Answer:

Increase of 130 million

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This means that the change in deferred tax asset was an increase of 210 million- 80 million = $130 million

8 0
3 years ago
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