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Mkey [24]
3 years ago
9

During the current year, Hayden, Inc., had net income of $600,000. Hayden also recorded $200,000 in depreciation expense and had

the following changes in its balance sheet accounts: Accounts Receivable $ 20,000 increase Inventories 10,000 decrease Accounts Payable 25,000 decrease Compute the net cash provided by operating activities using the indirect method.
Business
1 answer:
vitfil [10]3 years ago
3 0

Answer: $765,000

Explanation:

Net income = $600,000

Accounts Receivable - $20,000 increase Inventories - 10,000 decrease

Accounts Payable - 25,000 decrease

Net income - - - - - - - - - - - - - - - 600,000

Adjustment to reconcile net income to net cash provided by operating activities:

Depreciation - - - - - - - - - - - - - - 200,000

Decrease in inventory - - - - - - - 10,000

Decrease in account payable--- (25,000)

Increase in inventory - - - - - - - - (20,000)

Net cash - - - - - - - - - - - - - - - - - 765,000

Therefore, net cash provided by operating activities = $765,000

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You must pick one of two​ wagers, for an outcome based on flipping a fair coin. 1. You win ​$440 if it comes up heads and lose ​
UkoKoshka [18]

Answer:

See Below

Explanation:

Expected value is the sum of the products of the probability and payoff of each.

<u>Wager 1:</u>

probability of heads and tails, both is 0.5

Win = 440

Loose = 110

So,

Expected Value = 440(0.5) + (-110)(0.5) = 220 - 55 = $165

<u>Wager 2:</u>

Similar to wager 1

Win = 770

Loose = 220

So,

Expected value = 770(0.5) + (-220)(0.5) = 385 - 110 = $275

2nd wager is better, in this sense.

4 0
3 years ago
Prepare journal entries to record the following transactions and events, based on the assumption that the nonprofit uses a singl
stira [4]

Answer:

1. Apple Stocks             Dr. $75,000

  Deferred Donation Income   Cr. $75,000

2. Apple Stocks Dr. $1,500

        Gain on Apple Stocks   Cr. $1,500

3. Cash         Dr. $ 76,000

   Gain/Loss on Apple stocks Dr.$1,500

                      Apple Stocks             Cr.$76,500

Explanation:

1. when stocks are received subject to a condition that we can't recognize donation income. therefore it is recorded as liability. please note that deferred income is called as liability.

2. When value of stocks increase, asset stock of apple also increase by differential amount.

3. when asset is sold, the loss is recognized and assets are knocked off from books and cash asset is recorded.

5 0
3 years ago
Matthew Granger is a member of the board of directors at Produxicore Inc. Over a period of one year, Matthew failed to attend mo
FrozenT [24]

Answer: Negligence of duties

Explanation:

As a board member it's one of his primary duty to keep abreast of the firm performance. Not been aware for a year on the excuse of not been informed and not seeking to find out personally shows a negligence of duties.

7 0
3 years ago
Cahalane Corporation has provided the following data for its two most recent years of operation: Selling price per unit $ 91 Man
ankoles [38]

Answer:

A. The amount of fixed overhead deferred in inventories is $60,000

Explanation:

Unit product cost      

                                            Year 1      Year 2  

Direct materials                      $12         $12

Direct labor                              $5        $5  

Variable manufacturing

overhead                                     $5      $5  

Fixed overhead

                                                   $48      $36  

                           ($432,000 ÷ 9,000)   ($432,000 ÷ 12,000)

unit product cost                       $70      $58

Fixed overhead deferred (1,000 × $48)   $48,000  

Fixed overhead released                                             -$48000  

Fixed overhead deferred (3000 × $36)                        $108,000  

Net                                                             $48,000        $60,000

The amount of fixed overhead deferred in inventories is $60,000

8 0
3 years ago
If you were in a spaceship that could travel from Earth to the sun at a speed of 1.6 million miles per hour, how long would it t
const2013 [10]

Answer:idk sorry bud

Explanation:

8 0
3 years ago
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