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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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Answer:

Step 1: Identify and define the problem

Explanation

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5 0
3 years ago
A monopoly that attempts to charge the socially desirable price will invariably reduce their economic profit because:_______
shusha [124]

Answer:

D

Explanation:

A monopoly that attempts to charge the socially desirable price will invariably reduce their economic profit because average cost and marginal cost are equal.

8 0
3 years ago
Read 2 more answers
g On January 1, 2021, Sealed Air had 100,000 shares of common stock outstanding. The following transactions occurred during 2021
leonid [27]

Answer:

$3.10

Explanation:

Outstanding on Jan 1 = 100,000*12/12 = 100,000

Less: Treasury Stock 3,900*10/12 = (3,250)

Add: Sold Treasury Shares 3,900*3/12 = 975

Add: New Shares Sold 12,900*1/12 = 1075

Weighted Average of Equity Shares = 100,000 - 3,250 + 975 + 1,075

Weighted Average of Equity Shares = 98,800

Basic Earnings per Share = Net Income/Weighted Average of Equity Shares outstanding

Basic Earnings per Share = $306,750/98,800 shares

Basic Earnings per Share = $3.10475709

Basic Earnings per Share = $3.10

So, Sealed Air's basic earnings per share for the year ended December 31, 2021 is $3.10.

4 0
2 years ago
You just started working for a company, where should you first look to find a confidentiality policy concerning information you
mrs_skeptik [129]

B. Employee Handbook

4 0
3 years ago
A company regularly purchases cleaning supplies from a vendor and orders relatively consistent amounts of the same products on e
zvonat [6]

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3. Straight Rebuy

Straight rebuy is a buying situation in which the buyer routinely reorders something without any modifications.

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