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3 years ago

Lacey Company prepared the tabulation below at December 31, 2022. Net Income $310,000

Business

1 answer:

valentinak56 [21]3 years ago

5 0

Answer:

Net cash provided by operating activities is $325,000.

Explanation:

Lacey Company

Cash Flow Statement (Operating Activities Only)

December 31, 2022.

Details Amount ($)

Net Income 310,000

Depreciation expense 45,000

Increase in accounts receivable (55,000)

Decrease in inventory 12,000

Increase in accounts payable 6,000

Increase in prepaid expenses (4,000)

Decrease in income taxes payable 3,500

Gain on disposal of land 7,500

Net cash provided (used) by operating activities  325,000 

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An investment project provides cash inflows of $615 per year for eight years. a. What is the project payback period if the initi

aksik [14]

Answer:

It will take 3 years and 66 days to pay for the initial investment.

Explanation:

Giving the following information:

Cash flows= $615 for 8 years

Initial investment= $1,750

The payback period is the time required to cover for the initial investment.

Year 1= 615 - 1,750= -1,135

Year 2= 615 - 1,135= -520

Year 3= 615 - 520= 95

Exactly:

(95/520)= 0.18*365= 66

It will take 3 years and 66 days to pay for the initial investment.

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3 years ago

Select the items that describe how business investments can cause economic growth.

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3 years ago

If sixty $1,000 convertible bonds with a carrying value of $70,000 are converted into 9,000 shares of $5 par value common stock,

Vinvika [58]

Answer:

Explanation:

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(Being the conversion of bonds is recorded)

The computation is shown below:

For bonds payable

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That means

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= $60,000

For Premium on bonds payable:

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= $10,000

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4 years ago

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REY [17]

Answer:

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Explanation:

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3 years ago

Corporate Fund started the year with a net asset value (NAV) of $12.50. By year-end, its NAV equaled $12.10. The fund paid year-

Setler79 [48]

Answer:

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Explanation:

Given Data:

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