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UkoKoshka [18]
3 years ago
8

Westfall Industries began 2018 with accounts​ receivable, inventory, and prepaid expenses totaling $ 50 comma 000 and its total

current liabilities totaling $ 36 comma 000. At the end of the​ year, these same current assets totaled $ 48 comma 000​, while its total current liabilities totaled $ 40 comma 000. Net income for the year was $ 81 comma 000. Included in net income were a $ 4 comma 000 loss on the sale of land and depreciation expense of $ 8 comma 000. Show how Westfall should report cash flows from operating activities for 2018. The company uses the indirect method. ​(Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in​ cash.)
Business
1 answer:
Dafna11 [192]3 years ago
5 0

Answer:

The cash flows from operating activities for 2018 is $99,000.

Explanation:

Westfall Industries

Statement of cash flows (extract)

Net income                                                 $81,000

Add Loss on the sale of land                        4,000

       Depreciation expense                           8,000

       Decrease in current asset                     2,000

       Increase in current liabilities                  4,000

Cash flows from operating activities      $99,000

  • Decrease in current assets was arrived at by comparing the closing balance of $48,000 to the opening balance of $50,000.
  • Increase in current liabilities was arrived at by comparing the closing balance of $40,000 to the opening balance of $36,000.

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The correct answer is economics of scale.

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Size of business affects the economies of scale, larger the firm the more will be savings on cost.  

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A buyer and a seller are disputing a contract for sale and purchase. They agree to submit the matter to a third party who will m
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3 years ago
Will make you BRAINLIEST!
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Answer:

The recent loss of 440 manufacturing jobs at Ford Australia has generated a lot of debate about the long-term viability of the Australian car industry, and manufacturing in general. This debate has included arguments that manufacturing is important and needs more government support. It has also seen some commentators argue that Australian’s have no right to expect jobs in manufacturing.

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Ghost, Inc., has no debt outstanding and a total market value of $240,000. Earnings before interest and taxes, EBIT, are project
Elina [12.6K]

Answer:

a-1. We have:

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Normal EPS = $2.13

Expansion EPS = $2.45

a-2. We have:

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Explanation:

Note: See the attached excel file for the calculations of the EPS and the percentage changes in EPS.

From the attached excel file, we have:

a-1. Calculate earnings per share (EPS) under each of the three economic scenarios before any debt is issued.

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Normal EPS = $2.13

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Download xlsx
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3 years ago
A manager's operation had sales this period of $89,775. last period sales were $85,500. what was the manager's percentage sales
alexandr402 [8]

A manager's operation had sales this period of $89,775. last period sales were $85,500. So the manager's percentage sales increase for this period when compared to last period was 5% .

The percentage increase is the measure of the percentage change. The percentage increase is defined as the ratio of increased value to the original value and then multiplied by 100. Here the increased value can be calculated by taking the difference between the final value and the initial value. The formula to calculate increase is given by -

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