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nordsb [41]
3 years ago
15

For each item listed below, indicate the effect on net income in arriving at cash flows from operations by choosing one of the f

ollowing code letters. Code Cash Flows from Operating Activities Add to Net Income A Deduct from Net Income D 1. A decrease in accounts receivable 2. Increase in inventory 3. Increase in prepaid expenses 4. A decrease in accounts payable 5. Decrease in accrued liabilities 6. Increase in income taxes payable 7. Depreciation expense 8. Loss on sale of investment 9. Gain on disposal of equipment 10. Depletion expense2) Please complete the following:Net Income......................................................................................... $177,000Adjustments to reconcile net income to net cash provided by operating activities:Depreciation expense, $15,000........................................................ _______Increase in accounts receivable, $45,000........................................... _______Increase in inventory, $22,000......................................................... _______Decrease in accounts payable, $11,800............................................. _______Increase in income taxes payable, $1,500.......................................... _______Gain on sale of land, $5,000............................................................ _______
Net cash provided (used) by operating activities.................................. _______
Business
1 answer:
Liono4ka [1.6K]3 years ago
6 0
1 2 5 são números par thank from e escreva-se
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The department chair had allotted plenty of time for all department (and project) members to prepare sections of their five-year
Zolol [24]

<u>Answer:</u> lack of motivation

<u>Explanation:</u>

In this case the the department chair has provided a task to all the team members where the team members have failed perform their tasks. This is because they do not have any benefits out of doing the task such as motivation.

There is no motivation such as appreciation, reward, incentives or growth opportunities in performing the task given by the department chair. The employees did not go through the review of activities and goals before creating the program review.

6 0
3 years ago
On January 1, 2014 the Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $30,000 and $500, respect
san4es73 [151]

Answer:

correct option is $750

Explanation:

solution

we know here that Net balance of opening accounts receivable is

Net balance of opening accounts receivable = $30000 - $500

Net balance of opening accounts receivable = $29500

and

Credit sales during the year is here $7500 0

and Cash payments received = 74550

so

uncollecectible account expenses = credit sales × % of sale uncollectible

so uncollecectible account expenses = $75000 × 1%

uncollecectible account expenses  = $750

so correct option is $750

8 0
3 years ago
There are three factors that can affect the shape of the Treasury yield curve (r*t, IP_t, and MRP_t) and five factors that can a
LuckyWell [14K]

Answer:

b) Upward-sloping yield curve

5 0
4 years ago
At the beginning of 2016, Emily Corporation issued 24,000 shares of $100 par, 7%, cumulative, preferred stock for $110 per share
ICE Princess25 [194]

Answer: $2,100

Explanation:

Given:

No. of shares 24,000 of $100 par  

Dividend per year = (100 shares X $100 par) X 7% = $700  

Since, <em><u>the preferred stock is cumulative, the holders will receive past dividends not distributed</u></em>.

From 2016: 700

From 2017: 700

From 2018: 700

<em><u>Total = $2,100</u></em>

7 0
4 years ago
Marcos Industries uses the retail method of inventory costing. The retail value of the inventory is $478,000. If the ratio of co
dybincka [34]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

The retail value of the inventory is $478,000. The ratio of cost to retail price is 60%. What is the amount of inventory to be reported on the financial statements?

Inventory= 478,000*0.60= $286,800

7 0
4 years ago
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