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Zanzabum
3 years ago
14

Innovative Products reported net income of $226,000. Beginning and ending inventory balances were $48,000 and $49,000, respectiv

ely. Accounts Payable balances at the beginning and end of the year were $39,000 and $34,500, respectively. Assuming that all relevant information has been presented, the company would report net operating cash flows of:
Business
1 answer:
Maslowich3 years ago
4 0

Answer:

The correct answer is $220,500.

Explanation:

According to the scenario, the computation of the given data are as follows:

We can calculate the net operating cash flow by using following formula:

Net operating cash flow = Net income - ( Ending - Beginning Inventory) - ( Beginning - ending in AP)

By putting the value, we get

= $226,000 - ( $49,000 - $48,000 ) - ( $39,000 - $34,500)

= $226,000 - $1,000 - $4,500

= $220,500

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the percentage of totoal workers who are out of work but seeking jobs and willing to work is known as the ___ rate?
liubo4ka [24]

Answer:

the unemployment rate

4 0
3 years ago
Read 2 more answers
Which ICS functional area tracks resources, collects and analyzes information, and maintains documentation?
igor_vitrenko [27]

Answer:

The correct answer is a) planning

Explanation:

The functional area that tracks resources,  collects and analyzes information, preparing incident action plans, documenting incident action plans and maintains documentation is the planning section.

And is supervised for the section chief of this ICS functional area

8 0
3 years ago
Harris Co. is considering a 12-year project that is estimated to cost $900,000 and has no residual value. Harris seeks to earn a
masha68 [24]

Answer:

annual income = $70,292.52

Explanation:

initial outlay $900,000

in order to determine the net cash flows per year we can use the present value of an ordinary annuity:

PV = annual cash flow x annuity factor

  • PV = $900,000
  • annuity factor, 15%, 12 years = 6.1944

annual cash flow = $900,000 / 6.1944 = $145,292.52

annual cash flow = [(revenue - operating costs - depreciation) x (1 - tax rate)] + depreciation

  • revenue - operating costs - depreciation = annual income
  • tax rate = 0?
  • depreciation = $900,000 / 12 = $75,000

$145,292.52 = annual income + $75,000

annual income = $145,292.52 - $75,000 = $70,292.52

3 0
3 years ago
A building with an appraisal value of $128,156 is made available at an offer price of $153,050. The purchaser acquires the prope
elena55 [62]

Answer:

$117,201

Explanation:

Calculation for what The cost basis recorded in the buyer's accounting records to recognize this purchase is

Using this formula

Cost basis=Cash+Note payable+Mortgage

Let plug in the formula

Cost basis=$32,829+$26,957+$57,415

Cost basis=$117,201

Therefore The cost basis recorded in the buyer's accounting records to recognize this purchase is $117,201

7 0
2 years ago
You are planning to open a new Italian restaurant in your hometown where there are three other Italian restaurants. You plan to
gtnhenbr [62]

Answer:

C) The demand curve facing each restaurant owner becomes more elastic.

Explanation:

Evidently, the competition increases when a new player enters the market. By entering the market with a new, specialized restaurant, the demand curve of each restaurant becomes more elastic. That is because consumers have more restaurants to compare the price, so they can go for the most convenient. When that happens, the demand is more sensitive to price change.

4 0
3 years ago
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