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JulijaS [17]
3 years ago
12

Net income reported on the income statement for the current year was $350,000. Depreciation recorded on plant assets was $26,000

. Accounts receivable and inventories increased by $3,000 and $5,000 respectively. Prepaid expenses and accounts payable decreased by $2,500 and $13,000 respectively. Using the indirect method, how much would be reported as net cash flow from operating activities on the statement of cash flows
Business
1 answer:
Sonbull [250]3 years ago
6 0

Answer:

$357,500

Explanation:

Cash flow from operating activities on the statement of cash flows:

= Net income + Depreciation Expense - Increase in accounts receivable - Increase in inventory + Decrease in prepaid expense - Decrease in accounts payable

= $350,000 + $26,000 - $3,000 - $5,000 + $2,500 - $13,000

= $357,500

Therefore, the net cash flow from operating activities is $357,500.

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The last step of the human resource planning system is to: publish a human resource inventory listing the names, ages, job title
Anastaziya [24]

The last step of the human resource planning system is to: establish a strategic plan for recruiting, selecting, training, appraising, compensating, and scheduling the labour force

Explanation:

Human Resource Planning (HRP) is the method of forecasting the company's future human resource demands and deciding how the company's existing human resources expertise can be used to meet these requirements.

The strategy employed by the company to keep a steady supply of qualified personnel while avoiding vacancies or surpluses in its workforce is human resources preparation. A successful HRP approach will mean a company's competitiveness and profitability.

The HRP process consists of four key steps:

  • These include study of current labour supply,
  • Labour demand forecasts,
  • The balance of expected job demand and supply, and
  • Support for organisational priorities.
7 0
3 years ago
According to Feiler, what is the good news about families today? What is the bad news and the worst news? Have you witnessed any
Amanda [17]
Good news is when families are happy not arguing with each other. The bad news is when they fight and it messes up the family they separate.
7 0
3 years ago
Kubin Company’s relevant range of production is 13,000 to 18,000 units. When it produces and sells 15,500 units, its average cos
Otrada [13]

Answer:

1. $296,050

2. $141,050

3. $330,300

4. $135,300

Explanation:

Given that,

When company produces and sells 15,500 units;

Direct materials = $ 7.40

Direct labor = $ 4.40

Variable manufacturing overhead = $ 1.90

Fixed manufacturing overhead = $ 5.40

Fixed selling expense = $ 3.90

Fixed administrative expense = $ 2.90

Sales commissions = $ 1.40

Variable administrative expense = $ 0.90

1. Total amount of product costs:

= Number of units × (Direct Material Per Unit + Direct Labor Per Unit + Variable Manufacturing Overhead + Fixed Manufacturing Overhead Per Unit)

= 15,500 × ($ 7.40 + $ 4.40 + $ 1.90 + $5.40)

= 15,500 × $19.10

= $296,050

2. Total Amount of Period Costs:

= Number of Units × (Fixed Selling Expense Per Unit + Fixed Administrative Expense Per Unit + Sales Commissions Per Unit + Variable Administrative Expense Per Unit)

= 15,500 × ($ 3.90 + $ 2.90 + $1.40 + $0.90)

= $141,050

3. Total amount of product costs at 18,000 units:

= Direct Material + Direct Labor + Variable Manufacturing Overhead + Fixed Manufacturing Overhead

= (18,000 × 7.40) + (18,000 × 4.40) + (18,000 × 1.90) + (15,500 × 5.40)

= $133,200 + $79,200 + $34,200 + $83,700

= $330,300

4. Total amount of period costs at 13,000 units:

= Fixed Selling Expense + Fixed Administrative Expense + Sales Commissions + Variable Administrative Expense

= (15,500 × $3.90) + (15,500 × $2.90) + (13,000 × $1.40) + (13,000 × $0.90)

= $60,450 + $44,950 + $18,200 + $11,700

= $135,300

4 0
3 years ago
Enter mia's total profit/loss for the month in the box below then click submit
o-na [289]

Answer:

350

Explanation:

Add 9000 + 200 = 9200

Then you do 9550 - 9200 = 350

4 0
3 years ago
The journal entry to record the use of utilities in a factory could include which two of the following:
kati45 [8]
Answer: Debit to Factory Overhead.
Credit to Factory Utilities Payable.

Explanation:Utilities are part of actual overhead costs. It is a necessary cost in order to operate the factory, but is not DIRECT Labor or DIRECT Material.

7 0
2 years ago
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