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trasher [3.6K]
3 years ago
8

During the current year, Morgan, Inc., had net income of $657,000. Morgan also recorded $203,000 in deprecation expense and had

the following changes in its balance sheet accounts: Accounts Receivable $ 28,000 increase Inventories 12,000 decrease Accounts Payable 21,000 decrease Compute the net cash provided by operating activities using the indirect method.
Business
1 answer:
Paraphin [41]3 years ago
6 0

Answer:

$823,000

Explanation:

To determine the net cash provided by operating activities using the indirect method we can use the following formula:

net cash flow = net income + depreciation expense - accounts receivable increase + inventory decrease - accounts payable decrease

net cash flow = $657,000 + $203,000 - $28,000 + $12,000 - $21,000 = $823,000

If accounts receivable decreased, then it would be added.

If inventories increased, then it would be subtracted.

If accounts payable increased, then it would be added.

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Bakers are much likely to supply pastries to the market if property rights are not enforced. In the presence of market failures,
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3 years ago
Fixed expenses are $17,000 per month. The company is currently selling 800 units per month. The marketing manager would like to
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                                                 Change

                                            Before       After      Difference

Fixed monthly expenses   $17,000   $11,000      $6,000

Variable cost per month               0     5,000       -5,000

Total cost per month         $17,000  $16,000      $1,000

Sales units per month              800      1,000           200 units

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