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ella [17]
4 years ago
8

Accounts receivable from sales transactions were $45,427 at the beginning of the year and $61,370 at the end of the year. Net in

come reported on the income statement for the year was $124,042.
Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method would be ____.
Business
1 answer:
ZanzabumX [31]4 years ago
6 0

Answer:

The cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method would be $108,099

Explanation:

Cash Flow from Operating Activities adjusts the Net Income for the Year with (1) Non-Cash Items, (2) Items Appearing Elsewhere (3) Changes in Working Capital.

From the given data Net Cash flow from Operating Activities is Determined as follows:

<u>Cash flow from Operating Activities</u>

Net income                                                              $124,042

<em>Adjustment for Changes in Working Capital.</em>

Increase In Trade Receivables (61,370-45,427)    ($15,943)

Net Cash flow from Operating Activities              $108,099

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Landers Flynn Inc. has 1,000 shares of $5 cumulative preferred stock outstanding. Dividends were not paid last year. The corpora
yanalaym [24]

Answer:

The preferred stockholders $10,000

Common stockholders $4,000

Explanation:

The cumulative effect of the preferred stock is that the holders are entitled to arrears of dividends, in other words, they would receive this year last year's dividends in addition to current year's.

annual preferred stock dividends=dividend per share*number of preferred stock.

annual preferred stock dividends=$5*1000=$5000

dividends for 2 years=$5000*2=$10,000

common stock dividends=$14,000-$10,000=$4000

8 0
4 years ago
Larson Lumber makes annual deposits of $500 at 6% compounded annually for 3 years. What is the future value of these deposits?
Oliga [24]

Answer: $‭1,591.8‬0

Explanation:

This is an annuity as the deposits are constant.

The Future value of an annuity is;

= Annuity * Future value interest factor of annuity, 6% , 3 years

= 500 * 3.1836

= $‭1,591.8‬0

6 0
3 years ago
The compensation associated with restricted stock units (RSUs) under a stock award plan is the number of shares represented by t
tatiyna

Answer:

The market price of an unrestricted share of the same stock.

Explanation:

Restricted stock units (RSU) are defined as a type of compensation in shares that an employer will give to an employee.

Usually certain conditions or performance should be met before the employee gets this benefit. For example staying with the company for a number of years.

A vesting plan of distribution schedule is used to allocate the shares.

The value of the compensation will be the number of shares given by the RSU multiplied by the market value of unrestricted share of the same stock.

For example if an employee has RSU of 1,000 shares, and share value is $10

Value of RSU compensation = 1,000 * 10 = $10,000

5 0
3 years ago
Why did early farmers use slash-and-burn agriculture? A. to get rid of pests B. to get rid of old crops C. to keep the soil fert
Sphinxa [80]

C. To keep the soil fertile

the ashes somehow replenishes the soil thus providing nutrients for future crops. If they didn't do this, the soil would be depleted. They also rotated crops so that they didn't deplete the soil. 

Hopefully this helps.


7 0
3 years ago
Sally nash has decided she needs a new car. after doing some research, she has settled on a midsized four door sedan. she likes
dlinn [17]

The correct answer is evaluating alternatives. This is defined as the step 6 of the phase two in regards of the resource planning process by which it examines the drawbacks and the benefits in regards of each of the alternatives.

7 0
3 years ago
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