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vlabodo [156]
3 years ago
6

The following income statement and information about changes in noncash current assets and current liabilities are reported. SON

AD COMPANY Income Statement For Year Ended December 31, 2017 Sales $ 1,828,000 Cost of goods sold 991,000 Gross profit 837,000 Operating expenses Salaries expense $ 245,535 Depreciation expense 44,200 Rent expense 49,600 Amortization expenses–Patents 4,200 Utilities expense 18,125 361,660 475,340 Gain on sale of equipment 6,200 Net income $ 481,540 Changes in current asset and current liability accounts for the year that relate to operations follow. Accounts receivable $ 30,500 increase Accounts payable $ 12,500 decrease Inventory 25,000 increase Salaries payable 3,500 decrease Required: Prepare only the cash flows from operating activities section of the statement of cash flows using the indirect method.
Business
1 answer:
Kitty [74]3 years ago
4 0

Answer:

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $481,540

Adjustment made:

Add : Depreciation expense $44,200

Add: Amortization expense $4,200

Less: Gain on sale of equipment - $6,200

Less: Increase in accounts receivable - $30,500

Less: Increase in inventory  - $25,000

Less: Decrease in accounts payable - $12,500

Less: Decrease in salaries payable - $3,500

Net Cash flow from Operating activities                          $452,240

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Theodosia was laid off from her last job. What should she put on her next application as her reason for leaving that job?
OleMash [197]

Answer:

O Downsizing

Explanation:

A lay off happens when the employer has closed down, has changed locations, or when there is not sufficient work for all the employees. A layoff is not caused by an employee's fault.

Downsizing refers to scaling down of operation. When a company downsizes, some of the employees will be laid off. Theodosia should mention she was laid off in her next application. The potential employer will realize that she wasn't at fault at her previous workplace.

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3 years ago
What is one TRUE statement about the stock exchange?
Travka [436]

Answer:

Explanation:

  1. For every seller, there has to be a buyer. For every buyer, there has to be a seller.
  2. The market determines the value put on a stock at least when the stock is on an exchange.
  3. There are many parameters used to determine if a stock should be bought or sold.
3 0
3 years ago
The ___ show(s) the quantity of a good consumers would be willing and able to purchase at a given time for a range of prices whi
finlep [7]

Answer:

a) demand curve and demand schedule

Explanation:

A demand schedule is actually a table while a demand curve is a graph. Understanding the difference between the two of them is important in answering this question but both show different quantities of goods that consumers are willing to buy at different prices. An important assumption is that other factors affecting the quantity demanded are held constant. In summary, a demand schedule shows this relationship in a tabular form while demand curve shows it in a graphical form.

3 0
3 years ago
Do you think volleyball is stupid yes or no
labwork [276]

Question: Do you think volleyball is stupid yes or no?

Answer: No, because it  is in fact like every other sport there is a winning team and a losing team and both teams have to come up with strategies to win the game. I think that volleyball is a really good sport for both men and woman to play/compete in.

In conclusion I think that volleyball is actually a really good game because by the time you are done playing either you win or you lose you are aready out of energy. So no volleyball is not a stupid game because it is like any other sprt it is a winner and loser game.

I hope this helps :)

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3 years ago
Read 2 more answers
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Answer:

modified product - multiple markets

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This type of strategy consists of offering different products, which are modified versions of some exiting product, to new markets.

In this case, the improved version of the wood wax is a modified version of the old wood wax, and is going to be targeted to a new and specific market (antique owners), while the original version is still going to be targeted at the current market.

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3 years ago
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