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Sedbober [7]
3 years ago
7

Vaughn Manufacturing reported net income of $1.5 million in 2017. Depreciation for the year was $153,000, accounts receivable de

creased $343,900, and accounts payable decreased $282,900. Compute net cash provided by operating activities using the indirect approach. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Business
1 answer:
mars1129 [50]3 years ago
8 0

Answer:

The answer is $1,714,000

Explanation:

This is an indirect method of preparing operating activities under cash flow.

Net income $1,500,000

Add back:

Depreciation. $153,000

Changes in working capital:

Add: Decrease in accounts receivables $343,900.

Subtract: Decrease in accounts payable. ($282,900)

Net cash from operating activities:

$1,714,000

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Important meetings between a portfolio manager and his or her team of analysts take place in what is sometimes called "the war room" because that is where business strategies are discussed and formulated.

<h3>What is Business Strategy?</h3>

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With this in mind, the strategy room is called a war room because business is effectively war, especially in a capitalist system and the portfolio manager meets with his team of analysts in order to discuss business strategies.

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3 years ago
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Which of the following statements about steering needed resources to execution-critical value chain activities is false? a. Good
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The statement about steering needed resources to execution-critical value chain activities which is false is that good execution of a new or revised strategy often requires devoting more resources to some value chain activities and perhaps downsizing the operating budgets and resources devoted to activities/organizational units with a lesser role in the new strategy.

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