1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aivan3 [116]
3 years ago
13

Creble Company reported net income for 2016 in the amount of $40,000. The company's financial statements also included the follo

wing: Increase in accounts receivable $4,000
Decrease in inventory 2,000

Depreciation expense 3,000

Gain on sale of equipment 5,000

In the statement of cash flows what is net cash provided by operating activities under the indirect method?

$36,000.

$41,000.

$40,000.

$38,000.
Business
1 answer:
WITCHER [35]3 years ago
3 0

Answer:

$36,000

Explanation:

Net Cash = Net Income for 2016 - Accounts Receivable + Decrease in inventory + Depreciation expense - Gain on sale of equipment

=> Net Cash = $40,000 - $ 4,000 + $2,000 + $3,000 - $5,000

=> Net Cash = $36,000

You might be interested in
Suppose you are planning a summer vacation and book a hotel room online for $149 a night. However, when you get to the reservati
Anettt [7]

Answer:

iii

Explanation:

Most of the time hotels will charge more when more rooms are booked, so when you book your hotel room, and many rooms are booked, most people do get charged more.

3 0
2 years ago
Koch traded Machine 1 for Machine 2 when the fair market value of both machines was $50,000. Koch originally purchased Machine 1
nexus9112 [7]

Answer:

The right answer is $50,000

Explanation:

Simply put, adjusted basis is the cost of an object after factors that affects the cost has being considered. These factors usually include taxes, depreciation value and any other cost incurred in getting and retaining the said object. Adjusted basis is important so as to know the right amount to sell.

Adjusted basis increases when an individual factors the cost incurred from taxes and maintenance ad it reduces when he/she factors in depreciation.

In the case of Koch, he already exchanged his machine for another at $50,000, as far as he is concerned at that moment, the adjusted basis is $50,000 because it was exchanged in a fair market.  

8 0
3 years ago
Say the average increase in pay for non-union workers in 2011 is 2% across the U.S. If a workers' union successfully negotiates
4vir4ik [10]

Answer:

cut back the expansion of labor as a trade off between higher salaries but fewer workers.

Explanation:

If the employer believes that he is paying above average wages, he will try to reduce labor costs. Since unions are specially good in preventing massive layoffs, the other alternative left for the employer is to not hire new employees, or reduce the number of new employees that he expected to hire.

6 0
3 years ago
What is the impact on the accounting equation when an accounts receivable is collected?
Alinara [238K]
DONT TRUST THAT LINK! IT IS USED TO STEAL PERSONAL INFORMATION! Report any links people give you.

Answer for your question!

Because one asset increases and another decreases by the same amount, the accounting equation remains unchanged and in balance, suggests Principles of Accounting. For example, if you collect $100 from an account receivable, cash increases by $100 and accounts receivable decreases by $100.
5 0
3 years ago
Ben wants to purchase a new tablet. He spends a lot of time researching the latest features available on different brands of tab
Vladimir [108]

Answer:

motivated

Explanation:

to purchase the target, making him a (n) motivated consumer

5 0
3 years ago
Other questions:
  • Janice spends her weekends with her friends at shopping malls. She acknowledges that her weekend shopping outing is driven by bo
    9·1 answer
  • ​DeShawn's Detailing is a service that details cars at the​ customers' homes or places of work.​ DeShawn's cost for a basic deta
    8·1 answer
  • What factors underlay the decision by Volkswagen to invest directly in automobile production in Russia? Why was FDI preferable t
    9·1 answer
  • What are the advantages of a bank savings account?
    10·2 answers
  • The following transactions are for Oriole Company.
    8·1 answer
  • Examples of humans depicted with the features of lions, bison, stags, or even plants suggests A. The existence of a religious li
    12·1 answer
  • Assume that the building the company wants to build is a manufacturing plant and that it was going to be built in a semi-residen
    11·1 answer
  • If a multinational company in England pays cash for a factory in India then the company in England has a
    15·1 answer
  • Anna is 88 years old and under the court-appointed guardianship of her daughter. One day Anna receives a telephone call from a h
    7·1 answer
  • The revenue manager at the 133-room Big Bluff Bunkhouse Hotel noticed that, based on information from the past several years, th
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!