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lbvjy [14]
3 years ago
9

Norbury Corporation's net income last year was $27,000. The company did not sell or retire any property, plant, and equipment la

st year. Changes in selected balance sheet accounts for the year appear below: Increases (Decreases) Asset and Contra-Asset Accounts: Accounts receivable$14,500 Inventory$(3,800) Prepaid expenses$10,000 Accumulated depreciation$26,000 Liability Accounts: Accounts payable$14,000 Accrued liabilities$(8,300) Income taxes payable$2,900 Based solely on this information, the net cash provided by (used in) operating activities under the indirect method on the statement of cash flows would be:
Business
1 answer:
joja [24]3 years ago
4 0

Answer:

The net cash provided by (used in) operating activities under the indirect method on the statement of cash flows would be $60,900

Explanation:

Norbury Corporation's Accumulated depreciation increases of $26,000, therefore, Depreciation expense was $26,000

Under the indirect method, cash flows from operating activities is calculating by using following formula:

Cash flows from operating activities = Net Income  + Non-Cash Expenses + Non-Operating Losses  − Non-Operating Gains + Decrease in Current Assets  − Increase in Current Assets  + Increase in Current Liabilities − Decrease in Current Liabilities = $27,000 + $26,000 + $10,000 + $3,800 - $14,500 + $14,000 + $2,900 - $8,300 = $60,900

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Ziff Corp. has a very attractive credit policy, and none of its customers pays in cash when the firm makes a sale. Ziff Corp. se
posledela

Answer:

$148,500

Explanation:

Data given

Sales = $150,000

Rate of discount = 10

The computation of Ziff Corp. cash received from customer is shown below:-

Total collection = Sale × (1 - Rate of discount)

= $150,000 × (1 - 0.01)

= $150,000 × 0.99

= $148,500

Therefore for computing the total collection we simply applied the above formula.

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3 years ago
PLS HELP
Vera_Pavlovna [14]

Answer:

1. How is a bond like an IOU?

A bond is an IOU because it is actually a type of IOU. A bond is in essence a security in which the bond issuer promises to pay the bondholder the full value of the bond at maturity, plus interest payments (coupons) that can be paid either periodically, or at maturity as well.

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Investment grade bonds are those bonds that have a rating that is considered "safe". This rating is provided by agencies such as Standard and Poors or Moody's. It is the credibility behind these agencies that makes a bond with that type of rating a safe investment.

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The investor makes money because he or she obtains the full value of the bond at maturity plus interest (coupon payments).

Bondholders also have priority over stockholders in case of bankruptcy, so a bond is in many cases a safer investment than a stock.

4. Would you recommend your Stock Market Game team include a bond in your portfolio? Why, why not?

Yes, bonds should be included because they are one of the two main types of securities, the other being stocks precisely. Companies often have to take the decision to finance their operations either with bonds or stocks, or a combination of the two, so if the game includes bonds, it also becomes more realistic.

7 0
3 years ago
The minimum monthly payment for Rebecca's credit card is 2% of her balance or $15, whichever is higher. If Rebecca's balance at
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The post-closing trial balance helps to verify that: (Select all that apply.) Multiple select question. we prepared and posted c
Artyom0805 [142]

It can be deduced that the post-closing trial balance is important as it verifies that:

  • we prepared and posted closing entries correctly.
  • the accounts are ready for next period's transactions.

<h3>What is a trial balance?</h3>

A trial balance simply means the bookkeeping where the balance of all the ledgers are compiled.

The post-closing trial balance is important as it verifies that we prepared and posted closing entries correctly and that the accounts are ready for next period's transactions.

Learn more about trial balance on:

brainly.com/question/24696035

4 0
3 years ago
At a team meeting, your manager addresses some of the discord between your team members and suggests that your team should work
Sergio039 [100]

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Based on the scenario given in the question, what I would say to convince the manager to keep the team working together is that "diverse teams made up of people with different experiences are better able to create competitive advantages in the marketplace".

For the growth and development of every organization, teamwork is required and a diverse team that consult of people with different experience and skills will help achieve this. Everyone contributes his or her own quota on the achievement of organizational goals.

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