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
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

You might be interested in
Disadvantages of starting a business as an entrepreneur ?​
Degger [83]
Everyone might not be with you. People might be angry that if you go big you might take over there popularity. As an entrepreneur they needs lots of support and everyone might not be willing to give that support, entrepreneurs always going to have people against them. As an entrepreneur it’s takes lots of time so if you are willing to be one be PATIENT.!
4 0
3 years ago
Jack Wills owns a commercial nursery. Jack has more business than he wants, in fact, he is presently turning away exciting new b
Jobisdone [24]

Options to Answer

A) business aptitude

B) entrepreneurial aptitude

C) commercial opportunity

D) business capacity

E) managerial capacity

Answer:

E. Managerial capacity

Explanation:

Managerial capacity has to do with the ability or capacity for an individual to manage a business. Managerial capacity problem has to do with those problems that occurs when growth in an organization is limited by the manager's capacity. The managerial capacity is attributed to personnel, expertise, intellectual and so on. Insufficient managerial capacity leads to loss business opportunities like in this case we have here. Because of his inability to take in more worker, he's losing more businesses.

6 0
3 years ago
Read 2 more answers
Propose a theory or model that could be used to support implementation of the strategic plan for this organization. Explain why
Mkey [24]

When a company fails to execute its strategic plan, the first reaction is often to rewrite the org chart or tweak incentives. Clarifying decision-making authority and improving the flow of information both at the management level and throughout the organization is much more effective. After that, the appropriate structure and motives are usually set.

Similar to the Galbraith and Nathanson model, this is a systems-based model in which strategy development is processed as inputs from four interconnected elements: organizational structure, management processes, human resources, and culture, and outcomes achieve strategic goals as

A strategic plan is a systematic process of envisioning a desired future and translating that vision into broadly defined goals or goals and a series of steps to achieve them.

Learn more about the strategic plan at

brainly.com/question/24864915

#SPJ4

6 0
2 years ago
The most common service provided by a real estate agent when selling your home is
Julli [10]
The most common service provided by a real estate agent when selling your home is screening potential buyers. 
7 0
3 years ago
Motor Sales sold its old office furniture for $ 8 comma 500. The original cost was $ 18 comma 000​, and at the time of​ sale, ac
Vladimir79 [104]

Answer:

$1,500

Explanation:

For the computation of effect of the transaction first we need to find out the book value sold for which is shown below:-

Book Value sold for = Original cost of the furniture - Accumulated depreciation

= $18,000 - $10,000

= $8,000

Gain = $9,500 - $8,000

= $1,500

Therefore for computing the effect of the transaction we simply applied the above formula and as we can see that there is gain of $1,500

7 0
3 years ago
Other questions:
  • Nelson Company's Radio Division currently is purchasing transistors from Charlotte Co. for $3.50 each. The total number of trans
    6·1 answer
  • Pursuant to plan of reorganization adopted in the curren year, newman corporation exchanged property with an adjusted basis of 8
    9·1 answer
  • This past year inflation in Snowdonia has increased to 150%. As an economic analyst, you are charged with identifying those sect
    15·1 answer
  • One reason to buy a home instead of rent a home is:
    10·2 answers
  • Heartsong LLC is a designer and manufacturer of replacement heart valves based in Peoria, Illinois. While it is a relatively sma
    5·1 answer
  • Suppose that business travelers and vacationers have the following demand for airline
    13·1 answer
  • Louis Vuitton decides to invest $80,000,000 into a shoe factory in Milan from its money market account. The money market account
    10·1 answer
  • Zach sold a restaurant to Shane for $295,000. As part of the agreement, Zach promised not to open another restaurant business fo
    8·1 answer
  • HELP!!!!!!!!!!!!!!!!!
    8·2 answers
  • Click this link to view O*NET's Work Activities section for Reporters and Correspondents.
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!