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kumpel [21]
3 years ago
14

Lani's generated net income of $911, depreciation expense was $47, and dividends paid were $25. Accounts payables increased by $

15, accounts receivables increased by $28, inventory decreased by $14, and net fixed assets decreased by $8. There was no interest expense. What was the net cash flow from operating activity?
Business
1 answer:
guajiro [1.7K]3 years ago
5 0

Answer:

What was the net cash flow from operating activity? $959

Explanation:

Net Income                 911  

Addition to cash    

Depreciation                   47  

 

958  

 

Operation activities  

Account Payable               15 Increase

Account receivables      -28 Increase

Inventory                         14 Decrease

 

Cash flow from

operating activities      959  

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2 years ago
Niles believes that the reports are true and does not intend to deceive Prime Business, but does not check the reports before ce
Archy [21]

The complete question is:

Niles, an accountant, certifies several audit reports on Optimal Operational Processes, Inc., Nile's client, knowing that the company intends to use the reports to borrow money from Prime Business Lending Company to buy new equipment. Niles believes that the reports are true and does not intend to deceive Prime Business, but does not check the reports before certifying them. Can Niles be held liable to Prime Business?

Answer:

Yes can be held liable

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This is an act of negligence on Nile's part and he can be held liable for damages resulting from the oversight.

The certified audit report is not only being used by Prime business but other third parties like investors and other stakeholders. Any of these can hold Mike's liable for any misleading information in the audit reports

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3 years ago
Internal control over a company’s assets should include which of the following?
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I need help with question three :/
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In the 5:1 ratio the highest paid executive would earn $120,000 and with the 7:1 that executive would earn $168,000. A manager might be upset with these rules because their compensation could not exceed 5 or 7 times the amount made by the lowest paid employee. The managers compensation would not rise much from year to year and it offered no benefits if the company’s profits improved dramatically.
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11.11%

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For computing the annual percentage rate (APR) we need to apply the RATE formula i.e to be shown in the attachment below.

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So, after applying the formula, the APR is 11.11%

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