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3 years ago

The following information is available from the current period financial statements:

Business

1 answer:

ArbitrLikvidat [17]3 years ago

5 0

Answer:

The correct answer is option (a).

Explanation:

According to the scenario, the computation for given data are as follows:

Net cash flow = Net income + Depreciation expense - Increase in accounts receivable - Decrease in accounts payable

Net cash flow = $165,000 + $28,000 - $16,000 - $21,000

= $193,000 - $37,000

= $156,000

Hence, the net cash flow from operating activities using the indirect method is $156,000.

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4 years ago

Colorado Corporation has two classes of stock: common, $3 par value; and preferred, $30 par value.Requirements1.Journalize

Alborosie

Answer:

Debit Cash/Bank 27,000 (4,500 shares x $6 per share)

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Explanation:

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3 years ago

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shepuryov [24]

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3 years ago

True or False: The statistical difference between a process operating at a 5 sigma level and a process operating at a 6 sigma le

Nookie1986 [14]

Answer:

True

Explanation:

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4 years ago

has a sales budget for next month of $250,000. Cost of goods sold is expected to be 40% of sales. All units are paid for in the

yuradex [85]

Answer:

$105,000

Explanation:

Given that,

Sales budget for next month = $250,000

Cost of goods sold is expected to be 40% of sales.

Beginning inventory = $20,000

Desired ending inventory = $25,000

Beginning accounts payable = $52,000

Purchases for next month;

= Cost of goods sold + Desired ending inventory - Beginning inventory

= (40% × $250,000) + $25,000 - $20,000

= $100,000 + $25,000 - $20,000

= $105,000

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3 years ago