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
gregori [183]
4 years ago
6

Net income for the year for Carrie, Inc. was $750,000, but the statement of cash flows reports that net cash provided by operati

ng activities was $860,000. What might account for the difference?
Business
1 answer:
dybincka [34]4 years ago
3 0

Answer:

The difference might relate to depreciation, loss on sale of fixed assets, or change in working capital.

Explanation:

The net cash flow from operating activities is calculated after adding and deducting certain items and adjustments to net income to get operating cash flow.

First of all, the gains or losses from sale of fixed assets are adjusted, losses are added back and gains are deducted, to get income from operations.

All the non cash transactions that is unrealized gains or losses are eliminated.

Depreciation being non cash is added back.

All the changes in working capital is adjusted.

Increase in value of current assets are deducted, decrease in value of current assets are added, increase in current liability is added and decrease in current liabilities is deducted.

Thus, after all these adjustments the cash flow from operating activities is calculated.

In the given instance also, the difference might relate to depreciation, loss on sale of fixed assets, or change in working capital.

You might be interested in
Stella is a volunteer at her church during bingo night. At the end of the night, it is her responsibility to take the evening's
nadya68 [22]
Larceny is the answer i believe
7 0
3 years ago
The budget is one of the three values of earned value management and is also known as _____. a. actual cost b. indirect cost c.
enot [183]

Answer:

The correct answer is d. planned value

Explanation:

Among project managers, the Earned Value is one of the most demanded requirements of management tools. When we talk about it, we refer to Earned Value Management (EVM), a series of parameters that advise on the operation of the project based on a planning. The Earned Value will inform us of the cost and time deviations of the project. So, thanks to its functionality, we can make faster and more effective decisions, based on concrete data about the reality of the work performed.

4 0
4 years ago
Part of having ______ means understanding that businesspeople from other countries may have very different attitudes about punct
gulaghasi [49]

Answer: Cross cultural competency.

Explanation:

Cross cultural competency means the ability to easily relate with people of different cultures and the ability to understand why people of a particular culture act in particular way. When a manager for instance has a high level of Cross cultural competency, he/she would be able to understand the attitude towards work a people from particular culture share.

7 0
3 years ago
Mrs. Eller's corporate employer has a cafeteria plan under which its employees can receive a $3,000 year-end Christmas bonus or
Alina [70]

Answer and Explanation:

a. The computation is shown below;

Cash bonus after tax is ($3,000 × (1 - 0.24) $2,280

And, non taxable fringe benefit is $2,300

So here he should use the nontaxable fringe benefit

b. Yes answer would be changed

Cash bonus after tax is ($3,000 × (1 - 0.12) $2,640

And, non taxable fringe benefit is $2,300

hence, the same is to be considered

4 0
3 years ago
When president obama was elected, the u.s. economy was in trouble, and has slid into a recession. consumer spending was low and
scoundrel [369]

Answer: Keynesian Economic Theory

Explanation: The policy adopted by the President was to cut back taxes and increase government spending on road, bridges and schools. This policy of the government is called the expansionary fiscal policy which is used to combat an economy suffering from recession. The Keynesian theory also supports the argument that when an economy is suffering from recession, economic output is influenced by aggregate demand. Thus, the government and use its fiscal policy tools to bring the economy out of recession. It also supports that the Fed can also use its monetary policy to bring the economy out of recession. But since here taxes and government spending are uses, we can say that Obama was a proponent of Keynesian Economic theory.

6 0
3 years ago
Other questions:
  • Donna Corporation manufactures custom cabinets for kitchens. It uses a normal- costing system with two direct-cost categories-di
    15·1 answer
  • Albert Co. acquired 4,000 shares of Nolan, Inc., common stock on October 20, Year 2, for $66,000. On November 30, Year 4, Nolan
    14·1 answer
  • Which of the following statements regarding inventory costing methods is correct? Multiple Choice In periods of inflation, LIFO
    10·1 answer
  • Adam Company's net income for the year is $100 million. Weighed-average shares are 50 million shares. In addition to common shar
    9·1 answer
  • Christin, the CEO of a national IT manufacturer, was approached by Ultimate Phones, a new company that is marketing a new type o
    14·1 answer
  • 2. Before the Interview If you do well in the application process and screening interview, you will be invited to a face-to-face
    8·1 answer
  • Using the BCG​ growth-share matrix as a​ guide, Masumura Technologies identified question marks in its business portfolio but is
    10·1 answer
  • A fee interest timeshare divides the ownership of a unit into separate time intervals.
    12·1 answer
  • Graham Company uses the​ percent-of-sales method to estimate uncollectibles. Net credit sales for the current year amount to $ 1
    10·1 answer
  • The following data refer to Brompton Company’s ending inventory:
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!