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
jek_recluse [69]
2 years ago
11

Company AA had net income of $20,000 in 2017. Compared to previous year, Accounts Receivable decreased by $10,000, Prepaid Rent

increased by $1,000, Accounts Payable decreased by $1,000. Finally, their depreciation for 2017 was recorded as $5,000. Compute net cash provided by operating activities.
Business
1 answer:
marin [14]2 years ago
7 0

Answer: The net cash provided by operating activities is $33,000.

Explanation: The amount above was arrived at by computing the following:

Company AA

Statement of Cash Flows for the Year 2017

Net income                                                            $20,000

Add depreciation:                                                      5,000

Decrease in Accounts receivable                           10,000

Increase in Prepaid rent                                           (1,000)

Decrease in Accounts payable                                (1,000)

Net cash flows from operating activities            $33,000

Please note the following:

  • Depreciation was added back because it is non-cash item
  • Decrease in accounts receivable represents cash inflow
  • Increase in prepaid rent represents an outflow of cash
  • Decrease in accounts payable represents cash outflow

You might be interested in
Taxes on goods with ___________ demand curves will tend to raise more tax revenue for the government than taxes on goods with __
Brrunno [24]

Answer:

The answer is A

Explanation:

Taxes on goods with INELASTIC demand curves will tend to raise more tax revenue for the government than taxes on goods with ELASTIC.

Goods with inelastic demand are insensitive to price. An increase price of the goods for example from an increase in tax on the goods will have no significant effect in the quantity demanded. Consumers will still buy it with an higher. So taxing this goods is a good source of revenue for the government.

Whereas goods with elastic demand are very sensitive to rice. Any slight increase in price will result in a significant decrease in quantity demanded. So government increasing tax on this good will be bad for its tax revenue because consumers won't be it

4 0
3 years ago
Patrick has chosen to double major in finance and microbiology and studies 14 hours a day as a result. To make it through his st
Varvara68 [4.7K]

Answer:

D) The extra energy benefits Patrick gets from another can are no longer worth the cost. MB/MC (S)

Explanation:

The optimal quantity for Patrick to consume is 5 cans of GreenCow.

This is the quantity where MARGINAL BENEFIT EQUALS MARGINAL COST. For all quantities up to the 5th, the marginal benefit is higher than the marginal cost. This means that Patrick's net benefit is increasing, and consuming all units up to this point make him better off.

If Patrick were to consume any more than 5 cans of GreenCow, the cost of each additional can would be higher than the additional benefit (because the marginal cost curve is higher than the marginal benefit curve). Consuming any cans beyond the 5th, therefore, makes him worse off.

4 0
3 years ago
Suppose you have just​ retired, have accumulated many luxury goods over the​ years, still owe a mortgage on your​ home, still ha
Pavlova-9 [17]

Answer:

review your progress, reevaluate, and revise your plan

Explanation:

Based on the information provided within the question it can be said that in this scenario the step that you have completely neglected is to review your progress, reevaluate, and revise your plan. That is because in this scenario many events have occurred, and it seems that your financial plan after retirement has not been adjusted with each and every one of these life events. Therefore it is outdated and most likely not providing the benefits it once did.

3 0
3 years ago
Which of the following products is likely to require the most help from a sales person?
Nina [5.8K]

a house, duh, clothing can be hung and stored, potato chips are bagged, a magazine is almost useless, but a house needs plants trimmmed and rooms cleaned and taking care of bugs and such

7 0
3 years ago
Read 2 more answers
Part i51 is used in one of pries corporation's products. the company makes 18,000 units of this part each year. the company's ac
Andrews [41]

<span>If Part i51 is used in one of pries corporation's products and the company makes 18,000 units of this part each year, then the company's accounting department reports the following costs of producing the part at this level of activity that an outside supplier created an offer to produce and create a selling process to the company.</span>

4 0
2 years ago
Other questions:
  • One party is prohibited from disclosing confidential information, technologies, or processes utilized by the other party during
    7·2 answers
  • Which of the following statements is false about assessing interests in negotiations? Select one: a. If you don’t ask what the o
    15·1 answer
  • A comparative advantage is the ability of a country to produce a particular good or service at a lower ____________ than another
    5·1 answer
  • On January 1, 2021, Sauder Corporation signed a five-year noncancelable lease for equipment. The terms of the lease called for S
    7·1 answer
  • On June 30, 2018, Campbell Company’s total current assets were $500,500 and its total current liabilities were $276,500. On July
    7·1 answer
  • Wal-Mart's Electronic Data Interchange (EDI) systems automate ordering and payment processes with suppliers, thereby reducing co
    14·1 answer
  • What signs of maturity were shown towards the end of Tall Girl? Movie
    13·1 answer
  • A property is under an effectively dated contract of April 23rd, with a 15-day financing contingency extending through the date
    5·1 answer
  • As the full-time bookkeeper, your job is to make any corrections to the general ledger accounts. Each correction needs the reaso
    7·1 answer
  • Both ________ and ________ are monetary liabilities of the fed.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!