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
bearhunter [10]
3 years ago
9

Hampton Company reports the following information for its recent calendar year. Income Statement Data Selected Year-End Balance

Sheet Data Sales $ 71,000 Accounts receivable increase $ 6,000 Expenses: Inventory decrease 4,000 Cost of goods sold 38,000 Salaries payable increase 900 Salaries expense 11,000 Depreciation expense 6,000 Net income $ 16,000 Required: Prepare the operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)
Business
1 answer:
Andreyy893 years ago
5 0

Answer:

Net Cash provided by Operating Activities  $20,900.00

Explanation:

Cash Flows from Operating Activities  

Net Income        $16,000.00

Adjustments to reconcile Net Income:

+ Depreciation expenses.

$6,000.00

- Increase in Accounts receivables.

($6,000.00)

+Decrease in Inventory

$4,000.00

+Increase in Salaries Payable.

$900.00

Net Cash provided by Operating Activities   $20,900.00

You might be interested in
Sale of short-term stock investments $ 3,000
Igoryamba

Answer: $400

Explanation:

Cashflows from Investing Activities refer to those that have to do with the purchase or sale of fixed assets as well as other company securities.

Cashflows from investing activities here are:

= Sale of short term stock investments - Purchase of used equipment

= 3,000 - 2,600

= $400

4 0
3 years ago
Stocks have market prices, and they also have intrinsic values. If the market price is below the intrinsic value as estimated by
oee [108]

Answer:

True

Explanation:

If the price of a stock drops suddenly, there is more supply than demand. People want out - and they usually want out for a reason.

5 0
3 years ago
Which of the following statements about packaging is the most accurate?
Alik [6]

The answer is: B. For most products, packaging performs only one basic function, to protect the goods inside during shipping, handling and storage. However, this is a critical function, so packaging Must be given a high priority.

I hope this helped. If so, please mark brainliest!

7 0
3 years ago
Fischer Company has outstanding 8,000 shares of $100 par value, 5% preferred stock, and 50,000 shares of $1 par value common sto
nikklg [1K]

Answer:

The appropriate solution is "$130,000".

Explanation:

The given values are:

No. of common shares outstanding

= 50,000

Dividend per share

= $1.80

No. of preferred shares outstanding

= 8,000

Dividend per share

= $5

Now,

The total dividend on common shares will be:

=  No. \ of \ common \ shared \ outstanding\times Dividend \ per \ share

On substituting the values, we get

=  50,000\times  1.80

=  90,000 ($)

The total dividend on preferred stock will be:

=  No. \  of \ preferred \ shares \ outstanding\times Divided \ per \ share

On substituting the values, we get

=  8,000\times 5

=  40,000 ($)

Hence,

The total dividend paid by company will be:

=  Total \ dividend \ on \ common \ shares +Total \ dividend  \ on \  preferred \ stock

=  90,000+40,000

=  130,000 ($)

Thus the above is the correct answer.

4 0
3 years ago
Egypt, whose economy has been struggling since 2011, recently received a $12 billion loan from what 189-member global organizati
Strike441 [17]
It is the IMF or <span>The </span>International Monetary Fund<span> approved a $12 billion loan for </span>Egypt<span> on Friday, in a move intended to stave off economic collapse in the Arab world’s most populous nation as it grapples with a plunging currency, soaring inflation and shortages of staple foods</span>
6 0
3 years ago
Other questions:
  • The most basic concept in economics is
    7·1 answer
  • A ________ rate means the value of the currency is fixed relative to a reference currency and then the exchange rate between tha
    12·2 answers
  • B2B co. is considering the purchase of equipment that would allow the company to add a new product to its line. The equipment is
    12·1 answer
  • For the purpose of process analysis, which of the following measures would be considered an appropriate flow unit for analyzing
    10·1 answer
  • Candy Cane Corporation (CCC) produces 100,000 boxes of candy bars per year which sell for $3 a box. If variable costs are $2 per
    15·1 answer
  • A ticket broker purchases two tickets to an upcoming concert for $30 each, although the original ticket holder would have been w
    12·1 answer
  • Suppose that increases in the money supply lead to a rise in stock prices. Should you go out and buy​ stocks? A. You should buy
    14·1 answer
  • ​KFC's "Buckets for the​ Cure" program, which donated​ $0.50 for every​ $5 "pink" bucket of fried chicken purchased over a​ one-
    13·1 answer
  • What is true about preferred stocks?
    15·2 answers
  • Assume that beer is an inferior good. If the price of beer​ falls, then the substitution effect results in the person buying​ __
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!