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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

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_____ has the ability to introduce methods in which government can use to assist in ensuring equity.
dezoksy [38]
Answer: Social Welfare

Hope this helped!
3 0
3 years ago
Read the excerpt from It's Our World, Too!: Young People Who Are Making a Difference.
UNO [17]

Hello. You forgot to show the answer options. The options are:

Andy has lost his faith in the system after talking to the principal and he has decided to act on his own.

Andy has become very angry about the racist fans and he will put an end to their comments no matter what.

Andy is intent on making a change for the better and putting an end to the racist comments coming from the racist fans.

Andy feels bad for the protesting players, but he does not want to get too involved in other people’s problems.

Answer:

Andy is intent on making a change for the better and putting an end to the racist comments coming from the racist fans.

Explanation:

Racism is the conflict that is bothering Andy, affecting him to the point of looking for a way to diminish racist comments and even prevent them from happening. In summary, we can say that the conflict causes Andy to look for changes in his schools, suppressing racism and promoting a more comfortable and fair environment for all students.

7 0
3 years ago
Read 2 more answers
One problem with the consumer price index stems from the fact that, over time, consumers tend to buy larger quantities of goods
Tcecarenko [31]

Answer:

Letter c is correct. <u>Substituition bias.</u>

Explanation:

Substitution bias is characterized as a problem regarding the price index of a particular good, as consumer behavior can be changed relative to the price of a particular good by changing its consumption from a more expensive product to a cheaper substitute product.

The concept of the substitution bias problem relates to consumer choice theory, which is a macroeconomic theory that describes consumer purchasing decisions and how changes in the environment influence their decisions.

6 0
3 years ago
GDP has grown in a country at 3% per year for the last 20 years. The labor force has grown at 2% per year and the quantity of ph
professor190 [17]

Answer:

0.6 or 60%

Explanation:

The country's productivity has grown at = 3% - 2% = 1%

Physical capital per worker has grown at = 4% - 2% = 2%

How much has growing physical capital per worker contributed to productivity growth in this country?

productivity increase per 1% of increase in physical capital per worker x growth rate of physical capital per worker = 0.3 x 2% = 0.6%

0.6% / country productivity growth = 0.6% / 1% = 0.6 or 60%

4 0
4 years ago
22. Find the effective rate of interest to the nearest hundredth percent if $60.94 is earned in one year on a deposit of
Delvig [45]

Answer:

6.25%

Explanation:

Interest is calculate using the formula

I= P x R x T

in this case

I= interest,  p= $975, r=?? ,t = 1

Therefore:

60.94 = 975 x r x 1

60.94 =975 r/100... we multiply both side by 100 to get rid of the fraction.

6094=975r

r=6094/ 975

r=6.2502

interest rate = 6.25%

4 0
3 years ago
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