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timurjin [86]
3 years ago
15

Bagrov Corporation had a net decrease in cash of $14,500 for the current year. Net cash used in investing activities was $56,500

and net cash used in financing activities was $42,500. What amount of cash was provided (used) in operating activities?
a. $(14,500) used.
b. $(84,500) used.
c. $84,500 provided.
d. $113,500 provided.
e. $(113,500) used.
Business
1 answer:
irinina [24]3 years ago
6 0

Answer:

c. $84,500 provided

Explanation:

Net decrease in cash = $14,500

Net cash used in investing activities = $56,500

Net cash used in financing activities = $42,500

Amount of cash was provided (used) in operating activities

= - $14,500 + $56,500 + $42,500

= $84,500

This is positive,hence provided. Th right answer is c. $84,500 provided

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Kramer Corporation recently announced that its net income (EAT) was lower than last year. However, analysts estimate that the co
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Answer:

When you are preparing the cash flow statement, some adjustments are made that actually increase the cash flow even if the net income has decreased, for e.g.:

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8 0
3 years ago
During its first year of operations, a company granted its employees vacation privileges and pension rights estimated at a cost
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Answer:

$38,198

Explanation:

Recognization principle state that the total amount paid in the first year will be the sum of the amounts given as a whole which will inturn be considered as paid for the employees.

Therefore for the first year, the vacation pay and the pension right will be :

$23,125 +$15,073

=$38,198

Therefore the total cost of vacation pay and pension rights to be recognized in the first year will be $38,198

4 0
3 years ago
Secret Trails received payment in full within the credit period for horse boarding for $1,300 plus 4% sales tax. Terms of the sa
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The appropriate journal entry is:Debit Cash $1313; debit Sales Discount $39; credit Accounts Receivable $1352.

<h3>Journal entry</h3>

Based on the information given the correct entry to record this transaction is:

Debit Cash $1313

{$1300+[($1300×4%)-($1300×3%)]}

[$1300+($52-$39)]

Debit Sales Discount $39

($1300×3%)

Credit Accounts Receivable $1352

[$1300 + ($1300×4%)]

Inconclusion the appropriate journal entry is:Debit Cash $1313; debit Sales Discount $39; credit Accounts Receivable $1352.

Learn more about journal entry here:brainly.com/question/9701045

7 0
2 years ago
. Two options are under consideration for a machine that makes hard candy. Machine A has fixed cost of 8,901 and a variable cost
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Answer:

At 18,600 pounds, cost of both the machines would be equal

Explanation:

At Indifference point of production amount (pounds), the total cost of each machine will be equal .

Indifference Point is calculated as: Change in Fixed Costs/Change in Variable Costs

Indifference Point = (8901 - 7599) / (0.52 - 0.45)

= 1302 / 0.07

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At 18,600 pounds, cost of both the machines would be equal

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