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
m_a_m_a [10]
3 years ago
15

Portions of the financial statements for Myriad Products are provided below. MYRIAD PRODUCTS COMPANY Income Statement For the Ye

ar Ended December 31, 2021 ($ in millions) Sales $620 Cost of goods sold 217 Gross margin 403 Salaries expense$85 Depreciation expense 72 Amortization expense 5 Interest expense 12 Loss on sale of land 3 177 Income before taxes 226 Income tax expense 113 Net Income $113 MYRIAD PRODUCTS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2021 and 2020 ($ in millions) Year 20212020Change Cash$108 $104 $4 Accounts receivable 224 238 (14) Inventory 442 454 (12) Accounts payable 150 142 8 Salaries payable 82 90 (8) Interest payable 31 24 7 Income tax payable 21 14 7 Required: Prepare the cash flows from the operating activities section of the statement of cash flows for Myriad Products Company using the indirect method
Business
1 answer:
Tamiku [17]3 years ago
6 0

Answer:

$233 million

Explanation:

                      Statement of cash flow

              Cash flow from operating activity

Particulars                                                 Amount ($ in millions)

Net income                                                 113

<em>Adjustment in net income</em>

Depreciation                                   72  

Amortization                                    5

Loss on sale of land                        3

Decrease account receivable       14  

Decrease inventory                       12

Increase account payable             8

Decrease salary payable              (8)

Increase interest payable              7

Increase income tax payable        7           <u>120</u>

Net cash flow from operating activity     <u>233</u>

You might be interested in
You believe that the Non-Stick Gum Factory will pay a dividend of $2 on its common stock next year. Thereafter, you expect divid
Ivan

Answer:

$28.57

Explanation:

Dividend growth model can only be used in a situation where the firm pays a dividend which can tend to grow at constant rates reason been that the stock has been influenced by the growth rates which is involved in the dividends which means the firm can increase the dividends.

Therefore the Dividend that is to be paid next year will be:

$2Growth rates

5 %Rates of return

12% Return on Investment

Formular for the calculation of current price of the stock = D1/(r-g)

Where:

D1=2%

r=12%

g=6%

Hence:

2/ (0.12-0.05)= $ 33.33

=2/0.07

=$28.57

Therefore the amount I should be prepared to pay for the stock today will be $28.57

4 0
3 years ago
What property describes the number sentence 6+0=6
Vika [28.1K]
Six pluse zero equal six
6 0
3 years ago
Structural unemployment is caused by: Group of answer choices people losing a job when their skills become obsolete due to techn
Tanzania [10]

Structural unemployment is caused by <u>people losing a job when their skills become obsolete due to technological innovations.</u>

  • People who wish to work but are unable to obtain job are said to be experiencing structural unemployment. The abilities of the workers and the talents that businesses required do not match in structural unemployment.
  • Because the abilities of the workforce won't change despite advances in technology, if technological breakthroughs improve, there will be structural unemployment.
  • As a result of their inability to keep up with modern technology, they are losing their jobs.
<h2>What is Structural unemployment?</h2>

A mismatch between the skills of the jobless and the jobs that are available is referred to as structural unemployment. It differs from cyclical unemployment in that it results from factors other than the business cycle. 1 It happens when an underlying economic shift makes it challenging for some people to find work. It is more difficult to reverse than other forms of unemployment.

Learn more about types of structural unemployment at brainly.com/question/17272067?referrer=searchResults

#SPJ4

3 0
2 years ago
_____ are any aspects of a good or service that a customer must believe in but cannot personally evaluate even after purchase an
34kurt

Answer:

Credence Attributes

Explanation:

A credence good or service is a type of good/service with qualities that cannot be observed by the consumer after purchase, making it difficult to assess its level of satisfaction.  Examples include expert services such as Tax advisory services, medical procedures, automobile repairs, and dietary supplements.

Because the quality of these products or service are unobservant through search or experience some providers tend to charge consumers at a premium for their provision.

3 0
3 years ago
In a few sentences, explain what it means to be<br> financially responsible.
Elina [12.6K]
Financially responsible means to be prepared for something unexpectedly like u didn’t know was coming up or was gonna happen and it mean you need be able to support yourself with any source of income.
8 0
3 years ago
Other questions:
  • What is federal income tax?
    15·2 answers
  • Galvin has deposited $879 in a savings account that earns interest at a rate of 1.8% compounded quarterly.what will the account
    12·1 answer
  • 5. What has made California a particularly good place for entrepreneurs
    5·1 answer
  • Sally promotes her sunscreen product by claiming that with just one
    12·1 answer
  • Which of the following approaches can help you mitigate the challenges of poor forecasts? a. Obtain and use the best, most recen
    8·1 answer
  • Alex Meir recently won a lottery and has the option of receiving one of the following three prizes: (1) $62,000 cash immediately
    8·1 answer
  • WHICH OF THE FOLLOWING WILL CAUSE NO CHANGE IN PRODUCER SURPLUS? A) IMPOSITION OF A NON BINDING PRICE CEILING IN THE MARKET. B)
    8·1 answer
  • Suppose that an economy's labor productivity fell by 3 percent and its total worker-hours remained constant between year 1 and y
    5·1 answer
  • Human resources is about trying to
    12·1 answer
  • Physician, veterinarian, and medical laboratory careers are all in the _____ Career Cluster. Government and Public Administratio
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!