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Studentka2010 [4]
3 years ago
8

Accounts Receivable from sales to customers amounted to $80,000 and $70,000 at the beginning and end the year, respectively. Inc

ome reported on the income statement for 2022 was $252,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is
Business
1 answer:
Kipish [7]3 years ago
5 0

Answer:

$332,000

Explanation:

<u>Cash flow from operating activities</u>

Net Income                                                                                  $252,000

Adjust for changes in working capital items :

Decrease in Accounts Receivable ($80,000 - $70,000            $80,000

Net Cash Provided by Operating Activities                              $332,000

Conclusion

the cash flows from operating activities to be reported on the statement of cash flows is $332,000

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Urban Bloom, Inc.'s books show an ending cash balance of $18,000 before preparing the bank reconciliation. Given the bank reconc
ki77a [65]

Answer:

$17,910

Explanation:

With regards to the above, we would calculate the company's up to date ending cash balance as;

Up to date ending cash balance = Ending cash balance per books + Interest received from bank - NSF check

Up to date ending cash balance = $18,000 + $170 - $260

Up to date ending cash balance = $17,910

*Please note that outstanding checks and deposits in transit are used mainly to reconcile bank statements and not cash or book balance.

3 0
3 years ago
Imagine the federal government has a national debt of $10.2 trillion. Congress's budget for the coming year includes a spending
ololo11 [35]

Answer:

(D) reduce open-market operations

Explanation:

Acording to my research, the best policy that Congress can adopt in order to avoid increasing the national debt would be to reduce open-market operations. This the central banks sell government securities so the system is left with less liquidity which lowers demand as well as lowering economy prices.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
3 years ago
Identify the definition for each term from the following list. 1. Payoff-matrix format. 2. Game-tree format. 3. A junction on a
VladimirAG [237]

Answer:

1. Payoff matrix : Strategic form

2. Game tree format : Extensive form

3. A junction on a game tree : Decision nodes

4. One of the final outcomes of a game tree : Terminal nodes

5. Divides the overall game tree into nested subgames before working backward from right to left : Backward induction

6. A mini-game within the overall game : Subgame

7. The process of backward induction that relies on both firms having perfect information about the decisions made in each subgame : Nash equilibrium.

Explanation:

Payoff matrix is the technique for decision making where goals are dependent on interaction with others. Nash equilibrium is a strategy in which every firm tries to choose best possible outcome keeping in view the decisions of other firms.

7 0
3 years ago
Lucy has decided to save for a vacation in 18 months. She will save the money into a short-term investment account returning 4%
LenKa [72]

Answer:

Monthly deposit= $810.20

Explanation:

Giving the following information:

Number of periods (n)= 18 months

Interest rate (i)= 0.04/12= 0.0033

Future value (FV)= $15,000

<u>To calculate the monthly deposit, we need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (15,000*0.0033) / [(1.0033^18) - 1]

A= $810.20

7 0
3 years ago
If it costs 75,000 to pit on an event and total revenue is 135,000, how much profit did the concert bring in?
arlik [135]

60,000 fjenfefjofknfogvvfrvrvfv

4 0
3 years ago
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