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Irina-Kira [14]
3 years ago
11

The net income reported on the income statement for the current year was $240,000. Depreciation was $50,000. Accounts receivable

decreased by $10,000 and inventories decreased by $30,000. Prepaid expenses increased by $1,000 and accounts payable increased by $8,000. How much cash was provided by operating activities? Select one: a. $337,000. b. $329,000. c. $301,000. d. $321,000.
Business
1 answer:
Ilya [14]3 years ago
3 0

Answer:

a. $337,000

Explanation:

Calculation to determine How much cash was provided by operating activities

Using this formula

Cash provided by Operating activities=Net income+Depreciation+Account receivable+Inventories decreased -Prepaid expenses+Accounts payable increased

Let plug in the formula

Cash provided by Operating activities=$240,000 + $50,000 + $10,000 + $30,000 - $1,000 + $8,000

Cash provided by Operating activities=$337,000

Therefore the cash provided by operating activities was $337,000

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Rate of return = $1,000 ÷ $2,500 = 0.40, or 40%.

Therefor, the rate of return would be 40%.

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3 years ago
The percentage which is the sum of the discount rate, the effective tax rate and the recapture rate representing the relationshi
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Capitalization rate

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Capitalization rate is a rate mostly used in real estate valuation that is used as a standard to compare a variety of real estate investments. It is calculated in percentage and in terms of the ratio of the net operating income provided or produced by an asset to the original cost or market value of the of the asset.

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3 years ago
In a finance lease:
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Answer:

A) the lessee records an asset and a liability for the present value of lease payments.

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A recent social media promotion gathered headlines for humanizing what landmark building in new york city?.
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A recent social media promotion gathered headlines for humanizing a landmark building in new York city made in C NN news.

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This is known to be a thing such as  building, a large tree, or a statue. It is one that can easily be seen and that can help a person find the way to a place near it.

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2 years ago
You are thinking about a project to expand your business. In order to start the project, you have to invest $200,000 in new equi
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