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
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

You might be interested in
Which of the following elements of the marketing communications mix refers to any paid form of nonpersonal presentation and prom
Lesechka [4]

Answer:

A. Advertising.

Explanation:

Advertising is an elements of the marketing communications mix refers to any paid form of nonpersonal presentation and promotion of ideas, goods, or services by an identified sponsor via print, broadcast, network, electronic, and display media.

In other words, it is a means of promoting products or services of the sponsors.

Advertising is also a means of increasing the sales or consumption of goods and services by the sponsors through the product image, otherwise termed as "brand" with specific characteristics in the minds of the consumers.

Advertising can be done through the following means:

1. Newspaper

2. Radio

3. Television

4. Outdoor and Transit

5. Direct mails

6. Online.

7. Magazine

7 0
3 years ago
The _____ is a production period long enough for the firm to adjust the
EastWind [94]

Answer:

long run, productive resources

4 0
3 years ago
Candace notices that Bow Wow has developed a reputation as the best place to bring "problem dogs" for day care. Because of the c
Blababa [14]

Answer:

1. Continue to serve every dog that is brought to Bow Wow as well as possible, since customer service is a high priority and 2. Identify this as a threat and adopt a more rigorous screening process before accepting dogs, as well as charge more for dogs who have had a behavioral incident during a previous stay.

Explanation:

Bow Wow has as its best quality in the market the ability to treat well challenging dogs. This is what makes Bow Wow different. Focusing on not losing that characteristic, it would be paramount to maintain the ability to serve every dog as best as possible. Even the challenging ones. However, it is not wise from a business point of view to charge the same from dogs that have very different degrees of attention needs. Hence, it would be proper to charge more from the owners who have more difficult dogs. As Bow Wow will not lose its reputation, those owners will see that its worth the extra cost at the same that its not possible to bring to another daycare.  

5 0
3 years ago
2.5 - Quiz: Recording Business Transactions Quiz
Sati [7]
The answer is capital
6 0
3 years ago
There are three main reasons why monetary policy doesn’t always work. Match each reason with its explanation.
evablogger [386]

Answer:

3. People don’t act as the Fed hopes.

a. The Fed can create conditions meant to encourage people to, for example, borrow more money. But if people are fearful of going into debt when their employment situation is uncertain, they may not respond to the Fed’s incentives.

  • people make heir personal decisions based on what they expect to happen in heir future

1. The long run is different from the short run.

b. Although an expanded money supply can briefly stimulate economic growth, eventually the economy will return to the same level of productivity, just at higher prices for goods and wages.

  • equilibrium is the key word regarding the long run

2. People adjust their expectations.

c. Fed actions are most effective when they come as a surprise. When people have figured out in advance what the Fed is going to do, the Fed’s actions don’t have as much impact.

  • People's expectations can result in the failure of economic policies. For example, if households expect higher inflation, they might take loans or accelerate their purchases.

8 0
3 years ago
Other questions:
  • Donald sells stock with an adjusted basis of $38,000 to his son, Kiefer, for its fair market value of $30,000. Kiefer sells the
    6·1 answer
  • In 2002, Australia's highest court ruled on a defamation case in which an Australian citizen claimed to have been defamed by a D
    14·1 answer
  • Which of the following would most likely be included as part of manufacturing overhead in the production of a wooden table?A) th
    8·1 answer
  • Grossman lumber reported $102,000 net cash provided by its operating activities. if the company invests $4,000 in capital expend
    15·1 answer
  • A labor contract provides for a first-year wage of $15 per hour, and specifies that the real wage will rise by 2 percent in the
    10·1 answer
  • Mediocre economists often consider only the immediate apparent effects of a change, whereas a good economist will also consider
    10·1 answer
  • SWOT analysis is a framework for analyzing the internal and external environment of a company. It consists of strengths, weaknes
    15·1 answer
  • Margin of Safety The Ira Company has sales of $800,000, and the break-even point in sales dollars is $664,000. Determine the Ira
    13·1 answer
  • "Suppose the government guarantees the price of carbon. At this price, the payoff after 1 year is $120,190 for sure. What is the
    6·1 answer
  • Tom is the quality control manager for the company XYZ. XYZ recently received some complaints about its product D's quality and
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!