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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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If there is a decrease in the price of the coffee beans used to make brewed coffee, how will this affect the equilibrium price a
zhuklara [117]

Answer:

equilibrium price would fall and equilibrium quantity would rise

Explanation:

A decrease in the input needed in the production of brewed coffee would make it cheaper to produced coffee. This would lead to an increase in the supply of coffee.

As a result there would be a rightward shift of the demand curve and equilibrium price would fall and equilibrium quantity would rise

5 0
3 years ago
"A municipality has a tax rate of 18 mills. A piece of real property in the municipality is assessed at $180,000 and has a fair
White raven [17]

Answer:

$3,240

Explanation:

Calculation for the annual tax liability on the property

Using this formula

Annual tax liability= (Tax rate× Real property )

Where= Tax rate =18 million

Real property=180,000

Let plug in the formula

Annual tax liability=( .018x180000)

Annual tax liability=$3,240

Therefore the annual tax liability on the property is $3,240

5 0
3 years ago
identify and describe two scams that a consumer must be aware of or prevent becoming a victim of such a scam
gladu [14]
Census-Related Fraud.
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Charity Scams.
Pyramid Schemes.
Ponzi Schemes.
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4 0
3 years ago
As a long-term investment at the beginning of the 2021 fiscal year, Florists International purchased 30% of Nursery Supplies Inc
kompoz [17]

Answer:

See the explanation below

Explanation:

Share of net income = 30% × $40 million = $12 million

Dividend received = 20 million × $1 = $20 million

The journal are as follows:

<u>Details                                                     Dr ($'million)          Cr ($'million)    </u>

Investment in Nursery Supplies Inc.            63

Cash                                                                                                   63

<u><em>Being the cash payment for investment in Nursery Supplies Inc.              </em></u>

Investment in Nursery Supplies Inc.            12

Investment income                                                                            12

<em><u>Being the a share of net income of Nursery Supplies Inc.                             </u></em>

Cash                                                              20

Investment in Nursery Supplies Inc.                                                 20

<u><em>Being dividend received from Investment in Nursery Supplies Inc.            </em></u>

5 0
3 years ago
Which type of custom report shows a static sortable table with rows of data?
VARVARA [1.3K]
<span>A FLAT TABLE is a static sortable table which displays its data in rows in a custom report.

A flat table is a kind of custom reporting tool, used in Google analytics which are built by using Dimensions and Metrics.

The only issue from using a Flat table is that the data can be viewed only in 2 dimensions.
</span>
7 0
3 years ago
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