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
vfiekz [6]
3 years ago
8

A company's income statement showed the following: net income, $122,000; depreciation expense, $34,000; and gain on sale of plan

t assets, $8,000. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $10,200; merchandise inventory increased $22,000; prepaid expenses increased $7,000; accounts payable increased $4,200. Calculate the net cash provided or used by operating activities.
Business
1 answer:
Airida [17]3 years ago
6 0

Answer:

cash generated from operating activities 133,400

Explanation:

net income                     122,000

non-monetary adjustment

depreciation expense     34,000

gain on sale                      (8,000)

adjusted income             148,000

↑↓

Changes in working capital

↓10,200 on AR                   10,200

↑22,000 on Inventory     (22,000)

↑7,000 prepaid expenses (7,000)

↑4,200 account payable    4,200

total change in WP         (14,600)

cash generated from operating activities 133,400

You might be interested in
An exchange economy has two consumers, named Jimmy and Sue, and two commodities, apples and bananas. Jimmy’s initial endowment i
Aleks04 [339]

Answer:

(a) BJ = AJ

In equilibrium, apples and bananas have the same price.

Jimmy’s consumption bundle must be 3 apples and 3 bananas

i just did this

Explanation:

mrk me brainliest pleasee

8 0
3 years ago
QUESTION 02<br> What is the meaning of the following words:<br> 2.1.1 Shackled.(1)
bekas [8.4K]

Answer:

chained to : restrained

Explanation:

8 0
2 years ago
For what reason do you think fitzgerald interrupted gatsby’s story for the visit from the horseback riders? why doesn’t gatsby u
WARRIOR [948]
Fitzgerald wanted his novel to be mysterious. He need not give out all the information because he wanted the readers to be suspenseful regarding the story. Gatsby doesn't understand how he isn't welcome because he's too naive for thinking he is important.
5 0
2 years ago
A month ago, you bought a one-year bond with a value of $100 that pays a fixed interest rate of 5 percent per year. The interest
My name is Ann [436]

Answer:

less desirable to other investors

Explanation:

<u>Given</u>: Current fixed coupon rate 5%

           Market rate of interest 5%

           New Market Rate of Interest 6%

Value of a bond is inversely related to economy interest rate or the yield to maturity (YTM). Value of a bond is expressed by the following equation:

B_{0}\ = \frac{C}{(1\ +\ YTM)^{1} }  \ +\ \frac{C}{(1\ +\ YTM)^{2} } \ +....+\ \frac{C}{(1\ +\ YTM)^{n} }\ +\ \frac{RV}{(1\ +\ YTM)^{n} }

wherein, C = Coupon rate of interest

         YTM = Market Rate of Interest or interest rate in the economy or investor's expectation

                n= Years to maturity

             RV = Redemption value

In the given case, C = YTM i.e par value bond. When ytm rises to 6%, the value of the bond shall fall making such a bond less attractive since it represents lower coupon payments than investor expectations.

Thus, now the bond would be less desirable to other investors.

3 0
3 years ago
On August 1, 2021, Trico Technologies, an aeronautic electronics company, borrows $20.6 million cash to expand operations. The l
NNADVOKAT [17]

Answer:

1.

Aug 1st,2021;  Entry to record note issuance is as followed:

Dr Note Receivable   $20,600,000

Cr Cash                      $20,600,000

(to record the issuance of note to Trico Technologies)

2.

Dec 31st,2021; Entry to record interest income from note receivable:

Dr Interest revenue receivable      $515,000

Cr Accrued Interest Income          $515,000

(to record accrued interest income of 5 months; calculated as 20,600,000 x 6% x 5/12 = $515,000)

3. January 31st, 2022; Entry to record repayment of the note at maturity:

Dr Cash                                              $21,218,000

Cr Interest Income                           $103,000

Cr Note Receivable                         $20,600,000

Cr Interest Income receivable        $515,000

( to record the repayment of the principal and interest income, in which 5 months of interest income had already been recorded in 2021, the other 1 month of interest income $103,000 (20.6 million x 6%/12) is recorded at the end of January which is also maturity time.

Explanation:

8 0
2 years ago
Other questions:
  • Which of the following is an example of groupthink? A. Everyone on the team agrees with whatever you have to say with very limit
    5·2 answers
  • An MNC uses which international strategy for entering a foreign market by purchasing another company already operating in the ar
    14·1 answer
  • What is the name for a segment of a consumer market that has specialized product needs?
    12·1 answer
  • Decide which business structure makes the
    8·1 answer
  • Speculative investments are high-risk investments with the possibility of high returns in a short period of time.
    15·2 answers
  • What groups generally is charged with creating value through the process of organizing, coordinating, and leveraging employees a
    8·1 answer
  • During the fiscal year ended June 30, 20X9, the city of Moorhead constructed a new courthouse that was budgeted to cost $5,000,0
    14·1 answer
  • Dave's firm had grown steadily and the products and systems had become more and more complicated. He had been a star representat
    9·1 answer
  • Oregon Forest Products will acquire new equipment that falls under the five-year MACRS category. The cost is $500,000. If the eq
    14·2 answers
  • Kyla goes to a car dealership to purchase a new Honda Accord. She is not willing to pay the listed sticker price for the car, an
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!