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vfiekz [6]
4 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]4 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

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A monopolist maximizes profits by:
klemol [59]

Answer:

c) by setting MR(q)=MC(q) at a q for which p(q) is at least AVC(q)

Explanation:

Profit is maximised at MR= MC and price is greater than MC for monopoly.

6 0
3 years ago
Suppose the government decides that every family should own its own home. To bring this about, the government decides to subsidi
stira [4]

Answer:

d. the supply curve of new houses would shift rightward, since builders would be willing to produce and sell more houses at each given price.

Place more oil on the market this year, shifting the curve rightward.

Explanation:

1. In the given scenario the government is willing to give home-construction companies $10,000 for every house that they build.

This will result in more willingness on the part of the construction companies to build more houses.

More houses built means more income coming in from the government.

Therefore the supply curve of home building will shift to the right.

2. When oil producers expect prices of oil to increase in the next year, there is a need to control oil prices by increasing availability of oil in the market.

Increase in price results from a scarcity of oil. So to mitigate this excess oil is supplied to control price increase.

This action will shift the curve rightward.

6 0
3 years ago
In 2013, Salvage Yard Inc. had cash flows from investing activities of ($250,000) and cash flows from financing activities of ($
PIT_PIT [208]

Answer:

$415,000

Explanation:

Following is the formula for cash flow:

<em>Ending Cash Balance = CFO + CFI + CFF + Beginning Cash Balance</em>

<em>CFO = Cash flow from operating activities</em>

<em>CFI = Cash flow from investing activities</em>

<em>CFF = Cash flow from financing activities</em>

We can easily rearrange the formula to find CFO

<em>Ending Cash Balance - CFI - CFF - Beginning Cash Balance = CFO </em>

<em>or </em>

<em>CFO = Ending Cash Balance - CFI - CFF - Beginning Cash Balance</em>

<u>Solution</u>

CFO=105000-(-250000)-(-150000)-90000

<em>CFO = $415,000</em>

7 0
3 years ago
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The concept which refers to the idea that individuals rise to their lowest level of incompetence is the?
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The definition of incompetent is a person or something that is unqualified, inadequate, or inadequate for a particular purpose. An example of incompetence is someone who is behind the wheel of a manual transmission car and does not know how to operate a stick shift. Lack of qualities necessary for effective action or action.

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7 0
2 years ago
Louise purchased a disability policy when her salary was $4,000 a month. Later, she lost that job and her salary was reduced to
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Answer:

$3,500

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