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Roman55 [17]
3 years ago
10

In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information i

s available:
Net income for the year was $58,000
Accounts payable increased by $18,600
Accounts receivable decreased by $25,600
Inventories increased by $6,200
Depreciation expense was $31,800
Net cash provided by operating activities was:_________.
Business
1 answer:
Verdich [7]3 years ago
6 0

Answer:

Net cash provided by operating activities was $127,800.

Explanation:

Net cash provided by operating activities can be calculated as follows:

Net cash provided by operating activities = Net income for the year + Increase in accounts payable + Decrease in accounts receivable - Increase in inventories increased + Depreciation expense = $58,000 + $18,600 + $25,600 - $6,200 + $31,800 = $127,800

Therefore, net cash provided by operating activities was $127,800.

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Adrian contributed an antique vase she had owned for 25 years to a museum. At the time of the donation, the vase had a value of
qaws [65]

Answer:

How much may Adrian deduct?

This depends on whether the museum is private or not. If the museum belongs to a public charity or a university, then Adrian can deduct full fair market value = $35,000. Since Adrian's AGI is $80,000, she could donate up to $40,000 (half her AGI).

But if the museum is a private organization, then Adrian can deduct only her basis in the vase = $15,000

How would your answer to Part a change if, instead of displaying the vase, the museum sold the vase to an antique dealer?

Once you donate artwork, unless you strict prohibit the museum from selling it, then they can sell it and you cannot do anything about it. Some donors specific certain terms for their donations, e.g. artwork cannot be sold and it must be exhibited at least a certain amount of time, in certain places, etc. But if Adrian didn't include any clause on her donation, then whatever happens to the vase is up to the museum.

Currently, museums are less likely to accept restricted donations, unless of course the artwork is worth it.

3 0
4 years ago
Boeing produces commercial airliners. Assume that if Boeing produces 10 planes a year, its total costs are $500 million and that
Andru [333]

Answer:

The marginal cost of the 11th plane is <u>$60 million</u>.

Explanation:

Marginal cost refers to the cost of producing one more unit of output.

In this case, every unit of output is an airplane. It costs Boeing $500 million to produce 10 airplanes, and $560 million to produce 11 airplanes. SO the marginal cost of the eleventh airplane = cost of producing 11 airplanes - cost of producing 10 airplanes = $560 million - $500 million = $60 million

4 0
3 years ago
Panmar Inc. is preparing a statement of stockholders' equity for 2014. On January 1, 2014, Panmar started the year with a $200,0
OLEGan [10]
Can you dm me for the answer I’m not home rn I’m trying to help out a lot of people
7 0
4 years ago
Farms used to grow crops mainly for local consumption during the colonial era were called?
posledela

Farms used to grow crops mainly for local consumption during the colonial era were called 'haciendas'.

Haciendas are rural, agricultural homesteads found in all Spanish-speaking nations with colonial histories. They were first established in South America during the Era of Discovery when Spain laboriously conquered the New World. Originally, estates were active in mining, raising cattle, and/or farming, and their affluent Spanish owners hired native laborers to manage their lands.

Although the laborers at haciendas were not considered slaves, their employment would undoubtedly be referred to as "forced labor" in modern parlance.  Though they were technically free to come and go, their lives were not all that different from slaves' in many ways. Haciendas contributed to the principal exports of Latin America up to the 20th century, including coffee, sugar, beef, leather, various vegetables, and cereals.

To learn more about Colonial-era

brainly.com/question/21239703

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8 0
2 years ago
What was a factor in Pilgrim's success in their new colony?
MrMuchimi

Answer:

D) Anagreement with the local Native Americans is the correct option.

Explanation:

The Plymouth colonists acted on the behalf of the King James First allied with the chief of Wampanoags. By the treaty, both parties agreed not to hurt one another. It was the first treaty signed between the native Americans and the colonists. As per the treaty, if any Wampanoag violated the treaty, he would be sent to Plymouth as punishment. and if a colonist broke the punishment he would be sent to the Wampanoags. The treaty was signed in 1621 and lasted for 50 years.

4 0
3 years ago
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