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
eduard
3 years ago
15

Consider the following financial data for a company that is preparing its cash flow statement: Amortization expense $ 150,000 Ca

sh dividends paid to common shareholders 75,000 Net income 1,500,000 Work-in-process inventory increase over the prior year 300,000 Gain on sale of equipment 50,000 Using the indirect method, cash flow from operating activities would be A. $1,300,000 B. $1,225,000 C. $1,375,000 D. $1,350,000
Business
1 answer:
Andrei [34K]3 years ago
7 0

Answer:

A. $1,300,000

Explanation:

The computation of the cash flow from operating activities is shown below:

Net income $1,500,000

Add: Amortization expense $ 150,000

Less: increase in inventory -$300,000

less: gain on  sale of equipment -$50,000

Net cash flow from operating activities $1,300,0000

You might be interested in
How can money in a savings account grow
Masteriza [31]
The bank puts interest in your account because they take sum of it to loan to ppl and it’s goes through a lot and comes back to your account and then sum
7 0
3 years ago
Silver Corporation incurred costs of $600,000 for managing the wholesale division during the year. The customer details of the c
elena-s [515]

Answer: $200,000

Explanation:

The cost will be allocated to customer Y, if a cause-effect relationship cannot be established with any cost driver will be calculated thus:

Total sales = $600,000 + $400,000 + $200,000 = $1,200,000

The percentage of Y on total sales will be:

= $400,000/$1,200,000 × 100

= 1/3 × 100

= 33.33%

Therefore, the cost that's allocated to Y will then be:

= $600,000 × 33.33%

= $600,000 × 0.3333

= $200,000

Therefore, the correct answer is $200,000

8 0
2 years ago
A first saving account pays 5% compounded annually. A second saving account pays 5% compounded continuously. Which of the two in
Marysya12 [62]
The account that’s compounded continuously is the better investment long-term because you accrue interest on top of interest on a daily basis which grows exponentially.
3 0
3 years ago
You need to write a check for $167.50 from your checking account, which has a balance of $1,725.25. What percent of
Alex

Answer:

You need to write a check for $167.50 from your checking account, which has a balance of $1,725.25. What percent of  your balance will remain?

The percent balance will remain 90%

Explanation:

$1725.25 - $167.50= $1557.75

percentage left= 1557.75/1725.25 X 100

percentage left= 90.291= 90.30%

6 0
3 years ago
Read 2 more answers
Antonio and Barbara are partners who share income in the ratio of 1:2 and have capital balances of $40,000 and $70,000 at the ti
NikAS [45]

Answer: c. $20,000

Explanation:

The Loss on Realization is monies accrued after assets have been sold off at less than their original value and in Calculating it, the following formula is used,

Loss on realization = Total Capital Balances after payment of liabilities minus - balance

Slotting in the figures therefore we have,

Loss on realization = $40,000 + $70,000 - $80,000

= $30,000 was the total loss on Realization

Seeing as Antonio and Barbara are partners who share income in the ratio of 1:2 we allocate to Barbara as follows,

Barbara = $30,000 * 2/(1+2)

= $20,000

Therefore option C is correct.

6 0
3 years ago
Other questions:
  • What does it mean that in a free market that buyers compete against other buyers for goods and services and that sellers compete
    15·1 answer
  • Describe the process of coding a questionnaire. Is precoding a questionnaire a good idea? Why or why not?
    5·1 answer
  • A truck costs​ $316,000 and is expected to be driven​ 116,000 miles during its​ five-year life. Residual value is expected to be
    11·2 answers
  • One thirds of the checking accounts at the community bank earns interest. If 2,500 accounts are of this type, how many total acc
    5·1 answer
  • Prescott Corporation issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term and pay interest semiann
    8·1 answer
  • What is product positioning​
    15·1 answer
  • Inés is ready to begin her career as a chemist. She worked hard to learn as much as she could about her profession.
    13·2 answers
  • The _____ is a law passed in 1914 that seeks to prevent practices that may cause injury to customers, that cannot be reasonably
    10·1 answer
  • Explain the most probable reason why the market price of these bonds has declined, even though Clear-Air‘s credit rating has imp
    11·1 answer
  • Reliability is how long an item or system will perform its function before it breaks. Good reliability will ____________________
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!