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
avanturin [10]
2 years ago
7

reported net income of $22,000 for the current year. During the year, Inventory decreased by $7,800, Accounts Payable decreased

by $8,400, Long-term Notes Payable increased by $40,000, Depreciation Expense was $10,800, gain on the sale of a piece of equipment was $500 and Accounts Receivable increased by $6,900. If the indirect method is used to calculating the operating section on the Statement of Cash Flows, what is the net cash provided (used) by operating activities
Business
1 answer:
Artist 52 [7]2 years ago
4 0

Answer:

$24,800

Explanation:

Indirect method reconciles the Net Income to Operating Cash flow by adjusting for non -cash items previously included in net income and changes in working capital.

Cash flow from Operating Activities

Net income                                                     $22,000

Add Depreciation Expense                            $10,800

Less gain on the sale of equipment was         ($500)

Decrease in Inventory                                      $7,800

Decrease in Accounts Payable                     ($8,400)

Increase in Accounts Receivable                 ($6,900)

net cash provided operating activities        $24,800                                                        

Therefore

The net cash provided (used) by operating activities is $24,800

You might be interested in
Selected data from the Florida Fruit Company are presented below: Total assets $1,500,000 Average total assets 1,850,000 Net inc
Mkey [24]

Answer:

13.5%

Explanation:

Relevant data provided for computing the profit margin which is here below:-

Net Income = $175,000

Net Sales = $1,300,000

The computation of profit margin is shown below:-

Profit Margin = (Net Income ÷ Net Sales) × 100

= ($175,000 ÷ $1,300,000) × 100

= 13.5%

Therefore for computing the profit margin we simply applied the above formula.

5 0
3 years ago
Edwin is the HR manager at a customer care unit with approximately 1,000 employees. He wants to statistically analyze the servic
Gre4nikov [31]

Full Question:

Edwin is the HR manager at a customer care unit with approximately 1,000 employees. He wants to statistically analyze the service data to make the recruitment process more effective by identifying desirable and undesirable qualities of employees. Edwin observes a high positive correlation between the employees' ability to adapt and the turnaround time. However, he decides to avoid using this criterion when recruiting employees. Which of the following, if true, would MOST strengthen this decision to avoid the criterion

A) The statistical significance of the correlation was found to be sixty percent.

B) Another trait, honesty, had a higher correlation coefficient than employees' ability to adapt.

C) The sample size used by Edwin was significantly larger than what was required.

D) Multiple regressions were observed among the variables used for the analysis.

Answer:

The correct answer here is A)

Explanation:

The key to decision making using statistical research is <em>Statistical Significance.  </em>This means that a statistically significant observation is probably true. In this case, the statistical significance of his findings is 60%.

Cheers!

7 0
3 years ago
The significance of the bill of lading in overseas shipments is to provide which of the following?
nignag [31]

Answer:

D. Evidence of title transfer of goods to customers.

Explanation:

The bill of lading is a legally binding document that provides the carrier and shipper with all of the necessary details to accurately process a shipment. It has three main functions. (1) it is a document of title to the goods described in the bill of lading. (2) it is a receipt for the shipped products. (3) the bill of lading represents the agreed terms and conditions for the transportation of the goods.

5 0
3 years ago
Ana offers Corey her vacuum cleaner for $300. Corey rejects the offer, so Ana promises to sell the vacuum cleaner to Abey. Howev
fenix001 [56]

Answer:

A

Explanation:

6 0
3 years ago
how much does a cardiologist surgeon who has done 6 years of residency earns in Australia(in US dollar)??​
babymother [125]

Answer:

Explanation:

The base pay rate is about 350,000 Aus dollars. This morning the Aus$ had an exchange rate of 1 Aus$ = 0.7001 US dollars, so that means the base rate is about 0.7 * 350000 = 245,000 US dollars. I don't know what the 6 years does to the equation.

5 0
3 years ago
Other questions:
  • Dear Mr. Trujillo: Subject: To all employees We’ve instituted a new process for requesting vacation time. Here’s how it will wor
    14·1 answer
  • A corporation in a 40% tax bracket invests in the preferred stock of another company and earns a 5% pretax rate of return. An in
    8·1 answer
  • In the past, how have you approached problems that you received with little or inadequate instruction/guidance?
    8·2 answers
  • Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are p
    9·1 answer
  • The Fed offers three types of discount window loans. ________ credit is offered to small institutions with demonstrable patterns
    5·1 answer
  • Mack's guitar fabrication shop produces low cost, highly durable guitars for beginners. Typically, out of the 100 guitars that b
    5·1 answer
  • The gross rent multiplier is used as a guideline for estimating value based on ___.
    15·1 answer
  • In this business structure a common view of a firm is as a hierarchy organized around a set of functions. Each group has a core
    12·1 answer
  • 22. Communication that takes place between a manager and employees of other workgroups is called ………… communication.
    12·1 answer
  • When the brazilian real changes from 1000 real per u. s. dollar to 1500 real per u. s. dollar, the real is?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!