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OLga [1]
2 years ago
7

Accounts receivable arising from sales to customers amounted to $80,000 and $70,000 at the beginning and end of the year, respec

tively. Income reported on the Income Statement for the year was $240,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the Statement of Cash Flows is
Business
1 answer:
Oksana_A [137]2 years ago
6 0

Answer:

$250,000

Explanation:

Calculation for the cash flows from operating activities to be reported on the Statement of Cash Flows

Using this formula

Cash flows=Income Statement+(Accounts receivable arising from sales)

Let plug in the formula

Cash flows=$240,000 +($80,000-$70,000)

Cash flows=$240,000 +$10,000

Cash flows=$250,000

Therefore the cash flows from operating activities to be reported on the Statement of Cash Flows is $250,000

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Uma and edward are assigned to partner on a project, but they have never worked together before. uma texts edward, "are you avai
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3 years ago
Henry has been newly appointed as the head of the HR team at AAS Technologies. In an attempt to establish a more efficient and r
Scilla [17]

Answer:

Explained below

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3 0
2 years ago
Standard Bank gives John a substantial loan to purchase a new home. This credit transaction is governed by the Truth in Lending
netineya [11]

Answer: finance charge

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3 years ago
Welch Corporation is planning an investment with the following characteristics (Ignore income taxes.): Useful life 12years Yearl
Vlada [557]

Answer:

$339,600

Explanation:

The internal rate of return is the relationship between the price of the equipment and their yearly cash flow. the IRR makes the net present value equal to zero thus, it makes the present value of the yearly cashflow equal to the cost:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 60,000.00

time 12

rate 0.14

60000 \times \frac{1-(1+0.14)^{-12} }{0.14} = PV\\

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<em><u>From the given option:</u></em>

$ 339,600 is the closest option.

7 0
3 years ago
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