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Vitek1552 [10]
3 years ago
12

Ruston Company had Net Income for 2020 of $6,200,000. The firm invested $4,000,000 in manufacturing equipment during 2020. The e

quipment is being depreciated over five years using straight-line depreciation, starting in 2020. Assuming no other adjustments to cash flow than those mentioned here, create a statement of cash flows for 2020 with amounts in thousands. What is the Net Cash Flow in 2020
Business
1 answer:
Aloiza [94]3 years ago
4 0

Answer:

$3,000,000

Explanation:

Calculation to determine the Net Cash Flow in 2020

STATEMENT OF CASH FLOW

For the Year 2020

Cash flow from operating Activities:

Net Income $6,200,000

Add Depreciation Expense $ 800,000

Net Cash provided by operating activities $7,000,000

($6,200,000+$800,000)

Cash flow from Investing activities:

Investment in Equipment ($4,000,000)

Net Cash used in Investing activities ($4,000,000)

Net Cash flow in 2020 $3,000,000

Depreciation under Straight Line method = (Cost - Salvage Value)/Useful Life

Depreciation under Straight Line method= (4000000-0)/5

Depreciation under Straight Line method= 800,000

Therefore the Net Cash Flow in 2020 is $3,000,000

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3 years ago
Trevor's boss told him that he would now also be responsible for answering the phones and filing correspondence in addition to t
konstantin123 [22]

The responsibility for answering the phones and filing correspondence in addition to the tasks is an example of extension.

<h3>What is an extension?</h3>
  • An extension refers to doing an even wider range of tasks in addition to the tasks assigned.
  • Task switching is a sort of multitasking that involves switching between several abilities, tasks, or cognitive sets.
  • Multitasking is the practice of dividing one's attention among several skills, tasks, or cognitive sets.
  • The process of working as an extension involves interspersing and overlapping the execution of various programs. This is frequently accomplished by taking advantage of the discrepancy between a computer's quick processing power and its slower input/output devices.
  • If necessary, put off other chores so that one may focus entirely on the important ones when working as an extension.
  • In order to do the assignment on time, one may need to make wise choices, such as calling off a meeting. A good leader may change with the times and deviate from the norm to deal with the problems at hand.

To learn more about Multitasking refer to:

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7 0
1 year ago
A written agreement setting forth issues between labor and management is called a?
marishachu [46]

Labor contract.

A labor contract sets for the rights and responsibilities of labor and management for unions and other labor groups.

3 0
3 years ago
Hilliard Pharmaceuticals and Ahrens Vitamins, Inc., have high market commonality, both geographically and in the market segments
Mama L [17]

Answer: C. Ahrens will respond aggressively because of the high multimarket contact between Hilliard and Ahrens.

Explanation:

Ahrens will respond aggressively because of the high multimarket contact between Hilliard and Ahrens.

Ahrens Vitamins and Hilliard Pharmaceuticals have high Market commonality. They operate in the same geographical area and their target market is the same, meaning an increase in Profits for Hilliard Pharmaceuticals is a decrease in profits for Ahrens Vitamins, an attack from Hilliard will ave severe consequences for Ahrens Pharmaceuticals as they compete for the same target market.

Ahrens Vitamins will have to respond aggressively to attacks from Hilliard Pharmaceuticals in order to maintain their position in the market  

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3 years ago
In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information: C
12345 [234]

Answer:

$4,400

Explanation:

The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items.

These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.

The adjusted cash balance is the balance after all the transactions omitted from the cash balance have been considered.

Deposits in transit at month-end $ 1,900  - No adjustments required

Outstanding checks at month-end $ 570 - No adjustment required

Bank service charges $ 30 - To be deducted

EFT automatically deducted monthly, not yet recorded by Maxi $ 480 - To be deducted

An NSF check returned on a customer account $ 315 - To be deducted

Adjusted cash balance = $5,225 - $30 -$480 - $315

=$4400

3 0
2 years ago
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