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3 years ago

Statement of Cash Flows—Indirect Method

Business

1 answer:

SCORPION-xisa [38]3 years ago

6 0

Answer and Explanation:

The preparation of the cash flow statement using the indirect method is as follows;

Cash flows from operating activities

Net Income $30,500.00

Add: Depreciation $42,400.00

Less: Decrease in income taxes payable ($2,500.00)

Less: Increase in AR ($6,100.00)

Add: Decrease in inventory $12,900.00

Less: Increase in prepaid rent ($3,600.00)

Add: Increase in AP $2,500.00

Add: Increase in short term notes payable $12,100.00

Net Cash flow from operating activities $88,200.00

Cash flow from Investing activities

Purchase of PPE ($121,200.00)

Net Cash flow from Investing activities ($121,200.00)

Cash flow from Financing activities

Redemption of Bonds ($30,000.00)

Issue of Stock $60,600.00

Net Cash flow from Financing activities $30,600.00

Increase or decrease in cash -$2,400

Add: Opening cash and cash equivalents $12,100.00

Closing cash and cash equivalents $9,700.00

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Payback period computation; even cash flows LO P1 Compute the payback period for each of these two separate investments:

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Answer:

Please see attachment

Explanation:

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4 years ago

360-degree feedback Select one: a. is designed to provide feedback for promotion or pay decisions. b. is designed to deal with a

Aneli [31]

Answer: Option C

Explanation: In simple words, 360-degree feedback refers to the feedback process in which an employee receives feedback from not just its superiors but from his or her peers, subordinates and customers also. Even sometimes self evaluation is also taken into consideration.

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3 years ago

The HR department at Top Choice Manufacturing has been asked to collect job analysis information about general worker behaviors

sineoko [7]

Answer:

The correct answer is letter "A": position analysis questionnaire.

Explanation:

Position Analysis Questionnaire or PAQ is helpful to link job duties with individuals' characteristics such as mental processes or interpersonal skills. The results of PAQ are implemented in the desired profile of different job positions within the firm and for training references. PAQ is employee-oriented in nature which implies workers' behaviors are the key features to study in different jobs at different levels.

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3 years ago

g Credit card applicants have an average credit rating score of 667. Assume the distribution of credit scores is Normal with a s

Marizza181 [45]

Answer:

$P(X>700)=P(\frac{X-\mu}{\sigma}>\frac{700-\mu}{\sigma})=P(Z>\frac{700-667}{65})=P(z>0.508)$

And we can find this probability using the complement rule and excel or a calculator and we got:

$P(z>0.508)=1-P(z$

Explanation:

Previous concepts

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".

Solution to the problem

Let X the random variable that represent the rating score of a population, and for this case we know the distribution for X is given by:

$X \sim N(667,65)$

Where $\mu=667$ and $\sigma=65$

We are interested on this probability

$P(X>700)$

And the best way to solve this problem is using the normal standard distribution and the z score given by:

$z=\frac{x-\mu}{\sigma}$

If we apply this formula to our probability we got this:

$P(X>700)=P(\frac{X-\mu}{\sigma}>\frac{700-\mu}{\sigma})=P(Z>\frac{700-667}{65})=P(z>0.508)$

And we can find this probability using the complement rule and excel or a calculator and we got:

$P(z>0.508)=1-P(z$

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3 years ago

Tiffany has been the top sales rep in her company for the past ten years. She has developed countless tricks and tips to continu

Dafna11 [192]

Answer:

Tiffany would likely have expert  power over a new sales rep.

Explanation:

Refering to business, the are five forms of power through wich the workers may influence others in an organization: legitimate, reward, expert, referent, and coercive.

The legitimate power comes from formal authority: bosses have the authority to ask others to perform tasks.

Reward power comes from the fact that one person can pay or reward, either with money or with some non-financial incentive.

Expert reward is exerted by a person in virtue of the knowledge on a matter or skills to perform a task, thus he/she can influence others. This is exactly what Tiffany would likely have because the has a lot of experience performing a good job as sales rep/

Referent power is exerted in virtue of the respect or admiration

Coercive power is exerted when the person can impose a punishment.

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3 years ago