Answer:
Net Cash Flow from Operating Activities is $145,000
Explanation:
Cash Flow from Operating Activities
Net Income $120,000
Adjustment for Non Cash Expenses
Deprecation Expense $30000
Working Capital Changes
Increase in Accounts Receivables $(10,000)
Increase in Accounts Payable $5000
Net Cash Flow from Operating Activities $145,000
Please note that:
- Proceeds from issue of stock and payment of cash dividends relates to Financing Activities of Cash Flow Statement
- Proceeds from sale of land and cash payment for purchase of equipment relates to Investing Activities of Cash Flow Statement
*figures in brackets represent negative values or cash outflows
I know that the answer is C!
Answer:
Joint venture
Explanation:
A joint venture is a form of business entity that involves two or more people coming together to create the entity for the purpose of business. In a joint venture, the parties share ownership of the business, they also share the profits (returns) and losses of the venture. In addition, the parties share the leadership and governing of the venture. Most joint ventures are established for the purpose of accessing emerging markets, by combining resources and assets to achieve this.
Answer:
7. $41,000
Explanation:
7. The company has $40,000 of inventory on December, it further purchased $36,000 of inventory in January. The sales in January amounted to $50,000 out of which 30% is gross profit. The cost of goods sold will be $35,000. The inventory that is destroyed by fire $41,000 ($40,000 + $36,000 - $35,000 ).