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Kaylis [27]
3 years ago
12

Norton Company reported total sales revenue of $55,000, total expenses of $45,000, and net income of $10,000 on its income state

ment for the year ended December 31, 2010. During 2010, accounts receivable increased by $4,000, merchandise inventory increased by $6,000, accounts payable decreased by $2,000, and depreciation of $18,000 was recorded. Therefore, based only on this information, the net cash flow from operating activities using the indirect method for 2010 was:
Business
1 answer:
OleMash [197]3 years ago
3 0

Answer:

By calculation the answer is $16,000.

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A(n) ________ may occur if a major shareholder desires to sell a large number of shares but the market for the shares is not suf
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Answer:

Targeted Repurchase

Explanation:

According to my research on the Stock Market, I can say that based on the information provided within the question this situation can cause a Targeted Repurchase to occur. This is when the target firm purchases back its own stock from a hostile bidder, usually at a much higher price than what is currently offered as market value.

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Forey, Inc. competes against many other firms in a highly competitive industry. Over the last decade, several firms have entered
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Answer:

The market that characterizes the industry in which Forey competes is a market where competition is at its greatest possible level and it is a perfectly competitive market and the reason is because its returns decrease with the entering of new firms, also four-firm concentration ratio and Herfindahl Hirschman index are both quite small, so no one has significant market power to set or even influence the market price. In the short-run Forey Inc’s profit will decrease as more and more new firms enter the market and in the long-run Forey Inc will receive only normal (zero) economic profit.

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3 years ago
In order to make sure that audiences can correctly identify which words you are using, it is necessary to make sure you have cor
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In order to make sure that audiences can correctly identify which words you are using, it is necessary to make sure you have correct Pronunciation.

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Answer the question on the basis of the given supply and demand data for wheat. Bushels Demanded Per Month Price Per Bushel Bush
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Answer:

C. farmers would not be able to sell all their wheat. 

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At a price of $4, quantity supplied exceeds quantity demanded. Quantity supplied is 73 while quantity demanded is 50. There is an excess supply over demand. Therefore, farmers would not be able to sell all their wheat.

Equilibrium price is $2. This is where quantity supplied equals quantity demanded.

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The purpose of making closing entries is to: Select one: a. Reset the temporary accounts and update retained earnings. b. Enable
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Answer:

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