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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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In January, Lance sold stock with a cost basis of $26,000 to his brother, James, for $24,000, the fair market value of the stock
Alika [10]

Answer:

For Lance:

short-term capital loss for 2,000

For James:

short-term capital gain for 3,000

Explanation:

As the stocks weren't held for more than a two-year period, these are considered short-term gain. Thus; taxes at the same income bracket as teh seller.

Lance will have a deducion for 2,000

While James will pay taxes for 3,000

4 0
3 years ago
All else held constant, which of the following will decrease the allocation to the risky asset?
Paul [167]

Answer:

an increase in risk aversion

Explanation:

This would cause a decrease in allocation to “risky” investments… at least that’s what we learned in MGT1104, for #2, not sure, would either be decrease in volatility or increase in exp. Return

8 0
2 years ago
Stagflation in the 1970s is most associated with:
sashaice [31]
Stagflation is said to occur when the economy experiences high inflation, high unemployment and slow growth. Stagflation in the 1970s was caused by the fall of the Bretton Woods system and the 1973 oil crisis. The prices of oil increased as a result of an oil embargo started by the Organization of Arab Petroleum Exporting Countries. This eventually had long run effects on the global economy.
6 0
3 years ago
ABM Services paid a $2.15 annual dividend on a day it closed at a price of $94 per share. What
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3 years ago
Jack,an HR manager at an electronics firm,has been informed that he needs to hire twenty technicians immediately.Which of the fo
FromTheMoon [43]

Answer: Radio advertisement

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