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givi [52]
3 years ago
11

Chino Company reported net income of $23,000 for the current year. During the year, Inventory decreased by $7,500, Accounts Paya

ble decreased by $8,250, Depreciation Expense was $10,500, and Accounts Receivable increased by $7,000. If the indirect method is used, what is the net cash provided by operating activities?
A). $25,750.
B). $56,250.
C). $42,250.
D). $11,000.
Business
2 answers:
ikadub [295]3 years ago
7 0

Answer: A). $25,750.

Explanation:

Cash from operating activities refers to cash from the business operations of the company.

Formula is:

= Net Income + Depreciation + Decrease in inventory - Accounts payable decrease - Accounts receivable increase

= 23,000 + 10,500 + 7,500 - 8,250 - 7,000

= $25,750

Brut [27]3 years ago
6 0

Explanation:

A). $25,750.

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What percentage of your gross salary does the consumer financial?.
kati45 [8]

The complete question is as follows:

What percentage of your gross salary does the consumer financial bureau suggest?

The proportion of gross income suggested by the Consumer Financial Bureau is not more than 15% or 10% of the earned income.

<h3>What is a gross salary?</h3>

Gross salary is the amount received by an employee before any deductions and income taxes. It is given by the employer of the company in its respective bank account.

According to the Consumer Financial Bureau, the proportion of not exceeding 10% of gross income should be reserved for affording the student loan payments, or not greater than 15% be reserved for monthly debts except rental and mortgage reimbursements.

Therefore, the type of payments will decide the proportion of gross income being allocated in accordance with the Consumer Financial Bureau.

Learn more about the gross salary in the related link:

brainly.com/question/5715627

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8 0
2 years ago
Brief Exercise 163 Southern Skiles Co. had beginning capital balances on January 1, 2020, as follows: Patty Sharp $30,000 and Ji
JulijaS [17]

Answer:

The partners' capital statement is hereby attached.

Explanation:

I started with opening capital balance ,then added each partner's share of profit for the year and finally  I deducted the drawings by partners in the year to arrive at closing capital account balance.

Download xlsx
4 0
3 years ago
Is it a good thing for my best friend and I to literally fight? like kick each other? we do it because we love each other. the o
Whitepunk [10]
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3 0
3 years ago
Is being a finance manager is stressful job?​
MakcuM [25]

Answer:

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7 0
3 years ago
car wash services 200 customers in an hour on a lovely Saturday afternoon. The car wash employs 5 washers at​ $6 per hour and us
Inessa [10]

Answer:

Productivity = 2.35 cars / $

Explanation:

Given:

Total number of car per hour = 200

Total number of washers = 5

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Computation of total expenses per hour:

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4 0
4 years ago
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