Using the indirect method, the net cash is $93,900
Solution:
Cash flow from Operating Activities
Net Income $85,300
Depreciation Expense $12,000
Gain on Sale of Land ($7,500)
Increase in Merchandise Inventory ($2,050)
Increase in Accounts Payable $6,150
---------------
Net Cash $93,900
Remember:
Increase in current assets (accounts receivables, inventory), it means subtract.
Decrease in current assets, means, add.
Increase in current liabilities (accounts payable, tax liabilities), it means add.
Decrease in current liabilities, means, subtract.
The answer in the given statement above is false because
Gross Domestic Product has the capability of providing measurement when it
comes to the economy’s income. It measures the goods that are produced and the
services that are given in the course of one year where in it is concluded that
it has the capability of measuring the economy’s income.
This is the answer:
The temperature of rinse water in a warewashing machine that uses chemical sanitizing should be between <span>68°F to 100°F.
Hope this helps.
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Answer:
Decrease by $30,000
Explanation:
Cost to buy = 15,000 * $34
Cost to buy = $510,000
Note: Since Ortega is buying 15000 units at $34, the $40,000 avoidable cost on fixed manufacturing overhead is non-applicable.
Cost of making = $150,000 + $240,000 + $90,000
Cost of making = $480,000
So, if Ortega purchases the component from the supplier instead of manufacturing it, the effect on income would be decrease by $30,000 ($510,000-$480,000).
