1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Oksanka [162]
3 years ago
13

Cemptex Corporation prepares its statement of cash flows using the indirect method to report operating activities. Net income fo

r the 2018 fiscal year was $664,000. Depreciation and amortization expense of $95,000 was included with operating expenses in the income statement. The following information describes the changes in current assets and liabilities other than cash:
Decrease in accounts receivable $30,000
Increase in inventories 10,000
Increase prepaid expenses 9,300
Increase in salaries payable 10,800
Decrease in income taxes payable 19,000

Required:
Prepare the operating activities section of the 2018 statement of cash flows.
Business
1 answer:
rusak2 [61]3 years ago
3 0

Answer:

Net cash flow from operating activities $761,500

Explanation:

The preparation of the operating activities section is as follows;

Net income $664,000

Add: depreciation & amortization $95,000

Add: Decrease in accounts receivable $30,000

Less: Increase in inventories 10,000

Less: Increase prepaid expenses 9,300

Add: Increase in salaries payable 10,800

Less: Decrease in income taxes payable 19,000

Net cash flow from operating activities $761,500

You might be interested in
Income elasticity of demand measures:
natita [175]

Answer:1) how responsive quantity demanded is to changes in income--A                  2) income elasticity of demand for butter is 0.11. That means butter is a luxury good---A

Explanation:

1) Income elasticity of demand refers to the responsiveness of the quantity demanded for a certain good to a change in income of consumers who purchase this good.The higher the income elasticity of a good,  the greater the consumers' response in their purchasing lifestyle.

The  formula for Income elasticity of demands given by

The percent change in quantity demanded divided by the percent change in income.

2) Income elasticity of demand, helps us to identify  if a particular good represents a necessity or a luxury.

-when the income elasticity for a good is less than 1(ie from 0-1) we say that the good is a normal good. these goods are also called necessity goods and consumers will purchase them irrespective of the changes in their  income eg water, electricity

- when the income elasticity of a good is greater than 1 , we say that  the good is a luxury good. eg butter

- An inferior good is one with a negative income elasticity  which means  rising incomes will lead to a drop in demand.

3 0
4 years ago
Read 2 more answers
2 The link that distributes a product from a supplier to the consumer is afn)
GenaCL600 [577]
The answer to this question is D
4 0
3 years ago
Skysong, Inc. had net credit sales during the year of $1090600 and cost of goods sold of $604000. The balance in accounts receiv
blagie [28]

Answer:

8.2 times

Explanation:

The first step is to calculate the average receivable

= $114,000+$152,000/2

= $266,000/2

= $133,000

Therefore the accounts receivables turn over can be calculated as follows

= net sales / average receivable

= $1,090,000/$133,000

= 8.2 times

Hence the account receivable turnover is 8.2 times

7 0
3 years ago
A production possibilities frontier with constant opportunity cost is:________
amm1812

Answer: A straight downward sloping line

Explanation:

5 0
3 years ago
Gawain sa Pagkatuto Bilang 6. Magsaliksik ng isang paksa at bumuo ng
Gre4nikov [31]

Answer:

kalamidad pangayayari

50percent

30percent

60percent

5 0
4 years ago
Read 2 more answers
Other questions:
  • Compute the selling price of a bottle of cleaning spray that has a cost of $2.05 and a markup of 35%. a) $2.00 b) $2.69 c) $2.77
    12·1 answer
  • A rule promulgated by the Environmental Protection Agency (EPA) limits the amount of carbon that can be emitted from a car's exh
    9·1 answer
  • Which statement about the rules of debit and credit is true? A. If accounts receivable is decreased with a credit, the normal ba
    12·1 answer
  • Accounting profits are typically
    13·1 answer
  • You are thinking of building a new machine that will save your company $1,000 in the first year. The machine will then begin to
    6·1 answer
  • "An investor is considering a $20,000 investment in a start-up company. She estimates that she has probability 0.25 of a $15,000
    15·1 answer
  • Odeletta Corporation is considering an investment of in a land development project. The investment will yield cash inflows of pe
    12·1 answer
  • If you had purchased 10 shares of GoPro at the IPO (Initial Public Offering) on June 26, 2014 at 31.34, you would have spent ___
    10·1 answer
  • Josh is a full-time college student who is not working or looking for a job. The Bureau of Labor Statistics counts Josh as a. em
    14·1 answer
  • Disadvantages of being an ill tempered entrepreneur
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!