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krok68 [10]
3 years ago
15

During the past year, a company reported net income of $230,000. Depreciation expense was $22,000. In December the company recei

ved $7,000 representing rent for the next year on a vacant warehouse. What is the amount of cash provided by operating activities that should appear on a statement of cash flows
Business
1 answer:
tamaranim1 [39]3 years ago
8 0

Answer: $259000

Explanation:

Based on the information provided in the question, the amount of cash provided by operating activities that should appear on a statement of cash flows would be:

Net income = $230,000

Add: Depreciation expense = $22,000

Add: Rent = $7000

Total = $259,000

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As it applies to corporations, employee-owner separation means that many employees
Kruka [31]

As it applies to corporations, employee-owner separation means that many employees can be separated from organization as a result of resignation, removal, death, permanent incapacity, discharge or retirement and they as employee are not stockholders of the company for which they work.

For better understanding, lets explain ownership and control in firms

  • Separation of Ownership and Control in firm is done by Shareholders. They hire managers to manage the firm on their behalf. Employee only work for shareholders. Employees can be separated from organization as a result of resignation, removal, death, permanent incapacity, discharge or retirement

From the above, we can therefore say that the answer that as it applies to corporations, employee-owner separation means that many employees can be separated from organization as a result of resignation, removal, death, permanent incapacity, discharge or retirement and they as employee are not stockholders of the company for which they work is true

Learn more about separation from

brainly.com/question/23883384

4 0
2 years ago
The market for land is competitive and in equilibrium at the rental rate of $500 per acre and the supply of land is perfectly in
Elina [12.6K]

Answer:

Falls by $100,000

Explanation:

In this question, we are asked to calculate and state what happens when demand for land falls and as a result, there is also a fall in rental rate.

Firstly, we cost the total of 1000 acres. The price of 1000 acres is simply the multiplication of the 1000 acres by the $500 unit price= 500 * 1,000 = $500,000

We now calculate the price or worth of the land when demand falls

This is mathematically equal to 400 * 1000 = $400,000

Now, the net economic rent fall would be $500,00 - $400,000 = $100,000

Hence, there would be a fall of $100,000 as the demand for land falls

5 0
2 years ago
On January 1, 2018, Gridley Corporation had 375.000 shares of its $2 par value common stock outstanding. On March 1, Gridley sol
Allushta [10]

Answer:

weighted-average shares outstanding: 1,075,000

Explanation:

We need to multiply by the shares movements by the months remaining to complete the year. Thus, assinging a weight to each share.

Jan 1st:            375,000 x 12/12(all year) = 375,000

March 1st:        750,000 x 10/12(from March 1st to Dec 31th) = 625,000

May 1st:  20% stock dividends: (375,000 + 750,000) x 20% x 8/12 =

                                    225,000 x 8/12(May 1st to Dec 31th)       = 150,000

August 1st: (420,000) x 5/12(August 1st to Dec 31th) = (175,000)

November 1st: 600,000 x 2/12(November 1st to Dec 31th) = 100,000

375,000 + 562,500 + 150,000 - 175,000 + 100,000 = 1,075,000

4 0
2 years ago
During the norming stage of team development, team members: try to establish a favorable role for themselves on the team. meet e
ExtremeBDS [4]
During the norming stage of team development, team members: begin to settle into their roles as team members.
6 0
3 years ago
Use the cost information below for Laurels Company to determine the cost of goods manufactured during the current year: Direct m
Zanzabum

Answer:

$16,100

Explanation:

Add the total manufacturing costs for the year to determine the cost of goods manufactured during the current year. Also remember to account for change in work in process inventory.

3 0
2 years ago
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