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3 years ago

Fitz Company reports the following information.

Business

1 answer:

Karolina [17]3 years ago

3 0

Answer:

Net cash from operating activities is $527,000.

Explanation:

This can be prepared as follows:

Fitz Company

Statement of cash flows

(Operating activities section only)

For the year ended December 31.

Details $

Net income 412,000

Adjustment to reconcile net income:

Depreciation expense 50,000

Amortization expense 7,300

Gain on sale of plant assets (7,400)

(Increase) decrease in current assets:

Accounts receivable decrease 33,400

Inventory decrease 47,500

Prepaid expenses increase (6,200)

Increase (decrease) in current liabilities:

Accounts payable decrease (10,900)

Salaries payable increase 1,300

Net cash from operating activities  527,000 

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Answer:

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2 years ago

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3 years ago

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I hope you find this information useful and interetsing! Good luck!

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2 years ago

The long run is best defined as a time period during which at least one input cannot be changed. during which all inputs can be

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Answer:

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On the long run, all productive inputs can be changed and/or altered. that includes fixed costs like equipment and machinery, building facilities, processes, wages, etc.

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3 years ago

When marketing managers looks for a relationship between past sales and one or more independent variables, such as population, p

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