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
marishachu [46]
3 years ago
9

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.

<u>Details                                                                      $           </u>

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                           <u>         1,300   </u>

Net cash from operating activities          <u>     527,000   </u>

You might be interested in
Rimi currently earns $3300 per month. She has the following monthly debt payment expenses: $80 for credit cards, $130 for studen
vaieri [72.5K]

Answer:

No, her ratio is greater than 37%

Explanation:

Given:

Monthly income = $3,300

Credit card expenses = $80

Student loan expenses = $130

Car payment = $215

All insurances = $1,221

Computation:

Total debt to income ratio = Total debt / Total income

Total debt to income ratio =  (80 + 130 + 215 + 1221) / 3300

Total debt to income ratio = 49.87%  

Housing payments to income ratio = All insurances / Monthly income

Housing payments to income ratio = (1221) / 3300

Housing payments to income ratio = 37%  

No, her ratio is greater than 37%

3 0
3 years ago
The step in which a salesperson meets the customer for the first time is the __________ step of the creative selling process.
frosja888 [35]

The step in which a salesperson meets the customer for the first time is the <u>approach step</u> of the creative selling process.

<h3>Who is a saleperson?</h3>

A salesperson can be defined as the person whose sole reponsibilities is to market and sell a company product to potentials customers or buyers.

When a sales person meet a customer for the first time, the sales person need to first approach the customers  before marketing a product to the customer.

Therefore the step in which a salesperson meets the customer for the first time is the <u>approach step.</u>

Learn more about salesperson here:brainly.com/question/25586322

#SPJ1

5 0
2 years ago
Human rights violations​
Ganezh [65]

Answer:

Examples include torture, starvation, deprivation of religion, abortion, etc.

Explanation:

I don't know if that's what you need. I can give more examples.

6 0
2 years ago
Why does the market portfolio include all risky assets?
Bezzdna [24]
Under the CAPM, all investors hold the market portfolio because it is the optimal risky portfolio. Because it produces the highest attainable return for any given risk level, all rational investors will seek to be on the straight line tangent to the efficient set at the steepest point, which is the market portfolio. Branliest would be nice (:
6 0
2 years ago
A company has a beginning owner’s capital of $100,000. It has net loss for the current year of $50,000 and paid $10,000 in divid
11111nata11111 [884]

Answer:

The ending owner’s capital for the company is $40,000

Explanation:

For computing the ending owner capital, the following equation should be used which is shown below:

Ending owner capital = Beginning owner capital - net loss - dividend paid to shareholders

= $100,000 -- $50,000 - $10,000

= $40,000

The net loss and dividend decrease the owner equity which ultimately decreases the capital. So, we deduct these amounts.

Hence, the ending owner’s capital for the company is $40,000

5 0
3 years ago
Other questions:
  • Boxer Inc. reported inventory at the beginning of the current year of $360,000 and at the end of the current year of $411,000. I
    10·1 answer
  • ​recently, amazon.com has been accused of​ __________, which is the practice of selling products below cost to harm competitors.
    7·1 answer
  • “You’ve been specially selected to win our grand prize. Contact us to collect it!” This is probably a(n) _____.
    8·2 answers
  • Taxpayers filing single, regardless of whether they did or did not engage in a specified service trade or business, will only be
    8·1 answer
  • The basis for Durkheim's theory of society is the principle that Select one: a. people are the products of their social environm
    15·1 answer
  • Suppose there is a large increase in the money supply in an economy that previously had low inflation. As a consequence, aggrega
    8·1 answer
  • The cash basis of accounting A : is the method required by generally accepted accounting principles. B : follows the revenue rec
    9·1 answer
  • Assuming the use of a two-column (all-purpose) general journal, a revenue journal, and a cash receipts journal, indicate the jou
    11·1 answer
  • The June 1 work in process inventory consisted of 4,100 units with $14,700 in materials cost and $12,300 in conversion cost. The
    12·1 answer
  • . Which one of the following statements is TRUE?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!