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
Vlada [557]
2 years ago
6

The following changes took place last year in Pavolik Company’s balance sheet accounts:

Business
1 answer:
irinina [24]2 years ago
4 0

Answer:

1. $260

2. $103

Explanation:

1. Calculation to determine the net cash provided by operating activities for the year

PAVOLIK COMPANY

STATEMENT OF CASH FLOWS PARTIAL (USING INDIRECT METHOD)

FOR THE YEAR ENDED

Particulars Amount

Cash flow from operating activities

Net Income $100

Adjustments to reconcile net income to net cash provided by operating activities

Adjustment for non cash effects

Depreciation $82

Loss on sale of land $21

Gain on sale of investments -$25

Change in operating assets & liabilities

Increase in accounts receivable -$24

Decrease in inventory $58

Increase in prepaid expenses -$19

Increase in accounts payable $62

Decrease in accrued liabilities -$24

Increase in income taxes payable $29

Net cash flow from operating activities (a) $260

Therefore Using the indirect method the net cash provided by operating activities for the year is $260

2. Preparation of a statement of cash flows for the year

PAVOLIK COMPANY

STATEMENT OF CASH FLOWS (USING INDIRECT METHOD)

FOR THE YEAR ENDED

Particulars Amount

$

Cash flow from operating activities (a) $260

Cash Flow from Investing activities

Property,plant and equipment purchased -$395

Long term investment sold $46

Land sold $24

Net cash Flow from Investing activities (b) -$325

(-$395+$46+$24)

Cash Flow from Financing activities

Cash dividends paid -$18

Common stock purchased -$96

Bonds issued $204

Net cash Flow from Financing activities (c) $90

(+$204-$18-$96)

Net Change in cash c=a+b+c -$25

Beginning cash balance $128

Closing cash balance $103

($128-$25)

Therefore the statement of cash flows for the year is $103

You might be interested in
Which senior managers may assume a greater deal of transferability between domestic and international HRM practices?
astraxan [27]

Answer: d. All of the Above

Explanation:

All the above senior managers are more likely to apply more Domestic HRM practices to make them International HRM practices when they are put into a situation where International practices will be needed.

This is because they have been with the Domestic companies for much of their time and so know more about Domestic practices than international.

The first options refers to senior managers in firms with large domestic markets. To be a senior manager demands experience in the market they are in so it is not far fetched to say that they are more knowledgeable in domestic practices than international.

The second option speaks of managers with little International experience meaning they are more likely to engage in transferability between domestic and International practices.

The third option speaks of managers who built their careers on domestic experience. They will find it hard letting go of what has brought them such success so will more likely apply domestic practices on an international scale.

7 0
3 years ago
Patrick and Amanda are team leaders in a small organization. Patrick does not supervise his team very closely, is always asking
Dominik [7]

Answer:

person-oriented; task- oriented

Explanation:

Patrick focusing on relationships, also mindful of what his team members think, concerned with and respects other people's ideas and feelings shows he is a person-oriented leader.

On the other hand, Amanda focusing on task accomplishment; directing work activities towards goals and ensuring all her team members are up and doing shows she is a task-oriented leader.

7 0
3 years ago
When the insured knows more about their circumstances than the insurer, there is
elena-s [515]

When the insured party knows more about his or her circumstances than the insurer, then there is: B. All of these.

<h3>What is an insurance company?</h3>

An insurance company is a business firm that is establish to collect premium from all of the insured for losses which may or may not occur, so they can easily use this cash to compensate or indemnify for losses incurred by those having high risk.

In Economics, when the insured party knows more about his or her circumstances than the insurer, then there is:

  • Adverse selection
  • Propitious selection
  • Moral hazard
  • Asymmetric information

Read more on insurance here: brainly.com/question/16789837

#SPJ1

4 0
1 year ago
A tenant still has five months remaining on a one-year apartment lease. When the tenant moves to another city, the tenant transf
Leno4ka [110]

Answer:

It would be B a sublessor

8 0
2 years ago
An individual client purchased his residence 5 years ago for $200,000. For 3 of the last 5 years, the client rented out the prop
AlladinOne [14]
Yes the answer is 500,000 dollrs
7 0
2 years ago
Other questions:
  • Positive statements are not a. prescriptive. b. descriptive. c. made by economists speaking as scientists. d. claims about how t
    7·1 answer
  • Which of the following statements is​ FALSE?
    7·1 answer
  • When Lisa purchased her house, the mortgage lender required her homeowner's insurance to cover 100% of the loan amount. After ma
    12·1 answer
  • ABC Corporation has three service departments with the following costs and activity base: Service Department Cost Activity Base
    6·1 answer
  • Inventory records for Marvin Company revealed that following :a.Mar 1. Beginning Inventory 1,000 units $7.20b.Mar. 10 Purchase 6
    10·1 answer
  • If people save more and spend less, the aggregate demand curve shifts to the right.
    7·2 answers
  • Suppose a bank has​ $100 million in checking account deposits with no excess reserves and the required reserve ratio is 10 perce
    14·1 answer
  • You lend a friend ​$​, which your friend will repay in equal annual​ end-of-year payments of ​$​, with the first payment to be r
    11·1 answer
  • Explain briefly why manufacturing offers so many careers in such varied fields.
    11·2 answers
  • Which type of marketing channel includes a retailer or other intermediaries in the delivery of goods and services to consumers?.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!