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
serg [7]
3 years ago
12

The following information is available for Ivanhoe Company for the year ended December 31, 2022.

Business
1 answer:
aivan3 [116]3 years ago
7 0

Answer and Explanation:

The preparation of the cash flow statement is presented below:

Cash Flows From Operating Activities  

Net Income $497,175

Adjustments made:

Less: Increase in Accounts Receivable -$14,350  

Less: Increase in Inventory -$19,250  

Less: Decrease in accounts payable -$6,475  

Add: Increase in Income tax payable $8,225  

Add: Depreciation Expense $283,500  

Net Cash Provided by Operating Activities (A) 748,825

Cash Flows From Investing Activities  

Cash received for sale of land at book value $61,250  

Less: Cash used to purchase a building -$505,750  

Net Cash Provided by Investing Activities (B) -$444,500

Cash Flows From Financing Activities  

Cash received from issuing bonds $350,000  

Less: Cash used to purchase Treasury stock -$45,500  

Less: Cash Dividends Paid -$21,000  

Net Cash Used by Financing Activities (C) $283,500

Net Increase in Cash (A+B+C) $587,825

Add: Beginning cash balance 78,750

Ending cash balance $666,575

You might be interested in
The city council is getting ready to build a new power plant, which is expected to bring jobs to the community, but also generat
Dominik [7]

Answer:

environmental racism

Explanation:

Based on the information provided within the question it can be said that this scenario could possibly be classified as environmental racism. This is a concept which describes the environmental discrimination that occurs in many geographical locations both in practice as well as on paper. All of which is based on a racialized context.

4 0
3 years ago
What are the impact of SMEDAN on entrepreneurship
daser333 [38]
You can easily apply for loans and support funds both within and outside the country. It also grants you access to funding from the government and private sector.
6 0
2 years ago
A drought decreases the supply of agricultural products, which means that at any given price a lower quantity will be supplied;
iVinArrow [24]

Answer:

supply curve to the right.

Explanation:

A drought decreases the supply of agricultural products, which means that at any given price a lower quantity will be supplied; conversely, especially good weather would shift the supply curve to the right. Drought refers to a period characterized by little or no rainfall in a geographical location over a specific period of time. When there's a drought, the production of agricultural products will be very much affected, thereby causing a decrease in the quantity of farm products.

On the other hand, a good weather would cause an increase in the quantity of farm products and as a result of this, the supply curve would shift rightward because there's enough product to meet the customer's demands or needs.

4 0
3 years ago
, a doctor from the local hospital, is a friend of Fran, the owner of a candy store. Every day, Ed spends about five minutes in
just olya [345]

<u>Answer:</u>

<u>- Yes,</u>

<u>- Bilateral, Implied contract which is enforceable.</u>

<u>Explanation</u>:

Note, both parties consented to a contract even though it was an informal setting. Remember, certain gestures were used by Ed to show contract acceptance, There's also valid consideration since the value of the exchange is known; which is a candy bar for $1.

Fran thus understands that Ed will pay for the candy later since he saw the sign, this also makes it a bilateral contract (between two parties only). The contract is also enforceable since it is legal to sell candies.

6 0
3 years ago
Suppose Lois usually buys two cups of coffee for two dollars each and one scone for two dollars each. If the price of scones fal
777dan777 [17]

Answer:

The correct answer is D. Real income effect.

Explanation:

Real income is defined as the monetary income of an individual, taking into account the effect of inflation. For example, if a person's nominal salary increases by 10% in one year, and inflation is 6% in that year, the actual income will have increased 4% in that year.

4 0
3 years ago
Other questions:
  • Asking that all sources of income be revealed on a credit application is prohibited by the ecoa.
    8·1 answer
  • What type of questions can be answered with economic tools without interjecting any value judgment as to whether the particular
    6·1 answer
  • Zahara Smith is wondering how she can make her check stretch enough to afford her monthly cable, water, grocery, and cell phone
    14·2 answers
  • Contemporary best-selling management books often argue that customers are the most important element in the external environment
    12·1 answer
  • Mr. E, a petroleum engineer, earns an $72,500 annual salary, while Mrs. E, a homemaker, has no earned income. Under current law,
    10·1 answer
  • The major advantages of the __________ pattern are its flexibility in meeting external demands, spotting external changes, integ
    12·1 answer
  • When meeting a CEO whom he hoped to win over as a new client, James, dressed in an Armani suit, introduced himself from across h
    9·2 answers
  • A loan is being repaid with level annual payments of $1,000. Calculate the outstanding balance of the loan if there are 12 payme
    6·1 answer
  • A house worth $180,000 has a coinsurance clause of 75 percent. The owners insure the property for $101,250. They then have a los
    12·2 answers
  • A system that collects and stores the company's key data and produces the information needed by managers for analysis, control,
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!