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Kisachek [45]
3 years ago
13

Free Skies Inc.'s annual report contained the following information (dollars in millions): Net loss $ (13,302 ) Depreciation, am

ortization, and impairments 34,990 Decrease in receivables 2,045 Increase in inventories 6,266 Decrease in accounts payable 505 Additions to equipment 4,677 Required: 1. Based on this information, compute cash flow from operating activities using the indirect method.
Business
1 answer:
alina1380 [7]3 years ago
8 0

Answer: $16,962

Explanation:

The cashflow from operating activities of a company shows the cash it gets from its day-to-day operations.

It is calculated as follows:

= (Net loss) + Depreciation + Decrease in receivables - increase in inventory - Decrease in accounts payable

= -13,302 + 34,990 + 2,045 - 6,266 - 505

= $16,962

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Olenka [21]

The tax bill amount after deductions is $3,364.73

<h3>What is the tax bill?</h3>

how much tax a person or business is required to pay within a specific time frame: Couples making over $234,000 and individuals making over $159,000 will pay up to an additional $110 for each person included on their state tax return.

<h3>What does "bill amount" mean?</h3>

The term "Bill Amount" refers to the total amount owed, including any current fees and any past-due amounts, plus or minus any changes.

<h3>To what extent do deductions lower taxes?</h3>

Your taxable income is decreased by deductions by the percentage of your highest tax rate. If your tax rate is 24 percent, for instance, a $1,000 deduction will result in a $240 tax bill savings (1,000 multiplied by 0.24 equals 240). When it comes to deductions, you can only choose between the standard deduction and itemizing.

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4 0
2 years ago
Alphabet Company, which uses the periodic inventory method, purchases different letters for resale. Alphabet had no beginning in
Slav-nsk [51]

Answer: $51

Explanation:

A, B, C, D, E, F, G were purchased for $2.50 per letter which means they cost;

= 7 * 2.50

= $17.50

H to L were purchased at $4.50 per letter which means they cost;

= 5 * 4.5

= $22.50

M to R were purchased at $5.50;

= 6 * 5.5

= $33

Total inventory cost = 17.50 + 22.50 + 33 = $73

Inventory sold = 2.5 + 2.5 + 2.5 + 4.5 + 4.5 + 5.5

= $22

Ending Inventory = Total inventory - inventory sold

= 73 - 22

= $51

8 0
3 years ago
Claude C. Hopkins believed that advertising moved from being a _____to a science.
ANTONII [103]

I think pig in a poke ;)

7 0
4 years ago
Question 9
irina1246 [14]

Answer:

Easy access to funds through a debit card

Explanation:

A checking account is an account that individuals open at a bank or a financial institution to withdraw and deposit money.  It is also referred to as a demand account.  The salient feature with a checking account is that it is very liquid.  It permits users a quick way of accessing their money.

A checking account can be accessed using  ATMs, electronic cards, and checks. The checking account allows users to deposit and withdraw money multiple times without attracting charges.

8 0
3 years ago
Apart from Amazon, the top online retail firms in terms of online sales are all primarily ______ firms.
Romashka [77]

Answer:

omni-channel is the correct answer.

Explanation:

3 0
3 years ago
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