Answer:
$2,730,000
Explanation:
The opening cash balance is netted off the cash flows from all activities namely; Operating, investing and financing activities to get the closing cash balance.
The operating activities includes elements such as net income, depreciation and amortization, changes in working capital etc.
Given;
Net income = $2,500,000
Depreciation = $160,000
accounts receivable decrease = $350,000 (inflow of cash)
accounts payable decrease = $280,000 (outflow of cash)
net cash provided by operating activities using the indirect approach
= $2,500,000 + $160,000 + $350,000 - $280,000
= $2,730,000
Answer:
110 mm
Explanation: The Nissan GT-R has a 110 mm ground clearance.
Usually, a change of course such as the change in this company operation would be outlined in the firm's product vision statement.
<h3>What is
product vision statement?</h3>
A product vision statement is a statement that is use as a guide or reminder to all the stakeholders involved in a product's development and also entails the objective they are aiming to achieve.
Usually, the product vision statement will reflect the change if the change of organization course occur.
In conclusion, the change of course such as the change in this company operation would be outlined in the firm's product vision statement.
Read more about product statement
<em>brainly.com/question/25387241</em>
Answer: The actual cost of materials was less than the standard cost
Explanation:
Net materials cost variance = Favorable materials price variance + Favorable materials quantity variance
= 380 + (-120 unfavorable)
= 380 - 120
= $260 favorable
<em>As the materials cost variance is favorable, it means that the actual cost of materials was less than what was budgeted for it or rather its standard cost. </em>
