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
DochEvi [55]
3 years ago
13

Macrosoft Company reports net income of $55,000. The accounting records reveal depreciation expense of $70,000 as well as increa

ses in prepaid rent, accounts payable, and income tax payable of $50,000, $11,000, and $13,000, respectively. Prepare the operating activities section of Macrosoft's statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as negative amounts.)
Business
1 answer:
Mrrafil [7]3 years ago
4 0

Answer:

$99,000

Explanation:

According to the scenario, computation of the given data are as follows,

         Net income  = $55,000

Add- Depreciation expense = $70,000

Less- prepaid rent = $50,000

Add- accounts payable = $11,000

Add- Income tax payable = $13,000

Total = $99,000

Hence, Net cash flow from operating activities = $99,000      

You might be interested in
Buchi owns several financial instruments: stocks issued by seven different companies, plus bonds issued by four different compan
denpristay [2]

If Buchi owns several financial instruments: stocks issued by seven different companies, plus bonds issued by four different companies, her investments are best described as a PORTFOLIO

A range of investments owned by an individual is termed a portfolio.

For instance, when an individual owns different stocks, bonds, and businesses in diverse companies, such an individual is known to have a portfolio.

Portfolios are important for long-term financial goals even though the returns on such portfolios are not immediate.

According to the question, if Buchi owns several financial instruments: stocks issued by seven different companies, plus bonds issued by four different companies, her investments are best described as a PORTFOLIO

Learn more here: brainly.com/question/24598517

7 0
2 years ago
Assume that Saudi Arabia has production possibilities to produce either 100 barrels of oil using 100 worker hours or 25 bushels
Hatshy [7]

Answer: 10 bushels

Explanation:

If they produce 100 barrels of oil using 100 worker hours, it means that the number of work hours taken for 1 barrel is:

= 100 / 100

= 1 work hour

For bushels however, 1 worker hour produces:

= 25 / 100

= 0.25 bushels of corn

If 60 barrels of oil are produced, it means 60 worker hours were used which would leave 40 worker hours.

Bushels of corn produced is therefore:

= 40 * 0.25

= 10 bushels

5 0
2 years ago
The primary advantage of being a limited partner is:
notka56 [123]
<h2>Maximum loss limited to their capital investment</h2>

Explanation:

  • As an investor there is a possibility of both profit and loss. If it is sole proprietorship, the profit or loss will be put on the his / her shoulder.
  • In case of limited partner, the advantage is that if there is a loss occurred it will" limit to their capital investment".
  • He/she enjoys "protected investments"
  • There will not be any huge loss since the capital invested is limited.
  • "A company can have more than one limited partner"

7 0
3 years ago
Sheila and Vickie are sisters who enter into a contract to buy a vacation property. The sisters get into a dispute, and Vickie n
Pie

Answer:

The correct answer is Novation.

Explanation:

Innovation represents all those transformations that introduce originality and novelty, usually develop more frequently in the economic context, especially when companies implement new products or services that become successful within the market, prevailing in it through advertising.

Innovation is a technique that can solve problems or shortcomings, which can be done through improvement and not just the creation of something new.

3 0
3 years ago
When originally purchased, a vehicle had an estimated useful life of 12 years. The vehicle cost $47,000 and its estimated residu
levacccp [35]

Answer:

66545

Explanation:

4 0
3 years ago
Other questions:
  • At the end of the current year, Accounts Receivable has a balance of $550,000; Allowance for Doubtful Accounts has a credit bala
    6·1 answer
  • Differentiate organizing from organization
    9·2 answers
  • Small lean mean agencies which operate on low overheads and do quality work by hiring experts on job basis are called - Options
    6·1 answer
  • Companies that have higher risk than a competitor in the same industry will generally have
    14·2 answers
  • Identify the events that relate to process gains. Event 1: A group of individuals who spend time together are seen as a group al
    7·1 answer
  • James is the human resource manager at a large bottle manufacturing company. Ten years ago, when the business moved to its curre
    7·1 answer
  • Low inflation is a sign of?
    8·1 answer
  • Make a list of the skills that would be important for someone pursuing a career in each cluster in your unit. Then compare to se
    8·2 answers
  • Which are examples of a person changing careers? Check all that apply.
    10·1 answer
  • After Josh bought his first pair of Nike basketball shoes he was pleased that he did. He likes how the shoes provide support and
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!