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vagabundo [1.1K]
2 years ago
15

Telfer, Inc. reported net income of $2.7 million in 2020. Depreciation for the year was $162,300, accounts receivable decreased

$357,400, and accounts payable decreased $296,500. Compute net cash provided by operating activities using the indirect method.
Business
1 answer:
vovikov84 [41]2 years ago
5 0

Answer:

See below

Explanation:

Computation of net cash provided by operating activities using the indirect method

Cash flow from operating activities

Net income

$2,700,000

Adjustments to reconcile net income

Add: Decrease in accounts receivable

$357,400

Less: Decrease in accounts payable

$296,500

Add: Depreciation expense for the year

$162,300

Net cash provided by operating activities

$2,923,200

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Answer:

r = 13.68%

Explanation:

We can use Gordon growth model to calculate the stock price.

P = Do x (1+g) / r - g

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By inputting the number into the above equation, we have the following:

95 = 5 x 1.08 / (r - 0.08)

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3 years ago
A city with a 12/31 fiscal year-end requires that restaurants buy a license, renewable yearly. Proceeds of the license fees are
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Answer:

c) $210

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2 years ago
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dybincka [34]

Answer:

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Answer:

Go-round

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Option B      

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