All categories

3 years ago

Portions of the financial statements for Myriad Products are provided below.

Business

1 answer:

pychu [463]3 years ago

6 0

Answer:

MYRIAD PRODUCTS COMPANY

Cash flow from Operating Activities

($ in millions)

Net Income $ 113

Adjustment of non-cash items :

Depreciation expense $72

Patent amortization expense $5

Loss on sale of land $3

Adjustment to Changes in Working Capital :

Decrease in Accounts receivable $14

Decrease in Inventory $12

Increase in Accounts payable $8

Decrease in Salaries payable ($8)

Increase in Interest payable $7

Increase in Income taxes payable $7

Net Cash Provided by Operating Activities $219

Explanation:

The Indirect method reconciles the Net Income and Operating Cash flow by adjusting for non- cash items and changes in working capital during the year.

You might be interested in

Suppose at her current level of consumption, a person enjoys going to an additional baseball game three times as much as seeing

AleksAgata [21]

Answer:

The person is NOT spending her income for both goods in a manner that maximizes her satisfaction.

Explanation:

Based on the information given The person is NOT spending her income for both goods in a manner that maximizes her satisfaction which means that she would have to INCREASE baseball games consumption and DECREASE movies consumption reason been that we were told that an individual enjoys going to baseball game three times compare to seeing new movie which therefore means The price of the ticket for a baseball game which is the amount of $30 should be increase while the price of a ticket for a movie which is the amount of $15 should be decrease.

3 0

3 years ago

J Corporation has two divisions. Division A has a contribution margin of $79,300 and Division B has a contribution margin of $12

Allushta [10]

Answer:

Net income= $98,200

Explanation:

Giving the following information:

Division A:

The contribution margin of $79,300

Division B:

Contribution margin of $126,200.

The total traceable fixed costs are $72,400 and total common fixed costs are $34,900.

To calculate the net operating income, we need to deduct from the combined contribution margin the fixed costs.

Net income= (79,300 + 126,200) - 72,400 - 34,900

Net income= $98,200

7 0

3 years ago

The possibility of the endless cyclical preference is eliminated by the property of:

Lelechka [254]

The possibility of the endless cyclical preference is eliminated by the property of: Transitivity
the property of transitivity follow this exact equation
If a=b ; and b=c ; therefore a=c
This very nature of preference is a core principle of human's opinion, which influence us in making our own choices/

5 0

4 years ago

Ordinary simple interest brings increased revenue to the lender. The general practice

densk [106]

Answer:

Exact = $34.5

Ordinary = $35

Explanation:

Given that :

Principal, P = $1500

Interest rate = 14% = 0.14

Number of days = 60

For exact :

Exact simple interest uses 365 days :

Simple interest = principal * rate * time

Simple interest = $1500 * 0.14 * 60 / 365 = 34.520547 = $34.5

For ordinary simple interest :

Simple interest = principal * rate * time

Simple interest = $1500 * 0.14 * 60 / 360 = $35

6 0

3 years ago

Name and briefly describe the three essential principles of test construction

Alika [10]

Three essential principles of test construction are:
1. consistency. It refers to the consistency between the goal of the subject, course, and the methods of teaching goals. Also consistency between the methods and what the test measures. 
2. validity. Validity refers to the ability of a test to measure what it was designed to measure. It can be material od skill.
3. reliability. The test must be constructed in such a way that it will produce reliable, consistent results .

7 0

4 years ago