The summer internship is five weeks long, approximately 30 hours per week for 150 hours total.

A company had net income of $210600. Depreciation expense is $27000. During the year, Accounts Receivable and Inventory increase

ANTONII [103]

Answer: The amount of cash provided by operating activities is $179,600.

Explanation:

Statement of cash flows for the company

Net income $210,600

Add Depreciation expense 27,000

Add Loss on sale of equipment 1,800

Increase in Accounts receivable (16,900)

Increase in Inventory (41,700)

Decrease in Prepaid expenses 5,000

Decrease in Accounts payable (6,200)

Cash flows fron operating activities $179,600

7 0

3 years ago

A master budget ________. A. is the initial plan of what the company intends to accomplish in the period and evolves from both

yaroslaw [1]

Answer:

The correct answer is option D) A Master Budget is is a substitute for the management functions of planning and coordination.

Explanation:

A master budget is not the initial budget a company makes, It is the final budget that incorporates all other specific budgets such as financial budget, operational budget, production budget, marketing budget and ore.

It serves a central planning tool that a management team uses to direct the activities of a company, set targets and execution strategy.

It also provides a framework to judge performance for respective departments.

4 0

3 years ago

Read 2 more answers

Suppose apples come in two quality levels, low quality and high quality. At a store in the apple-growing region, the price of

dedylja [7]

Answer:

Yes.

Explanation:

Given that,

Price of low-quality apples = $1 per pound

Price of high-quality apples = $4 per pound

Marginal utility of low-quality apples = 3 utils

Marginal utility of high-quality apples = 12 utils

Equimarginal:

(Marginal utility of low quality apples ÷ Price per apple) = (Marginal utility of high quality apples ÷ Price per apples)

(3 utils ÷ $1) = (12 utils ÷ $4)

3 = 3

Yes, Timmy is maximizing his utility as his equimarginal utility is same for both the goods as shown above.

5 0

3 years ago

Anyone there PLAESe responed

Eva8 [605]

Answer:

I'm on here most of the time.

Explanation:

If you'd like, I'll try to answer all of your questions! Just give me the word. :)

8 0

3 years ago

Grainger Company is a major automotive parts manufacturer operating in six countries. It has no restrictions on stock sales and

alisha [4.7K]

Answer:

The correct word for the blank space is: public.

Explanation:

A public corporation has sold stock through an Initial Public Offering (IPO) to the public and that stock is currently traded on a public stock exchange or the Over-The-Counter (OTC) market. The ability to sell public shares is very important to these businesses as it provides them with a source of capital for investment.

5 0

3 years ago