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Monica [59]
2 years ago
12

In 2020, Metlock Corporation had net cash provided by operating activities of $569,000, net cash used by investing activities of

$988,000, and net cash provided by financing activities of $595,000. At January 1, 2020, the cash balance was $331,000.
Required:
Compute December 31, 2020, cash.
Business
1 answer:
Mashcka [7]2 years ago
3 0

Answer:

See below

Explanation:

The cash balance as at the end of December 31 2020 is the net cash provided by operating activities, less net cash used by investing activities plus net cash provided by financing activities plus the beginning cash balance as at January 1, 2020

Net cash provided by operating activities = $569,000

Net cash used by investing activities = $988,000

Net cash provided by financing activities = $595,000

Beginning cash balance = $331,000

Closing cash balance = $569,000 - $988,000 + $595,000 + $331,000

Closing cash balance = $507,000

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In the U.S. Government a Senator's term length is a total of 6 years elected every 2 years. at the age of 30 and can serve a total of 3 terms.
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At a meeting to announce a merger with another company, which of the following buzzwords is a business leader MOST likely to use
lora16 [44]

Answer: The buzzword to be used is <u>synergy</u>

<u>Explanation:</u>

Synergy means that two or more than two organisations combine their efforts. They decide to cooperate with each other so that they can produce better results compared to what they produce when they are separate.

When one company decides to merge with the other company, they decide to combine their resources. They take combined decisions so that they can work for their own betterment and to improve the productivity.

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2 years ago
The income statement and the cash flows from the operating activities section of the statement of cash flows are provided below
Natasha_Volkova [10]

Answer and Explanation:

The preparation of the schedule to reconcile the net income to net cash flow from operating activities is presented below:

Cash from operating activities    

Net income           $24

Adjustment to reconcile    

Add: Depreciation expense         $11.5

Add: Depletion expense         $5.4

Less: Gain on sale of Equipment      -$17.5

Add:  Loss on sale of land         $7.3

Less: increase in account receivable ($292.30 - $228) -$64.30

Add:  increase in accounts payable ($177.60 - $165)   $12.6

Add: increase in salaries payable ($29 - $24)  $5

Add: decrease In prepaid insurance ($18.7 - $14.3) $4.4

Add: Decrease in bond discount ($12.3 - $10.4)  $1.9

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6 0
2 years ago
On January 1, 2021, Everglade Company purchased the following debt securities and properly accounted for them as securities avai
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Answer:

Unrealized gain = $12,000

Explanation:

Security    Cost A     Fair value B    Unrealized amount (B-A)

ABC          $40,000    $55,000                 $15,000

DEF           $72,000    $65,000                -$7,000

XYZ           $16,000     $20,000                 <u>$4,000</u>

                                                        Total    <u>$12,000</u>

So, the unrealized gain to be recorded is $12,000

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3 years ago
In contingency planning, a(n) _________ that threatens the security of the organization's information is called an _________
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Answer:

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