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4 years ago

Kennedy, Inc. reported the following data:

Business

1 answer:

Degger [83]4 years ago

4 0

Answer:

The cash flows from operating activities section of the statement of cash flows using the indirect method is $172,475.

Explanation:

Kennedy, Inc.

Statement of cash flows (extract)

Net income $179,562

Add: Depreciation expense 15,511

Loss on disposal of equipment 11,046

Less: Gain on sale of building (21,801)

Increase in accounts receivable (8,734)

Decrease in accounts payable (3,109)

Cash flows from operating activities $172,475

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Treasury Stock Transactions SprayCo Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On M

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Answer: Please see explanation column for answers.

Explanation:

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4 years ago

A laser surgical tool has a cost basis of $100,000 and a five-year depreciable life. The estimated SV of the laser is $20,000 at

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Answer:

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Explanation:

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3 years ago

frontier corp. has fixed costs of $300,000 and profit of $150,000. if sales increase 20%, by how much will profits increase?

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Fixed costs of $300,000 and profit of $150,000. if sales increase 20% The profits increase 60%.

<h3>How much will profits increase?</h3>

$300,000 plus $150,000 equals $450,000 in contribution margin.

$300,000 + $150,000 = $450,000.

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The profits increase 60%.

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By increasing revenues, such as through the sale of additional products or services or by raising pricing, businesses can raise their net margin. By cutting costs, businesses can raise their net margin.

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