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3 years ago

Kennedy, Inc. reported the following data:

Business

1 answer:

Degger [83]3 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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aleksandr82 [10.1K]

Answer:

TRUE

Explanation:

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3 years ago

After 8 years of working for a company that installed underground sprinkling systems for golf courses, Trevor was ready to ventu

BARSIC [14]

Answer:

B. two strengths and one threat

Explanation:

SWOT is an acronym that stands for strengths, weaknesses, opportunities and threats.

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In the given case, availability of finance/capital conveys strength and so does availability of skilled installers.

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2 years ago

How would the Supply of cars change, given an increase in the price of steel.

lana [24]

Answer:

car production would decrease or slow down rapidly due to most car parts being made of steel, such as steering and suspension parts

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2 years ago

Cannon Co. has a unit selling price of $500, variable cost per unit $300, and fixed costs of $240,000. Compute the break-even po

Furkat [3]

Answer:

Break-even point= 1,200 units

Break-even point (dollars)= $600,000

Explanation:

Giving the following information:

Cannon Co. has a unit selling price of $500, variable cost per unit $300, and fixed costs of $240,000.

To calculate the break-even point in units, we need to use the following formula:

Break-even point= fixed costs/ contribution margin

Break-even point= 240,000/ (500 - 300)

Break-even point= 1,200 units

To calculate the break-even point in dollars, we need to use the following formula:

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 240,000/ (200/500)

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3 years ago

In 2003, the fraudulent accounting practices at ____________, a Houston-based energy company, was the largest of several busines

oksano4ka [1.4K]

Answer: Enron

Explanation:

Enron scandal was an accounting scandal that involved Enron Corporation, which was an American energy company that was based in Houston, Texas.

Enron hid huge amount of trading losses, which led to its bankruptcy. The company used fraudulent accounting practices in order to inflate the revenue of the company and.hid the debt that the company incurred.

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2 years ago