a company's income statement showed the following: net income, $132,000 and depreciation expense, $32,400. the company's current assets and current liabilities showed the following changes: accounts receivable decreased $10,200; merchandise inventory increased $19,600; and accounts payable increased $4,200. calculate the net cash provided or used by operating activities.
Answers
The net cash provided or used by operating activities is $150,800. This indicates the overall cash generated or used in the company's day-to-day operations during the specified period.
To calculate the net cash provided or used by operating activities, we need to consider the changes in current assets and current liabilities, as well as the net income and depreciation expense. Here's how we can calculate it step-by-step:
Start with the net income: $132,000.
Add back the depreciation expense, as it is a non-cash expense: + $32,400.
Adjust for changes in current assets:
Accounts receivable decreased by $10,200, which means cash was collected: + $10,200.
Merchandise inventory increased by $19,600, which means cash was used to purchase inventory: - $19,600.
Adjust for changes in current liabilities:
Accounts payable increased by $4,200, which means cash was used to pay off the liabilities: - $4,200.
Calculate the net cash provided or used by operating activities:
Net income + Depreciation expense + Changes in current assets - Changes in current liabilities.
Net cash provided or used by operating activities = $132,000 + $32,400 + $10,200 - $19,600 - $4,200.
Net cash provided or used by operating activities = $150,800.
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Related Questions
Genovese Contracting, Inc., agrees to build a warehouse for Hawthorne Wholesale Distributors. When Genovese runs into the types of difficulties that contractors ordinarily confront, Hawthorne agrees to pay extra compensation to overcome them. Regarding the agreement to pay more, a court would likely:
Answers
A court would likely view the agreement between Genovese Contracting, Inc. and Hawthorne Wholesale Distributors to pay extra compensation for overcoming difficulties as an enforceable contract modification. Contract modifications are common in construction projects, especially when unforeseen issues arise.
In this case, Genovese agreed to build a warehouse for Hawthorne and encountered typical construction difficulties. Hawthorne's agreement to pay extra compensation demonstrates a mutual understanding between both parties to adjust the terms of the original contract. This is a valid consideration, which is required for a contract modification to be enforceable. However, it is important to note that the enforceability of the modified agreement would depend on whether the modifications were made in good faith, and if the difficulties faced by Genovese were not a result of their own negligence or failure to perform. If these conditions are met, the court would likely uphold the agreement to pay more as a valid contract modification.
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3. ______ are defined as goods or services that are required for health and safety.
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Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
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salvador supervises ten sales associates at a large retail store. what is salvador's management level?
Answers
Based on the information provided, Salvador's management level would be considered first-line or front-line management.
This level of management is responsible for supervising non-managerial employees who are involved in the day-to-day operations of the organization, such as the sales associates in this case.
First-line managers are typically responsible for tasks such as training, scheduling, and evaluating the performance of the employees they supervise. They are also responsible for ensuring that organizational policies and procedures are followed and for communicating with upper management about any issues or concerns that arise.
Front-line managers are typically responsible for overseeing the daily operations of an organization, including the activities of front-line employees, who interact with customers directly and provide essential business services.
Overall, first-line managers play a critical role in ensuring that an organization runs smoothly and efficiently, and they are often the first point of contact for employees who need guidance or assistance.
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Planing is the primary function of management.discuss
Answers
Explanation:
it is a primary function of management because it help in making the business and it makes it easier for the employees and everyone involved in the business in the workforce to see what is going to happen in the business and it's important for making decisions and such as trading and different types of that can a decision so it can also make it easier for the employees and the whole business to run smoothly because if you have a plan for everything then you can easily basically just you know work according to your needs and you can just flourish as a business
Employees who are paid a set annual wage regardless of the number of hours worked or the amount of work completed are paid on a(n) _____ basis
Answers
Answer:
Employees who are paid a set annual wage regardless of the number of hours worked or the amount of work completed are paid on a SALARY basis. Salary system of compensation is often based on qualifications, seniority, experience and the degree of difficulty of the job that the staff is executing.
HELPPPP. In business, cash overages are
(A) revenue.
(B) expenses.
(C) assets.
(D) liabilities
Answers
Answer:
A. Revenue
Explanation:
Shortages are losses
Overages are gains or revenue
Companies that market products with similar features, benefits, and prices to the same customer group are known as ____ competitors. Group of answer choices product generic total budget brand monopolistic
Answers
Companies that market products with similar features, benefits, and prices to the same customer group are known as "monopolistic competitors."
This means that they have some degree of control over the price and quality of their products, but they are still competing with other companies in the same market.
This type of competition is common in industries such as fast food, clothing, and personal care products, where there are many different brands offering similar products to the same customer group.
The monopolistic competition allows companies to differentiate themselves from their competitors through branding, marketing, and other strategies, while still competing on price and quality.
However, it can also make it difficult for new companies to enter the market, as established brands have already captured a significant share of the market.
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The items below list several e-mail practices. If the practice describes something workers should do when using e-mail for business purposes, select Do. If the practice describes something workers should not do when using e-mail for business purposes, select Don't.
include a signature.
include lots of exclamation marks to get your point across.
include the thread of previous messages.
make e-mail messages brief.
always mark messages as urgent so your e-mails will be read first.
use a relevant subject line.
use all capital letters when the message is urgent.
Answers
Answer:
do
don't
do
do
don't
do
dont
What is an inspection of a filer's tax return by the IRS called?
Answers
Answer:
Audit
Explanation:
When the IRS inspects a filed tax return it is called an Audit
which of the following describes the term productivity
Answers
Productivity is the measurement of physical output relative to each unit of input, typically expressed in labour hours.
What is Productivity?
Productivity refers to the efficiency with which goods or services are produced. Productivity can also be expressed as a ratio of the entire output to a single input, the sum of all the inputs utilised in a production process, or the output per input, usually over a defined time period. The (aggregate) measure of labour productivity, using GDP per worker as an example, is the most common illustration. The selection of a productivity definition (including those that do not refer to ratios of output to input) depends on the goal of the productivity assessment and/or the availability of data. The main cause of variation across productivity metrics is frequently (directly or indirectly) connected to how the inputs and outputs are combined to produce such a ratio-type productivity indicator.
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If the incorporator makes a serious mistake in the process of incorporation the business, such as not filing the articles of incorporation with the secretary of state, the courts may still recognize the corporation as a(n) _______ corporation. Multiple Choice de facto executory implied de jure
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A De facto corporation is a term used by courts to show the events in which a business organization that has failed in its effort to be a de jure corporation which is a corporation by law. but it will still be treated as a corporation. The courts may still recognize the corporation as a De facto corporation.
A De facto corporation is simply known as a type of corporation which is organized with beautiful compliance with the requirements of incorporation and allowed to stand and exercise the powers of a corporation until its existence is backed up by the State.It shows that there is an extent of legal recognition of a corporation, even if its articles of incorporation may not have been filed correctly.
Conclusively, A De facto corporation is one where parties who tried to establish it must act in hope and must be running their business as a corporation.
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when doing a competitive market analysis, an agent looks at all but which of the following factors?
Answers
When conducting a competitive market analysis, an agent looks at various factors to determine the property's value. However, they typically do not consider the factor, as it doesn't relate to the property or market conditions. Instead, they focus on factors such as comparable properties, location, property size, age, and market trends to create a comprehensive analysis for their clients.
During a competitive market analysis, an agent looks at a variety of factors that can impact the value and competitiveness of a property. These factors include comparable properties in the area, recent sales data, market trends, and property features. However, there is not a specific factor that an agent would exclude from consideration. The purpose of a competitive market analysis is to provide an accurate and comprehensive understanding of the local real estate market, which can help sellers price their property competitively and make informed decisions about the sale. In answering this question, it is important to note that there is no "but" in the prompt that suggests a factor is being excluded from consideration.
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Do you think that employers have a right to judge an applicant attitude when hiring? Give a reason for your answer
Answers
Hope this helps :)
what factors determine the elasticity of resource demand?
Answers
Answer:
the rate of decline of mp
"The importance of international employment is huge for the countries like Nepal" .explain
Answers
Explanation:
what will you do if we solve the answers. so,solve problem your self .if it is your home problem you wouldn't ask us and solve it. so solve your questions your self .thankyou if you like my answer like
. Suppose you are choosing between a checking account with a $0.40 per-check fee and no monthly fee or an account with free checking and a $6.50 monthly fee. What is the minimum number of checks you need to write for the monthly fee to be a better option?
Answers
Answer:
You answer should be 17
Explanation:
If you write 17 checks for $0.40 your would pay $6.80 at the end of the month, which then makes the one with a monthly fee a better option.
Name the two main types of fraud in the financial sector?
Answers
The most common scams in financial sector are embezzlement and identity theft.
Identity theft is one of the most well-known types of financial crime. When someone uses another person's identifying information without that person's consent, it is called identity theft.
This can include, among other information, names, credit card numbers, and social security numbers. Identity thieves frequently exploit the information they get to perpetrate fraud or other crimes.
Your information may be used by others to make credit applications, file tax returns, obtain healthcare, or even just to shop. Embankment is a prevalent instance of financial fraud.
A person who has been given access to property, money, or other assets commits this white-collar crime by misusing or stealing such resources for personal gain. When someone has legal access to another person's money or property, like in the workplace, embezzlement frequently happens.
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Type the correct answer in the box. Spell all words correctly.
What is a continuous discussion to bring out innovative ideas from employees?
A _____ session is a continuous discussion to bring out innovative ideas from employees. (Using Plato for this)
Answers
The name which is given to the session that is a continuous discussion to bring out innovative ideas from employees is called:
BrainstormingAccording to the given question, we are asked to state the name which is given to the session that is a continuous discussion to bring out innovative ideas from employees.
As a result of this, we can see that when a group of workers sit down together to bring out a new idea that would be innovative to their company, then we can say that they are brainstorming because they bring ideas that would improve overall business and profit
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Distinguish among corporate, business, and functional strategies. how does each strategy relate to hrm? why?
Answers
Corporate, business, and functional strategies are the three levels of strategic management that run across the organization and somehow, relate to Human Resource Management (HRM).
Corporate Strategy: It involves top-level management and represents the big-picture goal of an organization.
How: HRM takes a key role in shaping the corporate strategy of the organization and also ensures that the organization as a whole is working together to reach its goals.Why: The role of HRM directly contributes to the future success of the organization as HRM ensures that all actions are planned and integrated with the corporate strategy.
Business Strategy: It defines competitive advantages for each business department by delivering goods and values to customers based on the current market trend.
How: HRM analyzes the current market trends and aligns the organization working with those trends as well as provides the required resources.Why: HRM gives the organization an edge to compete by maximizing productivity and introducing products and services to the market before the competitors.
Functional Strategy: It is a detailed working plan for achieving the organization’s goals within each business department.
How: HRM aligns goals from the top of the organization all the way down to the individual employees for increasing performance. Why: When employees with required skills are recruited it affects business in positive ways since human is the most valuable resource.You can learn more about company strategy at
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Team players are sought-after employees
True
False
Answers
Answer:
true,
Explanation:
when CEO robert nardell took over home depot in 2000, there was central control. store managers acted independently and costs were higher than competitors like lowes. nardell changed the culture to focus on central control and cutting costs. to control costs, store managers were not allowed to choose products for local customers. employees os their customer-focused attitudes, and customer service suffered. to repair this , the next CEO, frank blake , sought to restore the "orange apron" culture. what does this example best illustrate?
Answers
Answer:
corporate culture is chosen by senior management in middle managers and employees have little control over it
Explanation:
I believe this is the answer because based off what it said the employees and managers were not allowed to choose products
help me please please
Answers
Answer:
A). compound interest
Explanation:
Hope that helped you :)
Answer:
Simple interest
Explanation:
I believe it's simple interest
Please hurry!!!
how can a small company benefit from writing a marketing plan?
Answers
Answer:
One Page Marketing
Explanation:
One Page Marketing Plan can help simplify and maximize your marketing efforts as well as help you create an actionable to reach your business goals.
Describe how the three factors of individual values, organizational factors, and opportunity may have contributed to the misconduct.
Answers
Answer:AAA
Explanation:A
The scandal that occurred at the air force is showed to have been caused by organizational pressure which forced candidates at the academy to cheat so as to pass their tests. So, the organizational factor is consider on the situation.
What do you mean by the Organizational factor?Operational characteristics, procedures, or conditions within an organisation can be considered of as organizational influencing factors.
Structure and philosophy, team resources and administrative support, as well as communication and coordination systems, are all organizational elements that may effect collaboration.
Therefore, the scandal that occurred at the air force is showed to have been caused by organizational pressure which forced candidates at the academy to cheat so as to pass their tests. So, the organizational factor is consider on the situation.
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flora Quinton is buying a new air compressor for her auto repair shop. it sells for $1,299. She makes a down payment of $199 and finances the remainder. How much does she finance?
Answers
Answer:
$1,100
Explanation:
flora Quinton is buying a new air compressor for her auto repair shop. it sells for $1,299. She makes a down payment of $199 and finances the remainder. How much does she finance?
1,299 - 199 = 1,100
FIRST ANSWER WILL BE NAMED BRAINLIEST
Which action would effectively and appropriately address a budget deficit?
A. reduce income
B. reduce expenses
C. apply for bankruptcy
D. apply for new credit
Answers
Answer:
It is letter B
Explanation:
Reducing expenses would effectively and appropriately address a budget deficit. Thus option B is correct.
What is the budget?A budget is a financial plan that projects future earnings and costs. A budget, put simply, forecasts future finances in addition to anticipated revenues and expenditures. Calculating the company's earnings and costs for a set period of time is the procedure for creating a budget.
Increasing tax rates while decreasing government expenditures are the two apparent ways to minimize a budget deficit. the reduction of government spending and/or the raising of taxes, which results in either a rise in the primary surplus or a decrease in the budget deficit. greater taxes and less funding by the government. If public spending is lower than tax receipts, a budget surplus results.
Therefore, option B is the correct option.
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Which of the following is not a step in the marketing research process?
O a. Estimate sales
O b. Interpret the information
O c. Make a preliminary investigation
O d. Gather factual information
Answers
The correct answer is option (a) Estimate sales.
The practice of assessing the viability of a new good or service through interviews with prospective customers is known as market research. With the aid of this technique, businesses and organizations may identify their target market, gather and record customer feedback, and arrive at well-informed conclusions.
In a marketing research process, it includes only the steps involving the study of the market and interpreting information based on that.
In the given question, a market research process always includes the steps like gathering factual information, making a preliminary investigation and interpreting the information that was achieved through the market study. But, in a market research process, there is no work of sale estimation. Sales estimation is an end process and marketing research is a beginning process. Sales value may fluctuate and to derive a correct sales estimation, there needs to be a proper marketing research.
Therefore, estimating sales is not a part of a marketing process, hence, option (a) is the correct answer for this question.
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Workplace technology is relied upon by businesses to increase
O A. Employee turnover
O B. Philanthropy
O C. Efficiency and effectiveness
O D. Malfunction and futility
Answers
Answer:
C
Explanation:
Workplace Technology focues on maximizing effency to increase profit margines
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How often is the annual inventory turnover for items like potatoes, corn, oil and seed, which are all perishable?
Answers
Answer:
200 times
Explanation:
Inventory turnover means how many times a business has sold and bought inventory for a period, in this case annually(annual inventory turnover). From the above, the perishables often have annual inventory turnovers of 200.To calculate annual inventory turnover such as for perishable goods tomatoes, given cost of goods(tomatoes) we calculate average turnover =beginning inventory +closing inventory /2. We then divide cost of goods by average turnover to get inventory turnover
Which buyer type has an open mind and tends to take chances on new products without hesitation?
a. ready buyer
b. logical buyer
c. stubborn buyer
d. emotional buyer
Answers
Answer:
A
Explanation: