The net income reported on the income statement for the current year was $290,000. depreciation recorded on equipment and a building amounted to $150,500 for the year. balances of the current asset and current liability accounts at the beginning and end of the year are as follows: end of year beginning of year cash $117,600 $135,000 accounts receivable (net) 132,500 141,100 inventories 291,900 274,300 prepaid expenses 5,600 7,100 accounts payable (merchandise creditors) 143,400 172,400 salaries payable 11,300 6,300 question content area a. prepare the cash flows from (used for) operating activities section of the statement of cash flows, using the indirect method. use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments.

Answers

Answer 1

The cash flows from operating activities using the indirect method is $398,000.

To prepare the cash flows from the (used for) operating activities section of the statement of cash flows using the indirect method, we need to adjust net income for non-cash items and changes in working capital:

1. Start with net income: $290,000
2. Add depreciation: $150,500
3. Adjust for changes in current assets and current liabilities:
  - Decrease in accounts receivable: $141,100 - $132,500 = $8,600
  - Increase in inventories: $274,300 - $291,900 = -$17,600
  - Decrease in prepaid expenses: $7,100 - $5,600 = $1,500
  - Decrease in accounts payable: $172,400 - $143,400 = -$29,000
  - Increase in salaries payable: $6,300 - $11,300 = -$5,000

Now, calculate the net cash provided by operating activities:
$290,000 (net income) + $150,500 (depreciation) + $8,600 (Δ accounts receivable) - $17,600 (Δ inventories) + $1,500 (Δ prepaid expenses) - $29,000 (Δ accounts payable) - $5,000 (Δ salaries payable) = $398,000.

The cash flows from operating activities using the indirect method is $398,000.

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Related Questions

a customer has worked her way through the decision-making process steps and is now in the final selection process. she is discussing the specific terms of the sale with a salesperson. which set of imc tools are especially useful at this stage?

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In a case whereby a customer has worked her way through the decision-making process steps and is now in the final selection process the set of imc tools that are especially useful at this stage are:

discounts sales promotions testimonials

What is the Integrated Marketing Communications?

Integrated Marketing Communications can be described as the planning process  that is been set up so as to assure  that all brand contacts received by a customer or prospect for a product.

However this can be seen to be relevant to that person and consistent over time.”

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Which of the following is characteristic of a centrally planned economy?

Answers

I don’t know this one

how did simon cowell get famous

Answers

Answer:

After some success in the 1980s and 1990s as a record producer, talent scout and consultant in the UK music industry, Cowell came to public prominence in 2001 as a judge on Pop Idol, a show which he and its creator Simon Fuller successfully pitched to ITV Controller of Entertainment Claudia Rosencrantz.

Explanation:

answer =

worked as a record producer, talent scout & consultant within UK music industry

before producing the hit British TV show Pop Idol and it’s U.S counterpart, American Idol -

Cowell’s scathing comments were famous during his nine seasons as a judge on American Idol

He has success the year of 1980s & 1990s - he came to the Public prominence in 2001 asa huge on Pop Idol / A show which he and its creator Simon Fuller successfully pitched to ITV controller of Entertainment Claudia Rosencratz .

how do you wrrite the word pneumonoultramicroscopicsilicovolcanoconiosi aand what does it mean?

Answers

Answer:

Pneumonoultramicroscopicsilicovolcanoconiosis

Explanation:

Pneumonoultramicroscopicsilicovolcanoconiosis is a phrase used to describe a lung condition produced by inhaling silica dust, as in I had difficulty breathing and my doctor diagnosed me with pneumonoultramicroscopicsilicovolcanoconiosis.

In a​ __________ installation, the new system is used simultaneously with the old system for a period of time until all problems and issues with the new system have been identified and fixed.A. directB. plungeC. pilotD. phasedE. parallel

Answers

In a parallel installation, the new system is used simultaneously with the old system for a period of time until all problems and issues with the new system have been identified and fixed.

During a parallel installation, both the old and new systems operate concurrently, allowing users to gradually transition to the new system while still relying on the existing system as a backup. This approach provides a safety net as any issues or errors encountered in the new system can be addressed without disrupting the organization's operations. It allows for a thorough testing and evaluation of the new system's functionality, compatibility, and performance before fully transitioning away from the old system. Once all problems are resolved and users are confident in the new system's reliability, the organization can complete the migration process and fully adopt the new system, retiring the old system.

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Which investment has the least liquidity? mutual fund house checking account small business

Answers

Answer:

I think it's D

Explanation:

A small business.

Small business has the least liquidity. Hence, the correct option is small business.

What is Liquidity?

Liquidity is the term which tells us about the time duration needed to convert the investment into cash as quickly as possible.

The small business is not a type of investment. The investor can invest in the corporation, but the investor can get their money after the dissolution of the company and maybe getting the money back after selling the shares of the corporation which takes time. It is the least liquid.

The investment which has high liquidity, the investor prefers those investment. The investment which has the least liquidity, the investor does not prefer those investment. The investor invest in that type of investment which is providing high liquidity. So that in case of emergency, the investor easily sale his investment and get the money

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Place the steps for proper lifting technique in the correct order. --Select-- --Select-- --Select- --Select-- --Select- --Select-​

Answers

Answer:hold up

Explanation:

What does deficit spending require a government to do?

lay off workers
cut taxes
take on debt
hire more workerscy

Answers

Answer:

c. TAKE ON DEBT

Explanation:

A deficit spending require a government to: C. take on debt.

What is deficit spending?

A deficit spending can be defined as a situation in which the expenditure of government exceed the amount of money generated as revenues over a fiscal period.

This ultimately implies that, deficit spending typically occurs when government's expenditure is greater than its revenue over a specific period time.

Consequently, government tends to resort to borrowing or taking debt when there is deficit spending in its budget.

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A bank employee shared a customer's financial information with other businesses without first informing the customer. what law did the employee break? a. fair credit reporting act b. community reinvestment act c. federal deposit insurance act d. fair and accurate credit transactions act e. gramm leach bliley act

Answers

The Gramm-Leach-Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999, was broken by the bank employee. Thus the correct answer is option E.

Federal legislation known as the GLBA governs how financial institutions, including banks, manage and safeguard customers' non-public personal information.

Financial institutions are required under the GLBA to have established information security programs, including policies and procedures to guard against unauthorized access to, use of, disclosure of, or destruction of client non-public personal information. In particular, the GLBA mandates that financial institutions offer clients annual privacy warnings and give them the option to refuse certain information releases.

The GLBA's restrictions on customer privacy are violated by the employee's sharing of the customer's financial information with other businesses without the customer's consent.

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How did the goal described in this excerpt most affect the u. S. Economy?.

Answers

The described goal that most affect the economy according to the excerpt is when Federal Reserve raised interest rates to control inflation.

What was described in the excerpt?

The excerpt quoted George Bush speech about the Iraqis and how their relationship with Saddem Hussein will most affect them and their economy.

However, the goal that most affect the economy according to the excerpt is if Federal Reserve raised interest rates to control inflation.

Therefore, the Option A is correct.

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Do you think Ruby should change the payment method she uses for her employees? Justify your answer.

Give me the real answers or you will not be able to get brainlist ​

Answers

Answer:

Yes ✌️✌️✌️✌️✌️

Remy is applying for a job where the employer asks that a cover letter and résumé be submitted. Remy should:
a.
Attach letters of recommendation also
b.
Send the cover letter first, and the résumé later
c.
Submit only the cover letter and résumé
d.
Send the cover letter as an attachment


Please select the best answer from the choices provided

A
B
C
D

Answers

Answer:

Its C

I took the test

Answer: c

Explanation: I got you

Objective and subjective product criteria are developed during the ________ stage of the purchase decision process so that the decision can be made in the next stage.

Answers

Objective and subjective product criteria are developed during the alternative evaluation stage of purchase decision.

What is alternative evaluation?

Alternative evaluation is the the third stage in the consumer buying decision. It refers to the stage in the buying decision process in which the buyer uses information gathered to make a final choice between the products in the evoked set.

The alternatives should reflect  different approaches to the problem or different priorities across objectives, and should present decision makers with real options and choices

Hence, objective and subjective product criteria are developed during the alternative evaluation stage of purchase decision.

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Choose the best definition for the word continent.

A. One of the world's four largest bodies of water.

B. A measurement of a location's distance to the north or south of the Earth's Equator.

C. The art of using measurements to move from one location to another.

D. One of the earth's seven large land masses.

Answers

Answer: D


Expansion: defined as one of the seven main land masses on Earth.

Jill sold her car to Jake who issued a post-dated check in full payment of the
agreed price. Before the check matures, Jake sold the same car to John who
later sold it to Willie. However, when Jill presented the check for payment,
it was dishonored by the drawee bank for the reason that Jake had already
closed his account even before he issued his check.
Jill filed a case to recover the car from Warren claiming that she had been
unlawfully deprived of it by reason of Jake’s deception.
Will the suit prosper? Why or why not? Explain your answer. Please include the applicable articles.

Answers

The suit will not prosper and Jill cannot recover the car from Willie.

No, the suit will not prosper. This is because the sale between Jill and Jake was valid and binding. According to Article 1485 of the Civil Code of the Philippines, "The unpaid seller of goods loses the right of lien thereon and of stoppage in transitu and the right of resale as limited by this Title when he delivers the goods to a carrier or other bailee for the purpose of transmission to the buyer without reserving the ownership in the goods until their price is paid or tendered."

In this case, Jill delivered the car to Jake without reserving the ownership until the check is paid. Therefore, she lost her right of lien and the right of resale. Jake, as the new owner, had the right to sell the car to John, who then sold it to Willie.

Furthermore, Article 1249 of the Civil Code states that "The delivery of promissory notes payable to order, or bills of exchange or other mercantile documents shall produce the effect of payment only when they have been cashed, or when through the fault of the creditor they have been impaired." This means that the check issued by Jake did not produce the effect of payment until it was cashed. However, Jill cannot recover the car from Willie because she lost her right of lien and the right of resale when she delivered the car to Jake without reserving the ownership until the check is paid.

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Visualization is a reading strategy that can help you ____________.a.see the exact words from a page of text that is not in front of youc.organize a sequence of events from your notesb.memorize geometryd.read faster

Answers

Visualization is a reading strategy that can help you c. organize a sequence of events from your notes.

How does visualization serve as a reading strategy for organizing a sequence of events from your notes?

When using visualization as a reading strategy, individuals mentally create images or visual representations of the information they are reading.

By visualizing and organizing a sequence of events from their notes, readers can better understand and remember the chronological order or flow of information.

Visualization helps in creating a mental map of the events or concepts being read. It allows readers to connect different pieces of information, identify relationships between them, and form a coherent understanding of the subject matter.

By visually organizing the sequence of events, readers can enhance their comprehension and retention of the material.

This reading strategy is particularly useful for subjects that involve timelines, narratives, or any form of sequential information.

It enables readers to mentally "see" the order of events, making it easier to follow the narrative or track the progression of ideas.

By engaging in visualization while reading, individuals can enhance their comprehension, recall, and overall understanding of the material, as it provides a visual framework for organizing and making sense of the information presented.

Therefore, visualization as a reading strategy can help individuals organize a sequence of events from their notes, enabling better understanding and retention of the material.

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Which property will control page breaks in a report

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The property that will control page breaks in a report is the "page-break-before" property.

This property is used to specify whether a page break should occur before an element. You can also use the "page-break-after" property to specify whether a page break should occur after an element. These properties can be set to "auto", "always", "avoid", "left", or "right" to control the behavior of page breaks.

In the generation of reports, this property is fundamental to be able to adequately and easily structure the reports themselves.

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Define ''limited in stock''

Answers

Answer:

Explanation:

it means that the product wont be around aymore since its limited to retailer?

Paying back a loan reduces assets & liabilities. True or False?​

Answers

Answer:

True

I think

I'm not sure sorry

True jejejwnwnwnejen

Jamie is researching places to live after graduating college he asked you I keep coming across as phrase cost-of-living I’ve never heard of it before do you know what it means which of the following definitions would you choose to explain to Jamie about cost-of-living means

Answers

Answer:

The cost of living refers to the prices of goods and services needed to sustain an average level standard of living in an area

Explanation:

The cost of living refers to the cost of keeping up with a given standard of living. It is the amount Jamie would need to keep up with basic expenses such as food, housing, clothing and medical care. Cost of living compares the expense between living in two different areas. Jamie's cost of living is tied to his wages and it can be measured using what is called purchasing power parity.

inputs, transformational processes, outputs, and feedback are all considered part of which if the following: group of answer choices

Answers

Inputs, transformational processes, outputs, and feedback are all considered part of the operations management. In operations management, inputs refer to the resources used in the production process, such as raw materials, labor, and equipment.

Transformational processes involve converting these inputs into outputs, which are the final products or services that the organization delivers to its customers. Feedback is an essential component of operations management as it provides information on the effectiveness of the transformational processes.

For example, a restaurant's inputs could include ingredients and kitchen staff, the transformational process is the cooking and preparation of the food, the output is the served meal, and feedback could be customer reviews or comments on the quality of the food and service.

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If you are interviewed by more than one person, you should send a thank-you note to _____.


each person in the interview

each person you see in the building

the first person you are introduced to

the person who is obviously leading the interview

Answers

Answer:

option A is correct.

i.e.

each person in the interview.

Explanation:

Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.

market segments that transcend national borders are more common in blank______ markets.

Answers

Answer:

Market segments that transcend national borders are more common in global or international markets.

Explanation:

Which of the following statements accurately describes the free enterprise
system in the United States?

Answers

Answer:

Businesses are generally free of government ownership and

control

Explanation: The answer is C.

The ____ phase in the business cycle is a period when the level of business activity declines and gdp falls.

Answers

The trough phase in the business cycle is a period when the level of business activity declines and gdp falls.

Trough

The trough is the fourth phase of the business cycle. The declining GDP begins to decrease its rate of negative change, eventually turning positive again. The economy begins a transition from the contraction phase to the expansion phase.

Therefore, the phase in the business cycle wherein the level of business activity declines and GDP falls is trough.

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If you are late paying your bill, what is the impact on your annual fee?

Answers

Answer:

It will most likely increase

Explanation:

The impact of late paying the bill is that the bill payment would likely to increase with the amount of interest.

What is bill?

A bill is defined as an invoice that is received from a supplier that specifies the amount due by the recipient. For trade payables, this is the primary source document.

If the recipient is not paid the amount of the bill or paid the bill after4 the expiration of due date of the bill, then the amount of bill increased from the date of bill up to the payment.

Therefore, the late payment of bill would increase the amount of interest.

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For this question, please review the Torts Video under "Resources" in this week's lesson: The two types of law that can form a basis for civil liability under tort law are: a. Civil and criminal law. b. Statutory and common law. c. Administrative law and criminal statutes. d. Rules of Civil and Rules of Criminal Procedure.

Answers

The correct answer is b. Statutory and common law.

Tort law is a branch of civil law that deals with civil wrongs and provides a legal basis for individuals to seek compensation for harm or injury caused by the wrongful actions of others. The two types of law that can form a basis for civil liability under tort law are statutory law and common law.

Statutory law refers to laws that are created and enacted by legislative bodies, such as statutes or codes. These laws define specific rights and responsibilities and provide a framework for determining civil liability in certain situations. Statutory laws can establish certain standards of conduct and specify the consequences for failing to meet those standards.

Common law, on the other hand, refers to legal principles and rules that have been developed and established through court decisions over time. It is based on judicial precedent and the interpretation and application of past cases. Common law provides a body of legal principles that help determine civil liability in situations where there may not be a specific statutory law governing the matter.

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selecting a job based on your skills and interst is inportent because on average a person with a full time job works approximately _____ hours each year

Answers

Answer:

Selecting a job based on your skills and interest is important because on average a person with a full time job works approximately 2000 hours each year.

I believe this was C. on edge

Explanation:

Just took test on edgenuity

Using a loan could help with the purchase of which of the following?a) A new televisionb) A dream weddingc) A housed) Airline tickets to your dream vacation

Answers

Using a personal loan could help with the purchase of   A house .Option C is correct .

What does the term "personal loan" mean?

When someone borrows money for a personal need, such as investing in a business, it is referred to as a personal loan (also known as a consumer loan).

What is an example of a personal loan?

A personal loan is a sum of money that you can borrow and use for a number of things. For instance, you may utilize a personal loan to pay off debt, finance home improvements, or finance your ideal wedding. Online lenders, credit unions, and banks can all provide personal loans.

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A marketing agency states that online purchase practice is related to age. To test this statement a random sample of 200 persons were surveyed about their online purchase practice. This sample consist

Answers

The marketing agency found a relationship between age and online purchase practice based on a random survey of 200 individuals.

The marketing agency conducted a random survey of 200 individuals to explore the relationship between age and online purchase practice. After analyzing the data, they discovered a statistically significant connection between these variables.

The results suggest that age plays a role in online purchase behavior. However, without specific details from the survey, such as the age range of participants and the specific questions asked, it is challenging to provide more precise conclusions.

Nonetheless, this study indicates that there is a relationship between age and online purchasing, which could be valuable information for the marketing agency to consider when developing targeted marketing strategies.

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Describe, in your own words, the (i) price effect, (ii) real income effect, and (iii) substitution effect from a price change. Please HURRY!! Why are bacteria needed in the nitrogen cycle?A. Other living things cannot use atmospheric nitrogen.B. Other living things cannot use the nitrogen in plants.C. Bacteria are the main nitrogen reservoir.D. Bacteria are the main nitrogen transporters. h + 7 < 5 "or" -9h < -45 ABecause they have the same slope, the lines are parallel.BBecause they have the same slope and no shared points, the lines are parallel.CBecause they have different slopes, the lines are not parallel.D Although the slopes are the same, the lines are not parallel because theequations represent the same line and thus share all of the same points. The graph of quadratic parent function f was transformed to create the graph of g(x)=f(x-3)+2.Which graph represents g? What did Napoleon do in 1789? Cyris went out for breakfast and had pancakes for $5.95 and orange juice for $1.75. He would like to tip the waiter 20% of the total price. How much tip should Cyris leave? Select the best answer for the question.2. Which personality trait measures thedesire for interaction with others?A. HumilityB. AggressivenessO C. ExtroversionD. Neuroticism Each of students reported the number of movies they saw in the past year. Here is what they reported.10, 20, 11, 4, 10, 10 Find the mean number of movies that the students saw.If necessary, round your answer to the nearest tenth. what type of universe did galileo believe we live in Evaluate Vx - 7 when x = 16 E Homework: 3.1 HomeworkEvaluate the following function at the values 2, -3, and x-2.f(x) = x +5f(2)= (Type an integer or a simplified fraction.) Kanye or dababy? Explain your answer. ASSIGNMENT SCENARIO: Questions 1-4 are based on the following scenario:Marissa, who is 1 week away from her 18th birthday, needs a car before she starts her new job. She learns that her high-school principal is willing to sell his car for a reasonable price. Marissa and Victor talk about the car in Victor's office, and Victor tells her that the engine on the car is in good shape and that he does not know of any problems with the car. Marissa agrees to pay Victor $1,000 for the car "as is", after Victor convinces her that is a fair price. Marissa and Victor sign a short contract memorializing the agreement. Both parties agree that Victor will deliver the car the next day, Saturday, by 10:00 a.m., so Marissa can use it to get to her new job by noon. After his meeting with Marissa, Victor learns that the car is being recalled by the manufacturer for a faulty engine. The next day, Victor delivers the car to Marissa. Before he hands the car over. Victor tells Marissa he will sell the car only if she pays him an additional $300 since he had the car detailed and made her a second set of keys. Marissa, who is worried about getting to her new job on time, agrees to pay the extra money, but tells Victor she cannot do so now. Victor tells her she must deliver the extra $300 to him within two weeks. Marissa then gives Victor $1,000, and Victor leaves without telling Marissa anything about the recall. Marissa never gives Victor the additional $300. Three months later, Marissa is very angry at Victor. She has done some research and determines the car is worth only $500. More importantly, she is experiencing problems with the car and finds out that Victor had been notified about the engine issues. She asks Victor for a refund, but he refuses to give her one. 3. Regardless of Marissa's possible claims (pretend Marissa has no claims to challenge the K), does Victor have a breach of K claim against Marissa for failing to pay the additional $300. 4. Let's assume Victor never knew about the manufacturer's recall. 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Calculate its heat of vaporization. 127 kJ/mole 118 kJ/mole 132 kJ/mole 250 kJ/mole while waiting in line to buy two tacos at $1 each and a medium drink for $1.25, jordan notices that the restaurant has a value meal containing three tacos and a medium drink all for $4. for jordan, if he buys the value meal, then the marginal cost of the third taco would be: find the unknown angles. QRT and SRV are congruent