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koban [17]
2 years ago
12

Staley Inc. reported the following data:Net income $396,200Depreciation expense 61,250Loss on disposal of equipment 27,600Increa

se in accounts receivable 9,000Increase in accounts payable 3,350Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required.Staley Inc.Statement of Cash Flows (partial)
Business
1 answer:
Anvisha [2.4K]2 years ago
3 0

Answer:

  $479,400

Explanation:

The preparation of the Cash Flows from Operating Activities - Indirect Method is presented below:

Cash flow from Operating activities - Indirect method

Net income $396,200

Adjustment made:

Add : Depreciation expense $61,250

Add: Loss on disposal of equipment $27,600

Less: Increase in accounts receivable -$9,000

Add: Increase in accounts payable $3,350

Total of Adjustments $83,200

Net Cash flow provide by Operating activities        $479,400

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A company uses the departmental overhead rate method. Total overhead costs are $5,000,000. Of this total, the machining departme
monitta

Answer:

Estimated manufacturing overhead rate= $50 per machine hour

Explanation:

Giving the following information:

The machining department uses machine hours as its allocation base and has 80,000 machine hours. The machining department is assigned overhead costs of $4,000,000.

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base= 4000000/80000= $50 per machine hour

4 0
1 year ago
You are planning to email to two lists. The first list has 5,000 names. The second list has 3,900 names. There are 700 names tha
dusya [7]

Answer:

8,200

Explanation:

You have to email the list of 5000 names first and then you have also second list for emailing consists of 3900 names. The sum of both the list is equal to 8,900. But there are 700 names which are common on both lists. You have to subtract 700 from 8,900 to identify the number of unique names you have. The answer you will get after subtraction is 8,200.

7 0
1 year ago
It’s time for Roxanne to start repaying her student loans, which are amortized over the next ten years. Her first month’s paymen
Mandarinka [93]

Answer:

The correct answer is letter "C": Exactly $396.

Explanation:

An Amortization Schedule is a table that shows the amounts of principal and interest that comprise each loan payment. Amortization schedules reveal the true cost of purchasing a home, car or requesting a student loan that is<em> paid with regular, equal installments over a period of time</em>.

Thus, <em>Roxanne should pay $396 monthly for the next 10 years</em>.

4 0
2 years ago
Say that equilibrium price remained constant and quantity rose. what would you say was the most likely cause?
vladimir1956 [14]
The quantity rose was mostly likely cause
3 0
2 years ago
You have $55,000 in a savings account that pays 2% interest per year. The inflation rate that year is 3.24%. To calculate simple
Len [333]

Answer:

How much do you make in interest in a year?

<u>$  1100</u>

How much would you need to have made for your spending power to keep up with inflation in that year?

<u>$  1782 </u>

How much buying power did you lose in that year because of inflation?

<u>$  682 </u>

Explanation:

Your interest formula is given to you.

Interest in a year = principal (the amount invested) * rate (the interest rate) * period (the time you're measuring)

Interest = 55,000 * 2% * 1 year = 55,000 * 0.02 * 1 = $1,100

How much would you need to have made for your spending power to keep with inflation?  Your interest rate would have needed to match the inflation rate, otherwise prices are going up faster than you're saving.

Required interest = 55,000 * 3.24% * 1 year = 55,000 * 0.0324 * 1 = $1,782

How much buying power did you lose?  The difference between your required interest and your actual interest.

Buying power lost = 1,782 - 1,100 = $682.  You lost this much in buying power.

Hope that helped :)

6 0
1 year ago
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