answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sleet_krkn [62]
2 years ago
11

Miguel, Inc. reported net income of $2.5 million in 2022. Depreciation for the year was $160,000, accounts receivable decreased

$350,000, and accounts payable decreased $280,000. Compute net cash provided by operating activities using the indirect approach.
Business
1 answer:
Valentin [98]2 years ago
4 0

Answer:

$2,730,000

Explanation:

The opening cash balance is netted off the cash flows from all activities namely; Operating, investing and financing activities to get the closing cash balance.

The operating activities includes elements such as net income, depreciation and amortization, changes in working capital etc.

Given;

Net income = $2,500,000

Depreciation = $160,000

accounts receivable decrease = $350,000 (inflow of cash)

accounts payable decrease =  $280,000 (outflow of cash)

net cash provided by operating activities using the indirect approach

= $2,500,000 + $160,000 + $350,000 - $280,000

= $2,730,000

You might be interested in
The mars climate orbiter crashed on the surface of mars becausea. one program output thrust in terms of foot-pounds, and another
klasskru [66]

Answer:

The correct answer is A. The Mars Climate Orbiter crashed on the surface of Mars because one program output thrust in terms of foot-pounds, and another program expected thrust to be expressed in terms of newtons.

Explanation:

The Mars Climate Orbiter was NASA’s unsuccessful mission to study the Martian climate, part of the Mars Surveyor 98 program. The MCO was created as a satellite-translator for the Mars Polar Lander lander, and after the latter ceased to function, it was supposed to study the Martian climate.

The Mars Climate Orbiter was destroyed when a navigation error caused the probe to be improperly elevated as it entered orbit. The vehicle was destroyed by the friction and stresses in Mars' atmosphere. An investigation showed that some data for the rocket system were calculated in English units (pound-force-second) while the navigation team expected SI units (Newton-second).

6 0
2 years ago
Which of the following is an example of competing on quick response?A) A firm produces its product with less raw material waste
finlep [7]

Answer:

C) A firm's products are introduced into the market faster than its competitors' products.

Explanation:

Quick response refers to shorten the delivery time of products and services to meet  the need of customers at the right moment. This is a way to survive the competition and increase the customer satisfaction. According to this, an example of competing on quick response wil be that a firm's products are introduced into the market faster than its competitors' products as the firm will be having a better delivery time than the competition which will allow it to put the goods first in the market which will give it an advantage by being first.

4 0
2 years ago
(lavilla) lavilla is a village in the italian alps. given its enormous popularity among swiss, german, austrian, and italian ski
bonufazy [111]

The answer is <u>"120 skiers per day".</u>

On average, 1,200 skiers in the village

On average, skiers stay in lavilla for 10 days

how many new skiers are arriving = ?

Applying Little's Law,

Flow Rate = Inventory / Flow Time

= 1200 skiers / 10 days

= 120 skiers per day


4 0
1 year ago
In which countries do people prefer discussing business during meals?​
Masteriza [31]

Answer:

china

Explanation:

if your traveling to china on business do not discuss business during meals .

6 0
2 years ago
Read 2 more answers
Suppose that on Valentine's Day, the demand for both roses and greeting cards increases by the same percentage amount. However,
ryzh [129]

Answer:

The correct answer is: the supply of the greeting cards is less elastic than the one of the roses.

Explanation:

To begin with, the elasticity show how much the price and the quantity are related by indicating the variation that happens to one of them when the other changes. Therefore that the supply of the greeting cards is less sensitive to price because when the quantity demanded increased the price did not change as much as the roses due to the fact that the sellers were not encourage as much as the sellers of the roses to produce more and therefore to increase the price of the cards. So to sum up, when the price changed the sellers were not encourage to increase the production of the cards as much as the production of the roses because of its elasticity.

6 0
1 year ago
Other questions:
  • To keep an organization free of the mum effect, it is necessary to
    9·1 answer
  • What happened to the man who invested in a paper towel company and a revolving door factory?
    10·1 answer
  • Item32 time remaining 46 minutes 2 seconds 00:46:02 item 32 item 32 time remaining 46 minutes 2 seconds 00:46:02 during a recent
    7·1 answer
  • The owner of a store that sells fine-quality fabrics for home seamstresses bemoans the fact that few young women know how to do
    11·1 answer
  • At Baumann's Fine Meats, the butchers will hand cut steaks to the thickness their customers specify and trim off the excess fat.
    11·1 answer
  • Select the correct text in the passage. Danny is starting out a new job at an IT firm. Which of the following practices are unet
    12·2 answers
  • Mike Hansen has adjusted gross income of $82,000. During the year, Mike decided he needed a larger home. He purchased a home on
    7·1 answer
  • Apple anticipates it will sell 100,000 units in the coming year. It is considering investing in a new machine that will increase
    15·1 answer
  • Setrakian Industries needs to raise $96.2 million to fund a new project. The company will sell bonds that have a coupon rate of
    15·1 answer
  • . In the nation of Foxystan, a $1000 increase in consumer spending typically causes GDP to rise by $5000. The marginal propensit
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!