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
KonstantinChe [14]
2 years ago
11

The following information is taken from the income statement of Olympic, Inc.: Depreciation Expense $ 90,000 Amortization Expens

e 15,000 Loss on Sale of Equipment 9,000 Gain on Sale of Building 27,000 Net Income 315,000 Based on this information, what is the amount of net cash flow provided by operating activities?A. $420000 B. $447000 C. $438000 D. $402000
Business
1 answer:
Lina20 [59]2 years ago
6 0

Answer:

The correct option is D,$402,000.

Explanation:

In determining the cash flow provided by operating activities,we need to adjust the net income for effects of non cash items reported.It is important  to note that the reverse of the earlier treatment of the items is what is required now.For instance depreciation and amortization  were deducted in  income statement,for cash flow purposes we need to add both to net income.

Net income                          $315,000

add depreciation                $90,000

amortization                         $15,000

loss on sale of equipment  $9,000

less gain on sale of building($27000)

Cash flow from operations  $402,000

The cash flow from operating activities as adjusted is $402,000.

You might be interested in
Based on the following information, compute cash flows from investing activities under GAAP.
777dan777 [17]

Answer:

$250

Explanation:

Computation of cash flows from investing activities under GAAP.

The Purchase of used equipment as well as the sale of investments often affect cash flow from operating activities.

Therefore,

Sale of investments $450

Less Purchase of used equipment (Cash outflow) ($200)

Cash flow from investing activity $250

Therefore the cash flows from investing activities under GAAP would be $250

8 0
2 years ago
You’re prepared to make monthly payments of $175, beginning at the end of this month, into an account that pays 7 percent intere
lara31 [8.8K]

Answer:

<u>86 payments approximately</u>

<em>Explanation</em>:

<u>First</u>;

Find the monthly average interest rate,

=7%/12

=0.0058333333

<u>Second</u>;

Add the monthly average interest rate to the monthly payment

= $175 + 0.0058333333

= $175.00583333 (average total monthly balance)

<u>Third</u>;

Divide final account balance by the average total monthly balance

= 15,000 / 175.00583333

=85.71 payments.

3 0
2 years ago
On January 1, 2019, Shay Company issues $350,000 of 10%, 15-year bonds. The bonds sell for $342,125. Six years later, on January
dusya [7]

Answer:

The bonds sell for $342,125. Six years later, on January 1, 2025, Shay retires these bonds by buying them on the open market for $365,750. All interest is accounted for and paid through December 31, 2024, the day before the purchase. The straight-line method is used to amortize any bond discount. 1. What is the amount of the discount on the bonds at issuance? 2. How much amortization of the discount is recorded on the bonds for the entire period from January 1, 2019, through December 31, 2024? 3. What is the carrying (book) value

Explanation:

The bonds sell for $342,125. Six years later, on January 1, 2025, Shay retires these bonds by buying them on the open market for $365,750. All interest is accounted for and paid through December 31, 2024, the day before the purchase. The straight-line method is used to amortize any bond discount. 1. What is the amount of the discount on the bonds at issuance? 2. How much amortization of the discount is recorded on the bonds for the entire period from January 1, 2019, through December 31, 2024? 3. What is the carrying (book) value

5 0
2 years ago
Coolers Inc., a house appliances manufacturer, has upgraded its technology by making all its appliances work on voice sensors in
Margaret [11]

Answer: The correct answer is "3. platform project".

Explanation: This project is a platform project for Coolers Inc. because the change of voice sensors instead of remote controls or manual operations represents a change of platform for their products in which they have improved their technology.

6 0
2 years ago
Annie, a marketing manager, is worried her firm is doing a poor job of managing the movement of finished products to the final c
Morgarella [4.7K]

The company should improve their distribution management.

<u>Explanation: </u>

Distribution management describes the process of managing the transport of goods from the supplier or retailer to the point of purchase.  

It is an overriding term that applies to a number of activities and methods, such as packaging, stock, warehousing, supply chain, and transportation.

For the business ' financial success and corporate success, the adoption of a distribution management strategy is crucial.  

Distribution management helps to maintain organization and satisfies customers.

The basic idea of distribution management as a marketing tool is that distribution management takes place in an environment that also includes the following aspects:

Product, Price, Promotion and placement (4 P’s)

5 0
2 years ago
Other questions:
  • Anwar dresses for a cold fall day and steps outside to find it sunny and hot. he goes back inside to change out of his sweater a
    9·1 answer
  • Which of the following is NOT a characteristic of a confined space?
    7·1 answer
  • The wireone company manufactures high-quality coated electrical wire in two departments, weaving and coating. materials are intr
    11·1 answer
  • Maple Inc. collects 30% of its sales in the month of sale and the other 70% in the following month. The following shows budgeted
    9·1 answer
  • After sugar refiner has produced fine sugar for baking purposes, what is left over is used to produce molasses. This technology
    9·1 answer
  • As the manager of Margarita Mexican Restaurant, you must deal with a variety of business transactions. Provide an explanation fo
    13·1 answer
  • If the price of a slice of pizza rises from $2.50 to $3, and quantity demanded falls from 10,000 slices to 7,400 slices, using t
    12·1 answer
  • Photo Framing's cost formula for its supplies cost is $1,080 per month plus $18 per frame. For the month of November, the compan
    14·1 answer
  • A new surgical facility called Cut &amp; Sew is opening in neighborhoods throughout the United States. They are job shops that h
    14·1 answer
  • Four roommates are planning to spend the weekend in their dorm room watching old movies, and they are debating how many to watch
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!