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
Anuta_ua [19.1K]
1 year ago
12

Novak Corp. reported net income of $1.20 million in 2022. Depreciation for the year was $192,000, accounts receivable decreased

$420,000, and accounts payable decreased $336,000. Compute net cash provided by operating activities using the indirect approach. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Business
1 answer:
Kay [80]1 year ago
6 0

Answer:

$1,476,000

Explanation:

According to the scenario, computation of the given data are as follows:-  

Statement of The Cash Flow 31 December,2022

Particular                               Amount        Total Amount

Net Income                                                  $1,200,000

Depreciation                                $192,000  

Accounts receivable Decrease   $420,000  

Accounts payable Decrease       ($336,000)  

                                                                 $276,000

Net cash provided by operating activities        $1,476,000

You might be interested in
Various financial data for SunPath Manufacturing for 2019 and 2020 follow. 2019 2020 Output: Sales $ 300,000 $ 330,000 Inputs: L
erik [133]

Answer:

22.20%

Explanation:

Energy Productivity Ratio 2019 = 300,000 / 10,000 = 30

Energy Productivity Ratio 2020 = 330,000 / 9,000 = 36.66

The percentage change = (36.66-30)/30 * 100

The percentage change = 0.222 * 100

The percentage change = 22.20%

So, the percentage change in the energy partial productivity measure for SunPath between 2019 and 2020 is 22.20%

3 0
2 years ago
Percy’s GPA is 2.75, so he should list it on his résumé. T/F
timama [110]
In filling up a resume, there are questions that are basic and necessary that a person should feel up to satisfy the qualifications that the client is looking for. But in terms of GPA, like Percy's. It is not appropriate to put it on the resume unless if asked or needed. But most of the time, it is not needed so the answer is false.
3 0
1 year ago
Read 2 more answers
Silver Corporation has provided the following information concerning its raw materials purchases. The budgeted cost of raw mater
kakasveta [241]

Answer:

$171,619.20

Explanation:

The computation of the budgeted accounts payable balance at the end of November is shown below:

= Budgeted cost of raw materials purchases in November × following month percentage

= $286,032 × 60%

= $171,619.20

As 40% is paid in the month of purchase whereas 60% is paid to the following month. So, we recognized 60%, not 40%

4 0
2 years ago
Consider two markets: the market for coffee and the market for hot cocoa·The initial equilibrium for both markets is the same, t
den301095 [7]

Answer:

The elasticity of supply for hot cocoa is 1.43.

(D) Supply in the market for coffee is less elastic than supply in the market for hot cocoa

Explanation:

Using the midpoint formula,

Elasticity of supply for hot cocoa = (change in quantity supplied/average quantity supplied) ÷ (change in price/average price)

change in quantity supplied = 101 - 31 = 70

average quantity supplied = (101+31)/2 = 66

70/66 = 1.06

change in price = 9.75 - 4.5 = 5.25

average price = (9.75+4.5)/2 = 7.125

5.25/7.125 = 0.74

Elasticity of supply for hot cocoa = 1.06 ÷ 0.74 = 1.43. The supply for hot cocoa is elastic because the elasticity of supply is greater than 1.

Elasticity of supply for coffee = (73 - 31)/(73+31)/2 ÷ 0.74 = 42/52 ÷ 0.74 = 0.81 ÷ 0.74 = 1.09. The supply for coffee is elastic because the elasticity of supply is greater than 1.

However, supply in the market for coffee is less elastic than supply in the market for hot cocoa because the elasticity of supply for coffee is less than that of hot coffee.

7 0
2 years ago
Fiona’s Fish Emporium increased its total monthly revenue from $1,500 to $1,800 when it raised the price of tropical fish from $
alexandr402 [8]

Answer:

We need first to calculate how much the quantity demanded changed

The quantity of fish demanded with a revenue of $1,500 at $5 per fish is equal to:

$1,500/$5 = 300

For a revenue of $1,800 at $9 per fish:

$1,800/$9 = 200

Now we can calculate the price elasticy of demand. Remember the formula

PED = ΔQuantity /ΔPrice

ΔQuantity = Q2 - Q1 / Q1

Where Q1 is the old quantity demanded and Q2 is the new quantity demanded

ΔQuantity = 200 - 300/300

                   = -0.33

ΔPrice = P2 - P1/P1

Where P1 is the old price and P2 is the new price

ΔPrice = 9 - 5/5 = 0.8

Now we can finally calculate the price elasticity of demand

PED = -0.33/0.8

       = -0,4125

8 0
1 year ago
Other questions:
  • "Which of the following is a support activity in a firm's value chain? A) Inbound logistics B) Operations C) Sales and marketing
    7·1 answer
  • John, Lesa, and Trevor form a limited liability company. John contributes 60 percent of the capital, and Lesa and Trevor each co
    13·1 answer
  • David and Bella started a new company and decided that the net profit will be divided in a 6:7 ratio respectively. At the end of
    8·1 answer
  • Green Roof Inns is preparing a bond offering with a 6 percent, semiannual coupon and a face value of $1,000. The bonds will be r
    7·1 answer
  • A company owns an empty office building and is deciding how to use it next year. It would cost $100,000 to staff the office and
    14·1 answer
  • Les is concerned that his variable cost per unit projection for a project may not be reliable. Which type of analysis will best
    12·1 answer
  • "If the previous chart measures CaliMart’s revenues in millions of dollars, how much money did CaliMart make in 2005"
    11·1 answer
  • Central Valley Construction (CVC) purchased $80,000 of sheet metal fabricating equipment from Buffalo Supply on January 1, 20X1.
    9·1 answer
  • ChowMein Company is the exclusive Montana distributor of lawn mowers for a small manufacturing company. It sells only one model
    5·1 answer
  • Use the following information to answer the next two questions. Downey Company bought a delivery truck for $62,000 on January 1,
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!