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ExtremeBDS [4]
2 years ago
15

Doctor Company prepared the tabulation below at December 31, 2017. Net Income $307,000 Adjustments to reconcile net income to ne

t cash provided by operating activities: Depreciation expense $32,000 Decrease in accounts receivable $50,000 Increase in inventory $12,000 Decrease in accounts payable $8,600 Increase in income taxes payable $1,500 Loss on sale of land $5,000 Net cash provided (used) by operating activities Show how each item should be reported in the statement of cash flows.
Business
1 answer:
AnnZ [28]2 years ago
5 0

Answer:

$374,900

Explanation:

Doctor Company Statement of Cash Flow

Net Income $307,000

Reconciliation of net income to net cash:

Depreciation expense 32,000

.

Decrease in accounts receivable 50,000

Increase in inventory (12,000)

Decrease in accounts payable (8,600)

Increase in income taxes payable 1,500

Loss on sale of land 5,000

Net cash provided (used)by operating activities $374,900

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"...there is quite as much trouble in the reformation of an old constitution as in the establishment of a new one, just as to un
Otrada [13]
This is an excerpt from Politics by Aristotle. It is a work of political philosophy by Aristotle. The end of the Nicomachean Ethics professed that the review into ethics essentially follows into politics, and the two works are commonly considered to be parts of a larger discourse, or perhaps connected lectures, dealing with the "philosophy of human affairs." The title of the Politics literally means "the things concerning the polis." This book is divided into eight books which are each further divided into chapters.
5 0
2 years ago
Read 2 more answers
Total interest paid on a 30-year straight note was $230,000 during the term of the loan. The annual interest rate was 6.6%. What
dsp73

Answer:

$116,161.616

Explanation:

Given that,

Total interest paid = $230,000

Time period = 30 year

Annual interest rate = 6.6%

Total interest on loan = Loan amount × Interest rate × Time period

$230,000 = Loan amount × 6.6% × 30 years

Loan amount:

=\frac{230,000}{0.066\times 30}

=\frac{230,000}{1.98}

      = $116,161.616

Therefore, the loan amount is $116,161.616.

3 0
1 year ago
From the beginning of 2000 until its peak in 2012, Apple’s stock price rose from $27.97 to $702.10, an increase of 25 times. Yet
Tcecarenko [31]

Answer:

Steve Jobs coming back, Innovations, and Tim Cook taking over as COO

Explanation:

The fluctuations in stock prices of a company are due to improved performance of the company in meeting it's objectives and perception that the business will do better in the future.

In the given scenario there was an initial increase in Apple’s stock price from $27.97 to $702.10, an increase of 25 times.

This can be attributed to the return of Steve Jobs as the CEO of Apple. There was a confidence boost by his coming back. Also there were various innovations like: iPhone, iMac, iPod, and iTunes. These improved the performance and by extension share price of Apple.

However when Tim Cook took over as COO he reduced production by half resulting in stock price decrease by 37% from its peak in September 2012 until the end of March 2013, from $702.10 to $442.66.

3 0
2 years ago
A manager wants to minimize the total cost of the inventory. The annual demand for the wheel is 60,000 wheels, and the firm oper
Ede4ka [16]

Answer:

Check th explanation

Explanation:

2a.

Here, we will have to apply the economic production quantity as we have to identify optimal production quantity to minimize the cost.

Annual Demand D = 60000

Working Days = 240

Daily Demand d= 60000/240 = 250

Production Rate p = 300

Set up cost S = 150

Holding cost H = 3

Economic Production Quantity Q = (2DS/(H*(1-(d/p))))^(1/2)

Q = (2*60000*150/(3*(1-(250/300))))^(1/2)

Q = 6000 units

4 0
2 years ago
Consider a remote town in which two restaurants, All-You-Can-Eat Cafe? and GoodGrub Diner, operate in a duopoly. Both restaurant
stich3 [128]

Answer:

Both restaurant will clean up

Explanation:                                                        

In the table below the first number in the parentheses belongs to All-You-Can-Eat Café? and the second number belongs to GoodGrub Diner . And the titles (Clean Up and Not Clean) represents their options separately.

                                                                            GoodGrub Diner

                                                     Clean Up            Not Clean

All-You-Can-Eat Café? Clean Up (11 000, 11 000) (18 000, 6 000)

                                Not Clean (6 000, 18 000) (14 000, 14 000)

If All-You-Can-Eat Café? cleans up, GoodGrub Diner will earn 11 000 dollars by cleaning up verses 6 000 dollars by not cleaning. And if All-You-Can-Eat Café? doesn’t clean, GoodGrub Diner will earn 18 000 dollars by cleaning up verses 14 000 dollars by not cleaning. Similarly All-You-Can-Eat Café? will be better off by cleaning up both in the case where GoodGrub Diner cleans up and in the case where GoodGrub Diner doesn’t clean, comparing with the cases All-You-Can-Eat Café? doesn’t clean.

Each restaurant adopts the strategy that is best for itself regardless of which strategy the other restaurant chooses. This is called the Nash equilibrium.

8 0
2 years ago
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