Norbury Corporation's net income last year was $25,000. The company did not sell or retire any property, plant, and equipment last year. Changes in selected balance sheet accounts for the year appear below: Increases (Decreases) Asset and Contra-Asset Accounts: Accounts receivable $ 13,500 Inventory $ (3,600) Prepaid expenses $ 9,000 Accumulated depreciation $ 24,000 Liability Accounts: Accounts payable $ 13,000 Accrued liabilities $ (8,100) Income taxes payable $ 2,700 Based solely on this information, the net cash provided by (used in) operating activities under the indirect method on the statement of cash flows would be:

Answers

Answer 1

Answer:

$37,700

Explanation:

Cashflow from Operating Activities

Net Income                                                                     $25,000

Adjustments to non - cash flow items :

Add back Depreciation charge                                     $24,000

Adjustments to changes in working capital items :

Increase in Accounts receivable                                  ($13,500)

Decrease in Inventory                                                     $3,600

Increase in Prepaid expenses                                       ($9,000)

Increase in Accounts payable                                       $13,000

Decrease in Accrued liabilities                                       ($8,100)

Increase in  Income taxes payable                                 $2,700

Net cash provided by operating activities                    $37,700

thus,

the net cash provided by operating activities under the indirect method on the statement of cash flows would be: $37,700


Related Questions

On December 31, Strike Company has decided to sell one of its batting cages. The initial cost of the equipment was $215,000 with an accumulated depreciation of $185,000. Depreciation has been taken up to the end of the year. The company found a company that is willing to buy the equipment for $30,000. What is the amount of the gain or loss on this transaction

Answers

Answer:

The loss is "$10,000" and the gain is "$25,000".

Explanation:

The given amount is:

Cost,

= $215,000

Accumulated depreciation,

= $185,000

Book value,

= $30,000

Now,

The loss on sales will be:

= [tex]Sale \ price-Book \ value[/tex]

= [tex]20,000-30,000[/tex]

= [tex]10,000[/tex] ($)

The gain on sales will be:

= [tex]Sales \ price-Book \ value[/tex]

= [tex]55,000-30,000[/tex]

= [tex]25,000[/tex] ($)

The picture is above, I’ll mark as brainliest

Answers

Answer:

c

i could not see the ful image until now srry

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Explanation:

A is the answer duhh

You are a salesperson in a vitamin store. What steps can you take to move up the company?

Answers

Answer:

these are some six steps to move up the company ☝

hope it helps

Your high school transcript will include each of these items EXCEPT...


The name of your school

Your GPA calculated with all of the courses you’ve taken so far

A list of your test and quiz grades in each course

The courses you’ve taken and when you took them

Answers

Answer:

a list of your test and quiz grades in each course

Explanation:

a list of your test and quiz grades in each course

I think a List of your test and quiz grades in each course
Hope that helped

All of these careers may require you be good with numbers.
A.
True
B.
False

Answers

Answer:

A LOT of careers need math to operate them

Explanation:

Hope this helps

The answer is A I hope it’s right

The Economist Intelligence Unit rankings of the world’s top education systems,

which combine international test results and data such as graduation rates,

showed that two contrasting economies topped the league table: Finland

and South Korea. The report concluded that while the amount of spending on

education is important, it is less influential than an economy having a culture

that is supportive of learning. Education in Finland is 100 per cent state funded

and is rather unorthodox given that students don’t start schooling until 7

and rarely have tests or homework until their teenage years. In South Korea,

education is crucial for success, so there are huge pressures placed on students, who start school aged 3. Testing is regular and rigorous, making after-school private tuition classes extremely popular. According to the report, the top 10 countries were ranked as follows:

 

1. Finland

2. South Korea

3. Hong Kong

4. Japan

5. Singapore

6. UK

7. Netherlands

8. New Zealand

9. Switzerland

10. Canada

 

a. Explain how scarce resources are allocated in a mixed economy. [4]

b. Discuss whether education should be funded by the government. [8]​

Answers

I confused on what the question is

A representative gives a seminar to investors, making a presentation about successful hedge fund strategies. It is attended by 10 retail clients and 20 institutional clients. FINRA defines this as:

Answers

Answer:

A representative gives a seminar to investors, making a presentation about successful hedge fund strategies. It is attended by 10 retail clients and 20 institutional clients. FINRA defines this as: a retail communication.

Explanation:

Hope this helps!

Mark me as Brainlineast.

16. Elvis is the owner of a furniture store in a small Southern town. He donated several hundred mattresses to the Red Cross immediately after hearing about the devastation caused in a neighboring state by a hurricane. He was motivated to do so by his desire to help others, by thoughts of the income tax deduction he could take, and by the recognition his store would receive from his act of charity. This is an example of

Answers

charitable contributions deduction

Which product would most likely be considered inherently unsafe?
A. A bathroom cleaner
B. A garden hose
C. A bookshelf
D. A lamp

Answers

Answer:

c

Explanation:

bell kung matutong ba yung bookshelf

The product that would most likely be considered inherently unsafe depends on various factors such as its intended use, design, and potential hazards associated with its usage. Hence option C is correct .

Which product would most likely be considered inherently unsafe?

Among the options provided, a bathroom cleaner would most likely be considered inherently unsafe. This is because most bathroom cleaners contain powerful chemicals such as bleach, ammonia, and acids that can cause serious health hazards if not used properly.

These chemicals can cause skin irritation, respiratory problems, and even chemical burns if they come into contact with the skin or eyes.

Furthermore, bathroom cleaners are often stored in containers that may not be child-resistant, which can pose a serious risk of accidental ingestion or exposure. This can result in poisoning, and in severe cases, even death.

While the other options provided, such as a garden hose, bookshelf, and lamp, can also pose risks if not used properly or designed poorly, they are generally considered safer than bathroom cleaners.

A garden hose may pose a tripping hazard if not stored properly, a bookshelf may fall if overloaded, and a lamp may pose an electrical hazard if damaged, but these risks can be mitigated through proper use and maintenance.

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Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,670 pounds of material, $5.20 and standard costs for 4,470 pounds of material at $6.20 per pound. What is the direct materials quantity variance

Answers

Answer:

-4670 Favorable

Explanation:

actual- standard = variance

variance * actual lbs of material

5.2-6.2=-1*4670=-4670 Favorable

Would you consider Unions successful? Why or why not?

Answers

Answer:

yes because have been enormously successful at getting their members excellent wages, benefits and working conditions.

hope this helps

have a good day :)

Explanation:

A media buyer places an ad for a new range of wines in four different magazines. The first magazine provides roughly 3,600,000 exposures, the second magazine provides about 950,000 exposures, and the third and fourth provide 100,000 exposures each. The buyer now can inform the client at the winery of ___________ expected for the ad, that is, 4,750,000 exposures.

Answers

Answer:

Gross impressions

Explanation:

It sum up the total number of the audience (impressions) that the new range of wines reaches.

If an agent recommends that a client invest a portion of his portfolio in an international stock fund and is asked whether she should compare the performance of the fund against the S&P 500 Index, how should the agent respond?

Answers

Answer:

A) No, it is preferable to compare the fund against the Morgan Stanley Capital International Europe, Australasia, Far East (EAFE) Index because it covers international securities.

Explanation:

As It is important that a specific mutual fund should be compared against the benchmark i.e. considered appropriate. The performance of the international fund should also be compared against the foreign stock index like EAFE index  

So in this way the agent should be responded to the current situation

Therefore the option a is correct

The government offers a subsidy of $5 per unit that increases the profit-maximizing quantity to 200 units. What will the total cost of the subsidy be to the government

Answers

Answer:

An apple, potato, and onion all taste the same if you eat them with your nose plugged

Explanation:

If the government offers a subsidy of $5 per unit that increases the profit-maximizing quantity to 200 units. What will the total cost of the subsidy to the government will be $40 per unit.

What is subsidy?

A subsidy is a direct or indirect government payment to people or businesses, typically in the form of cash or a targeted tax break. According to economic theory, subsidies can be used to reduce externalities and market imperfections to boost economic efficiency.

Subsidies are a strategy used by governments to promote production and consumption in particular industries. An industry can enable its manufacturers to generate more goods and services when the government introduces supplier subsidies.

Therefore if $ 5 subsidy will get 200 units increase in profit maximizing then cost of subsidy would be $40 per unit of consumption.

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It is important to highlight both hard and soft skills on a job resume. Which characteristic best describes a soft skill?


A characteristic or skill specific to your job

A skill learned through formal education

A skill that is harder to measure but can be used in every job

A skill that is measurable and easy to demonstrate

Answers

Answer:

C.

Explanation:

what is the primary purpose of a mission statement​

Answers

Answer: A mission statement is a concise explanation of the organization's reason for existence. It describes the organization's purpose and its overall intention. The mission statement supports the vision and serves to communicate purpose and direction to employees, customers, vendors and other stakeholders.

True or false: Many companies are discontinuing defined-benefit plans and moving toward defined-contribution plans, which shifts more responsibility to the company for providing retirement benefits.

Answers

Answer:

False

Explanation:

A defined benefit pension plan is a type of pension plan where the employer gives a promise with respect to the particular pension payment that could be lumpsum for the retirement basis

Since in the question it is mentioned that the companies would not continue with the defined benefit plan and they move to the defined-contribution plans that save for the retirement so that it would create the more responsibility over the company due to this they would provide the retirement benefit but this statement is false as it is better to received the lumpsum amount

Kameron, Candice and Leo were members of an LLC, Printing Unlimited, LLC (PU). They leased a digital printing press for their company. Press Sales, Incorporated (PSI), the company that manufactured and leased the printing press to them, required personal guarantees from each of them as a requisite leasing the press. What will be required of Kameron, Candice and Leo

Answers

The requirement of Kameron, Candice, and Leo should be for pledging the personal assets in order to give the guarantee for the payment obligations with respect to the PU.

The information related to the pledged asset is as follows:

A pledged asset is a valuable possession that could be transferred to the lender in order to secure the debt or a loan. The pledged asset should be considered as collateral that could be held by a lender and in return, it is for lending the funds. Also, it can decrease the down payment that should be needed for the loan along with this if there is any change in the interest rate so the same should be decreased.

Therefore we can conclude that, the requirement done by these three people is needed for pledging the personal assets in order to give the guarantee for the payment obligations with respect to the PU.

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Bozak, an education company, recently launched its animation team. The members of the new team are aware of each other's roles and responsibilities and make decisions on task accomplishment. In the context of Bruce Tuckman's five-stage model of group development, the animation team at Palnoz is in the _____ stage.

Answers

Answer:

a. Norming

Explanation:

Since in the question it is mentioned that the new team members are aware of the roles and responsibilities of each other and make the decisions for accomplishing a task so here the animation team would be in the norming stage as in this stage the performance of the team increased as the members are ready to learn and corporate and also started to focus on the team goal

I am so sorry this is the last of the points that i got, so tell me what is the most important think that you own that you can never get rid of

Answers

My doggo and my cat. Also maybe snakes

Ronald Coase's ideas on property rights have helped economists and policymakers better understand environmental problems. Identify the true statement regarding Coase and property rights

Answers

Coase argued that the assignment of property rights to someone is essential.

What is a contingency plan?

Answers

Answer:

Um plano de contingência é um tipo de plano preventivo, preditivo e reactivo.

Apresenta uma estrutura estratégica e operativa que ajudeá a controlar uma situação de emergência e a minimizar as suas consequências negativas.

O plano de contingência propõe uma série de procedimentos alternativos ao funcionamento normal de uma organização, sempre que alguma das suas funções usuais se vê prejudicada por uma contingência interna ou externa.

A $20 bill features which of the following on the reverse?

Answers

Answer:

The United States twenty-dollar bill ($20) is a denomination of U.S. currency. A portrait of Andrew Jackson, the seventh U.S. president (1829–1837), has been featured on the obverse of the bill since 1928; the White House is featured on the reverse.

hope this helps

have a good day :)

Explanation:

Which of the following is an example of an industrial user:
a. A parent buying a picture frame for his/her desk
b. A hairstylist buying new scissors to perform haircuts
C. A family buying a new home computer
d. A teacher buying a book to read on vacation

Answers

Here is a picture of the definition hope that helps

Out of the given options a hairstylist buying new seasons to perform haircuts is an example of industrial user

What is a industry?

The economic activity in which the goods are being produced in factory or a service is being provided by a professional is known as a industry. In industry goods, services or raw materials are being produced.

What is the industrial revolution?

With the time being change industries have also changed their way to work. The new transition in the way of manufacturing is called industrial revolution.

What is economic activities?

An economic activity is a process which leads to manufacturing of a good or rendering of services based on inputs. It take place when an organisation or a person gather all such as capital, premise, labour ,manufacturing techniques and produce specific goods or service. It is done to gain profit.

Hence Option B is the corrrect answer,

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A baked goods company asked focus group participants to first privately taste and rate the flavor of the pastry on a number of characteristics and then discuss their reactions with other focus group participants. This is an example of: Conducting product testing simultaneously. Conducting primary and secondary research concurrently. Conducting quantitative and qualitative research simultaneously. Conducting market tests and taste tests concurrently.

Answers

Answer:

Conducting quantitative and qualitative research simultaneously.

Explanation:

Qualitative research is used to obtain the opinions of a target group about a particular subject mostly by use of open ended questions to gain information on non numerical data. It can be used to gather experiences or insights on an area of interest.

In this case the group participants are tasting the pastries and discussing their reactions. This is qualitative research.

Quantitative reseat on the other hand has to do with with numerical data and statistics.

In this case where the flavour of pastries are being rated it is quantitative research.

For example a rating of 9/10 can be given to a party flavour

any five differences between partnership
and Joint Stock company​

Answers

Partnership firms has no separate legal existence. Partnership Firm and partners are the same. Joint Stock company has separate legal existence. It is an artificial person created by law.

here's your answer..

4. You earn $64,000 per year. The government takes 35% in taxes.
a) What's your monthly net pay?
b) You have four months to save for a $3,000 car downpayment. If you save 20% of your net pay
each month, can you reach your savings goal?

Answers

Answer:

Explanation:

35% of $64,000 is $22,400

Yes you can cause if you save 20% of your monthly net pay in 4 months your gonna have $17,920

how does the financial system minimizes individual risk?

Answers

Answer:

To manage credit risk, the organization has to maintain credit exposure within the allowed bounds. One successful technique is via a risk assessment algorithm that evaluates how much a bank stands to lose on loan portfolio. Furthermore, loan choices are frequently dependent on the potential borrower's credit score and report.

Explanation:

Hope this helps!

Please mark me as Brainlinieast.

One strength of the team leadership model is ______. a. its complexity b. its application to real-life organizations c. changes in leaders disrupt the team process d. it provides specific answers to specific problems

Answers

Answer:

B. its application to real-life organizations

Explanation:

The answer to this is most likely B because the strength of the team leadership model is application to real-life organizations.

Suppose that dental hygienists are unionized in the eastern region of the country but not in the western region. If the unionized workers in the eastern region abolished their unions, employment a. and wages of dental hygienists in the eastern region would rise. b. of dental hygienists in the eastern region would rise, but wages of dental hygienists in the eastern region would fall. c. and wages of dental hygienists in the eastern region would fall. d. of dental hygienists in the eastern region would fall, but wages of dental hygienists in the eastern region would rise.

Answers

Answer: of dental hygienists in the eastern region would rise, but wages of dental hygienists in the eastern region would fall.

Explanation:

Since we are given the information that the dental hygienists in the Eastern region are unionized but that they're not unionized in the western region.

If the unionized workers in the eastern region abolished their unions, then the employment of dental hygienists in the eastern region would rise, but wages of dental hygienists in the eastern region would fall.

Since there's an abolishment of the union, the wages paid to the dental hygienist will reduce as there won't be a union to help fight for their needs and wages increase. Due to the reduction in wages, there'll be an increase in the number of dental hygienist employed.

Therefore, the correct option is B.

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