) Charmed, Inc. had net income of $53,000. Accounts Receivable increased by $28,000; inventory decreased by...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
) Charmed, Inc. had net income of $53,000. Accounts Receivable increased by $28,000; inventory decreased by $18,000; accounts payable increased by $4,000 and salaries payable decreased by $1,200. The amount of cash flow from operating activities under the indirect method is: ) Charmed, Inc. had net income of $53,000. Accounts Receivable increased by $28,000; inventory decreased by $18,000; accounts payable increased by $4,000 and salaries payable decreased by $1,200. The amount of cash flow from operating activities under the indirect method is:
Expert Answer:
Answer rating: 100% (QA)
The formula for calculating cash flow from operating activities under the indire... View the full answer
Posted Date:
Students also viewed these accounting questions
-
4. Two vectors A and B are sketched below. a. Write out these vectors in a component form b. Add these vectors together, in component form c. Add these vectors in a graphical form. Make sure to keep...
-
Why might a bank decline a loan to a company with a seemingly adequate current ratio of 2.0
-
Cash flow from operating activities (CFO) indicates the amount of money a company brings in from its ongoing, regular business activities, such as manufacturing and selling goods or providing a...
-
As the traffic manager for ABC Electronics, you have been charged with the task of reducing shipping costs for a fast selling cable product that is sold by the pound. You have a very satisfactory...
-
Describe what a qualified mortgage is and explain the elements of the ability to repay rule.
-
Brent Bush, CFO of a medical device distributor, BioTron Medical, Inc., was approached by a Japanese customer, Numata, with a proposal to pay cash (in yen) for its typical orders of 12,500,000 every...
-
Discuss, with reasons, whether boats held by the dealers on consignment should appear as inventory in the balance sheet of Swann SpA or the dealer.
-
A chemical firm produces sodium bisulfate in 100- pound bags. Demand for this product is 20 tons per day. The capacity for producing the product is 50 tons per day. Setup costs $ 100, and storage and...
-
(similar Part 1 of 5 points Points: 0 of 1 Save ti On January 1, 2016, Rapid Delivery Service purchased a truck at a cost of $80,000. Before placing the truck in service, Rapid spent $4,000 painting...
-
At the beginning of the year an investment fund was established with an initial deposit of $1,000. A new deposit of $500 was made at the end of four months. Withdrawals of $200 and $100 were made at...
-
While international trade has lifted millions out of poverty and fostered economic growth, concerns are rising about its impact on income inequality within countries. How can policymakers design...
-
1. Write a pseudocode or flowchart that will compute for ax given a positive integer x. real value a and 2. Write a pseudocode or flowchart that will compute and display the sum of the powers of x...
-
Throughout history, various art movements have challenged existing conventions and definitions of art itself. Considering the Dada movement's use of everyday objects and Marcel Duchamp's famous...
-
What best practices do you recommend for leading a virtual cross-cultural team? How will the organization onboard the interns and introduce them to U.S. culture? What are the benefits of the...
-
How do the unique grammatical features of polysynthetic languages, like Basque or Inuktitut, influence how speakers conceptualize reality and express themselves compared to speakers of more analytic...
-
Boston Electric Generators has been getting many complaints from its major customer, Home Station, about the quality of its shipments of home generators. Daniel Shimshak, the plant manager, is...
-
In the circuit shown in Figure 4, a battery supplies a constant voltage of 40 V, the inductance is 2 H, the resistance is 10, and l(0) = 0. (a) Find l(t). (b) Find the current after 0.1s.
-
Is the of a diversified conglomerate close to 1? Why?
-
As a result of a change in the nature of its business, there is a relative rise in the proportion of fixed costs in a group As total costs. Will this affect the risk attached to its share price? If...
-
What law of statistics explains that in the long term, risk disappears? State your views.
Study smarter with the SolutionInn App