Question 5 Not checked Marked out of 17.00 Flag question Take me to the text Use the following information to prepare the operating activities section of a statement of cash flows for Max's Catering Company for 2020 using the indirect method. Net Income $286,000 Increase in food and beverage inventory $22,900 Increase in accounts payable $15,000 $47,000 $19,000 $20,400 Depreciation expense Decrease in accounts receivable Loss on sale of land Do not enter dollar signs or commas in the input boxes. Use the negative sign for a decrease in cash. Cash Flow from Operating Activities Net Income Max's Catering Company Cash Flow Statement For the Year Ended December 31, 2020 Adjustments for Non-Cash Items Depreciation expense Loss on sale of land Change in Current Assets and Current Liabilities Decrease in accounts receivable Increase in food and beverage inventory Increase in accounts payable Net Cash Provided (Used) by Operating Activities Check tempt go to the end of the quiz and click on the "submit all and finish" button.

Stak Food Processing prepares ready-to eat meals. At Stark, the cost of prepared meals has a fixed component and a variable component related to the number of meals prepared. The cost and number of meals prepared at the kitchen for the past seven months are provided below. Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places Using the high-low method, What would be the expected cost of meals prepared for a month in which 503 meals are prepared? Variable Cost per Unit:S Fixed Cost: Total Cost Incurred: Stak Food Processing prepares ready-to eat meals. At Stark, the cost of prepared meals has a fixed component and a variable component related to the number of meals prepared. The cost and number of meals prepared at the kitchen for the past seven months are provided below. Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places Using the high-low method, What would be the expected cost of meals prepared for a month in which 503 meals are prepared? Variable Cost per Unit:S Fixed Cost: Total Cost Incurred