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Use the information below to answer the question: Net Income $80,000 Depreciation $13,000 Decrease in Accounts Payable $1,800 Decrease in Inventory $2,500 Increase in Mortgage
Use the information below to answer the question: Net Income $80,000 Depreciation $13,000 Decrease in Accounts Payable $1,800 Decrease in Inventory $2,500 Increase in Mortgage Payable $33,000 Increase in Common Stock $28,000 Increase in Accounts Receivable $5,000 What is the cash provided by financing activities? $62,800 $5,000 $61,000 $13,000 For the Years Ending December 31, 20x8 and 20x9 20x8 20X9 Changes $ $ % $ % Operating Revenue Rooms Food and Beverage Other Operated Departments Miscellaneous Income Total Operating Revenue 12,035,982 4,912,134 690,090 226,550 17,864,756 12,912,932 5,312,212 734,943 269,982 19,230,0691 Departmental Expenses Rooms Food and Beverage Other Operated Departments Total Departmental Expenses 2,754,812 2,891,872 282,132 5,928,816 2,745,392 2,882,831 254,459 5,882,682 Total Departmental Profit 11,935,940 13,347,387 Undistributed Operating Expenses Administrative and General Information and Telecommunications Systems Sales and Marketing Property Operation and Maintenance Utilities Total Undistributed Expenses 1,384,091 231,242 1,490,909 793,091 513,321 4,412,654) 1,399,099 224,232 1,486,932 798,092 508,898 4,417,253) Gross Operating Profit 7,523,286 8,930,134) 11.8% 10.2% 8.11% 12.9%
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