The net income of the company is $120. Accounts payable increase by $20, depreciation is $15, and equipment is purchased for $40. If the firm issued $110 in new bonds, what is the total change in cash for the firm for all activities?
A. increase of $225
B. increase of $130
C. decrease of $195
D. decrease of $110
A. increase of $225
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The audit test of control "Review and test procedures for issuing materials to manufacturing departments" provides assurance mainly for the occurrence assertion for inventory management.
Answer the following statement true (T) or false (F)
Answer the following statements true (T) or false (F)
1.Jan and Betsy are in a relationship that is based on a complementary conflict style. The partners display symmetrical behaviors that are mutually reinforcing. 2.The more awful we think conflict is, the more we typically try to avoid it. 3.By its very nature, conflict is always a negative force in a relationship. 4.When Kenny and Benny handle conflict well, it helps the couple develop insights into their relationship and more effective means of relating to one another. 5.Conflict helps us to increase our understanding of one another and our perceptions of closeness and trust.
Hubbard Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During January, the kennel budgeted for 2,100 tenant-days, but its actual level of activity was 2,060 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for January:Data used in budgeting: Fixed Element per MonthVariable element per tenant-dayRevenue - $31.10 Wages and salaries$2,300 $7.20Food and supplies 1,000 8.10Facility expenses 9,500 2.70Administrative expenses 7,000 0.30Total expenses$19,800 $18.30?Actual results for January: ?Revenue$63,606 Wages and salaries$17,282?Food and supplies$18,346?Facility expenses$14,432?Administrative
expenses$7,408???The net operating income in the flexible budget for January would be closest to: A. $6,021 B. $6,568 C. $6,257 D. $7,080
Sam and Sandy have an agreement whereby Sam will build a house on Sandy's beachfront lot
Before construction begins, Sandy changes her mind and decides she would rather build an addition onto her home in Baltimore. She discusses this with Sam, and they agree that he would build the addition to her home and not build the beach house. In this case, Sandy and Sam have: A) Entered into an accord and satisfaction that will discharge the original contract only upon performance of the second contract. B) Entered into a substituted contract that will discharge the original contract upon formation of the second contract. C) Entered into a substituted contract that will discharge the original contract only upon performance of the second contract. D) Exercised a force majeure clause that will discharge the original contract only upon performance of the second contract.