Assume that there were no sales of long-term assets, no interest revenue, and no expenses other than the expenses shown above. Also, assume that Accounts Payable are for purchases of merchandise inventory only. Accrued liabilities relate to operating expenses. What amount will be shown for the net cash provided by operating activities?
Optics Company uses the direct method for preparing its statement of cash flow. Optics reports the following information regarding 2019:
From the income statement:
Sales Revenues, $266,000
Cost of Goods Sold, $212,000
Operating Expenses, $37,000
Net Income $17,000
A) $64,300
B) $24,300
C) $17,000
D) $9300
B) $24,300
You might also like to view...
The sales–productivity ratio assigns floor space on the basis of sales or profit per foot
Indicate whether the statement is true or false
A company estimates total overhead costs for the next year to be $1,200,000 and wishes to use direct labor hours as its overhead allocation base. This company makes two products: (1) Fancy X, which requires three direct labor hours per unit, and (2) Plain X, which requires one direct labor hour per unit. If the company plans to make 10,000 units of Fancy X and 10,000 units of Plain X, then each unit produced will be allocated the same amount of overhead.
Answer the following statement true (T) or false (F)
Answer the following statement(s) true (T) or false (F)
1. Kouzes and Posner (2012) believe that leaders establish their credibility through the practice of encouraging the heart. 2. According to the transformational approach, moral leadership results in actions that are consistent with the needs, interests, and aspirations of the followers. 3. Creative leadership states that leaders who are able to develop a strong reservoir of group energy will be better able to energize those with whom they work.
________ is a planning and control system that regulates the flow of work-in-process materials at the bottleneck or the capacity constrained resource in a productive system
Fill in the blanks with correct word