The net income for Mongan Co. for 2022 was $280,000. For 2022, depreciation on plant assets was $70,000, and the company incurred a loss on disposal of plant assets of $28,000. Compute net cash provided by operating activities under the indirect method, assuming there were no other changes in the company's accounts.
Answers
The amount of net cash is $3,78,000, and the cash flow statement is shown in the image given below.
What is cashflow statement?A cash flow statement is also known as a statement of cash flows. It is a financial statement in financial accounting that demonstrates how changes in balance sheet accounts and income effect cash and cash equivalents, and divides the analysis into operating, investing, and financing activities.
Therefore, the cashflow statement of the given information is presented in the image below.
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Related Questions
Assume the following for a company whose sales are all on account: The total asset turnover is 1.8. The average total assets is $600,000. The accounts receivable turnover is 9.00. The average accounts receivable balance is closest to:
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The average accounts receivable balance is closest to $120,000.
What is the average accounts receivable balance?The average accounts receivable balance is the addition of beginning and ending accounts receivable divided by two.
For instance, if the average accounts receivable balance is $120,000, then the total accounts receivable is $240,000 ($120,000 x 2).
Data and Calculations:Assets turnover = 1.8
= (Net sales/Average Total Assets)
Average total assets = $600,000
Accounts receivable turnover = 9.00
= (Net Sales/Average Accounts Receivable)
Net sales = $1,080,000 ($600,000 x 1.8)
Average Accounts Receivable = $120,000 ($1,080,000/9)
Thus, the average accounts receivable balance is closest to $120,000.
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Capital ______ is the decision-making process for accepting and rejecting projects.
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Answer:
budgeting
Explanation:
Imagine you are an entrepreneur starting a new video game company. What kind of financing would you most likely use to test out your new business idea
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Bootstrapping corresponds to the type of funding that could be used for an entrepreneur to test his new business idea.
What is bootstrapping?It is the use of personal resources to start a new business, not resorting to capital from external investors for this purpose, with the capital inflow only arising from the entrepreneur and customers.
Therefore, bootstrapping can be advantageous by giving full responsibility and management to the entrepreneur, but as disadvantages, there is increased personal risk and slow business growth.
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Products in the Blank______ stage of the product life cycle tend to consume a disproportionate share of management and financial resources relative to their future worth.
Answers
Answer:decline
Explanation:
products in the DECLINE stage of the product lifestyle tend to consume
Drag each label to the correct category. the fictional country of kovasia decides to open its market to foreign businesses. what positive and negative effects will kovasia likely experience? the volume of exports will increase. people may lose jobs to outsourcing. goods and services may become less expensive. domestic products may become less popular.
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The positive effect of market opening is that goods and services would be cheaper (option C), while the negative effect is that local products are consumed less (option D).
What is market opening?Market opening is a term that refers to the action of a state to open its economy so that foreign companies send their products to that country.
The opening of the market is an economic activity that brings benefits and harm to the economy of a country because it diversifies the products that are on the market for citizens.
However, it has negative effects such as local products sometimes being the most expensive or losing popularity compared to imported ones, so people consume less of them.
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Answer:
Post Test: The Contemporary World
Explanation:
Positives:
The volume of exports will increase.
Goods and services may become less expensive.
Negatives:
People may lose jobs to outsourcing
Domestic products may become less popular.
3. Which website did you use to find the image you used in your career presentation? Complete sentences are not necessary. (2.0 points)
Needed ASAP
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The best kind of image to use for career presentation if you don't want to buy one is a Royalty-Free or Free License image.
How can you find Royalty-Free Images?In order to find and download Royalty-Free Images, you will need to run an internet search using the keyword "Royalty-Free Images" or "License-Free Images".
An image is a Royalty-Free Image if you are not required to pay before downloading it.
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Which step of an ethical analysis is designed to enable a manager to obtain guidance or insights from other managers
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The act of searching for precedents is one that is designed to enable a manager to obtain guidance or insights from other managers.
What is an ethical analysis?In a firm, this refers to the systematic approach that helps in figuring out the right moral decision in a particular situation.
The step of an ethical analysis includes:
Getting all the pertinent factsDetermining who is affectedListing and researching optionsMaking a decisionPreparing for the consequencesRead more about ethical analysis
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Any type of communication occurring via a technological channel is a form of __________ communication.
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Any type of communication occurring via a technological channel is a form of mediated communication.
What is mediated communication?mediated communication serves as any situation where a technological medium is used to pass across information via face-to-face interaction.
Therefore, mediated communication includes interpersonal access as well as media-simulated interpersonal communication.
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Jamal and keisha are considering entering into an agreement to trade tasks. how can specialization of labor benefit jamal and keisha? check all that apply. jamal can specialize in washing cars, because he has the comparative advantage. keisha can specialize in washing cars, because she has the comparative advantage. specialization allows them to collectively mow 3 more lawns and wash 3 more cars every three days. specialization allows them to collectively mow 12 more lawns and wash 27 more cars every three days. specialization allows them to earn more money.
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The ways in which specialization of labor can benefit them would be: Keisha can specialize in washing cars because she has a comparative advantage.
What is Specialization of Labor?Specialization of Labor is a division of labor that involves breaking down activities into a simpler set of tasks so that each participant participates hand in hand and no individual is being overworked, and to promote efficiency.
From the given information, the correct options are:
Keisha can specialize in washing cars because she has a comparative advantage.Specialization allows them to collectively mow 3 more lawns and wash 3 more cars every three days.Specialization allows them to earn more money.Learn more about specialization here:
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Answer:
B C E
Explanation:
The cost of assets consumed or services used is also known as:.
Answers
Answer:
It is called expense. that is the correct answer. Give me Brainiliest.
9. While parked on the street overnight, the passenger window in Sam's car was
smashed by someone trying to break in. Which type of auto insurance
coverage will help cover the cost to get the window replaced?
Liability
Answers
Liability insurance coverage will help cover the cost to get the window replaced in this case.
What is Insurance?This is defined as a means of protection from financial loss and include auto and health insurance etc.
Liability insurance will pay for property damage or injuries to another person caused when the individual is at fault. In this case, parking on the street makes the individual to be liable.
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A corporation issued 200 shares of its $5 par value common stock in payment of a $2,800 charge from its accountant for assistance in filing its charter with the state. The entry to record this transaction will include:
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The journal entry records the transaction by debiting the corporate expense by $2,800 and crediting the common stock by $1,000 with the remaining amount transferred to additional capital as $1,800.
What is a journal entry?Journal entry is passed in the accounting books to record the financial transactions made by a company. It shows a dual effect on every transaction where one account is debited and another account is credited.
The charge from the accountant is an expense for the company, that is, $2,800, the issue of common stock for payment is the equity of the company, that is, $1,000 and the excess amount left should be treated as additional capital in excess of par, that is, $1,800.
The journal entry is as follows:
Particulars Debit Amount Credit Amount
Corporate expenses $2,800
Common stock (200 shares X $5 ) $1,000
Additional capital ($2,800-$1,000) $1,800
Therefore, the journal entry is passed by making a debit of $2,800 to corporate expenses and a credit of $1,000 in common stock as well as $1,000 in additional capital.
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Your business pays $1,200 per year for insurance, but the insurance company has offered a 15% discount if you complete an online safety class. How much will your new annual insurance cost be if you complete the online safety course
Answers
Answer:
$1,020
Explanation:
15% of 1200 = 180
1200-180= 1020
Ben's Bookstore buys $500 worth of books on credit to sell in its retail store. When Ben records this transaction, how should he list this $500
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Based on the fact that the books were bought on credit, to sell at Ben's Bookstore, the $500 should be listed separately as assets and liabilites.
How should Ben list the $500?The $500 is a liability because Ben acquired the books on credit which means the store owes the supplies for them.
The $500 is also an asset however because it represents stock in the business which makes it a current asset.
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FOB Destination requires that the supplier legally retain ownership of the product being shipped until it reaches the destination.
A. True
B. False
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whereas with FOB origination the buyer takes ownership of the product immediately upon shipment.
true
Mass media advertising is an example of a _________ strategy.
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Mass media advertising is a typical example of marketing strategy to increase brand awareness of a product.
What is an Advertisement?Advertisement can be defined or thought of as a compaign orgainised and funded by a firm to tell the public about a new product.
In recent times, firms rely heavily on social media advetisement.
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Assume the marginal propensity to save is 0.10. Firms become optimistic and increase investment spending by $10 billion. Other things being equal, real GDP will:
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The real GDP will increase by $20 billion if the MPS equals 0.10 and investment spending increases by $10 billion.
What is MPS?MPS stands for marginal propensity to save which is determined by deducting the MPC value from 1. This value is used in computing the investment multiplier.
Given values:
MPS = 0.10
Change in investment spending (increase) = $10 billion
Computation of change in real GDP (increase):
[tex]\rm\ Change \rm\ in \rm\ real \rm\ GDP=\rm\ Multiplier\times\ \rm\ Change \rm\ in \rm\ investment \rm\ spending\\\rm\ Change \rm\ in \rm\ real \rm\ GDP=\frac{1}{MPS}\times\ \$10\rm\ billion\\\rm\ Change \rm\ in \rm\ real \rm\ GDP=10\times\ \$10\rm\ billion\\\rm\ Change \rm\ in \rm\ real \rm\ GDP=$20\rm\ billion[/tex]
Therefore, when the investment spending increased by $10 billion with MPS equal to 0.10 then the real GDP will also increase by $20 billion.
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________ models assist top-level managers in long-range planning, such as stating company objectives or planning plant locations.
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Strategic models assist top-level managers in long-range planning, such as stating company objectives or planning plant locations.
Strategic modelsStrategic planning tools, or models, are designed to help organizations develop their action plan to achieve their goals. It is also referred to as how an organization takes its strategy and creates a plan to implement it to improve operations and better meet their goals.
Therefore, the models that assists top-level managers in planning is known as Strategic models.
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Which is not an example of a risk management strategy?.
Answers
Buying a new car is not an example of a risk management strategy.
What do you mean by risk management strategy?A risk management strategy is a systematic and consistent approach to identifying, assessing, and managing risk.
Travel insurance is an example of this. We do not accept the risks of a lost suitcase or an accident abroad, as well as the associated costs; instead, we pay a travel insurance company, so that they bear the financial consequences.
Thus, Buying a new car is not an example of a risk management strategy.
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Wi-Fi, Inc., reported a net income of $50,000 for the current year. The beginning and ending balances for Retained Earnings for the year are $100,000 and $130,000 respectively. How much did Wi-Fi pay as dividends for the year
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The total value of dividends paid to the shareholders of Wi-Fi, Inc. for the year given the change in retained earnings and income is $20,000.
What is the dividend paid?
Dividend is the amount paid to shareholders of a public company out of the net income earned by a company in a particular period.
Dividend paid = net income - change in net income
Change in net income = $130,000 - $100,000 = $30,000
Dividend paid = $50,000 - $30,000 = $20,000
Secret Trails received payment in full within the credit period for horse boarding for $1,300 plus 4% sales tax. Terms of the sale were 3/10, n/30. Which entry is required to record this
Answers
The appropriate journal entry is:Debit Cash $1313; debit Sales Discount $39; credit Accounts Receivable $1352.
Journal entryBased on the information given the correct entry to record this transaction is:
Debit Cash $1313
{$1300+[($1300×4%)-($1300×3%)]}
[$1300+($52-$39)]
Debit Sales Discount $39
($1300×3%)
Credit Accounts Receivable $1352
[$1300 + ($1300×4%)]
Inconclusion the appropriate journal entry is:Debit Cash $1313; debit Sales Discount $39; credit Accounts Receivable $1352.
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Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $130,854. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $79,600, and annual cash outflows would increase by $41,000. Compute the cash payback period. (Round answer to 2 decimal places, e. G. 10. 52. )
Answers
The cash payback period of the long-term investment project called ZIP is 3.39.
Computation of the cash payback periodThe cash payback period can be computed as follows:
Annual net benefit = Annual cash inflows - Annual cash outflows
Annual Net benefit = $79,600 - $41,000
Annual Net benefit = $38,600
Therefore, we have:
Cash payback period = Initial investment / Annual net benefit
Cash payback period = 130,854 / $38,600
Cash payback period = 3.39
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A major source of inefficiency in barter economies is that they require:.
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A major source of inefficiency in barter economies is that they require a. a double coincidence of wants in exchange.
What are the causes of a barter system's inefficiency?The barter system is 'inefficient' because a 'double coincidence of wants' is required. Bartering between two parties requires that both parties have what the other wants.
There is no standard unit of account/common measure of value.
Therefore, the Barter system is considered an 'inefficient' system.
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Technical name for a savings account is
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TD Ameritrade is a company that buys and sells stocks and bonds as well as providing its customers with advice on when to buy and when to sell. TD Ameritrade is an example of a _____, a type of nondepository financial institution. finance company stock insurance company brokerage firm commodity broker mutual broker
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Customers can trade financial assets such as common stocks, preference shares, futures markets, exchange-traded funds.
Currencies, choices, bitcoin, mutual funds, fixed interest securities, margin borrowing, and cash management through TD Ameritrade's electronic trading platform.
Thus Option C is correct.
Write about TD Ameritrade?TD Ameritrade is one of the industry's best online brokerages, earning it the title of best brokerage for beginners in our rankings.
The award-winning thinkorswim trading platform is a favorite among active traders since it provides a strong yet user-friendly tool that is suitable for both pros and novices.
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When organizing a business, some of the manager's main departments would include _____.
accounting
utilities
marketing
cleaning
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When organizing a business, some of the manager's main departments would include marketing. As in organizing of the business marketing plays an essential role.
What is organizing in business?The process of identifying and organizing work to be done, defining and allocating responsibility and authority, and building relationships.
The purpose of allowing people to work together more effectively to achieve goals is known as organizing.
Thus, marketing is important in organizing.
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A family of three living in georgia is thinking about filing bankruptcy. in order to file for chapter 7 bankruptcy, what must be true about their monthly income? a. the family's monthly income must be less than $5,092. b. the family's monthly income must be more than $5,092. c. the family's monthly income must be less than $4,605. d. the family's monthly income must be more than $4,605.
Answers
Answer: A. The family’s monthly income must be less than $5,092
Explanation: edge 2022
If the Pomegranate and the iZac cost $4,000 each, how many of each should the school buy to keep the cost as low as possible
Answers
Answer:
10987654321
Explanation:
12345678910
A ________ state is one with unstable leadership, whose policies are driven by ideology rather than by economic or human costs and benefits.
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A rogue state is one that has unstable leadership and the policies are driven by ideologies instead of economic costs or benefits.
What is a state?A state is a territory that belongs to one country. It is having its own government which runs that particular state or province.
A rogue state is a kind of state which is responsible for shattering and disrupting global laws and is also considered a danger to other countries or nations in the whole world. North Korea, Libya, Iran, Iraq, and Cuba are labeled as rogue states. These states are not driven by an economy and are actually driven by the ideologies developed by their presidents.
Therefore, the state is driven by ideologies instead of an economy that is considered to be a rogue state.
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Ahmad Couture has bonds outstanding with a face value of $1,000, 11 years to maturity, and a coupon rate of 6 percent paid semiannually. What is the company's pretax cost of debt if the bonds currently sell for $1,067.12
Answers
Ahmad Couture pretax cost of debt if the bonds currently sell for $1,067.12 is 2.6%.
What is the pretax cost of debt?A bond is a debt instrument used by businesses to raise capital needed for business operations.
The company's pretax cost of debt can be determined using a financial calculator:
Cash flow in year 0 = -1067.12Cash flow each year from period 1 to 22 = (6% / 2) x 10000 = $30 Cash flow at the end of period 22 = 1000 company's pretax cost of debt = 2.6%To learn more about bonds, please check: https://brainly.com/question/13326746
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