Ray inc.'s balance sheets at december 31, 2021 and 2022, are presented here. ray's net income for 2022 was $254,000. depreciation expense was $42,000. prepare the operating activities section—indirect method. 2022 2021 current assets cash $ 62,000 $ 89,000 accounts receivable 85,000 69,000 inventory 78,000 62,000 prepaid expenses 17,000 19,000 total current assets $242,000 $239,000 current liabilities accrued expenses payable $ 6,000 $ 16,000 accounts payable 88,000 72,000 total current liabilities $ 94,000 $ 88,000

Lauer corporation uses the periodic inventory system and has provided the following information about one of its laptop computers: date transaction number of units cost per unit 1/1 beginning inventory 210 $ 910 5/5 purchase 310 $ 1,010 8/10 purchase 410 $ 1,110 10/15 purchase 255 $ 1,160 during the year, lauer sold 1,025 laptop computers. what was cost of goods sold using the lifo cost flow assumption?

Which of the statements best describes why the aggregate demand curve is downward sloping? an increase in the aggregate price level causes consumer and investment spending to fall, because consumer purchasing power decreases and money demand increases. as the aggregate price level increases, consumer expectations about the future change. as the aggregate price level decreases, the stock of existing physical capital increases. as a good's price increases, holding all else constant, the good's quantity demanded decreases.

Sally has a high-paying management position with a fortune 500 company, but she is tired of working for corporate america. so sally has decided to start a business, and she knows she will be successful as an entrepreneur because entrepreneurs typically