subject
Business, 27.05.2020 15:57 akimadixon13

The current sections of Metlock, Inc.’s balance sheets at December 31, 2019 and 2020, are presented here. Metlock’s net income for 2020 was $151,400. Depreciation expense was $24,200. 2019 2018 Current assets Cash $103,000 $97,100 Accounts receivable 110,000 80,800 Inventory 159,000 171,500 Prepaid expenses 26,000 25,000 Total current assets $398,000 $374,400 Current liabilities Accrued expenses payable $14,500 $9,100 Accounts payable 84,500 95,600 Total current liabilities $99,000 $104,700 Prepare the net cash provided by operating activities section of the company’s statement of cash flows for the year ended December 31, 2020, using the indirect method.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 19:30
The selling price of houses would be most likely to decrease if there were first a decrease in which of the following? a. new-housing construction. b. mortgage interest rates. c. the unemployment rate. d. construction workers' wages. 2b2t
Answers: 1
question
Business, 22.06.2019 00:00
Which of the following is a disadvantage to choosing a sole proprietorship business structure? question 9 options: the owner has personal responsibility for the company's liabilities. the owner has to share the profits with partners. the owner is still liable for personal debts. the owner has to report to shareholders.
Answers: 1
question
Business, 22.06.2019 01:50
Which value describes the desire to be one’s own boss? a. autonomy b. status c. security d. entrepreneurship
Answers: 2
question
Business, 22.06.2019 09:40
You plan to invest some money in a bank account. which of the following banks provides you with the highest effective rate of interest? hint: perhaps this problem requires some calculations. bank 1; 6.1% with annual compounding. bank 2; 6.0% with monthly compounding. bank 3; 6.0% with annual compounding. bank 4; 6.0% with quarterly compounding. bank 5; 6.0% with daily (365-day) compounding.
Answers: 3
You know the right answer?
The current sections of Metlock, Inc.’s balance sheets at December 31, 2019 and 2020, are presented...
Questions
question
Biology, 24.09.2019 03:30
question
Chemistry, 24.09.2019 03:30
Questions on the website: 13722367