subject
Business, 16.07.2020 01:01 claudia3776

The information below was obtained from the financial statements of Faraday Corp. Based on this information, what was the amount of the net cash provided by operating activities during the current year? Prior Year Current Year
Net Income $500,000 $655,000
Depreciation Expense 60,000 72,000
Accounts Receivable 89,000 78,000
Inventory 116,000 142,000
Accounts Payable 120,000 117,000
Salaries and Wages Payable 56,000 68,000
A. $721,000
B. $661,000
C. $713,000
D. $637,000

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 19:30
What would be the input, conversion and output of developing a new soft drink
Answers: 3
question
Business, 22.06.2019 07:00
Need true or false 1 2 3 4 5 6 7 8
Answers: 1
question
Business, 22.06.2019 09:00
Harry is 25 years old with a 1.55 rating factor for his auto insurance. if his annual base premium is $1,012, what is his total premium? $1,568.60 $2,530 $1,582.55 $1,842.25
Answers: 3
question
Business, 22.06.2019 11:40
Fanning company is considering the addition of a new product to its cosmetics line. the company has three distinctly different options: a skin cream, a bath oil, or a hair coloring gel. relevant information and budgeted annual income statements for each of the products follow. skin cream bath oil color gel budgeted sales in units (a) 110,000 190,000 70,000 expected sales price (b) $8 $4 $11 variable costs per unit (c) $2 $2 $7 income statements sales revenue (a × b) $880,000 $760,000 $770,000 variable costs (a × c) (220,000) (380,000) (490,000) contribution margin 660,000 380,000 280,000 fixed costs (432,000) (240,000) (76,000) net income $228,000 $140,000 $204,000 required: (a) determine the margin of safety as a percentage for each product. (b) prepare revised income statements for each product, assuming a 20 percent increase in the budgeted sales volume. (c) for each product, determine the percentage change in net income that results from the 20 percent increase in sales. (d) assuming that management is pessimistic and risk averse, which product should the company add to its cosmetics line? (e) assuming that management is optimistic and risk aggressive, which product should the company add to its cosmetics line?
Answers: 1
You know the right answer?
The information below was obtained from the financial statements of Faraday Corp. Based on this info...
Questions
question
Mathematics, 27.01.2021 21:30
question
Law, 27.01.2021 21:30
question
Mathematics, 27.01.2021 21:30
Questions on the website: 13722363