Business High School

Rogers Company reported net income of $35,000 for the year. During the year, accounts receivable increased by $7,000, accounts payable decreased by $3,000 and depreciation expense of $8,000 was recorded. Net cash provided by operating activities for the year is

Answers

Answer 1

As per the given question, the net cash provided by operating activities for the year is $33,000.

What is net income?

Net Income refers to the sales minus cost of goods sold and other operating expenses.

The net cash provided by operating activities for the year is $33,000 (35,000+8,000-7,000-3,000).

Therefore, Net cash provided by operating activities for the year is $33,000.

Learn more about Net income here:

https://brainly.com/question/15570931

#SPJ1

Related Questions

Companies create a division of labor among employees in order to: 0 a. allow each employee to perform one task at a high level. b. gain access to more human and physical capital. c. reduce the opportunity cost for hiring new employees. o d. make it easier to shift employees between different jobs.

Answers

Companies create a division of labor among employees in order to allow each employee to perform one task at a high level

What is division of labor?

It involves Sharing of duties or job among individuals or employee.

An employee is allowed to handle a particular task for efficiency.

Therefore, Companies create a division of labor among employees in order to allow each employee to perform one task at a high level

Learn more on labor below?

https://brainly.com/question/25803580

#SPJ1

A market economy is driven by the economic principle of.

Answers

Answer:

A market economy functions under the laws of supply and demand. It is characterized by private ownership, freedom of choice, self-interest, buying and selling platforms, competition, and limited government intervention. Competition drives the market economy as it encourages efficiency and innovation.

Explanation:

Which statement indicates the impact of globalization on the African farming community?

Answers

The statement that indicates the impact of the Globalization on the African farming community is use of modern methods of farming increased the crop production of the people.

What is Globalization?

Globalization is a term which refers to the interconnection and interaction of the economy with that of the world's economy. It involves the exchange of the knowledge, trade, technology and even people.

The complete image of the question is attached below.

The African farmers faced many challenges but still they are graced with a very appropriate soil type, which has been aided by modern irrigation practices, fertilizers.

Many of the international aggro-processing company that set up factory near the village in the hopes of obtaining easy and cheap labor. As a result of these factors, people's crop production has increased dramatically.

Learn more about farming here:

https://brainly.com/question/12586721

#SPJ1

A postaudit is a valuable process because blank______. multiple choice question. it forces companies to fire employees who made poor estimates during the decision making process it gives managers something to do after they are done with the decision-making process actual values can be used to determine if the project is performing as expected

Answers

A postaudit is a valuable process because Actual values can be used to determine if the project is performing as expected.

What is the purpose of the postaudit and audit process?

Postaudit is been done after an audit has been made to get the deep inspection needed about the project at hand.

Audit process help with the inspection of various books of accounts as well as other information that is needed to be go through as regards the project.

But with the postaudit, Actual values can be known.

learn more about audit process at :

https://brainly.com/question/20713734

#SPJ1

Henna Company produces and sells two products, Carvings and Mementos. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 58,000 units of each product. Income statements for each product follow. Carvings Mementos Sales $ 974,400 $ 974,400 Variable costs 779,520 194,880 Contribution margin 194,880 779,520 Fixed costs 46,880 631,520 Income $ 148,000 $ 148,000 rev: 09_29_2021_QC_CDR-376 Required: 1. Compute the break-even point in dollar sales for each product. (Enter CM ratio as percentage rounded to 2 decimal places.)

Answers

The computation of the break-even point in dollar sales for each product is as follows:

Carvings = $234,400 ($46,880/0.2)

Mementos = $789,400 ($631,520/0.8)

What is the break-even point?

The break-even point represents the dollar sales or units at which the entity does not incur any loss or earn any profit.

At the break-even point, the total costs are equal to the total revenue.

Data and Calculations:

Carvings Mementos

Sales $ 974,400 $ 974,400

Variable costs 779,520 194,880

Contribution margin 194,880 779,520

CM Ratio 20% 80%

Fixed costs 46,880 631,520

Income $ 148,000 $ 148,000

Break-even point = Fixed costs/CM Ratio

Thus, the break-even points in sales dollars are Carvings, $234,400,, and Mementos, $789,400.

Learn more about the break-even point at https://brainly.com/question/15281855

#SPJ1

Prepaid expenses are eventually expected to become.

Answers

Answer:

Free for the next (for example) month until the time the time is due, considering you paid for 2 months rent in the midst of one.

Explanation:

trust

An investment had a nominal return of 11.7 percent last year. The inflation rate was 4.4 percent. What was the real return on the investment?

Answers

The real return on this investment equals to 7.3%.

What is a real return on an investment?

This refers to the amount earned on an investment after accounting for taxes and inflation.

Real return = Nominal return - Inflation rate

Real return = 11.7% - 4.4%

Real return = 7.3%

Therefore, the real return on this investment equals to 7.3%.

Answers

The delay between the deduction of the payment amount from the customer's checking account and the time in which that amount is received by the vendor is treated as the collection float.

Option C is the correct answer.

What is meant by collections?

Collections are the amount that has yet to be received by the company from the customers.

When the amount paid by the customer gets deducted from his/her bank account and the same amount earned by the selling party for spending further, then the duration between deduction and its reach to the vendor is considered as a collection float.

Therefore, the collection float represents the time of receiving payment to the vendor with its initial deduction from the customer's account.

Learn more about the collection float in the related link:

https://brainly.com/question/15854385

#SPJ1

Managers must recognize that motivating individuals today requires: Multiple select question. that all cultures and subcultures respond to the same methods familiarity with a variety of cultures from around the world that generations have different cultures understanding of different cultures within a country

Answers

Managers must realize that motivating individuals requires

understanding of different cultures within a country.familiarity with a variety of cultures from around the worldthat generations have different cultures.

What is culture?

This is a way of life of a group of people. The term has to do with the way that the people of the nation behave and what differentiates them from other people.

The culture around the work place is diverse due to the fact that the people are from various places in the world.

Answers

The control function of management are:

Takes corrective action when necessary.Measures performance relative to the planned objectives and standards.Reward people for work well done.

What is control function?

The control function of management helps those in authority check and ensure that any error observed are quickly corrected and also assist to prevent reoccurrence.

Hence, the control function of management are takes corrective action when necessary and measures performance relative to the planned objectives and standards.

Learn more about control function here : https://brainly.com/question/26743467

#SPJ1

What is the area of the triangle below?
4
18

Answers

72 its because 4 x 18 equals 72

Identify the group that did not experience the Tragedy of the Commons.
a) Pilgrims who landed at Plymouth Rock
b) Cigarette companies in the U.S.
c) Taxpayers in the Savings and Loan Crisis in the 1990’s
d) Fisherman on the high seas
pls answer

Answers

The group that did not experience the tragedy of the Commons is Taxpayers in the Savings and Loan Crisis in the 1990’s. This is further explained below.

What is the tragedy of the Commons.?

Generally, tragedy of the Commons is simply defined as when overconsumption and underinvestment lead to a common pool resource's depletion, an issue known as the tragedy of the commons.

In conclusion, Taxpayers in the Savings and Loan Crisis of the 1990s were the only group to escape the tragedy of the commons.

Read more about tragedy of the Commons.

https://brainly.com/question/9680058

#SPJ1

Zion company sells merchandise on credit to brc, inc. in the amount of $1,200. the entry to record this sale would include a: (check all that apply.)

Answers

The entry to record the sale of merchandise would include

-Debit to Accounts Receivable

-Credit to Sales

What is journal entry?

Journal entry refers to how business transactions are recorded for ease of reconciliation.

Typically, when goods are sold, the accounts receivable is debited, while sales is credited.

Hence, the entry to record the sale of merchandise would include debit to Accounts Receivable and credit to sales.

Learn more about journal entry here : https://brainly.com/question/18724119

#SPJ1

John is a registered agent with ABC Brokerage, a registered securities broker-dealer in the State. Mike is a registered agent of XYZ Insurance Brokerage, a registered insurance agency in the State. John is not registered with the State to sell insurance and Mike is not registered with the State to sell securities. Mike verbally agrees with John that Mike will tell his insurance clients to do their securities trades with John, for which John will pay Mike 25% of the commission charged to the customer. This is a violation known as:

Answers

In this question the violation that is committed here is what is called splitting commission.

What is splitting commission?

This can be described to be a commission that is split between two people or more.

The commission is split when the person that got the job decides to split with the other party that linked him up with a client.

Answers

Strategic planning is the type of planning used by team of Star bank.

What is strategic planning?

Strategic planning is a type of planning that is channeled towards a purpose.

Companies make use of strategic planning to help focus on a particular goal or aim

Therefore, Strategic planning is the type of planning used by team of Star bank.

Learn more on strategic planning below

https://brainly.com/question/17924318

#SPJ1

Select all the correct answer.
What type of factor of production is a bulldozer?
Oland
O labor
O capital
O entrepreneur

Answers

Answer:

capital

Explanation:

bulldozer is bought with capital.

Some employees at a clothing manufacturer investigate pay rates on Salary and learn that the company has been paying them significantly more than the national average for their jobs. In this case, what is the most likely reason for this

Answers

In this case, the most likely reason for this is The employees will conclude that there must be regional differences in pay.

What is a Pay Difference?

This refers to the discrepancy that exists when a person is paid a different amount to another person who is performing the same or similar work and can be affected by things like location, etc.

Hence, we can see that based on the fact that the employees of the cloth store make an investigation into their pay rates and find out that there is a price discrepancy that is higher than the national average, they would conclude that there must be regional differences in pay.

Read more about price differences here:

https://brainly.com/question/25565797

#SPJ1

A firm evaluating two mutually exclusive projects can Blank______. Multiple select question. accept one of the projects reject both projects accept both projects reject one of the projects

Answers

When a firm is evaluating two projects that are mutually exclusive, they can:

accept one of the projects.reject both projects.reject one of the projects.

What happens when a firm has mutually exclusive projects?

Mutually exclusive projects mean that only one project can be embarked on at any given point.

This means that a firm will have to accept one project, and reject the other. They could also reject both projects.

The options are:

accept one of the projects reject both projects accept both projects reject one of the projects

Find out more on mutually exclusive projects at https://brainly.com/question/20709619.

#SPJ4

Prepare a dialogue on the topic Possibitics of Rural Tourism in Nepal "

Answers

...Sky-Dive... creates new social and economic opportunities, awareness, improve the quality of rural life, and promote sustainable development of communities.

Which loan type allows you borrow up to the cost of attendance, minus other aid you have received?.

Answers

A subsidized loan allows a borrower to borrow an amount up to the cost of attendance, minus other aids or benefits received by the person.

What is a subsidized loan?

A student loan, the facility of which is available only for students, allowing them to borrow any amount up to the cost of their attendance after subtracting the financial aids received, is known as a subsidized loan.

Hence, the significance of a subsidized loan is aforementioned.

Learn more about subsidized loan here:

https://brainly.com/question/2256061

#SPJ1

Savannah Corporation purchased 35,000 shares of common stock of the Boulet Corporation for $50 per share on January 2, 2017. During 2017, Boulet Corporation had 140,000 shares of common stock outstanding, paid cash dividends of $120,000, and reported net income of $320,000. Savannah Corporation should report revenue from investment for 2017 in the amount of $30,000. $50,000. $80,000. $0.

Answers

Savannah Corporation should report revenue from investment for 2017 in the amount of $80,000.

Amount to be reported as revenue

First step

Percentage ownership=35,000/140,000 shares ×100

Percentage ownership=25%.

Second step

Using equity method

Revenue from investment=25%× $320,000

Revenue from investment=$80,000

Therefore Savannah Corporation should report revenue from investment for 2017 in the amount of $80,000.

Learn more about revenue here:https://brainly.com/question/24280609

#SPJ4

In the context of influence tactics, _____ is particularly effective for gaining support and resources for a new project.

Answers

In the context of influence tactics, consultation is particularly effective for gaining support and resources for a new project.

What is Consultation?

This refers to the external use of a person or source to gain knowledge or seek perspective about a particular thing.

Hence, we can see that in the context of influence tactics, the use of consultation is a very effective tool as it can be used to gather support and resources for a given project due to the involvement of external forces.

Read more about influence tactics here:

https://brainly.com/question/13931577

#SPJ1

Competition among economic units ______. Multiple select question. should not occur within a market system diffuses economic power within the businesses and households that make up the economy. implies that producers can enter or leave an industry is not congruent with the concept of self-interest

Answers

The Competition among economic units diffuses economic power within the businesses and households that make up the economy.

What is Economy?

Economy refers to the area or the region which produces the goods and services. It implies to the wealth and the resources of the nation. It involves the management of the finances. for example :- the stock market system of the United States.

The competition among the business leads to the innovation of the new products and the services which in turn is beneficial for the customers. It diffuses the economic power as the income earned gores in the market and the household.

Thus it helps in the economic growth of the nation. Therefore the correct option is diffuses economic power within the businesses and households that make up the economy.

Learn more about Economy here:

https://brainly.com/question/2421251

#SPJ1

Andy has a parcel with an elevation that is substantially lower than most of the neighboring properties. in order to have the same view as neighboring parcels, a house built on his parcel will have to be 18 feet higher than the height limit for the zoning district. if he is to build such a house, he will need:

Answers

If Andy is to build a house with such an elevation, he will need a variance from the relevant authorities.

What is Variance?

This is defined as an exception to the set of rules a municipality applies to land use and development.

Andy wants to have the same view as neighboring parcels and will need to have the building elevated which is different from that of others is why he will need a variance.

Read more about Variance here https://brainly.com/question/26997143

#SPJ1

Kay Company budgets overhead cost of $4,104,000 for the next year. The company uses direct labor hours as its overhead allocation base. If 90,000 direct labor hours are planned for the next year, how much overhead would be assigned to a product requiring 5 direct labor hours

Answers

Based on the fact that Kay Company will use direct labor hours as its overhead allocation base, the overhead for a product with 5 labor hours is $228.

What is the overhead assigned to the product?

This can be found as:

= Total overhead cost / Number of labor hours x Product labor hours

Solving gives:

= 4,104,000 / 90,000 x 5

= 45.6 x 5

= $228

Find out more on assigning overhead costs at https://brainly.com/question/22812280.

#SPJ1

The finalized registration statement for new securities approved by the SEC is called A. a firm commitment. B. a red herring. C. the prospectus. D. the preliminary statement

Answers

The finalized registration statement for new securities approved by the SEC is called the prospectus. Option C. This is further explained below.

What is a prospectus?

Generally, a prospectus is simply defined as a printed pamphlet promoting an institution to prospective students or parents, or including information for investors about a stock offer.

In conclusion, The prospectus is the finished SEC-approved registration statement for new securities.

Answers

Of culture clashes between the two companies

what is a good way to ask your teacher for a better grade

Answers

Answer:

Ask for extra credit, or if you can redo your lowest grade. Explain to them any troubles you have had or having and that you want to try your hardest to get the best grade possible

Explanation:

Refers to the total number of units that are purchased at that price.

Answers

The total number of units purchased at that price is called the quantity demanded.

What is the Demand VS Quantity demanded?

Demand refers to the quantity of the goods and services that a customer is willing and ready to buy at the given price during the particular period of time.

Quantity demanded refers to the amount of goods and services that customers/ people will buy at particular price and at particular point of time.

The formula to find the demand is = Qd = x + yP, where Qd is demand, x is quantity and yP is the price.

Learn more about the Demand here:-

https://brainly.com/question/14456267

#SPJ1

In the project initiation phase, which document contains high-level details of the proposed project?

Answers

Answer:

Once the initiation phase has begun and you have been granted the go-ahead, you must develop your project charter, also known as the project initiation document (PID). The Project Charter legally permits the project's existence, delegated power to the Project Manager, and documented the high-level requirements, milestones, and success criteria. The project charter defines the project's goal and requirements. It contains information such as business requirements, major players and stakeholders, scope, objectives, and general aims.

Explanation:

The initiation phase includes all of the processes that must be completed before a project is approved and planning may begin. The idea is to define your project at a high level and connect it to the business problem you want to address. The project charter serves as a framework for defining project decisions and ensuring they are consistent with corporate objectives.

Other Questions