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Question 1: Ocean Pines Company had net income $500,000. They also had depreciation expense of $200,000, an increase or (decrease) in accounts receivable of $30,000, and an increase or (decrease) in inventory of $55,000. Ocean Pines prepares their Statement of Cash Flows using the indirect method. Use this information to determine the dollar value of cash provided or (used) by operating activities. If the total is a use of cash, enter as a negative number. (a negative number for accounts receivable or inventory indicates that the balance decreased)
All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. The land was sold for $4,890.
Budgeted Accounts Receivable on September 30 is $67,000. What is the amount of Accounts Receivable on the October 31 budgeted balance sheet?
If sales increase by $75,000, the company's net operating income will increase by? The Clyde Corporation's variable expenses are 40% of sales
Solve Variable overhead expenditure, Variable overhead efficiency, Labour efficiency,Material usage, Material price,Fixed overhead expenditure
ABC Inc is a pure equity firm. Firm decides to recapitalize to take advantage of tax shield.
You are given the following equations for Demand and Supply. Find the levels of demand and supply at different price levels. Plot the demand and supply curves
phipps manufactures circuit boards in division a a country with a 30 income tax rate and transfers them to division b a
Find Materials used during September were? Accounts payable is used for materials only. The balance on 9/1 was $6,000. September's payments were $40,000.
Compute the budgeted income before income taxes. Please provide the complete solution of the problem.
If it wishes to have a monthly net income before taxes of $18,000 and its cost structure remains as above, what quantity of output will it need to sell?
The standard cost card for a product shows that the product should use 4 kilograms of material B per finished unit and that the standard price of material B is $4.50 per kilogram.
Managerial accountants must provide managers with both financial and nonfinancial information including estimates, projections, and forecasts
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