joshlynn52
21.04.2020 •
Business
Innovative Products reported net income of $226,000. Beginning and ending inventory balances were $48,000 and $49,000, respectively. Accounts Payable balances at the beginning and end of the year were $39,000 and $34,500, respectively. Assuming that all relevant information has been presented, the company would report net operating cash flows of:
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Ответ:
The correct answer is $220,500.
Explanation:
According to the scenario, the computation of the given data are as follows:
We can calculate the net operating cash flow by using following formula:
Net operating cash flow = Net income - ( Ending - Beginning Inventory) - ( Beginning - ending in AP)
By putting the value, we get
= $226,000 - ( $49,000 - $48,000 ) - ( $39,000 - $34,500)
= $226,000 - $1,000 - $4,500
= $220,500
Ответ:
They set prices on goods and materials needed for the war effort. and they introduced rules to ban factory workers from going on strike.
Explanation:
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