subject
Business, 24.03.2021 17:20 mikaylarichardson96

Karr, Inc. reported net income of $300,000 for 20X4. Changes occurred in several Balance Sheet accounts as follows: Equipment $25,000 increase Accumulated depreciation $40,000 increase Note payable $30,000 increase Additional information:
1. During 20X4, Karr sold equipment costing $25,000, with accumulated depreciation of $12,000, for a gain of $5,000.
2. In December 20X4, Karr purchased equipment costing $50,000 with $20,000 cash and a 12% note payable of $30,000.
3. Depreciation expense for the year was $52,000. In Karr's 20X4 Statement of Cash Flows, net cash provided by operating activities should be
Required:
1. In Karr's 2011 statement of cash flows, calculate net cash provided by operating activities.
2. In Karr's 2011 statement of cash flows, calculate net cash used in investing activities.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 17:10
Acompany's income statement showed the following: net income, $145,000 and depreciation expense, $36,300. an examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $11,500; merchandise inventory increased $22,200; and accounts payable increased $5,500. calculate the net cash provided or used by operating activities. $209,500 $139,000 $176,100 $186,500 $142,100
Answers: 2
question
Business, 21.06.2019 20:20
Atoy manufacturer makes its own wind-up motors, which are then put into its toys. while the toy manufacturing process is continuous, the motors are intermittent flow. data on the manufacture of the motors appears below.annual demand (d) = 50,000 units daily subassembly production rate = 1,000setup cost (s) = $85 per batch daily subassembly usage rate = 200carrying cost = $.20 per unit per year(a) to minimize cost, how large should each batch of subassemblies be? (b) approximately how many days are required to produce a batch? (c) how long is a complete cycle? (d) what is the average inventory for this problem? (e) what is the total annual inventory cost (holding plus setup) of the optimal behavior in this problem?
Answers: 2
question
Business, 22.06.2019 15:00
1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)
Answers: 2
question
Business, 22.06.2019 19:10
Ancho corp. is an automobile company whose core competency lies in manufacturing petrol- and diesel- based cars. the company realizes that more of its potential customers are switching to electric cars. the r& d department of the company acquires competencies in developing electric cars and launches its first hybrid car, which uses both gas and electricity. in this scenario, ancho is primarilya. leveraging new core competencies to improve current market position. b. redeploying existing core competencies to compete in future markets. c. unlearning existing core competencies to create and compete in markets of the future. d. building new core competencies to protect and extend current market position
Answers: 3
You know the right answer?
Karr, Inc. reported net income of $300,000 for 20X4. Changes occurred in several Balance Sheet accou...
Questions
question
Mathematics, 14.10.2019 10:30