EASTOWN MATERIALS, INC. Statement of Cash Flows For the Year Ended December 31, 2020 Operating Activities Net Income $344,557 Adjustments to reconcile net income to net cash used by operating activities Depreciation Expense $12,385 Amortization Expense $27,000 Amortization of Bond Premium $(5,000) Unearned Compensation $(122,917) Realized gain on sale of equipment $(1,000) Unrealized holding loss of securities $1,500 Decreased in A/R $93,275 Increase in Inventory $(483,264) Increase in Prepaid Rent $(6,767) Increase in Prepaid Insurance $(12,833) Decrease in Supplies $2,341 Increase in A/P $438,584 Increase in Salaries Payable $6,000 Increase in Utilities Payable $9,000 Increase in Payroll Taxes Payable $300 Increase in Interest Payable $13,292 Increase in Income Taxes Payable $91,591 Increase in Notes Payable- Short Term $428,360 $491,847 Net Cash Used in Operating Activities $836,404
Answers: 3
Business, 21.06.2019 20:30, Rocket3138
If temper company, a manufacturer of mattresses, was considering moving its production facilities to china but decided against it because the additional costs of shipping the mattresses back to the u. s. would offset the cost savings associated with moving the production facilities, the increased costs associated with shipping would be an example ofanswers: learning-curve economies. diseconomies of scale. economies of scale. competitive advantages.
Answers: 2
Business, 22.06.2019 04:10, chloeholt123
What is the difference between secure bonds and naked bonds?
Answers: 1
Business, 22.06.2019 12:00, dwilburn01
Simon, aged 10, is invited to a classmate's birthday party at an exclusive ski resort on march 15th. the day will include 4 hours of snowboarding, lunch and birthday cake. simon's mother checks a box on the invitation that says "yes, we will attend" and returns it to the classmate's address. unfortunately, they later don't attend the party when simon comes down with the flu. on march 17th, simon's mother receives an invoice in the mail from simon's classmate for $35 that says, "party no-show fee." can simon's classmate collect the fee?
Answers: 3
Business, 22.06.2019 14:30, Hannahdavy5434
Stella company sells only two products, product a and product b. product a product b total selling price $50 $30 variable cost per unit $20 $10 total fixed costs $2,110,000 stella sells two units of product a for each unit it sells of product b. stella faces a tax rate of 40%. stella desires a net afterminustax income of $54,000. the breakeven point in units would be
Answers: 3
EASTOWN MATERIALS, INC. Statement of Cash Flows For the Year Ended December 31, 2020 Operating Activ...
Computers and Technology, 14.12.2020 01:00
Advanced Placement (AP), 14.12.2020 01:00
Spanish, 14.12.2020 01:00
Biology, 14.12.2020 01:00
Mathematics, 14.12.2020 01:00