Business, 25.12.2020 20:10, anaiyamills

Forten Company's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses.

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answered: dwilburn01

Answer and Explanation:

The preparation of the cash flow statement is presented below:

Forten Company

Statement of Cash Flows

For Current Year Ended December 31

Cash flows from operating activities

Net Income $110,575

Adjustments made

Depreciation expense $31,750

Less: Increase in Accounts receivable -$20,755

Less: Increase in Inventory -$29,356

Add: Decrease in Prepaid expense $795

Less: Decrease in Accounts payable -$67,034

Add: Loss on disposal of equipment $16,125

Net cash provided by operating activities $42,100

Cash flows from investing activities

Less: Cash paid for equipment-$52,000

Add: Cash received from sale of equipment $22,625

Net cash used in investing activities -$29,375

Cash flows from financing activities:

Cash borrowed on short-term note $5,100

Less: Cash paid on long-term note -$55,625

Add: Cash received from issuing stock $72,000

Less: Cash paid for dividends -$52,300

Net cash used in financing activities -$30,825

Net increase (decrease) in cash -$18,100

Add: Cash balance at beginning of year $84,500

Cash balance at end of year $66,400

Forten Company's current year income statement, comparative balance sheets, and additional informati

answered: Guest

bd = 9 cm

step-by-step explanation:

in a 30°-60°-90° triangle, the ratio of side lengths is 1 : √3 : 2. that is, the longest side (hypotenuse) is twice the length of the shortest side.

all of the triangles in your geometry are 30°-60°-90° triangles. ac is the hypotenuse of δacd, and the short side of δabc.

the short side ad of δacd will be half the length of ac, so 3 cm. the hypotenuse ab of δabc will be twice the length of ac, so 12 cm. segment bd is the difference of the lengths ab and ad, so is

bd = ab -ad

bd = 12 cm - 3 cm = 9 cm

comment on side length ratios

you can figure the ratios of side lengths in a 30°-60°-90° triangle by considering the trig ratios of the angles. or you can figure the length of the altitude of an equilateral triangle of side length 2 using the pythagorean theorem.

answered: Guest

so they can see what that city is producing and to also see if they can some how get that product. like gold in africa.

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Forten Company's current year income statement, comparative balance sheets, and additional informati...