Business, 29.04.2021 18:00, kemzzoo7206

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

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 16:10, springlcp2nk7h

(4 points) suppose the production function in the solow model is given by yt = ak¯ 3/4 t l 1/4 t . (a) what are the five equations and five unknowns that summarize the solow model? (b) show the transition dynamics in the solow model if ¯sy0 < ¯dk0. make sure you label the axes, curves, initial level of capital and steady-state level of capital. (c) solve for capital, output, capital per person, and output per person in the steady state. (d) if a¯ = 2, l¯ = 4, ¯s = 0.2, and ¯d = 0.05, calculate the steady-state level of capital and output per person.

Answers: 3

continue

Business, 22.06.2019 09:00, flore7488

Your grandmother told you a dollar doesn't go as far as it used to. she says the purchasing power of a dollar is much lesser than it used to be. explain what she means. try and use and explain terms like inflation and deflation in your answer.

Answers: 1

continue

Business, 22.06.2019 18:00, ferny5133

Which of the following is a characteristic that can be used to guide the design of service systems? a. services cannot be inventoried. b. services are all similar. c. quality work means quality service. d. services businesses are inherently entrepreneurial. e. even service businesses have internal services.

Answers: 2

continue

Business, 22.06.2019 20:10, hsbhxsb

Your sister is thinking about starting a new business. the company would require $375,000 of assets, and it would be financed entirely with common stock. she will go forward only if she thinks the firm can provide a 13.5% return on the invested capital, which means that the firm must have an roe of 13.5%. how much net income must be expected to warrant starting the business? a. $41,234b. $43,405c. $45,689d. $48,094e. $50,625

Answers: 3

continue

Do you know the correct answer?

Karr, Inc. reported net income of $300,000 for 20X4. Changes occurred in several Balance Sheet accou...