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Question - Ocean Pines Company had net income $500,000. They also had depreciation expense of $100,000, an increase or (decrease) in accounts receivable of $-40,000, and an increase or (decrease) in inventory of $45,000. Ocean Pines prepares their Statement of Cash Flows using the indirect method. Use this information to determine the dollar value of cash provided or (used) by operating activities. If the total is a use of cash, enter as a negative number. (a negative number for accounts receivable or inventory indicates that the balance decreased)
BizCon, a consulting firm, has just completed its first year of operations. The company's sales growth was explosive. To encourage clients to hire its services.
The company is considering a proposal that will increase sales by $10,000 and total fixed costs by $6,000. By what amount will net income increase
What are audit and internal control issues?
which of the following products probably would be manufactured using a job order costing system?a. paperb. baseball
Examine the features of your present credit card. (If you do not have a credit card, select a likely one online for this exercise.) Given your analysis above, what are the three major disadvantages of your present credit card?
pacific products inc. completed and transferred 55000 particle board units of production from the pressing department.
How much joint costs will be assigned to Product A if joint costs are allocated on the basis of relative sales values?
selected year-end financial statements of mccord corporation follow. all sales were on credit selected balance sheet
Capital Investment Analysis2. Data for three projects under review follow: What is the payback period on each of the following projects
Sales revenue for a restaurant operation is given for the months of March, April, and May of Year 0007. The index numbers are stated for each month.
At the end of the current year, the accounts receivable account has a balance of $650,000, and net sales for the year total $5,500,000. Estimate the amount of the adjustment for doubtful accounts under each of following assumptions:
Martin, Inc., has two products: a pocket metronome (unit sales price, $25; unit variable cost, $15) and a pocket tuner (unit sales price, $14; unit variable cost,$9). the company's sales mix of the pocket metronome to the pocket tuner is 4:1 and fixe..
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