Homework Answers
Solution:-
When current assets increase during the year, it means that additional cash flow was invested in the business. On the contrary, when current liabilities are increased during the year, it means that investment in working capital was reduced during the year.
Therefore,
Cash flow invested in net working capital= (Current assets 2013 - Current assets 2012) - (Current liabilities 2013 - Current liabilities 2012) = (3,480,000 - 3,187,000) - (2,841,000 - 2,763,000) = $215,000
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Fill In the Blank Question 189 * Your answer is incorrect. Try again. Net income from operations is generally not the same as cash provided from operations because revenues and expenses are recognized in the income statement on the basis. LINK TO TEXT Question Attempts: 1 of 3 used SAVE FOR LATER SUBMIT ANSWER 7:12 PM
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* Your answer is incorrect. Try again. Pina Corporation purchased a special tractor on December 31, 2020. The purchase agreement stipulated that Pina should pay $21,610 at the time of purchase and $4,790 at the end of each of the next 8 years. The tractor should be recorded on December 31, 2020, at what amount, assuming an appropriate interest rate of 12%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to o decimal places, e.g. 458,581.)...
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