The net income for a company was $225,000 last year and is $175,000 this year. The...
The net income for a company was $225,000 last year and is $175,000 this year. The percent of increase or (decrease) was Multiple Choice 02 D 28.57% 22.22% (22.22%) (28.57%) How are financial ratios used in decision making? Multiple Choice They can help identify the reasons for success and failure in business, but decision making requires information beyond the ratios. They aren't useful because decision making is too complex They remove the uncertainty of the business environment. They give clear...
For the last two years BRC Company had net income as follows: Year 1 Year 2 Net Income $160,000 $200,000 What was the percentage change in income from Year 1 to Year 2? Multiple Choice 25% decrease 25% increase Oo oo 20% increase 20% decrease 20% decrease
For the last two years BRC Company had net income as follows: Year 1 $87,000 Year 2 $107,000 Net Income What was the percentage change in income from Year 1 to Year 2? Multiple Choice 18.69% increase O 18.69% decrease O 22.99% increase O C) O 22.99% decrease
17.4 Gutierrez company reported net income of $225,000 for 2017. Gutierrez also reported depreciahoo expense of $45.000 and a loss Ox $ 5000 on the disposal of equipment. the comparative balance sheet shows a decrease in accounts receivable of $15.000 for the year a $ 17000 increase in accounts payable and $ 4000 decrease in prepaid expenses. Prepore the operating activities section statement of cash Hows for 2017 use the indirect method.
Wildcat Company has an accrual basis net income of $175,000 and the following related items: Depreciation expense $ 85,000 15,000 Accounts receivable decrease Inventory increase 24,000 18,000 Accounts payable increase How much is Wildcat's net cash flow from operating activities? $260,000 $269,000 $317,000 $251,000
12. Given a profitable firm, depreciation: Multiple Choice Top of Form increases net income. increases net fixed assets. decreases net working capital. lowers taxes. has no effect on net income. 15. Which one of the following will increase the cash flow from assets for a tax-paying firm, all else constant? Multiple Choice An increase in net capital spending A decrease in the cash flow to creditors An increase in depreciation An increase in the change in net working capital A...
Last month Dexter Company had a $20,350 loss on sales of $175,000. Fixed costs are $85,100 a month. By how much do sales have to increase for Dexter to break even? Multiple Choice $64,750 $55,000 $85,100 $105,450
E17-4 Gutierrez Company reported net income of $225,000 for 2017, Gutierrez also Prepare the ope reported depreciation expense of $45,000 and a loss of $5,000 on the disposal of equip- activities sectio ment. The comparative balance sheet shows a decrease in accounts receivable of $15,000 method. for the year, a $17,000 increase in accounts payable, and a $4,000 decrease in prepaid (LO 2) expenses. Instructions Prepare the operating activities section of the statement of cash flows for 2017. Use the...
Ocean Pines Company had net income $475,000. They also had depreciation expense of $175,000, an increase or (decrease) in accounts receivable of $40,000, and an increase or (decrease) in inventory of $35,000. 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...
last option is 1,919 Muffy's Muffins had net income of $2,570. The firm retains 55 percent of net income. During the year, the company solod $505 in common stock. What was the cash flow to shareholders? Multiple Choice $1,157 $909 $1,662 $652