Alvez Reports Net Income of $305,000 for the Year Ended

question 10

Multiple Choice

Alvez reports net income of $305,000 for the year ended December 31.It also reports $93,700 depreciation expense and a $10,000 loss on the sale of equipment.Its comparative balance sheet reveals a $40,200 increase in accounts receivable,a $10,200 decrease in prepaid expenses,a $15,200 increase in accounts payable,a $12,500 decrease in wages payable,a $75,000 increase in equipment,and a $100,000 decrease in notes payable.Calculate the net increase in cash for the year.

• A)$216,400.
• B)$281,400.
• C)$381,400.
• D)$206,400.
• E)$406,400.

Recognize the importance of proofreading and presenting error-free résumés.

Gain insights into the use of multimedia and alternative formats in résumé creation.

Comprehend the role of online presence and social networking in job seeking and career management.

Understand the considerations for creating a plain-text file of your résumé for email submissions.

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Definitions:

Internal Proposal

A document or presentation aimed at persuading internal stakeholders or management to approve a project, budget, or initiative.

Management Support

The backing and assistance provided by management to help in the implementation of strategies, projects, or initiatives.

Request Funds

The act of formally asking for financial resources or support, typically for a project, cause, or organization.

Best Structure

The most effective organization or arrangement of elements within a system, document, or composition.