Presented Below Is a Partial Statement of Cash Flows for Santiago

question 57

Essay

Presented below is a partial statement of cash flows for Santiago Company for 2017.
$\begin{array}{lr}\text { Net income}&\$44.000\\\text { Adjustments to net income:}&\\\text { Add: Depreciation } & 7,000 \\\text { Decrease in accounts receivable } & 12,000 \\\text { Increase in salaries payable } & 5,000 \\\text { Less: Gain on sale of equipment } & (1,000 \\\text { Increase in inventories } & (2,000 \\\text { Decrease in accounts payable } & \underline{(5,000)}\\\text { Net cash inflows from operating activities } & \underline{\$ 60,000}\end{array}$
Mr. Santiago, the president of the company, is puzzled by why the cash from operating activities in the statement presented above is $60,000, as compared to the company's income statement for the same period that shows net income of $44,000. Provide justification why the two amounts might not be equal.

Differentiate between various forms of alternative dispute resolution (ADR) and their characteristics.

Understand the concepts of fields, methods, and constructors within a class.

Differentiate between static and instance methods as well as shallow and deep copying.

Comprehend the use and impact of access modifiers (public, private) on class members.

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Definitions:

Gas Prices

The cost per unit of gasoline, often influenced by factors such as crude oil prices, taxes, supply, and demand.

Fewer Problems

A situation or condition characterized by a reduced number of difficulties, issues, or challenges.

Discretionary Income

The amount of an individual's income left for spending, investing, or saving after taxes and personal necessities have been paid.

Standard Of Living

The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.