A Company Had Net Income of $210,000

question 28

Multiple Choice

A company had net income of $210,000. Depreciation expense is $26,000. During the year, Accounts Receivable and Inventory increased $15,000 and $40,000, respectively. Prepaid Expenses and Accounts Payable decreased $2,000 and $4,000, respectively. There was also a loss on the sale of equipment of $3,000. How much cash was provided by operating activities?

• A) $176,000
• B) $182,000
• C) $256,000
• D) $268,000

Understand the relationship between the price elasticity of supply and the pricing of rare items.

Identify the main determinant of price elasticity of supply and its implications.

Understand the relationship between cognitive demands, pay, and emotional labor.

Recognize the impact of expressing positive emotions on job satisfaction and stress.

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Definitions:

Operating Budget

A detailed projection of all estimated income and expenses based on forecasted sales revenue during a given period, often one year.

Budgeted Financial Statements

Financial statements that project the financial position and performance of a company based on expected income, expenses, and cash flows.

Financial Results

The outcome of a company's operations and activities in terms of income, expenses, and profit over a specific period.

Sales Forecasting

The process of estimating future sales volumes to make informed business decisions regarding inventory levels, workforce, and financial planning.