Useful Organizing Began Operations on January 1,20X3,when the Owners Invested

question 10

Multiple Choice

Useful Organizing began operations on January 1,20X3,when the owners invested $80,000 cash in the company.Also on January 1,the company paid for a $30,000 machine.The machine has a useful life of 4 years and a $2,000 residual value.During its first year of operations,the company had sales of $96,000 and operating expenses except depreciation of $67,000.All sales were cash sales and all non-depreciation operating expenses were paid in cash.Useful Organizing has a 30% tax rate and pays all taxes on December 31.What is the net cash provided by operating activities after taxes for 20X3,if Useful Organizing uses straight-line depreciation?

• A)$ 6,600
• B)$15,050
• C)$15,400
• D)$22,400
• E)$22,550

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Definitions:

Body Mass Index

A numerical computation that evaluates an individual's body weight in relation to their height, used to assess if their weight is in a healthy range.

Basal Metabolic Rate

The speed at which energy is consumed by the body during rest to keep critical operations like breathing and blood flow going.

Appetite Hormones

Biochemical substances, such as ghrelin and leptin, that regulate the sensation of hunger and satiety in the body.

Secreted by the Hypothalamus

Produced and released by the hypothalamus, a region of the brain responsible for hormone production and regulation.