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

question 54

Multiple Choice

Mayweather 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.

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Definitions:

Fieldbus Communication System

A network system for industrial control systems used to connect and communicate with field devices like sensors and actuators.

Daisy-Chain Topology

A network configuration where each device is connected in series to the next, forming a linear chain for communication or power distribution.

Data Communication

The exchange of data between two or more devices via any form of transmission medium.

Field Device

An equipment or sensor located in the operational environment, directly interacting with the physical process.