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.

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Definitions:

Ego-Ideal

A component of the personality that consists of the ideal self and the standards by which one measures achievements and aspirations.

Self-Image Discrepancy

The gap between an individual's perception of their actual self and their ideal or desired self, which can influence emotions and behavior.

Cognitive Appraisal

The process by which an individual evaluates and interprets an event or situation that leads to an emotional response.

Work Stress

The experience of stress related to one's job, including challenges and demands that may exceed an individual's resources or abilities to cope.