Use the Following Income Statement and Information About Selected Current

question 122

Essay

Use the following income statement and information about selected current assets and current liabilities to calculate the net cash provided or used by operating activities using the indirect method.
$\begin{array}{c}\text {PULLMAN COMPANY}\\\text {Income Statement}\\\text {For Year Ended December \( 31,20 \mathrm{X} 2 \)}\\\begin{array}{|l|l|r|}\hline \text { Sales } & \quad& \$ 180,000 \\\hline \text { Cost of goods sold } & & 104,000 \\\hline \text { Gross profit from sales } & & \$ 76,000 \\\hline \text { Onerating exnenses: } & &\\\hline \text { Salaries and wages expense } & \$ 25,000 \\\hline \text { Depreciation expense } & 7,000 \\\hline \text { Rent expense } & 7,200 \\\hline \text { Interest expense } & 1,900&41,100\\\hline \text { Income from operations } & & \$ 4,900 \\\hline \text { Loss on sale of land } & & 3,500 \\\hline \text { Net income } & & \$ 31,400\\\hline \end{array}\end{array}$

Selected beginning and ending balances of current asset and current liability accounts,all of which relate to operating activities,are as follows:
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text { Balance }$
$\begin{array}{|l|r|r|}\hline & \text { Dec. 31,20X2 } & \text { Dec. 31, 20X1 } \\\hline \text { Accounts receivable } & \$ 27,600 & \$ 24,000 \\\hline \text { Merchandise inventory } & 22,300 & 20,000 \\\hline \text { Prepaid rent } & 550& 400 \\\hline \text { Accounts payable } & 27,100& 26,000 \\\hline \text { Salaries and wages payable } & 10,400& 9,000 \\\hline \text { Interest payable } & 300 & 250\\\hline\end{array}$

Understand the distinct types of challenges encountered in adaptive leadership (technical, adaptive, and both).

Comprehend the prescriptive nature of adaptive leadership behavior.

Identify the steps a leader should take when faced with an adaptive challenge.

Recognize the discrepancy between espoused values and actual behaviors within an organization.

---

Definitions:

Tolerance for Frustration

Refers to an individual's ability to endure and manage stressful or irritating situations without becoming overwhelmed.

Testosterone

A steroid hormone that plays a key role in the development of male reproductive tissues, as well as promoting secondary sexual characteristics such as increased muscle and bone mass, and the growth of body hair.

Aggression

Behavior aimed at harming or intimidating others, which can be physical, verbal, or non-verbal.

MAOA Gene Expression

The process by which the MAOA gene produces its enzyme, monoamine oxidase A, which plays a critical role in controlling neurotransmitter levels in the brain.