Use the Following Information and the Indirect Method to Calculate

question 183

Multiple Choice

Use the following information and the indirect method to calculate the net cash provided or used by operating activities:
$\begin{array}{|l|r|}\hline \text { Net income } & \$ 12,300 \\\hline \text { Depreciation expense } & 12,000 \\\hline \text { Payment on mortgage payable } & 15,000 \\\hline \text { Gain on sale of land } & 7,500 \\\hline \text { Increase in merchandise inventory } & 2,050 \\\hline \text { Increase in accounts payable } & 6,150 \\\hline \text { Proceeds from sale of land } & 8,000\\\hline\end{array}$

• A)$12,700
• B)$13,900
• C)$20,900
• D)$28,400
• E)$35,900

Comprehend the role of price takers within competitive markets.

Determine how firms in competitive markets establish a profit-maximizing level of production.

Understand the conditions for a firm to continue or cease production in the short run.

Distinguish between short-run and long-run decisions in competitive markets.

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Definitions:

Import Package

The mechanism in Java that allows a programmer to access classes and interfaces from other packages, making them available for use in their code.

Title Bar

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HTML Tag

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Applet Class

In Java, it refers to a small application designed to be transmitted over the internet and executed by a Java-compatible web browser.