Assuming Net Income for the Year Is $115,000, What Is

question 95

Multiple Choice

Assuming Net Income for the year is $115,000, what is the Operating Cash Flows given the following information: $$\begin{array} { l r } \text { Increase in Salaries Payable } & \$ 15,000 \\\text { Depreciation Expense } & \$ 6,000 \\\text { Increase in Prepaid Rent } & \$ 24,000 \\\text { Loss on sale of asset } & \$ 1,000 \\\text { Increase in Accounts Payable } & \$ 25,000 \\\text { Increase in Inventory } & \$ 50,000\end{array}$$

• A) $112,000.
• B) $88,000.
• C) $118,000.
• D) $188,000.

Describe unfunded mandates and their impact on state and local governments.

Understand the innate aspects of human cognition related to social categorization and individual consideration.

Comprehend how self-fulfilling prophecies operate within educational and social contexts.

Understand the effects of prejudices and stereotypes on their targets.

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Definitions:

Certificate of Deposit

A savings certificate with a fixed maturity date and fixed interest rate, issued by banks to individuals desiring to save money for a fixed period.

Compounded Annually

The process of calculating interest and adding it to the principal sum of a deposit or loan once per year.

Interest Rate

The rate at which interest is paid by borrowers for the use of money that they borrow from lenders.

Pension Fund

A type of investment pool typically set up by an employer to generate stable growth over the long term and provide pensions for employees when they reach the end of their working years.