Micro Manufacturing Reports Net Income of $850,000

question 121

Essay

Micro Manufacturing reports net income of $850,000.Depreciation Expense is $60,000,Accounts Receivable increases $30,000 and Accounts Payable decreases $10,000.Calculate net cash flows from operating activities using the indirect method.

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Definitions:

Subjective

Based on or influenced by personal feelings, tastes, or opinions.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Prejudice

Preconceived opinion or bias, often negative, towards people, groups, or subjects, based on stereotypes rather than individual merit.

Groupthink

A psychological phenomenon that occurs within a group of people in which the desire for harmony or conformity in the group results in an irrational or dysfunctional decision-making outcome.