Lense Laboratories' Net Income Was $250,000 A)$152,000

question 99

Multiple Choice

Lense Laboratories' net income was $250,000.Given the account information below,what is the net operating cash flows for Lense Laboratories? $$\begin{array} { | l | r | } \hline \text { Increase in Accounts Receivable } & \$ 60,000 \\\hline \text { Increase in Salaries Payable } & \$ 50,000 \\\hline \text { Decrease in Inventory } & \$ 30,000 \\\hline \text { Depreciation Expense } & \$ 45,000 \\\hline \text { Increase in Prepaid Insurance } & \$ 3,000 \\\hline\end{array}$$

• A)$152,000.
• B)$278,000.
• C)$312,000.

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Definitions:

Bivariate Distributions

Statistical distributions involving two random variables and their joint probability.

P(x,y)

Represents the joint probability of two events, X and Y, occurring together.

Poisson Distribution

A probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space, assuming these events happen with a known constant mean rate and independently of the time since the last event.

Standard Deviation

An assessment of the range or distribution spread within a set of numbers.