Kingbird Company prepared the tabulation below at December 31, 2022. Net Income $300,000 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense $25,000 Increase in accounts receivable $75,000 Decrease in inventory $15,000 Amortization of patent $4,000 Increase in accounts payable $7,500 Decrease in interest receivable $4,000 Increase in prepaid insurance $7,000 Decrease in income taxes payable $2,000 Gain on disposal of plant assets $10,000 Net cash provided (used) by operating activities
Show how each item should be reported in the statement of cash flows. (Show amounts that decrease cash flow with either a-signes -15,000 or in parenthesis es (15,000 LACEY COMPANY Partial Statement of Cash Flows LACEY COMPANY Partial Statement of Cash Flows Adjustments to reconcile net income to tments to reconcile net income to Gain on Disposal of Land Increase in Inventory Increase in Accounts Payable Decrease in Income Taxes Payable Net Cash Provided by Operating Activities Net Income / (Loss) Increase in Income Taxes Payable Depreciation Expense Increase in Prepaid Expenses Increase in Accounts Receivable Decrease in Accounts Payable Decrease in Prepaid Expenses Decrease in Inventory tbt Net Cash Used by Operating Activities Decrease in Accounts Receivable

Answer and Explanation:

The preparation of the partial cash flow statement is shown below:

Cash flow from operating activities

Net income $300,000

Add: Depreciation expense $25,000

Less: Increase in accounts receivable -$75,000

Add: Decrease in inventory $15,000

Add: Amortization of patent $4,000

Add: Increase in accounts payable $7,500

Add: Decrease in interest receivable $4,000

Less: Increase in prepaid insurance -$7,000

Less: Decrease in income taxes payable -$2,000

LesS: Gain on disposal of plant assets -$10,000

Net cash provided (used) by operating activities $261,500

Use the following to answer questions 31 - 32: Ann is the president of the Paper Supply Company. She is thinking about updating the technology used to produce the paper goods her company sells. Sales have been increasing and are currently around 7,000 tons per year. She has identified the following potential options: Alternative 1 - Use the current technology with annual fixed costs of $10,000 and variable costs of $10 per ton. Alternative 2 - Update the current technology resulting in annual fixed costs of $20,000 and variable costs of $8 per ton. Alternative 3 - Adopt the latest technology resulting in annual fixed costs of $40,000 and variable costs of $6 per ton. 31. The two relevant cross-over volumes (those volumes at which you would shift from one process to another)
A) 5,000 & 7,000
B) 7,000 & 10,000
C) 5,000 & 10,000
D) 7,500 & 10,000
Which alternative would you recommend, and why?
A) Alternative 1
B) Alternative 2
C) Alternative 3
D) Any of the above

What are some potential positive outcomes of filing for bankruptcy?

Multiple Select Question
Select all that apply
The parts of the process cost summary include: (Check all that apply.)
cost assignment and reconciliation.
equivalent units of production.
cost charged to each job.
costs charged to departments.
Need help? Review these concept resources.

Which of the following will increase supply of ice cream, a normal good?
A) An increase in the number of restaurants selling ice cream
B) An increase in the cost of milk, a key ingredient in ice cream
C) An increase in the price of cones used to serve ice cream
D) An increase in consumers’ income
E) A tax increase on ice cream distributors

Renaissance Gallery converts photographs to portraits via a tedious hand painting process. Costs are tracked for each painting, with gallery overhead being applied at 130% of direct labor cost.
Renaissance Gallery began June with one job in process. This job related to the Price Wedding photo, and beginning work in process included total costs of $15,500 (direct labor, direct material, and applied overhead).
During June, four new jobs were begun. These consisted of the Ramirez family portrait, the Oberweiss farm photo, the Ravenwood big fish picture, and the Zhang baby picture. The only job remaining in process at the end of June was the Ravenwood big fish picture.
To date, $14,000 in direct labor and $4,400 of direct materials had been committed to the Ravenwood job.
Total direct labor incurred on all jobs during June was $70,100 Total direct material incurred on all jobs during June was $12,700.
(a) Compute the ending work in process inventory balance and the total cost assigned to finished jobs.
A. Ending work in process 36,820
Total costs assigned to finished goods 152,960
B. Ending work in process 36,580
Total costs assigned to finished goods 152,760
C. Ending work in process 46,600
Total costs assigned to finished goods 172,830
D. Ending work in process 36,600
Total costs assigned to finished goods 152,830
E. Ending work in process 36,420
Total costs assigned to finished goods 152,940
F. None of the above

what are the consequences of unemployment​

Jonas has been assigned to work with a team at Falk Enterprises, Inc. Jonas has supervised this team in the past, and they have always failed to produce results on time. One of the difficulties previously cited by the team was confusion over the roles each team member played. Discuss some the possible roles each of these team members could play and some steps Jonas could take to avoid frustration and delay with this project.

what is commercial bank? in your own words. ​

A batch of 100 parts contains 6 defects. If two parts are drawn randomly one at a time without replacement, what is the probability that both parts are defective?

Which of these is not one of the basic functions of the management​ process?

define capital economics.​

When gathering information which of the following task might you need to perform

major goals specify what an organization seeking to achieve a/ in the short term.
B/in the medium term only.
c/ in the medium to long term
d/in the long term only
e/in the short to medium term.

Making sure that enough cash is on hand to pay bills as they come due and to meet unexpected expenses is called cash:
capitalization
management
maintenance
targeting
administration​

What is product positioning?

what is commercial bank? in your own words. ​

Whether it is proactive or reactive, organizational change is inevitable. Unfortunately, people don’t always like change and tend to be resistant to it. This activity is important because managers need to understand what to expect from employees in terms of their resistance to change in order to better manage workers through the change process.
The goal of this exercise is to challenge your knowledge of the ten reasons people resist change. First, read each of the statements that depict an example of something related to an organizational change. Then, click and drag each statement to the reason for change resistance that it best depicts.
1. Your manager ensures you the change won't alter your salary, but you worry he'll only look out for himself.
2. Your work colleague is upset about a change to the department, therefore you resist the change, too.
3. New procedures are vastly different from old ones, and you aren't sure you can learn them.
4. You worry that recent technology changes may eliminate the need for your managerial position.
5. The organization implements massive structural changes with no explanation.
6. A notoriously unlikeable manager delivers the news of a change.
7. Your boss suddenly and without warning announces her re-signation and replacement.
8. Five close members of a department are re-assigned and are no longer part of the same work group.
9. You immediately resist an organizational change because you have a deep fear of change.
10. All employees now must work two extra hours per week with no additional pay.
A. Individuals' Predisposition Toward Change.
B. Surprise and Fear of the Unknown.
C. Climate of Mistrust.
D. Fear of Failure.
E. Loss of Status or Job Security.
F. Peer Pressure.
G. Disruption of Cultural Traditions or Group Relationships.
H. Personality Conflicts.
I. Lack of Tact or Poor Timing.
J. Non-reinforcing Reward Systems.

Your company is considering a new project opportunity. It would need to immediately invest $220. In return, in the next 4 years it will receive the following amounts of money: In 1 year: $80 In 2 years: $70 In 3 years: $50 In 4 years: $60 The required annual rate of return is 5%.

The Internal Rate of Return for this project is:_______

differentiate between Central Banks and other banks​

The first step in assessing industry attractiveness is to paint a picture of the industry at the macro level. Market research firms, like MELT, can help develop effective business research and offer strategies for conducting it. Which of the following is NOT one of the six foundational macro forces that create change in industries and the markets they serve?

a. economic
b. demographic
c. global
d. technological
e. sociopolitical

define default economics.​

Based on the Taylor Rule use the following information to calculate the target federal funds rate.

Variable Value
Target inflation rate 2 percent
Current inflation rate 1 percent
Real equilibrium federal funds rate 2 percent
Output gap 10 percent

Al is a medical doctor who conducts his practice as a sole proprietor. During 2013, he received cash of $280,000 for medical services. Of the amount collected, $40,000 was for services provided in 2012. At the end of 2013, Al had accounts receivable of $60,000, all for services rendered in 2013. In addition, at the end of the year, Al received $12,000 as an advance payment from a health maintenance organization (HMO) for services to be rendered in 2014.
Compute Al's gross income for 2013:
a. Using the cash basis of accounting.
b. Using the accrual basis of accounting.
c. Advise Al on which method of accounting he should use?

A survey conducted recently in China showed that in the last two years, Investments in the businesses increased by almost 75%. The same survey also concluded that people became wealthy by investing in businesses, and this motivated other people to invest more in their respective businesses. What most likely triggered this increases in investment?

Which tax withholding is required by the federal government?

Identify five typical users of accounting information​

_____ can be used for up to 90 percent of its assessed value.


Real estate

Accounts receivable

Insurance policies

Equipment


(ONLY ANSWER IF YOU ACTUALLY KNOW)

what is a bond? in your own words. financially.​

what is a bond? in your own words. economics.​

What are the three main forms of legal ownership of a business