A company’s income statement showed the following: net incom…

A company’s income statement showed the following: net income $124,000; and depreciation expense $30,000. An examination of the company’s current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9,400; merchandise inventory increased $18,000; and accounts payable increased $3,400. Calculate the net cash provided or used by operating activities.

When originally purchased, a vehicle costing $23,000 had an…

When originally purchased, a vehicle costing $23,000 had an estimated useful life of 8 years and an estimated salvage value of $1,500. After 4 years of straight-line depreciation, the asset’s total estimated useful life was revised from 8 years to 6 years and there was no change in the estimated salvage value. The depreciation expense in year 5 equals:

Employees earn vacation pay at the rate of one day per month…

Employees earn vacation pay at the rate of one day per month. During the month of July, there are 25 employees who qualify for one vacation day each. Their average daily wage is $100 per day. What is the amount of vacation benefit expense to be recorded for the month of July?

An ornithologist is investigating the number of ducklings in…

An ornithologist is investigating the number of ducklings in a typical brood of wood ducks. They take a simple random sample of 44 different broods, and they find a mean of 9.4 ducklings and a standard deviation of 2.1 ducklings. The 96% confidence interval for the population mean number of ducklings per brood is: (Select the correct option)