Ans:
Cash Payment to Suppliers: | |||
Particulars | Case A | Case B | Case C |
Cost of Goods Sold (A) | 39,500 | 30,500 | 70,300 |
Add/ (Less) : Inventory Increase and Decrease (B) | 2900 | - | (3,900.00) |
Total Purchase ( C ) (A+B) | 42,400 | 30,500 | 66,400 |
Add/ (Less) : Decrease in accounts payable / (Increase in accounts payable) (D) | - | (3,400.00) | 1,000.00 |
Cash Payment to Suppliers ( E ) (C+D) | 42400 | 27100 | 67400 |
Cash Payment for Salaries and Wages: | |||
Particulars | Case A | Case B | Case C |
Salaries and Wages Expenses (A) | 5900 | 13900 | 8900 |
Add/ (Less) : Decrease in Salary & Wages Payable / (Increase in Salary and Wages Payable) (B) | (1950) | 2,900.00 | (1,000.00) |
Cash Payment for Salaries and Wages ( C ) (A+B) | 3950 | 16800 | 7900 |
Cash Flow from Operating Activities | |||
Particulars | Case A | Case B | Case C |
Cash Collected from Customers | 75000 | 59100 | 101,100 |
Cash payment to Suppliers | -42400 | -27100 | -67400 |
Cash payment for Salaries and Wages | -3950 | -16800 | -7900 |
Net Cash provided by Operating Activities | 28,650 | 15,200 | 25,800 |
The independent cases are listed below that includes all items relevant to operating activities: Case A...
Homework The independent cases are listed below that includes all items relevant to operating activities: Sales revenue Cost of goods sold Depreciation expense Salaries and wages expense Net income (loss) Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Salaries and wages payable increase (decrease) Case A $65,000 35,000 10,000 5,000 15,000 (1,000) 2,000 0 1,500 Case B $55,000 26,000 2,000 13,000 14,000 4,000 0 2,500 (2,000) Case C $96,000 65,000 26,000 8,000 (3,000) 3,000 (3,000) (1,000) 1,000...
The independent cases are listed below that includes all items relevant to operating activities: 1.69 points Case A $65,000 35,000 10,000 5,000 15,000 (1,000) 2,000 Sales revenue Cost of goods sold Depreciation expense Salaries and wages expense Net income (loss) Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Salaries and wages payable increase (decrease) Case B $55,000 26,000 2,000 13,000 14,000 4,000 Case C $96,000 65,000 26,000 8,000 (3,000) 3,000 Skipped (3,000) 1,500 2,500 (2,000) (1,000) 1,000...
The independent cases are listed below that includes all items relevant to operating activities: Case A Case B Case C Sales revenue $ 62,000 $ 52,000 $ 100,000 Cost of goods sold 33,500 24,500 72,600 Depreciation expense 11,300 1,700 27,300 Salaries and wages expense 4,700 12,700 7,700 Net income (loss) 12,500 13,100 (7,600 ) Accounts receivable increase (decrease) (1,100 ) 3,700 2,700 Inventory increase (decrease) 1,700 0 (2,700 ) Accounts payable increase (decrease) 0 2,200 (1,100 ) Salaries and wages...
The independent cases are listed below includes all balance sheet accounts related to operating activities: Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued liabilities increase (decrease) Case A $310, 689 40,000 100,000 (50,000) (50,000) 60,000 Case B $ 15,000 150,000 (200,000) 35,000 120, (220,000) Case C $420,000 80,000 (20,000) 50,000 70,000 (40,000) Show the operating activities section of cash flows for each of the given cases. (Amounts to minus sign.) Case A...
Saved The two independent cases are listed below: Case A Case B Year 2 Year 1 Year 2 Year 1 $ 12,100 s 10,100 326,500 19,100 6,550 6,050 14,200 11,550 Sales Revenue Cost of Goods Sold Gross Profit Depreciation Expense Salaries and Wages Expense Net Income Accounts Receivable Inventory Accounts Payable Salaries and Wages Payable 5,550 4,050 12,300 7550 1,110 1,110 1,610 1,610 3,050 2.110 6,100 5,110 1,390 830 4,590 830 355455805 805555840855 910 810 855 960 2,100 1,310 255...
1omework 12 ework 12 Saved The two independent cases are listed below: Case A Year 2 Year 1 12,000 12,40022,000 23,000 Case B Year 1 Year 2 Sales Revenue $ $ 12,900 14,520 6,900 Cost of Goods Sold 9,500 2,900 рок Gross Profit 5,100 9,100 8,480 Depreciation Expense Salaries and Wages Expense 1,100 1,100 2,000 2,000 nt 1,500 1,000 6,000 6,000 ences 2,500 Net Income 800 1,100 480 Accounts Receivable 350 500 850 780 650 900 980 Inventory Accounts Payable...
Case A Case B Case CSales revenue$72,000$62,000$103,000Cost of goods sold38,50029,50068,900Depreciation expense10,7002,70026,700Salaries and wages expense5,70013,7008,700Net income (loss)17,10016,100(1,300)Accounts receivable increase (decrease)(1,100)4,7003,700Inventory increase (decrease)2,7000(3,700)Accounts payable increase (decrease)03,200(1,100)Salaries and wages payable increase (decrease)1,850(2,700)1,100Compute cash flows from operating activities using the direct...
Cash Flows from Operating Activities-Indirect Method The net income reported on the income statement for the current year was $213,300. Depreciation recorded on equipment and a building amounted to $63,800 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $59,510 $61,890 Accounts receivable (net) 75,460 76,370 Inventories 148,780 131,580 Prepaid expenses 8,270 8,730 Accounts payable (merchandise creditors) 66,470 69,070...
The two independent cases are listed below: 1.66 points Skipped Sales Revenue Cost of Goods Sold Gross Profit Depreciation Expense Salaries and Wages Expense Net Income Accounts Receivable Inventory Accounts Payable Salaries and Wages Payable Case A Year 2 Year 1 $11,000 $9,000 6,000 5,500 5,000 3,500 1,000 1,000 2,500 2,000 1,500 500 400 750 500 800 700 1,000 1,200 Case B Year 2 Year 1 $21,000 $18,000 12,000 11,000 9,000 7,000 1,500 1,500 5,000 5,000 2,500 500 750 600...
M12-5 Computing Cash Flows from Operating Activities (Indirect Method) [LO 12-2] The two independent cases are listed below. ts Sood Case A Year 2 Year 1 Year 2 $11,000 $9,880 $21,099 6,000 5,500 12,89€ 5,000 3,5899 ,689 1,000 1,089 1,500 2.589 2.889 5.080 1,500 509 2,500 480 750 Year 1 $18,690 11, 7,000 Sales Revenue Cost of Goods Sold Gross Profit Depreciation Expense Salaries and Wages Expense Net Income Accounts Receivable Inventory Accounts Payable Salaries and Wages Payable eBook 750...