Homework Answers
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Statement of cash flows (partial) |
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Cash flows from operating activities |
|
|
Receipts from customers (2479000-19000) |
2460000 |
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Payments for inventory (1214710+13375+14625) |
(1242710) |
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Payments for salaries (339623+5000) |
(344623) |
|
Payments for rent |
(66933) |
|
Payments for utilities |
(27269) |
|
Net cash flows provided by operating activities |
$778465 |
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Using the following income statement and additional year-end information. $2,479,000 1,214,710 1,264,290 SONAD COMPANY Income Statement...
The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year...
The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended December 31 $2,008,000 983,920 1,024,080 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $275,096 48,192 54,216 Depreciation expense Rent expense Amortization expenses-Patents Utilities expense 6,024 22,088 405,616 618,464 Gain on sale of equipment 8,032 $ 626,496 Net income $8,100 decrease 2,650 decrease Accounts payable Accounts receivable $40, 300 increase 25,275 increase Salaries payable Inventory Prepare the operating activities section of...
The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year...
The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $245,535 Depreciation expense Rent expense 49,600 Amortization expenses-Patents 4,200 Utilities expense $1,828,000 991,800 837,000 44,20€ 18,125 361,660 475, 340 6.200 Gain on sale of equipment Net income $ 481, 540 Accounts receivable Inventory $30, 500 increase 25,900 increase Accounts payable salaries payable $12,500 decrease 3,508 decrease Prepare the operating activities...
The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year...
The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $ 270,164 Depreciation expense 47,328 Rent expense 53, 244 Amortization expenses-Patents 5,916 Utilities expense 21,692 $1,972,000 966,280 1,005,720 Gain on sale of equipment Net income 398,344 607,376 7,888 $ 615,264 Accounts receivable Inventory $10,600 increase 13,825 increase Accounts payable salaries payable $13,350 decrease 5,650 decrease Prepare the operating activities section...
The following income statement and additional year-end information is provided. Sints SONAD COMPANY Income Statement For...
The following income statement and additional year-end information is provided. Sints SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $274,959 Depreciation expense 48,168 Rent expense 54,189 Amortization expenses-Patents 6,021 Utilities expense 22,077 $2,007,000 983, 430 1,023,570 Skipped eBook References Gain on sale of equipment Net income 405,414 618, 156 8,028 626,184 $ Accounts receivable Inventory $40,650 increase 39,925 increase Accounts payable Salaries payable $19,900 decrease 2,680 decrease Prepare...
he following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year...
he following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended December 31 Sales $ 2,428,000 Cost of goods sold 1,189,720 Gross profit 1,238,280 Operating expenses Salaries expense $ 332,636 Depreciation expense 58,272 Rent expense 65,556 Amortization expenses—Patents 7,284 Utilities expense 26,708 490,456 747,824 Gain on sale of equipment 9,712 Net income $ 757,536 Accounts receivable $ 26,100 increase Accounts payable $ 9,750 decrease Inventory 19,175 increase Salaries payable 2,950 decrease Prepare the operating...
Return to question Using the following income statement and additional year-end information. 16.7 points $2,021,000 990,290...
Return to question Using the following income statement and additional year-end information. 16.7 points $2,021,000 990,290 1,030, 710 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $276,877 Depreciation expense 48,504 Rent expense 54,567 Amortization expenses-Patents 6,063 Utilities expense 22,231 Gain on sale of equipment Net income 408,242 622,468 8,084 $ 630,552 Accounts receivable Inventory $19, 150 increase 30,050 increase Accounts payable salaries payable $ 9,425 decrease 1,950 decrease...
The following income statement along with additional year-end information about changes in noncash current assets and...
The following income statement along with additional year-end information about changes in noncash current assets and current liabilities are reported. $1,828,000 991,000 837,000 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $245,535 Depreciation expense 44,200 Rent expense 49,600 Amortization expense-Patents 4,200 Utilities expense 18,125 361,660 475, 340 6,200 $ 481,540 Gain on sale of equipment Net income Additional Year-End Balance Sheet Data Accounts receivable $30,500 increase Inventory 25,000...
3 The following income statement and additional year-end information is provided. 9.09 points $1,655,000 810,950 844,850...
3 The following income statement and additional year-end information is provided. 9.09 points $1,655,000 810,950 844,850 eBook SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $226,735 Depreciation expense 39,720 Rent expense 44,685 Amortization expenses-Patents 4,965 Utilities expense 18,205 Gain on sale of equipment Net income Hint Print References 334,310 509,740 6,620 $ 516,360 Accounts receivable Inventory $28,000 increase 18,775 increase Accounts payable Salaries payable $14,600 decrease 1,100 decrease...
Check my work 6 The following income statement along with additional year-end information about changes in...
Check my work 6 The following income statement along with additional year-end information about changes in noncash current assets and current liabilities are reported. eBook SONAD COMPANY Income Statement For Year Ended December 31 Sales Coat of goods sold Gross profit Operating expenses Salaries expense $222,625 Depreciation expense 39,000 Rent expense 43,875 Amortization expenses-Patents 4,875 Utilities expense 17,875 $1,625,000 796,250 828,750 Gain on sale of equipment Net income 328,250 500,500 6,500 $ 507,000 Additional Year-End Balance Sheet Data Accounts receivable...
Exercise 16-4 Indirect: Cash flows from operating activities LO P2 The following income statement and additional...
Exercise 16-4 Indirect: Cash flows from operating activities LO P2 The following income statement and additional year-end Information is provided. $1,828,000 991,000 837,000 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $ 245,535 Depreciation expense 44,200 Rent expense 49,600 Amortization expenses-Patents 4,200 Utilities expense 18,125 361,660 475, 340 6,200 481,540 Gain on sale of equipment Net income $ Accounts receivable Inventory $30,500 increase 25,000 increase Accounts payable Salaries...
The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended December 31 $2,008,000 983,920 1,024,080 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $275,096 48,192 54,216 Depreciation expense Rent expense Amortization expenses-Patents Utilities expense 6,024 22,088 405,616 618,464 Gain on sale of equipment 8,032 $ 626,496 Net income $8,100 decrease 2,650 decrease Accounts payable Accounts receivable $40, 300 increase 25,275 increase Salaries payable Inventory Prepare the operating activities section of...
The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $245,535 Depreciation expense Rent expense 49,600 Amortization expenses-Patents 4,200 Utilities expense $1,828,000 991,800 837,000 44,20€ 18,125 361,660 475, 340 6.200 Gain on sale of equipment Net income $ 481, 540 Accounts receivable Inventory $30, 500 increase 25,900 increase Accounts payable salaries payable $12,500 decrease 3,508 decrease Prepare the operating activities...
The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $ 270,164 Depreciation expense 47,328 Rent expense 53, 244 Amortization expenses-Patents 5,916 Utilities expense 21,692 $1,972,000 966,280 1,005,720 Gain on sale of equipment Net income 398,344 607,376 7,888 $ 615,264 Accounts receivable Inventory $10,600 increase 13,825 increase Accounts payable salaries payable $13,350 decrease 5,650 decrease Prepare the operating activities section...
The following income statement and additional year-end information is provided. Sints SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $274,959 Depreciation expense 48,168 Rent expense 54,189 Amortization expenses-Patents 6,021 Utilities expense 22,077 $2,007,000 983, 430 1,023,570 Skipped eBook References Gain on sale of equipment Net income 405,414 618, 156 8,028 626,184 $ Accounts receivable Inventory $40,650 increase 39,925 increase Accounts payable Salaries payable $19,900 decrease 2,680 decrease Prepare...
Return to question Using the following income statement and additional year-end information. 16.7 points $2,021,000 990,290 1,030, 710 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $276,877 Depreciation expense 48,504 Rent expense 54,567 Amortization expenses-Patents 6,063 Utilities expense 22,231 Gain on sale of equipment Net income 408,242 622,468 8,084 $ 630,552 Accounts receivable Inventory $19, 150 increase 30,050 increase Accounts payable salaries payable $ 9,425 decrease 1,950 decrease...
The following income statement along with additional year-end information about changes in noncash current assets and current liabilities are reported. $1,828,000 991,000 837,000 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $245,535 Depreciation expense 44,200 Rent expense 49,600 Amortization expense-Patents 4,200 Utilities expense 18,125 361,660 475, 340 6,200 $ 481,540 Gain on sale of equipment Net income Additional Year-End Balance Sheet Data Accounts receivable $30,500 increase Inventory 25,000...
3 The following income statement and additional year-end information is provided. 9.09 points $1,655,000 810,950 844,850 eBook SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $226,735 Depreciation expense 39,720 Rent expense 44,685 Amortization expenses-Patents 4,965 Utilities expense 18,205 Gain on sale of equipment Net income Hint Print References 334,310 509,740 6,620 $ 516,360 Accounts receivable Inventory $28,000 increase 18,775 increase Accounts payable Salaries payable $14,600 decrease 1,100 decrease...
Check my work 6 The following income statement along with additional year-end information about changes in noncash current assets and current liabilities are reported. eBook SONAD COMPANY Income Statement For Year Ended December 31 Sales Coat of goods sold Gross profit Operating expenses Salaries expense $222,625 Depreciation expense 39,000 Rent expense 43,875 Amortization expenses-Patents 4,875 Utilities expense 17,875 $1,625,000 796,250 828,750 Gain on sale of equipment Net income 328,250 500,500 6,500 $ 507,000 Additional Year-End Balance Sheet Data Accounts receivable...
Exercise 16-4 Indirect: Cash flows from operating activities LO P2 The following income statement and additional year-end Information is provided. $1,828,000 991,000 837,000 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $ 245,535 Depreciation expense 44,200 Rent expense 49,600 Amortization expenses-Patents 4,200 Utilities expense 18,125 361,660 475, 340 6,200 481,540 Gain on sale of equipment Net income $ Accounts receivable Inventory $30,500 increase 25,000 increase Accounts payable Salaries...
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