-
Based on the following information from Ouyang Inc., how much is
the operating cash flow for the year 2013? Table: Ouyang Inc.
Operating Cash Flow
Income Statement Item
Year Ended 12/31/2012
Year Ended 12/31/2013
Change
Net income
$30
Depreciation
5
Balance sheet item
12/31/2012
12/31/2013
Change
Accounts Receivable (A/R)
$24
$28
$4
Inventory
15
12
-3
Accounts Payable (A/P)
17
7
-10
35
32
30
28
24
-
The accounting staff of Wyoming Outfitters, Inc., has assembled
the following information for the current year ended December
31.
Cash and cash equivalents, Jan. 1
$
35,800
Cash and cash equivalents, Dec. 31
169,800
Cash paid to acquire plant assets
25,000
Proceeds from short-term borrowing
10,000
Loans made to borrowers
3,300
Collections on loans (excluding interest)
4,000
Interest and dividends received
31,300
Cash received from customers
845,000
Proceeds from sales of plant assets
9,000
Dividends paid
43,000
Cash paid to...
-
The accounting staff of Wyoming Outfitters, Inc., has assembled
the following information for the current year ended December
31.
Cash and cash
equivalents, Jan. 1
$
35,800
Cash and cash
equivalents, Dec. 31
160,100
Cash paid to
acquire plant assets
21,000
Proceeds from
short-term borrowing
10,000
Loans made to
borrowers
5,600
Collections on
loans (excluding interest)
4,000
Interest and
dividends received
39,900
Cash received
from customers
825,000
Proceeds from
sales of plant assets
9,000
Dividends
paid
45,000
Cash paid to...
-
1. Slice Corporation reported the following information in its 2013 financial statements (S in millions): [6 points) 2013 2012 Balance Sheet: Accounts Receivable, net $ 725 $ 1.125 2013 Income Statement: Sales Revenue Bad Debt Expense $6,275 A note disclosed that the allowance for uncollectible accounts had a balance of $22 million and S18 million at the end of 2013 and 2012, respectively. Determine the amount of cash collected from customers during 2013.
-
Presented below is selected financial information for Tamarisk, Inc. for the year ended December 31, 2017 Inventoryy Cash paid to suppliers Buildings Common stock Cash dividends paid Cash at beginning of period 24,400 Cash paid to purchase equipment 104,900 Equipment 198,200 Service revenue 11,000 38,500 106,200 132,000 5,500 Cash received from issuing common stock 21,500 49,800 Cash received from customers 8,100 (a) Prepare the statement of cash flows for Tamarisk, Inc. (Show amounts that decrease cash flow either with a...
-
Problem 1-4A Inc. for the year ended December 31,2017 Presented below is selected financial information for Kingbird, Inventory Cash paid to suppliers Buildings Common stock Cash dividends paid Cash at beginning of period 7,400 $12,000 42,700 103,400 132,400 7,100 Cash received from issuing common stock 21,800 $24,500 Cash paid to purchase equipment 103,900 Equipment 199,800 Service revenue 50,100 Cash received from customers (a) Prepare the statement of cash flows for Kingbird, Inc. (Show amounts that decrease cash flow either with...
-
The following information has been reported by Laporte Inc. on its statements of financial position at December 31, 2016 and 2017, and on its statement of earnings for the year ended December 31, 2017. Amounts are in millions of dollars: Statements of Financial Position 2017 Cash $ 118 Accounts receivable 48 Merchandise inventory Long-term investments Property, plant, and equipment Accumulated depreciation (92) 2016 $ 82 38 46 42 238 196 (110) Total assets $ 354 $ 284 $ Accounts payable...
-
This information is for Tamarisk, Inc. for the year ended December 31, 2017. Cash received from lenders Cash received from customers Cash paid for new equipment Cash dividends paid Cash paid to suppliers Cash balance 1/1/17 $18,100 45,100 29,200 7,000 17,800 13,000 (a) Prepare the 2017 statement of cash flows for Tamarisk, Inc.. (List negative amounts either with a negative Tamarisk, Inc. Statement of Cash Flows
-
Problem 1-4A Presented below is selected financial information for Coronado Industries for the year ended December 31, 2017 Inventory Cash paid to suppliers Buildings Common stock Cash dividends paid Cash at beginning of period $25,900 Cash paid to purchase equipment 103,700 Equipment 199,200 Service revenue $12,500 41,600 103,400 132,100 6,100 Cash received from issuing common stock 21,900 49,300 Cash received from customers 7,400 Coronado Industries Statement of Cash Flows For the Year Ended December 31, 2017-
-
Portions of the financial statements for Myriad Products are provided below. $ 600 210 390 MYRIAD PRODUCTS COMPANY Income Statement For the Year Ended December 31, 2021 ($ in millions) Sales Cost of goods sold Gross margin Salaries expense Depreciation expense Amortization expense Interest expense Loss on sale of land Income before taxes Income tax expense Net Income 168 222 111 $ 111 Change 2021 $105 222 2020 S182 235 Cash Accounts receivable Inventory Accounts payable Salaries payable Interest payable...
1. Slice Corporation reported the following information in its 2013 financial statements (S in millions): [6 points) 2013 2012 Balance Sheet: Accounts Receivable, net $ 725 $ 1.125 2013 Income Statement: Sales Revenue Bad Debt Expense $6,275 A note disclosed that the allowance for uncollectible accounts had a balance of $22 million and S18 million at the end of 2013 and 2012, respectively. Determine the amount of cash collected from customers during 2013.
Presented below is selected financial information for Tamarisk, Inc. for the year ended December 31, 2017 Inventoryy Cash paid to suppliers Buildings Common stock Cash dividends paid Cash at beginning of period 24,400 Cash paid to purchase equipment 104,900 Equipment 198,200 Service revenue 11,000 38,500 106,200 132,000 5,500 Cash received from issuing common stock 21,500 49,800 Cash received from customers 8,100 (a) Prepare the statement of cash flows for Tamarisk, Inc. (Show amounts that decrease cash flow either with a...
Problem 1-4A Inc. for the year ended December 31,2017 Presented below is selected financial information for Kingbird, Inventory Cash paid to suppliers Buildings Common stock Cash dividends paid Cash at beginning of period 7,400 $12,000 42,700 103,400 132,400 7,100 Cash received from issuing common stock 21,800 $24,500 Cash paid to purchase equipment 103,900 Equipment 199,800 Service revenue 50,100 Cash received from customers (a) Prepare the statement of cash flows for Kingbird, Inc. (Show amounts that decrease cash flow either with...
The following information has been reported by Laporte Inc. on its statements of financial position at December 31, 2016 and 2017, and on its statement of earnings for the year ended December 31, 2017. Amounts are in millions of dollars: Statements of Financial Position 2017 Cash $ 118 Accounts receivable 48 Merchandise inventory Long-term investments Property, plant, and equipment Accumulated depreciation (92) 2016 $ 82 38 46 42 238 196 (110) Total assets $ 354 $ 284 $ Accounts payable...
This information is for Tamarisk, Inc. for the year ended December 31, 2017. Cash received from lenders Cash received from customers Cash paid for new equipment Cash dividends paid Cash paid to suppliers Cash balance 1/1/17 $18,100 45,100 29,200 7,000 17,800 13,000 (a) Prepare the 2017 statement of cash flows for Tamarisk, Inc.. (List negative amounts either with a negative Tamarisk, Inc. Statement of Cash Flows
Problem 1-4A Presented below is selected financial information for Coronado Industries for the year ended December 31, 2017 Inventory Cash paid to suppliers Buildings Common stock Cash dividends paid Cash at beginning of period $25,900 Cash paid to purchase equipment 103,700 Equipment 199,200 Service revenue $12,500 41,600 103,400 132,100 6,100 Cash received from issuing common stock 21,900 49,300 Cash received from customers 7,400 Coronado Industries Statement of Cash Flows For the Year Ended December 31, 2017-
Portions of the financial statements for Myriad Products are provided below. $ 600 210 390 MYRIAD PRODUCTS COMPANY Income Statement For the Year Ended December 31, 2021 ($ in millions) Sales Cost of goods sold Gross margin Salaries expense Depreciation expense Amortization expense Interest expense Loss on sale of land Income before taxes Income tax expense Net Income 168 222 111 $ 111 Change 2021 $105 222 2020 S182 235 Cash Accounts receivable Inventory Accounts payable Salaries payable Interest payable...