Homework Answers
| Partial Statement of Cash flows | |||
| For the year ended November 30,2020 | |||
| Cash flows from Operating activities | |||
| Cash receipts from customers | 7224800 | =7428800-204000 | |
| Less: Cash payments | |||
| To Supplies | -4703800 | =4847300-476500+333000 | |
| For Operating expenses | -1289400 | =1100000+178900+105200-94700 | |
| -5993200 | |||
| Net Cash provided by Operating activities | 1231600 |
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O Sat 11 26 PR 58% Vew History Bookmarks People Tab Window Help GRADED Chot 17...
Problem 17-OJA (Video) The income statement of Whitlock Company is presented here. WHITLOCK COMPANY $7.477.800 For...
Problem 17-OJA (Video) The income statement of Whitlock Company is presented here. WHITLOCK COMPANY $7.477.800 For the Year Ended November 30, 2020 Sales revenue Cost of goods sold Beginning inventory $1,888,900 Purchases 4,380,300 Goods available for sale 6,269,200 Ending inventory 1,326,600 Total cost of goods sold Gross profit Operating expenses Net income 4,942,600 2,535,200 1,141,700 $1,393,500 Additional information 1. Accounts receivable increased $196,300 during the year, and inventory decreased 5562.300 2. Prepaid expenses increased $168,900 during the year. 3. Accounts...
The income statement of Whitlock Company is presented here. WHITLOCK COMPANY Income Statement For the Year...
The income statement of Whitlock Company is presented here. WHITLOCK COMPANY Income Statement For the Year Ended November 30, 2020 Sales revenue $7,564,900 Cost of goods sold Beginning inventory $1,836,300 Purchases 4,423,500 Goods available for sale 6,259,800 Ending inventory 1,305,000 Total cost of goods sold 4,954,800 Gross profit 2,610,100 Operating expenses 1,130,200 $1,479,900 Net income Additional information: 1. Accounts receivable increased $192,500 during the year, and inventory decreased $531,300. 2. Prepaid expenses increased $175,100 during the year. 3. Accounts payable...
The income statement of Whitlock Company is presented here. WHITLOCK COMPANY Income Statement For the Year...
The income statement of Whitlock Company is presented here. WHITLOCK COMPANY Income Statement For the Year Ended November 30, 2020 Sales revenue $7,491,300 Cost of goods sold Beginning inventory $1,801,400 4,309,700 Purchases Goods available for sale 6,111,100 1,419,800 Ending inventory Total cost of goods sold 4,691,300 Gross profit 2,800,000 1,174,300 Operating expenses Net income $1,625,700 Additional information: 1. Accounts receivable increased $190, 100 during the year, and inventory decreased $381,600. 2. Prepaid expenses increased $180,200 during the year. 3. Accounts...
The income statement of Whitlock Company is presented here. W Income Statement NY For the Year Ended November 30, 2020...
The income statement of Whitlock Company is presented here. W Income Statement NY For the Year Ended November 30, 2020 Sales revenue $7,459,100 Cost goods sold Beginning inventory $1,986,400 Purchases 4,371,200 Goods available for sale 6,357,600 Ending inventory 1,444,200 Total cost of goods sold 4,913,400 Gross profit 2,545,700 Operating expenses 1,122,500 $1,423,200 Net income Additional information: 1. Accounts receivable increased $198,900 during the year, and inventory decreased $542,200. 2. Prepaid expenses increased $180,000 during the year. 3. Accounts payable to...
The income statement of Whitlock Company is presented here. WHITLOCK COMPANY Income Statement For the Year...
The income statement of Whitlock Company is presented here. WHITLOCK COMPANY Income Statement For the Year Ended November 30, 2020 Sales revenue $7,431,800 Cost of goods sold Beginning inventory $1,880,900 Purchases 4,343,000 Goods available for sale 6,223.900 Ending inventory 1,490,000 Total cost of goods sold 4,733.900 Gross profit 2,697,900 Operating expenses 1,144.400 Net income $1,553,500 Additional information: 1. Accounts receivable increased $190,300 during the year, and inventory decreased $390,900. 2. Prepaid expenses increased $169,000 during the year. 3. Accounts payable...
The income statement of Whitlock Company is presented here. $7,420,100 WHITLOCK COMPANY Income Statement For the...
The income statement of Whitlock Company is presented here. $7,420,100 WHITLOCK COMPANY Income Statement For the Year Ended November 30, 2020 Sales revenue Cost of goods sold Beginning inventory $1,908,600 Purchases 4,385,900 Goods available for sale 6,294,500 Ending inventory 1,307,100 Total cost of goods sold Gross profit Operating expenses 4,987,400 2,432,700 1,001,500 Net income $1,431,200 Additional information: 1. Accounts receivable increased $195,700 during the year, and inventory decreased $601,500. 2. Prepaid expenses increased $166,000 during the year. 3. Accounts payable...
The income statement of Whitlock Company is presented here. WHITLOCK COMPANY Income Statement For the Year...
The income statement of Whitlock Company is presented
here.
WHITLOCK COMPANY
Income Statement
For the Year Ended November 30, 2017
Sales revenue
$7,425,500
Cost of goods sold
Beginning inventory
$1,914,300
Purchases
4,345,900
Goods available for sale
6,260,200
Ending inventory
1,468,200
Total cost of goods sold
4,792,000
Gross profit
2,633,500
Operating expenses
1,116,000
Net income
$1,517,500
Additional information:
1.
Accounts receivable increased $191,200 during the year, and
inventory decreased $446,100.
2.
Prepaid expenses increased $176,200 during the year.
3.
Accounts payable...
Problem 17-04A (Video) The income statement of Whitlock Company is presented here. WHITLOCK COMPANY Income Statement...
Problem 17-04A (Video) The income statement of Whitlock Company is presented here. WHITLOCK COMPANY Income Statement For the Year Ended November 30, 2020 Sales revenue $7,425,000 Cost of goods sold Beginning inventory $1,833,800 Purchases 4,408,000 Goods available for sale 6,241,800 Ending inventory 1,381,900 Total cost of goods sold 4,859,900 Gross profit 2,565,100 Operating expenses 1,006,500 Net income $1,558,600 Additional information: 1. Accounts receivable increased $205,000 during the year, and inventory decreased $451,900. 2. Prepaid expenses increased $177,600 during the year....
HELP ME SOLVE THIS Sales revenue $7,522,100 Cost of goods sold Beginning inventory $1,869,400 Purchases 4,492,900...
HELP ME SOLVE THIS
Sales revenue
$7,522,100
Cost of goods sold
Beginning inventory
$1,869,400
Purchases
4,492,900
Goods available for sale
6,362,300
Ending inventory
1,321,200
Total cost of goods sold
5,041,100
Gross profit
2,481,000
Operating expenses
1,112,800
Net income
$1,368,200
Additional information:
1.
Accounts receivable increased $204,100 during the year, and
inventory decreased $548,200.
2.
Prepaid expenses increased $166,800 during the year.
3.
Accounts payable to suppliers of merchandise decreased $346,900
during the year.
4.
Accrued expenses payable decreased $109,600 during...
Help ry 3 Bookmarks People Tab Window x Topic: Module 3 - Discussion 4 X +...
Help ry 3 Bookmarks People Tab Window x Topic: Module 3 - Discussion 4 X + m/courses/54454/discussion_topic/584495 This is a graded discussion: 5 points possible due Feb Module 3 - Discussion 4 - Week 5 • ABC Corporation sold an unused building for $177,000. The building's book value on the date of sale was $172,000. How will this transaction appear in a statement of cash flows prepared using the indirect method? • What is free cash flows? How do you...
Problem 17-OJA (Video) The income statement of Whitlock Company is presented here. WHITLOCK COMPANY $7.477.800 For the Year Ended November 30, 2020 Sales revenue Cost of goods sold Beginning inventory $1,888,900 Purchases 4,380,300 Goods available for sale 6,269,200 Ending inventory 1,326,600 Total cost of goods sold Gross profit Operating expenses Net income 4,942,600 2,535,200 1,141,700 $1,393,500 Additional information 1. Accounts receivable increased $196,300 during the year, and inventory decreased 5562.300 2. Prepaid expenses increased $168,900 during the year. 3. Accounts...
The income statement of Whitlock Company is presented here. WHITLOCK COMPANY Income Statement For the Year Ended November 30, 2020 Sales revenue $7,564,900 Cost of goods sold Beginning inventory $1,836,300 Purchases 4,423,500 Goods available for sale 6,259,800 Ending inventory 1,305,000 Total cost of goods sold 4,954,800 Gross profit 2,610,100 Operating expenses 1,130,200 $1,479,900 Net income Additional information: 1. Accounts receivable increased $192,500 during the year, and inventory decreased $531,300. 2. Prepaid expenses increased $175,100 during the year. 3. Accounts payable...
The income statement of Whitlock Company is presented here. WHITLOCK COMPANY Income Statement For the Year Ended November 30, 2020 Sales revenue $7,491,300 Cost of goods sold Beginning inventory $1,801,400 4,309,700 Purchases Goods available for sale 6,111,100 1,419,800 Ending inventory Total cost of goods sold 4,691,300 Gross profit 2,800,000 1,174,300 Operating expenses Net income $1,625,700 Additional information: 1. Accounts receivable increased $190, 100 during the year, and inventory decreased $381,600. 2. Prepaid expenses increased $180,200 during the year. 3. Accounts...
The income statement of Whitlock Company is presented here. W Income Statement NY For the Year Ended November 30, 2020 Sales revenue $7,459,100 Cost goods sold Beginning inventory $1,986,400 Purchases 4,371,200 Goods available for sale 6,357,600 Ending inventory 1,444,200 Total cost of goods sold 4,913,400 Gross profit 2,545,700 Operating expenses 1,122,500 $1,423,200 Net income Additional information: 1. Accounts receivable increased $198,900 during the year, and inventory decreased $542,200. 2. Prepaid expenses increased $180,000 during the year. 3. Accounts payable to...
The income statement of Whitlock Company is presented here. WHITLOCK COMPANY Income Statement For the Year Ended November 30, 2020 Sales revenue $7,431,800 Cost of goods sold Beginning inventory $1,880,900 Purchases 4,343,000 Goods available for sale 6,223.900 Ending inventory 1,490,000 Total cost of goods sold 4,733.900 Gross profit 2,697,900 Operating expenses 1,144.400 Net income $1,553,500 Additional information: 1. Accounts receivable increased $190,300 during the year, and inventory decreased $390,900. 2. Prepaid expenses increased $169,000 during the year. 3. Accounts payable...
The income statement of Whitlock Company is presented here. $7,420,100 WHITLOCK COMPANY Income Statement For the Year Ended November 30, 2020 Sales revenue Cost of goods sold Beginning inventory $1,908,600 Purchases 4,385,900 Goods available for sale 6,294,500 Ending inventory 1,307,100 Total cost of goods sold Gross profit Operating expenses 4,987,400 2,432,700 1,001,500 Net income $1,431,200 Additional information: 1. Accounts receivable increased $195,700 during the year, and inventory decreased $601,500. 2. Prepaid expenses increased $166,000 during the year. 3. Accounts payable...
The income statement of Whitlock Company is presented
here.
WHITLOCK COMPANY
Income Statement
For the Year Ended November 30, 2017
Sales revenue
$7,425,500
Cost of goods sold
Beginning inventory
$1,914,300
Purchases
4,345,900
Goods available for sale
6,260,200
Ending inventory
1,468,200
Total cost of goods sold
4,792,000
Gross profit
2,633,500
Operating expenses
1,116,000
Net income
$1,517,500
Additional information:
1.
Accounts receivable increased $191,200 during the year, and
inventory decreased $446,100.
2.
Prepaid expenses increased $176,200 during the year.
3.
Accounts payable...
HELP ME SOLVE THIS
Sales revenue
$7,522,100
Cost of goods sold
Beginning inventory
$1,869,400
Purchases
4,492,900
Goods available for sale
6,362,300
Ending inventory
1,321,200
Total cost of goods sold
5,041,100
Gross profit
2,481,000
Operating expenses
1,112,800
Net income
$1,368,200
Additional information:
1.
Accounts receivable increased $204,100 during the year, and
inventory decreased $548,200.
2.
Prepaid expenses increased $166,800 during the year.
3.
Accounts payable to suppliers of merchandise decreased $346,900
during the year.
4.
Accrued expenses payable decreased $109,600 during...
Help ry 3 Bookmarks People Tab Window x Topic: Module 3 - Discussion 4 X + m/courses/54454/discussion_topic/584495 This is a graded discussion: 5 points possible due Feb Module 3 - Discussion 4 - Week 5 • ABC Corporation sold an unused building for $177,000. The building's book value on the date of sale was $172,000. How will this transaction appear in a statement of cash flows prepared using the indirect method? • What is free cash flows? How do you...
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