Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions: 1) issued stock for $76,000 2) borrowed $43,000 from its bank 3) provided consulting services for $74,000 cash 4) paid back $33,000 of the bank loan 5) paid rent expense for $18,000 6) purchased equipment for $30,000 cash 7) paid $4,800 dividends to stockholders 8) paid employees' salaries of $39,000 What is Yowell's net cash flow from operating activities?
ANSWER:
Particulars | Amount |
---|---|
Cash received from consulting services | $74000 |
Less: Rent expense paid | ($18000) |
Less: Employees' salaries paid | ($39000) |
CASH FLOW FROM OPERATING ACTIVITIES | $17000 |
Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in...
2.Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions: 1) issued stock for $46,000 2) borrowed $28,000 from its bank 3) provided consulting services for $44,000 cash 4) paid back $18,000 of the bank loan 5) paid rent expense for $10,500 6) purchased equipment for $15,000 cash 7) paid $3,300 dividends to stockholders 8) paid employees' salaries of $24,000 What is Yowell's net cash flow from operating activities? Multiple...
Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions: 1) issued stock for $46,000 2) borrowed $28,000 from its bank 3) provided consulting services for $44,000 cash 4) paid back $18,000 of the bank loan 5) paid rent expense for $10,500 6) purchased equipment for $15,000 cash 7) paid $3,300 dividends to stockholders 8) paid employees' salaries of $24,000 What is Yowell's net income for Year 1?
Required information (The following information applies to the questions displayed below.) Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions: 1) issued stock for $76,000 2) borrowed $43,000 from its bank 3) provided consulting services for $74,000 4) paid back $33,000 of the bank loan 5) paid rent expense for $18,000 6) purchased equipment costing $30,000 7) paid $4.800 dividends to stockholders 8) paid employees' salaries for work completed...
10. Yowell Company began operations on January 1. Year 1. During Year 1, the company engaged in the following cash transactions: 1) issued stock for $42,000 2) borrowed $26,000 from its bank 3) provided consulting services for $40,000 cash 4) paid back $16,000 of the bank loan 5) paid rent expense for $9500 6) purchased equipment for $13,000 cash 7) paid $3100 dividends to stockholders 8) paid employees' salaries of $22,000 What is Yowell's net income for Year 1? A)...
1z Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions l) issued stock for $58.000 2) borrowed $34,000 from its bank provided consulting services for $56.000 cash 4) paid back $24.000 of the bank loan 5) paid rent expense for $13.500 6) p 8) paid employees' salaries of $30.000 What is Yowell's notes payable balance at the end of Year 1? $10.000 so.
Required information (The following information applies to the questions displayed below.) Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions: 1) issued stock for $78,000 2) borrowed $44,000 from its bank 3) provided consulting services for $76,000 4) paid back $34,000 of the bank loan 5) paid rent expense for $18,500 6) purchased equipment costing $31,000 7) paid $4.900 dividends to stockholders 8) paid employees' salaries, $40,000 What is...
Required information Cole Company began operations on January 1, 2011. During 2011, the company engaged in the following cash transactions: 1) issued stock for $30,000 2) borrowed $24,000 from its bank 3) sold merchandise for $28,500 4) paid back $10,100 of the bank loan 5) paid rent expense for $2,150 6) purchased equipment costing $5,150 7) paid $3,000 dividends to stockholders 8) paid employees' salaries, $11,100 What is Cole's net cash flow from operating activities? Multiple Choice Inflow of $58,300...
please help Saved Help Save & EX Required information (The following information applies to the questions displayed below.) Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions: 1) issued stock for $74,000 2) borrowed $42,000 from its bank 3) provided consulting services for $72,000 4) paid back $32,000 of the bank loan 5) paid rent expense for $17,500 6) purchased equipment costing $29,000 7) paid $4,700 dividends to stockholders...
During January, Your Company engaged in the following cash transactions: 1) issued stock for $30,000 2) borrowed $45,000 from its bank 3) provided services for $32,000 cash 4) paid back $10,000 of the bank loan 5) paid employees' salaries, $2,000 6) purchased supplies for $3,000 7) paid $5,000 dividends to stockholders What is the net cash flow from financing activities for January? Group of answer choices
At the end of 2011, retained earnings for the Bisk Company was $3,450. Revenue earned by the company in 2011 was $2,235, expenses paid during the period were $1,105, and dividends paid during the period were $525. Based on this information alone, retained earnings at the beginning of 2011 was Required information Cole Company began operations on January 1, 2011. During 2011, the company engaged in the following cash transactions: 1) issued stock for $30,000 2) borrowed $33,000 from its...