Wireless Solutions reports operating expenses of $905,000. Operating expenses include both rent expense and salaries expense....
Wireless Solutions reports operating expenses of $905,000.
Operating expenses include both rent expense and salaries expense.
Prepaid rent increases during the year by $22,000 and salaries
payable increases by $16,000.
What is the cash paid for operating expenses during the year?
(List cash outflows and any decrease in cash as negative
amounts.)
Homework Answers
Cash paid for operating expenses
= operating expenses + prepaid rent increase - salaries payable increase
= 905,000 + 22,000 - 16,000
= 911,000
Add Answer to:
Wireless Solutions reports operating expenses of $905,000.
Operating expenses include both rent expense and salaries expense....
A company reports operating expenses of $5 million. Operating expenses include rent expense. Prepaid rent at...
A company reports operating expenses of $5 million. Operating expenses include rent expense. Prepaid rent at the beginning and end of the year is $120,000 and $80,000, respectively. All other operating expenses were paid in cash as incurred. What is the amount of cash paid for operating expenses? Multiple Choice Ο $5,000,000. Ο $5,040,000. 55,000 Ο $4,960,000. Ο $5,080,000.
Bonita Industries reports operating expenses of $85,000, excluding depreciation expense of $14,000 for 2022. During the...
Bonita Industries reports operating expenses of $85,000, excluding depreciation expense of $14,000 for 2022. During the year, prepaid expenses decreased $6,700 and accrued expenses payable increased $3,900. Compute the cash payments for operating expenses in 2022. The cash payments for operating expenses in 2022
thank you Laser World reports net income of $560,000. Depreciation expense is $41,000, accounts receivable increases...
thank you
Laser World reports net income of $560,000. Depreciation expense is $41,000, accounts receivable increases $11,000, and accounts payable decreases $21,000. Calculate net cash flows from operating activities using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) LASER WORLD Statement of Cash Flows (Partial) Cash flows from operating activities 1 $ 560,000 Adjustments to reconcile net income to net cash flows from operating activities: Depreciation expense Increase in accounts receivable Decrease in accounts...
Answer choices given on the left side: (Indirect Method) Decrease in accounts payable Decrease in accounts...
Answer choices given on the left side: (Indirect Method)
Decrease in accounts payable
Decrease in accounts receivable
Decrease in income tax payable
Decrease in inventory
Decrease in prepaid rent
Decrease in salaries payable
Depreciation expense
Increase in accounts payable
Increase in accounts receivable
Increase in income tax payable
Increase in inventory
Increase in prepaid rent
Increase in salaries payable
Net income
Net loss
Operating expense
Portions of the financial statements for Alliance Technologies are provided below. $405,000 ALLIANCE TECHNOLOGIES Income...
Question 1 Laser World reports net income of $460,000. Depreciation expense is $31,000, accounts receivable increases...
Question 1
Laser World reports net income of $460,000. Depreciation expense is $31,000, accounts receivable increases $11,000, and accounts payable decreases $11,000. Calculate net cash flows from operating activities using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) LASER WORLD Statement of Net Cash Flows (partial) Cash flows from operating activities Adjustments to reconcile net income to net cash flows from operating activities: ces Net cash flows from operating activities
Problem 11-3A Calculate operating activities-indirect method (LO11-3) Portions of the financial statements for Alliance Technologies are...
Problem 11-3A Calculate operating activities-indirect method (LO11-3) Portions of the financial statements for Alliance Technologies are provided below ALLIANCE TECHNOLOGIES Income Statement For the year ended December 31, 2021 $365,000 Net sales Expenses: Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses $215,e00 66,000 16,600 25,000 322,600 $ 42,400 Net income es ALLIANCE TECHNOLOGIES Selected Balance Sheet Data December 31, 2021, compared to December 31, 2020 Decrease in accounts receivable Increase in inventory Decrease in prepaid...
Portions of the financial statements for Alliance Technologies are provided below. ALLIANCE TECHNOLOGIES Income Statement For...
Portions of the financial statements for Alliance Technologies are provided below. ALLIANCE TECHNOLOGIES Income Statement For the year ended December 31, 2021 $315,000 Net sales Expenses: Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses $190,000 61,000 16,100 22,500 289,600 $ 25,400 Net income ALLIANCE TECHNOLOGIES Selected Balance Sheet Data December 31, 2021, compared to December 31, 2020 $6,100 13,100 9,100 5,100 8,100 20,400 Decrease in accounts receivable Increase in inventory Decrease in prepaid rent Increase...
Please explain. Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER Income...
Please explain.
Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER Income Statement For the year ended December 31, 2021 Net sales $2,050,000 Expenses: Coat of goods sold $1,150,000 Operating expenses 660,000 Depreciation expense 60,000 Income tax expense 50,000 Total expenses 1,920,000 Net income $ 130,000 PEACH COMPUTER Selected Balance Sheet Data December 31 Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable 2021 $112,000 46,000 85,000 4.000 55,000 6,000 2020 $90,000 54,000 60,000...
Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using...
Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) PEACH COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2018 Cash flows from operating activities: Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER...
Check my work Portions of the financial statements for Peach Computer are provided below. 16.66 points...
Check my work Portions of the financial statements for Peach Computer are provided below. 16.66 points PEACH COMPUTER Income Statement For the year ended December 31, 2021 Net sales $1,600,000 Expenses : Cost of goods sold $970,000 Operating expenses 480,000 Depreciation expense 42,000 Income tax expense 32,000 Total expenses 1,524,000 Net income $ 76,000 eBook Hint Print References PEACH COMPUTER Selected Balance Sheet Data December 31 Increase (I) or Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable...
A company reports operating expenses of $5 million. Operating expenses include rent expense. Prepaid rent at the beginning and end of the year is $120,000 and $80,000, respectively. All other operating expenses were paid in cash as incurred. What is the amount of cash paid for operating expenses? Multiple Choice Ο $5,000,000. Ο $5,040,000. 55,000 Ο $4,960,000. Ο $5,080,000.
Bonita Industries reports operating expenses of $85,000, excluding depreciation expense of $14,000 for 2022. During the year, prepaid expenses decreased $6,700 and accrued expenses payable increased $3,900. Compute the cash payments for operating expenses in 2022. The cash payments for operating expenses in 2022
thank you
Laser World reports net income of $560,000. Depreciation expense is $41,000, accounts receivable increases $11,000, and accounts payable decreases $21,000. Calculate net cash flows from operating activities using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) LASER WORLD Statement of Cash Flows (Partial) Cash flows from operating activities 1 $ 560,000 Adjustments to reconcile net income to net cash flows from operating activities: Depreciation expense Increase in accounts receivable Decrease in accounts...
Answer choices given on the left side: (Indirect Method)
Decrease in accounts payable
Decrease in accounts receivable
Decrease in income tax payable
Decrease in inventory
Decrease in prepaid rent
Decrease in salaries payable
Depreciation expense
Increase in accounts payable
Increase in accounts receivable
Increase in income tax payable
Increase in inventory
Increase in prepaid rent
Increase in salaries payable
Net income
Net loss
Operating expense
Portions of the financial statements for Alliance Technologies are provided below. $405,000 ALLIANCE TECHNOLOGIES Income...
Question 1
Laser World reports net income of $460,000. Depreciation expense is $31,000, accounts receivable increases $11,000, and accounts payable decreases $11,000. Calculate net cash flows from operating activities using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) LASER WORLD Statement of Net Cash Flows (partial) Cash flows from operating activities Adjustments to reconcile net income to net cash flows from operating activities: ces Net cash flows from operating activities
Problem 11-3A Calculate operating activities-indirect method (LO11-3) Portions of the financial statements for Alliance Technologies are provided below ALLIANCE TECHNOLOGIES Income Statement For the year ended December 31, 2021 $365,000 Net sales Expenses: Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses $215,e00 66,000 16,600 25,000 322,600 $ 42,400 Net income es ALLIANCE TECHNOLOGIES Selected Balance Sheet Data December 31, 2021, compared to December 31, 2020 Decrease in accounts receivable Increase in inventory Decrease in prepaid...
Portions of the financial statements for Alliance Technologies are provided below. ALLIANCE TECHNOLOGIES Income Statement For the year ended December 31, 2021 $315,000 Net sales Expenses: Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses $190,000 61,000 16,100 22,500 289,600 $ 25,400 Net income ALLIANCE TECHNOLOGIES Selected Balance Sheet Data December 31, 2021, compared to December 31, 2020 $6,100 13,100 9,100 5,100 8,100 20,400 Decrease in accounts receivable Increase in inventory Decrease in prepaid rent Increase...
Please explain.
Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER Income Statement For the year ended December 31, 2021 Net sales $2,050,000 Expenses: Coat of goods sold $1,150,000 Operating expenses 660,000 Depreciation expense 60,000 Income tax expense 50,000 Total expenses 1,920,000 Net income $ 130,000 PEACH COMPUTER Selected Balance Sheet Data December 31 Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable 2021 $112,000 46,000 85,000 4.000 55,000 6,000 2020 $90,000 54,000 60,000...
Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) PEACH COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2018 Cash flows from operating activities: Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER...
Check my work Portions of the financial statements for Peach Computer are provided below. 16.66 points PEACH COMPUTER Income Statement For the year ended December 31, 2021 Net sales $1,600,000 Expenses : Cost of goods sold $970,000 Operating expenses 480,000 Depreciation expense 42,000 Income tax expense 32,000 Total expenses 1,524,000 Net income $ 76,000 eBook Hint Print References PEACH COMPUTER Selected Balance Sheet Data December 31 Increase (I) or Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable...
Most questions answered within 3 hours.
-
find the critical value associated with a right sided hypothesis of
the mean using a sample...
asked 1 hour ago -
Which of the following statements is true with respect to a
simple linear regression model?
a....
asked 2 hours ago -
The energy required to remove an electron from a surface of a
solid element is called...
asked 3 hours ago -
How would you train your employees to avoid risks of using
mobile devices?
asked 4 hours ago -
Assume Kw = 1.01 ✕ 10−14
For pure water, we can calculate [H3O+ ] = [OH...
asked 5 hours ago -
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 5 hours ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 6 hours ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 8 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 8 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 9 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 10 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 10 hours ago