Homework Answers
| Cash flow from operating activities | ||
| Receipts | ||
| Cash sales | 50000 | |
| Collection of accounts receivable | 80000 | |
| Total cash receipts | 130000 | |
| Payments | ||
| Payment of salaries and wages | 38000 | |
| Payment of income tax | 18000 | |
| Payment of interest | 12000 | |
| Payment of accounts payable | 50000 | |
| Total cash payment | (118000) | |
| Net cash provided by (used by )operating activities | 12000 |
The operating cash flow is positive .This is shown by net cash provided by operating activity.
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the
accounting records of johnson pharmaceuticals, inc reveal the
following
The accounting records of Johnson Pharmaceuticals,...
The accounting records of Princeton Pharmaceuticals, Inc., reveal the following: E (Click the icon to view...
The accounting records of Princeton Pharmaceuticals, Inc., reveal the following: E (Click the icon to view the accounting records.) Requirement Compute cash flows from operating activities by the direct method. Also evaluate Princeton's operating cash flow. Give the reason for your evaluation. Start by completing the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted, for payments, and for a net decrease in cash.) Cash flows from operating activities: Receipts: Collection of dividend...
The accounting records of Best Pharmaceuticals, Inc., reveal the following Click the icon to view the...
The accounting records of Best Pharmaceuticals, Inc., reveal the following Click the icon to view the accounting records.) Requirement Compule cash fows from operating activities by the directeethod. Also evaluate Bests operating cash flow. Give the reason for your evaluation Start by completing the cash flows from operating activos (Use parentheses or a minus sign for numbers to be subtracted, for payments, and for a nel decrease in cash) Cash flows from operating activities: Receipts 0 Accounting records Total cash...
The 2020 accounting records of Blocker Transport reveal these transactions and events. Payment of interest Cash...
The 2020 accounting records of Blocker Transport reveal these transactions and events. Payment of interest Cash sales Receipt of dividend revenue Payment of income taxes Net income Payment of accounts payable for merchandise Payment for land $10,100 49,100 17,700 15,300 38,800 Collection of accounts receivable Payment of salaries and wages Depreciation expense Proceeds from sale of vehicles Purchase of equipment for cash Loss on sale of vehicles Payment of dividends Payment of operating expenses $190,800 57,800 16,600 12,700 21,200 3,800...
Exercise 17-13 The 2020 accounting records of Blocker Transport reveal these transactions and events. Payment of...
Exercise 17-13 The 2020 accounting records of Blocker Transport reveal these transactions and events. Payment of interest $10,400 Collection of accounts receivable $190,800 Cash sales 50,900 Payment of salaries and wages 56,500 Receipt of dividend revenue 18,900 Depreciation expense 15,800 Payment of income taxes 16,200 Proceeds from sale of vehicles 11,600 Net income 38,300 Purchase of equipment for cash 22,000 Payment of accounts payable Loss on sale of vehicles 3,500 for merchandise 115,900 Payment of dividends 13,100 Payment for land...
The records of Muted Color Engraving reveal the following: (Click the icon to view the records.)...
The records of Muted Color Engraving reveal the following: (Click the icon to view the records.) Compute cash flows from operating activities by the Indirect method for year ended December 31, 2018. (Use a minus sign or parentheses for amounts that result in a decrease in cash and to show net cash used for operating activities. If a box is not used in the table, leave the box emply do not select a label or enter a zero.) i Data...
Net income of Mansfield Company was $41,000. The accounting records reveal depreciation expense of $76,000 as...
Net income of Mansfield Company was $41,000. The accounting records reveal depreciation expense of $76,000 as well as increases in prepaid rent, salaries payable, and income taxes payable of $56,000, $19,000, and $16,000, respectively. Prepare the cash flows from operating activities section of Mansfield's statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities: Adjustments for noncash effects: Changes in operating assets and liabilities: Net cash...
all of 17.13 please *E17.13 (LO 4), Financial Statement The 2020 accounting records of Blocker Transport...
all
of 17.13 please
*E17.13 (LO 4), Financial Statement The 2020 accounting records of Blocker Transport reveal these transactions and events. Compute cash flow from operating activities - direct method. Payment of interest $182,000 10,000 48,000 Cash sales 53,000 Receipt of dividend revenue Payment of income taxes 18,000 12,000 Collection of accounts receivable Payment of salaries and wages Depreciation expense Proceeds from sale of vehicles Purchase of equipment for cash Loss on sale of vehicles 16,000 12,000 Net income 38,000...
The records of Contemporary Color Engraving reveal the following Net income Sales revenue Loss on sale...
The records of Contemporary Color Engraving reveal the following Net income Sales revenue Loss on sale of land Acquisition of land Compute cash flows from operating activities by the indirect method for year ended December 31, 2016. (Use parentheses or a mi $ 7,000 21,000 6,000 S 32,000 Depreciation expense 52,000 Decrease in current liabilities 4,000 Increase in current assets other than cash 35,000 activities If a box is not used in the table, leave the box empty, do not...
After its first month of operations, the following amounts were taken from the accounting records of...
After its first month of operations, the following amounts were taken from the accounting records of Big Mountain Realty Inc. as of June 30, 20Y9. Cash $ 43,000 Notes payable $50,000 Common stock 75,000 Rent expense 8,000 Dividends 2,000 Retained earnings 0 Interest expense 300 Salaries expense 50,000 Land 100,000 Sales commissions 90,000 Miscellaneous expense 1,700 Utilities expense 10,000 Prepare a statement of cash flows for the month ending June 30, 20Y9. Use the minus sign to indicate cash out...
Payment of salaries and wages $36,000 Net income $24,000 Depreciation expense 15,000 Payment of income tax...
Payment of salaries and wages $36,000 Net income $24,000 Depreciation expense 15,000 Payment of income tax 10,000 Payment of interest 14,000 Collection of dividend revenue 5,500 Payment of dividends 5,500 Payment to suppliers 58,000 Collections from customers 115,000 The accounting records of Best Parts reveal the following: Compute cash flows from operating activities using the direct method for the year ended December 31, 2018 (Use a minus sign or parentheses for amounts that result in a decrease in cash. If...
The accounting records of Princeton Pharmaceuticals, Inc., reveal the following: E (Click the icon to view the accounting records.) Requirement Compute cash flows from operating activities by the direct method. Also evaluate Princeton's operating cash flow. Give the reason for your evaluation. Start by completing the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted, for payments, and for a net decrease in cash.) Cash flows from operating activities: Receipts: Collection of dividend...
The accounting records of Best Pharmaceuticals, Inc., reveal the following Click the icon to view the accounting records.) Requirement Compule cash fows from operating activities by the directeethod. Also evaluate Bests operating cash flow. Give the reason for your evaluation Start by completing the cash flows from operating activos (Use parentheses or a minus sign for numbers to be subtracted, for payments, and for a nel decrease in cash) Cash flows from operating activities: Receipts 0 Accounting records Total cash...
The 2020 accounting records of Blocker Transport reveal these transactions and events. Payment of interest Cash sales Receipt of dividend revenue Payment of income taxes Net income Payment of accounts payable for merchandise Payment for land $10,100 49,100 17,700 15,300 38,800 Collection of accounts receivable Payment of salaries and wages Depreciation expense Proceeds from sale of vehicles Purchase of equipment for cash Loss on sale of vehicles Payment of dividends Payment of operating expenses $190,800 57,800 16,600 12,700 21,200 3,800...
The records of Muted Color Engraving reveal the following: (Click the icon to view the records.) Compute cash flows from operating activities by the Indirect method for year ended December 31, 2018. (Use a minus sign or parentheses for amounts that result in a decrease in cash and to show net cash used for operating activities. If a box is not used in the table, leave the box emply do not select a label or enter a zero.) i Data...
Net income of Mansfield Company was $41,000. The accounting records reveal depreciation expense of $76,000 as well as increases in prepaid rent, salaries payable, and income taxes payable of $56,000, $19,000, and $16,000, respectively. Prepare the cash flows from operating activities section of Mansfield's statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities: Adjustments for noncash effects: Changes in operating assets and liabilities: Net cash...
all
of 17.13 please
*E17.13 (LO 4), Financial Statement The 2020 accounting records of Blocker Transport reveal these transactions and events. Compute cash flow from operating activities - direct method. Payment of interest $182,000 10,000 48,000 Cash sales 53,000 Receipt of dividend revenue Payment of income taxes 18,000 12,000 Collection of accounts receivable Payment of salaries and wages Depreciation expense Proceeds from sale of vehicles Purchase of equipment for cash Loss on sale of vehicles 16,000 12,000 Net income 38,000...
The records of Contemporary Color Engraving reveal the following Net income Sales revenue Loss on sale of land Acquisition of land Compute cash flows from operating activities by the indirect method for year ended December 31, 2016. (Use parentheses or a mi $ 7,000 21,000 6,000 S 32,000 Depreciation expense 52,000 Decrease in current liabilities 4,000 Increase in current assets other than cash 35,000 activities If a box is not used in the table, leave the box empty, do not...
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