Homework Answers
Net Income = 120 MM
Add back Depriciation = 10 MM _ _ _ _(Non Cash item added back to income)
Add :-
Decrease in accoutns receivable = 30 MM
Increase in Accounts Payable = 10
Less : -
Increase in inventory = (17)
Decreases in wages payable = (5)
Cash Flow from Operating Actiity = 148 MM
Note : - Increase in CA results in Cash outflow and vice versa. Also increase in CL results in cash inflow and vice-versa.
NOTE: The answer to your question has been given below/above. If there is any query regarding the answer, please ask in the comment section. If you find the answer helpful, do upvote. Help us help you.
Add Answer to:
Excel Technology is considering seller-finance for an existing customer with the following information. The net income...
I got 148. Excel Technology is considering seller-finance for an existing customer with the following information....
I got 148.
Excel Technology is considering seller-finance for an existing customer with the following information. The net income is $120MM. The depreciation cost is $10MM. What is the subject firm's cash flow from operations (CFO)? Show your calculations $30 MM Decrease in accounts receivable Issuance of new stocks Proceeds from the sale of fixed assets Increase in inventory Increase in accounts payable Dividends paid out Decrease in wages payable
Preparing a Statement of Cash Flows Erie Company reported the following comparative balance sheets: 2019 2018...
Preparing a Statement of Cash Flows Erie Company reported the following comparative balance sheets: 2019 2018 Assets: Cash $33,200 $12,750 Accounts receivable 53,000 44,800 Inventory 29,500 27,500 Prepaid rent 2,200 6,200 Investments (long-term) 17,600 31,800 Property, plant, and equipment 162,000 149,450 Accumulated depreciation (61,600) (56,200) Total assets $235,900 $216,300 Liabilities and Equity: Accounts payable $16,900 $19,500 Interest payable 3,500 4,800 Wages payable 9,600 7,100 Income taxes payable 5,500 3,600 Notes payable 30,400 53,000 Common stock 100,000 68,500 Retained earnings 70,000...
Required: 1. Calculate the net cash flow from Operating, Investing & Financing activities using the Indirect...
Required: 1. Calculate the net cash flow from Operating, Investing & Financing activities using the Indirect Method 2. Calculate the cash flow increase or decrease using the Indirect Method Bar Co. had the following transactions during the current financial reporting period. Decrease in inventories $13,000 Increase in accounts payable $34,000 Decrease in income taxes payable $36,700 Decrease in wages payable $18,000 Proceeds on Sale of Equipment $80,000 Repayment of bonds $50,000 Net Income $86,000 Depreciation $20,000 Decrease in accounts receivable...
The information below is taken from the accounts of Gabbi Corporation for the year ended December...
The information below is taken from the accounts of Gabbi Corporation for the year ended December 31, 2019. Each account has a normal balance. _____________________________________________________________________________________________________________________________ Net income $ 314,000 Proceeds from issuance of common stock 103,000 Decrease in inventory 27,000 Proceeds from sale of building at a $15,000 gain 85,000 Decrease in accounts payable 15,000 Purchase of equipment 185,000 Payment of cash dividends 24,000 Depreciation expense 67,000 Decrease in accounts receivable 23,000 Redemption of bonds payable 75,000 Increase in short-term...
Net income 8,000 The following information pertains to Carolina Company: $ 65,000 Increase in accounts payable...
Net income 8,000 The following information pertains to Carolina Company: $ 65,000 Increase in accounts payable .... $ Depreciation expense 8,000 Acquisition of equipment Payment of dividends. 4,000 with cash.... Increase in accounts receivable 6,000 Sale of treasury stock.. Collection of long-term notes receivable 6,000 Payment of long-term debt.... Loss on sale of land. 15,000 Proceeds from sale of land. Decrease in inventories Under the indirect method, net cash provided by operating activities would be 22,000 1,000 16,000 38,000 1,000...
Statement of Cash Flows (Indirect Method) Use the following information regarding the Newcastle Corporation to prepare...
Statement of Cash Flows (Indirect Method) Use the following information regarding the Newcastle Corporation to prepare a statement of cash flows using the indirect method: Accounts payable decrease $7,000 Accounts receivable increase 9,800 Wages payable decrease 4,200 Amortization expense 22.400 Cash balance, January 1 42,000 Cash balance, December 31 9,800 Cash paid as dividends 8,400 Cash paid to purchase land 140,000 Cash paid to retire bonds payable at par 105,000 Cash received from issuance of common stock 63,000 Cash received...
Statement of Cash Flows The following is a list of the items to be included in the preparation of Warrick Company’s 2016 statement of cash flows: Net income, $41,600 Payment for purchase of building,...
Statement of Cash Flows The following is a list of the items to be included in the preparation of Warrick Company’s 2016 statement of cash flows: Net income, $41,600 Payment for purchase of building, $90,000 Increase in accounts receivable, $7,200 Proceeds from issuance of common stock, $37,000 Increase in accounts payable, $5,000 Proceeds from sale of land, $8,400 Depreciation expense, $20,000 Payment of dividends, $38,000 Gain on sale of land, $3,000 Decrease in inventory, $3,300 Payment for purchase of long-term...
Statement of Cash Flows (Indirect Method) Use the following information regarding the Newcastle Corporation to prepare...
Statement of Cash Flows (Indirect Method)
Use the following information regarding the Newcastle Corporation
to prepare a statement of cash flows using the indirect method:
Remember to use negative signs with answers when
appropriate.
Accounts payable decrease Accounts receivable increase Wages payable decrease Amortization expense Cash balance, January 1 Cash balance, December 31 Cash paid as dividends Cash paid to purchase land Cash paid to retire bonds payable at par Cash received from issuance of common stock Cash received from...
Question 8 Use the following alphabetical list of information to prepare a well-organized cash flow statement...
Question 8 Use the following alphabetical list of information to prepare a well-organized cash flow statement for Winkler Ltd. for the year ended July 31, 2016. The bookkeeper who prepared the information wasn't sure about exactly what information to provide to you so there may be information that shouldn't be included in the cash flow statement. $ 560,000 450.500 64,500 Accounts receivable Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of...
Statement of Cash Flows The following is a list of the items to be included in...
Statement of Cash Flows The following is a list of the items to be included in the preparation of Warrick Company's 2019 statement of cash flows: Net income, $28,600 Payment for purchase of building, $90,000 Increase in accounts receivable, $7,200 Proceeds from issuance of common stock, $42,600 Increase in accounts payable, $4,100 Proceeds from sale of land, $8,600 Depreciation expense, $18,000 Payment of dividends, $30,000 Gain on sale of land, $3,600 Decrease in inventory, $3,200 Payment for purchase of long-term...
I got 148.
Excel Technology is considering seller-finance for an existing customer with the following information. The net income is $120MM. The depreciation cost is $10MM. What is the subject firm's cash flow from operations (CFO)? Show your calculations $30 MM Decrease in accounts receivable Issuance of new stocks Proceeds from the sale of fixed assets Increase in inventory Increase in accounts payable Dividends paid out Decrease in wages payable
Net income 8,000 The following information pertains to Carolina Company: $ 65,000 Increase in accounts payable .... $ Depreciation expense 8,000 Acquisition of equipment Payment of dividends. 4,000 with cash.... Increase in accounts receivable 6,000 Sale of treasury stock.. Collection of long-term notes receivable 6,000 Payment of long-term debt.... Loss on sale of land. 15,000 Proceeds from sale of land. Decrease in inventories Under the indirect method, net cash provided by operating activities would be 22,000 1,000 16,000 38,000 1,000...
Statement of Cash Flows (Indirect Method) Use the following information regarding the Newcastle Corporation to prepare a statement of cash flows using the indirect method: Accounts payable decrease $7,000 Accounts receivable increase 9,800 Wages payable decrease 4,200 Amortization expense 22.400 Cash balance, January 1 42,000 Cash balance, December 31 9,800 Cash paid as dividends 8,400 Cash paid to purchase land 140,000 Cash paid to retire bonds payable at par 105,000 Cash received from issuance of common stock 63,000 Cash received...
Statement of Cash Flows (Indirect Method)
Use the following information regarding the Newcastle Corporation
to prepare a statement of cash flows using the indirect method:
Remember to use negative signs with answers when
appropriate.
Accounts payable decrease Accounts receivable increase Wages payable decrease Amortization expense Cash balance, January 1 Cash balance, December 31 Cash paid as dividends Cash paid to purchase land Cash paid to retire bonds payable at par Cash received from issuance of common stock Cash received from...
Question 8 Use the following alphabetical list of information to prepare a well-organized cash flow statement for Winkler Ltd. for the year ended July 31, 2016. The bookkeeper who prepared the information wasn't sure about exactly what information to provide to you so there may be information that shouldn't be included in the cash flow statement. $ 560,000 450.500 64,500 Accounts receivable Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of...
Most questions answered within 3 hours.
-
(1) Write the net ionic equation for the reaction that occurs
when equal volumes of 0.191...
asked 31 minutes ago -
On the night of April 18, 1775, a signal was to be sent from the
Old...
asked 14 minutes ago -
among the three different ways to link CSS specifications to an
HTML document (inline CSS, document...
asked 4 minutes ago -
For each of the following strong base solutions, determine
[OH−],[H3O+], pH, and pOH 4.8 x 10^-4...
asked 10 minutes ago -
The magnitude of the electric field inside a capacitor is 6.6 x
106 N/C. What is...
asked 9 minutes ago -
Organizations may have only a few products or many products in a
product line. Consider Campbell...
asked 23 minutes ago -
could you please help me to explain the nmr splitting
integration and chemical shift and assignment...
asked 19 minutes ago -
A
29.0 cm diameter coil consists of 23 turns of cylindrical copper
wire 2.00 mm in...
asked 25 minutes ago -
Q1
Two of your friends each received the results of their
first midterm exam this term....
asked 42 minutes ago -
A 0.500-kg object, suspended from an ideal spring of spring
constant 30.2 N/m, is oscillating vertically....
asked 40 minutes ago -
Please help and show work. I keep getting the wrong answers for
these problems
1. Cell...
asked 37 minutes ago -
If there is a SNP in the read with respect to the
reference genome, how would a...
asked 40 minutes ago