what are the formulas.? everything in red is incorrect
Homework Answers
| Statement of Cash flows: | ||
| Cash flows from operating activities: | ||
| Amount | ||
| Net Income | 649 | |
| Add: Depreciation | 258 | |
| Change in Current Assets & liabilities: | ||
| add:decrease in AR | 9 | |
| less:increase in Inv. | -150 | |
| less:decrease in AP | -13 | |
| Net cash inflow from Operating Activities: | 753 | |
| Cash flows from investing activities: | ||
| less: Purchase of PPE | -596 | (7850+258-7512) |
| Net Cash outflow from investing activities | -596 | |
| Cash flows from Financing Activities: | ||
| add:increase in LTNP | 49 | |
| add:increase in LTD | 75 | |
| add:increase in CS | 25 | |
| less:Dividend paid | -316 | |
| Net Cash inflow from financing activities | -167 | |
| Net cash outflow of all activities | -10 | (753-596-167) |
| Beginning Cash Balance | 258 | |
| Ending Cash balance | 248 |
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what are the formulas.? everything in red is
incorrect
Basic Slalele After calculating the changes in...
E F G Basic Statement of Cash Flows Exercise After calculating the changes in balance sheet...
E F G Basic Statement of Cash Flows Exercise After calculating the changes in balance sheet accounts, complete the SCF to the right Follow the example in the text: order of items in each category counts Balance Sheets Statement of Cash Flows Change Cash Flows from Operating Activities 9 Cash 10 Accounts Receivable 11 Inventory 12 Net PP&E 13 Total Assets 2019 248 492 1,255 7,850 9,845 2018 258 501 1,105 7.512 9,376 Net Cash Flows from Operating Activities 14...
what is the formula for change in long term liabilities? Follow the example in the text:...
what is the formula for change in long term
liabilities?
Follow the example in the text: order of items in each category counts ance Sheets Statement of Cash Flows Cash Accounts Receivable Inventory Net PP&E Total Assets 2019 248 492 1,255 7,850 9,845 2018 258 501 1.105 7,512 Change (10) 91 - 150 Cash Flows from Operating Activities Operating Cash Flows Change in Current Assets Change in Current Liabilities Net Cash Flows from Operating Activities 1.151 11411 1131 997 Se...
how do i get the formulas for the red boxes? Everything in green is right. I...
how do i get the formulas for the red boxes?
Everything in green is right.
I need to know how to calculate the capital spending
and net cash flows from investing activities. it's under the part
Cash flows from investing activities. Thank you.
face Intet 0 Page Layout F ul Dott Hai Vi d eo Help Come so Tell me what you want to Copy Complete the income Statement, Halance Sheet & Statement of Retard Farrings After calculating the changes...
need formulas for red areas. Copy Format Painter > 5. Statement of Cash Floors Cash Accounts...
need formulas for red areas.
Copy Format Painter > 5. Statement of Cash Floors Cash Accounts Receivable Inventory Other Current Assets Total Current Assets Cash Flows.fromOperating Activities perating cash flows Chaner in current Assets Chane t t abilities Show t e sting Activities 6250 Property Plant quipment Accumulated Depreciation Net Property Plant quipment Flows from Investing Activities 4094 from Financin Ads Long-Term investments Total Assets Change in lonelerin lilibilities Change in common stock Net Cash Flows from Financing Activities (620...
The following changes in account balances were taken from Walson Company's adjusted trial balance at the...
The following changes in account balances were taken from Walson Company's adjusted trial balance at the end of 2019: Net Changes for 2019 Debit Credit Cash $2,100 Accounts Receivable 8,700 Inventory $2,500 Land 1,900 Buildings and Equipment 10,400 Accumulated Depreciation 6,800 Accounts Payable 4,500 Salaries Payable 800 Income Taxes Payable 1,000 Common Stock, no par 9,000 Retained Earnings 4,000 Sales 69,000 Cost of Goods Sold 34,000 Salaries Expense 17,200 Depreciation Expense 6,800 Income Tax Expense 3,300 Totals $91,000 $91,000 In...
1.A contingent liability that is probable and can be reasonably estimated will immediately result in: Multiple...
1.A contingent liability that is probable and can be reasonably estimated will immediately result in: Multiple Choice an increase in both liabilities and stockholders’ equity. an increase in liabilities and a decrease in net income. an increase in liabilities without any need for financial statement disclosure. an increase in liabilities and a decrease in assets. 2.Which of the following statements is not true regarding the cash flow statement? Multiple Choice The cash flow statement provides information about changes in all...
Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her...
Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the following financial data. BUSINESS SOLUTIONS Income Statement For Three Months Ended March 31, 2020 Computer services revenue $ 24,907 Net sales 18,293 Total revenue 43,200 Cost of goods sold $ 14,652 Depreciation expense—Office equipment 370 Depreciation expense—Computer equipment 1,160 Wages expense 3,150 Insurance expense 465 Rent expense 2,275 Computer supplies expense 1,245 Advertising expense 590 Mileage expense 300 Repairs expense—Computer...
The following three accounts appear in the general ledger of Herrick Corp. during 2020. Equipment Date...
The following three accounts appear in the general ledger of
Herrick Corp. during 2020.
Equipment
Date
Debit
Credit
Balance
Jan. 1
Balance
159,600
July 31
Purchase of equipment
71,200
230,800
Sept. 2
Cost of equipment constructed
52,500
283,300
Nov. 10
Cost of equipment sold
48,300
235,000
Accumulated Depreciation—Equipment
Date
Debit
Credit
Balance
Jan. 1
Balance
70,500
Nov. 10
Accumulated depreciation on equipment sold
30,200
40,300
Dec. 31
Depreciation for year
23,800
64,100
Retained Earnings
Date
Debit
Credit
Balance
Jan. 1...
Here are comparative balance sheets for Velo Company. Velo Company Comparative Balance Sheets December 31 Assets...
Here are comparative balance sheets for Velo Company.
Velo Company
Comparative Balance Sheets
December 31
Assets
2020
2019
Cash
$72,800
$33,200
Accounts receivable
86,500
70,700
Inventory
170,200
187,000
Land
72,700
100,700
Equipment
260,700
200,600
Accumulated depreciation—equipment
(65,700
)
(33,500
)
Total
$597,200
$558,700
Liabilities and Stockholders’ Equity
Accounts payable
$35,400
$46,500
Bonds payable
149,800
203,300
Common stock ($1 par)
218,000
173,000
Retained earnings
194,000
135,900
Total
$597,200
$558,700
Additional information:
1.
Net income for 2020 was $103,600.
2.
Cash dividends...
xercise 17-05 (Video) The current sections of Scoggin Inc.’s balance sheets at December 31, 2019 and...
xercise 17-05 (Video) The current sections of Scoggin Inc.’s balance sheets at December 31, 2019 and 2020, are presented here. Scoggin’s net income for 2020 was $152,700. Depreciation expense was $24,300. 2020 2019 Current assets Cash $107,100 $95,300 Accounts receivable 109,200 78,300 Inventory 157,800 171,100 Prepaid expenses 26,100 25,300 Total current assets $400,200 $370,000 Current liabilities Accrued expenses payable $15,300 $9,900 Accounts payable 84,700 95,300 Total current liabilities $100,000 $105,200 Prepare the net cash provided by operating activities section of...
E F G Basic Statement of Cash Flows Exercise After calculating the changes in balance sheet accounts, complete the SCF to the right Follow the example in the text: order of items in each category counts Balance Sheets Statement of Cash Flows Change Cash Flows from Operating Activities 9 Cash 10 Accounts Receivable 11 Inventory 12 Net PP&E 13 Total Assets 2019 248 492 1,255 7,850 9,845 2018 258 501 1,105 7.512 9,376 Net Cash Flows from Operating Activities 14...
what is the formula for change in long term
liabilities?
Follow the example in the text: order of items in each category counts ance Sheets Statement of Cash Flows Cash Accounts Receivable Inventory Net PP&E Total Assets 2019 248 492 1,255 7,850 9,845 2018 258 501 1.105 7,512 Change (10) 91 - 150 Cash Flows from Operating Activities Operating Cash Flows Change in Current Assets Change in Current Liabilities Net Cash Flows from Operating Activities 1.151 11411 1131 997 Se...
how do i get the formulas for the red boxes?
Everything in green is right.
I need to know how to calculate the capital spending
and net cash flows from investing activities. it's under the part
Cash flows from investing activities. Thank you.
face Intet 0 Page Layout F ul Dott Hai Vi d eo Help Come so Tell me what you want to Copy Complete the income Statement, Halance Sheet & Statement of Retard Farrings After calculating the changes...
need formulas for red areas.
Copy Format Painter > 5. Statement of Cash Floors Cash Accounts Receivable Inventory Other Current Assets Total Current Assets Cash Flows.fromOperating Activities perating cash flows Chaner in current Assets Chane t t abilities Show t e sting Activities 6250 Property Plant quipment Accumulated Depreciation Net Property Plant quipment Flows from Investing Activities 4094 from Financin Ads Long-Term investments Total Assets Change in lonelerin lilibilities Change in common stock Net Cash Flows from Financing Activities (620...
The following three accounts appear in the general ledger of
Herrick Corp. during 2020.
Equipment
Date
Debit
Credit
Balance
Jan. 1
Balance
159,600
July 31
Purchase of equipment
71,200
230,800
Sept. 2
Cost of equipment constructed
52,500
283,300
Nov. 10
Cost of equipment sold
48,300
235,000
Accumulated Depreciation—Equipment
Date
Debit
Credit
Balance
Jan. 1
Balance
70,500
Nov. 10
Accumulated depreciation on equipment sold
30,200
40,300
Dec. 31
Depreciation for year
23,800
64,100
Retained Earnings
Date
Debit
Credit
Balance
Jan. 1...
Here are comparative balance sheets for Velo Company.
Velo Company
Comparative Balance Sheets
December 31
Assets
2020
2019
Cash
$72,800
$33,200
Accounts receivable
86,500
70,700
Inventory
170,200
187,000
Land
72,700
100,700
Equipment
260,700
200,600
Accumulated depreciation—equipment
(65,700
)
(33,500
)
Total
$597,200
$558,700
Liabilities and Stockholders’ Equity
Accounts payable
$35,400
$46,500
Bonds payable
149,800
203,300
Common stock ($1 par)
218,000
173,000
Retained earnings
194,000
135,900
Total
$597,200
$558,700
Additional information:
1.
Net income for 2020 was $103,600.
2.
Cash dividends...
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