You are given the following information for Shinoda Corp.:
Decrease in inventory $ 564
Decrease in accounts payable 248
Increase in notes payable 295
Increase in accounts receivable 277
How much is the change in cash? (round to 2 decimal places)
Change in cash = Decrease in inventory - decrease in accounts payable + increase in notes payable - increase in accounts receivable
Change in cash = 564 - 248 + 295 - 277
Change in cash = $334
You are given the following information for Shinoda Corp.: Decrease in inventory $ 564 Decrease in...
You are given the following information for Thrice Corp Decrease in inventory Decrease in accounts payable Increase in notes payable Increase in accounts receivable $620 260 245 275 Did cash go up or down? By how much? Cash by Classify each event as a source or use of cash A decrease in inventory isa A decrease in accounts payable is a An increase in notes payable is a A accounts receivable is a increase in
You are given the following information for Thrice Corp.: Decrease in inventory Decrease in accounts payable Increase in notes payable Increase in accounts receivable $590 245 230 260 Did cash go up or down? By how much? Cash Classify each event as a source or use of cash. A decrease in inventory is a A decrease in accounts payable is a An increase in notes payable is a An increase in accounts receivable is a HO
You are given the following information for Thrice Corp: Decrease in inventory Decrease in accounts payable Increase in notes payable Increase in accounts receivable $ 480 190 175 205 Did cash go up or down? By how much? Cash by Classify each event as a source or use of cash. Classify each event as a source or use of cash. A decrease in inventory is a A decrease in accounts payable is a An increase in notes payable isa An...
You are given the following information for Thrice Corp.: Decrease in inventory $ 450 Decrease in accounts payable 175 Increase in notes payable 160 Increase in accounts receivable 190 Did cash go up or down? By how much? Classify each event as a source or use of cash.
Sources and Uses of Cash [LO1] Based only on the following information for Thrice Corp., did cash go up or down? By how much? Classify each event as a source or use of cash. Decrease in Inventory $375 Decrease in accounts payable 220 Increase in Notes Payable 290 Increase in accounts receivable 270
11. You have the following balance sheet and income statement information for Epic Corp.: Balance sheet $ Accounts receivable (A/R) 1,800 Inventory 3,600 Accounts payable (A/P) 760 Income statement $ Sales 7,200 Cost of goods sold (COGS) 5,760 All sales and purchases were on credit. a. How long is the days inventory outstanding (in days)? b. How long is the collection period (in days)? c. How long is the payables period (in days)? d. How long is the cash conversion...
Prepare a 2017 balance sheet for Jarrow Corp. based on the following information: cash = $146,000; patents and copyrights = $630,000; accounts payable = $222,500; accounts receivable = $165,000; tangible net fixed assets = $1,665,000; inventory = $302,500; notes payable = $135,000; accumulated retained earnings = $1,240,000; long-term debt = $864,000. (Do not round intermediate calculations. Be sure to list the accounts in order of their liquidity.) Prepare a 2017 balance sheet for Jarrow Corp. based on the following...
The following information is available for Bernard Corporation for 2019: Net income $223,000 Decrease in accounts receivable 8,100 Increase in inventory 18,300 Decrease in prepaid rent 2,100 Increase in salaries payable 4,410 Decrease in income taxes payable 4,270 Increase in notes payable (due 2023) 50,000 Depreciation expense 44,700 Loss on disposal of equipment 11,000 Required: Compute the net cash flows from operating activities using the indirect method.
You are preparing a 2015 balance sheet for Cornell Corp. based on the following information: cash = $146298; patents and copyrights = $632924; accounts payable = $214385; accounts receivable = $140671; tangible net fixed assets = $1.8 million; inventory = $285223; notes payable = $149021; accumulated retained earnings = $1.6 million; long-term debt = $831559. What is the amount of Common Stock on this balance sheet?
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash $129,000; Patents and copyrights $630,000; Accounts payable $211,000; Accounts receivable $125,000; Tangible net fixed assets $1,625,000; Inventory $294,000; Notes payable $170,000; Accumulated retained earnings- $1,274,000; Long-term debt -$847,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.) ROGERS CORP Balance Sheet Assets Liabilities and Equity Cash Accounts receivable Inventory 129,000 125,000 294,000 Accounts payable Notes payable Crrent labilites Current...