Homework Answers
| BUSINESS SOLUTIONS | ||||
| Staement of Cash Flow ( Indirect) | ||||
| For Quarter Ended March 31.2018 | ||||
| Cash Flow from Operating Activities | ||||
| Net Income | $ 18,523.00 | |||
| Adjustments to reconcile net cash provided by operating activities | ||||
| Add- Depreciation | ||||
| 1 | On Office Equipment | $ 390.00 | ||
| 2 | On Computer Equipment | $ 1,230.00 | $ 1,620.00 | |
| Operating profit before Working capital Changes | $ 20,143.00 | ….A | ||
| Increase or decrease in current Assets | ||||
| Increase in Account Receivable | $ -18,599.00 | |||
| Increase in Account Inventory | $ -614.00 | |||
| Increase in Computer Supplies | $ -1,475.00 | |||
| Decrease in prepaid insurance | $ 555.00 | $ -20,133.00 | …..B | |
| Increase or decrease in current Liabilities | ||||
| Decrease in accounts payable | $ -1,160.00 | |||
| Decrease in unearned revenue | $ -1,800.00 | |||
| Increase in wages payable | $ 315.00 | $ -2,645.00 | ……C | |
| Net Cash flow from operating Activities | $ -2,635.00 | D = A+B+C | ||
| Cash Flow from Invesing Activities | $ - | E | ||
| Cash Flow from Finnacing Activities | ||||
| Dividend Paid | $ -4,200.00 | |||
| Additional stock issued | $ 35,000.00 | |||
| Net Cash flow from Finnacing Activities | $ 30,800.00 | ……F | ||
| Net increase or decrease in cash or cash equivalents in the quarter | 28,165.00 | D+E+F | ||
| Cash and Cash Equivalent at beginning of the quarter | 55,472.00 | |||
| Cash and Cash Equivalent at end of the quarter | 83,637.00 |
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Dec. 31, 2017 $55,472 5,368 BUSINESS SOLUTIONS Comparative Balance Sheets December 31, 2017, and March 31,...
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 20 posts $24,507 18,293 42,800 BUSINESS SOLUTIONS Income Statement For Three Months Ended March 31, 2018 Computer services revenue Net sales Total revenue Cost of goods sold $14,552 Depreciation expense-office equipaent 360 Depreciation expense-Computer equipment 1,200 Wages expense 2.950 Insurance expense 485 Rent 2.075 Computer supplies expense 1,285 Advertising expense 570 Mileage expense 270 Repairs expense-Computer 900 Total...
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, 2018 Computer services revenue $ 24,907 Net sales 18,593 Total revenue 43,500 Cost of goods sold $ 14,352 Depreciation expense—Office equipment 390 Depreciation expense—Computer equipment 1,190 Wages expense 2,650 Insurance expense 515 Rent expense 1,675 Computer supplies expense 1,285 Advertising expense 550 Mileage expense 240 Repairs expense—Computer...
$ 25,207 18,593 43,800 BUSINESS SOLUTIONS Income Statement For Three Months Ended March 31, 2020 Computer...
$ 25,207 18,593 43,800 BUSINESS SOLUTIONS Income Statement For Three Months Ended March 31, 2020 Computer services revenue Net sales Total revenue Cost of goods sold Depreciation expense-Office equipment Depreciation expense-Computer equipment Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Repairs expense-Computer Total expenses Net income $14,852 370 1,150 3,050 465 2,275 1,235 560 300 880 25,137 $ 18,663 Dec. 31, 2019 $58,812 4,968 BUSINESS SOLUTIONS Comparative Balance Sheets December 31, 2019, and March 31,...
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, 2018 Computer services revenue $ 24,407 Net sales 18,293 Total revenue 42,700 Cost of goods sold $ 14,952 Depreciation expense—Office equipment 350 Depreciation expense—Computer equipment 1,250 Wages expense 2,250 Insurance expense 505 Rent expense 2,375 Computer supplies expense 1,245 Advertising expense 550 Mileage expense 240 Repairs expense—Computer...
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, 2018 Computer services revenue $ 24,707 Net sales 18,093 Total revenue 42,800 Cost of goods sold $ 14,952 Depreciation expense—Office equipment 340 Depreciation expense—Computer equipment 1,250 Wages expense 2,350 Insurance expense 535 Rent expense 1,675 Computer supplies expense 1,295 Advertising expense 510 Mileage expense 310 Repairs expense—Computer 920...
Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the...
Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the following financial data. $24,707 18,093 42,800 BUSINESS SOLUTIONS Income Statement For Three Months Ended March 31, 2020 Computer services revenue Net sales Total revenue Cost of goods sold $14,352 Depreciation expense-Office equipment 350 Depreciation expense-Computer equipment 1,160 Wages expense 3,050 Insurance expense 475 Rent expense 1,975 Computer supplies expense 1,255 Advertising expense 500 Mileage expense Repairs expense-Computer Total expenses Net income...
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 $ 24,907 18,693 43.600 $14,352 BUSINESS SOLUTIONS Income Statement For Three Months Ended March 31, 2020 Computer services revenue Net sales Total revenue Cost of goods sold Depreciation expense-office equipment Depreciation expense-Computer equipment Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Repairs expense Computer Total expenses Net Income 1,210 2.450 455 1,275 1,245...
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. $24,607 17,793 42,400 BUSINESS SOLUTIONS Income Statement For Three Months Ended March 31, 2018 Computer services revenue Net sales Total revenue Cost of goods sold $14,652 Depreciation expense-Office equipment 350 Depreciation expense-Computer equipment 1,180 Wages expense 2,650 Insurance expense 535 Rent expense 1,775 Computer supplies expense 1,215 Advertising expense 500 Mileage expense 240 950 Repairs expense-Computer Total expenses...
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, 2028 $24,407 17,993 42,400 Computer services revenue Net sales Total revenue Cost of goods sold Depreciation expense-Office equipment Depreciation expense-Computer equipment Wages expense Insurance expense $14,452 348 1,21e 2,95e 545 Rent expense Computer supplies expense Advertising expense Mileage expense Repairs expense-Computer Total expenses 2,375 1,285 540 240 958...
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. 60 points $ 24,807 18,293 43, 100 02:59:00 BUSINESS SOLUTIONS Income Statement For Three Months Ended March 31, 2020 Computer services revenue Net sales Total revenue Cost of goods sold $ 14, 252 Depreciation expense-Office equipment 320 Depreciation expense-Computer equipment 1,220 Wages expense 3,050 Insurance expense 535 Rent expense 1,475 Computer supplies expense Advertising expense Mileage expense Repairs...
Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the following financial data 20 posts $24,507 18,293 42,800 BUSINESS SOLUTIONS Income Statement For Three Months Ended March 31, 2018 Computer services revenue Net sales Total revenue Cost of goods sold $14,552 Depreciation expense-office equipaent 360 Depreciation expense-Computer equipment 1,200 Wages expense 2.950 Insurance expense 485 Rent 2.075 Computer supplies expense 1,285 Advertising expense 570 Mileage expense 270 Repairs expense-Computer 900 Total...
$ 25,207 18,593 43,800 BUSINESS SOLUTIONS Income Statement For Three Months Ended March 31, 2020 Computer services revenue Net sales Total revenue Cost of goods sold Depreciation expense-Office equipment Depreciation expense-Computer equipment Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Repairs expense-Computer Total expenses Net income $14,852 370 1,150 3,050 465 2,275 1,235 560 300 880 25,137 $ 18,663 Dec. 31, 2019 $58,812 4,968 BUSINESS SOLUTIONS Comparative Balance Sheets December 31, 2019, and March 31,...
Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the following financial data. $24,707 18,093 42,800 BUSINESS SOLUTIONS Income Statement For Three Months Ended March 31, 2020 Computer services revenue Net sales Total revenue Cost of goods sold $14,352 Depreciation expense-Office equipment 350 Depreciation expense-Computer equipment 1,160 Wages expense 3,050 Insurance expense 475 Rent expense 1,975 Computer supplies expense 1,255 Advertising expense 500 Mileage expense Repairs expense-Computer Total expenses Net income...
Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the following financial data $ 24,907 18,693 43.600 $14,352 BUSINESS SOLUTIONS Income Statement For Three Months Ended March 31, 2020 Computer services revenue Net sales Total revenue Cost of goods sold Depreciation expense-office equipment Depreciation expense-Computer equipment Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Repairs expense Computer Total expenses Net Income 1,210 2.450 455 1,275 1,245...
Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the following financial data. $24,607 17,793 42,400 BUSINESS SOLUTIONS Income Statement For Three Months Ended March 31, 2018 Computer services revenue Net sales Total revenue Cost of goods sold $14,652 Depreciation expense-Office equipment 350 Depreciation expense-Computer equipment 1,180 Wages expense 2,650 Insurance expense 535 Rent expense 1,775 Computer supplies expense 1,215 Advertising expense 500 Mileage expense 240 950 Repairs expense-Computer Total expenses...
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, 2028 $24,407 17,993 42,400 Computer services revenue Net sales Total revenue Cost of goods sold Depreciation expense-Office equipment Depreciation expense-Computer equipment Wages expense Insurance expense $14,452 348 1,21e 2,95e 545 Rent expense Computer supplies expense Advertising expense Mileage expense Repairs expense-Computer Total expenses 2,375 1,285 540 240 958...
Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the following financial data. 60 points $ 24,807 18,293 43, 100 02:59:00 BUSINESS SOLUTIONS Income Statement For Three Months Ended March 31, 2020 Computer services revenue Net sales Total revenue Cost of goods sold $ 14, 252 Depreciation expense-Office equipment 320 Depreciation expense-Computer equipment 1,220 Wages expense 3,050 Insurance expense 535 Rent expense 1,475 Computer supplies expense Advertising expense Mileage expense Repairs...
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