ZuoTi.Pro
Question

Momber's Flooring Company 2011 2012 Cash            500 800 Accounts receivable        1,400        1,200 Inventory...

Momber's Flooring Company
2011 2012
Cash            500 800
Accounts receivable        1,400        1,200
Inventory        3,900        4,400
Net fixed assets        8,200        8,200
Land        1,000        2,000
Total Assets      15,000      16,600
        
Notes payable        1,000            600
Accounts payable        3,000        2,000
Accruals            500            900
Long-term debt        3,600        5,400
Common Stock        2,500        2,200
Retained earnings        4,400        5,500
Total Liabilities and Equity      15,000      16,600

Given the Balance Sheets for Momber's Flooring Company above for the years ending December 31, 2011 and 2012, find Net Cash Flows from Operating Activities for 2012 assuming the following income statement data:

Net income (2012) = $1,889 and Depreciation (2012) = $590

Round your answer as a whole number and record without a dollar sign and without commas. For example, record $3,204.854 as 3205. To show a negative cash flow (i.e., a net cash outflow), place a negative sign before your answer with no space between the negative sign and the number. Thus, record negative 5,432 as -5432.

business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1
Statement of Cash Flows (partial)
Cash flows from operating activities
Net income          1,889
Adjustments to reconcile net income to net cash provided by operating activities
Income statement items not affecting cash
Depreciation expense             590
Changes in current operating assets and liabilities
Decrease in accounts receivable             200
Increase in inventory           (500)
Decrease in Note Payable           (400)
Decrease in accounts payable        (1,000)
Increase in Accruals             400
Net cash provided by operating activities          1,179
0 0
Add a comment
Know the answer?
Add Answer to:
Momber's Flooring Company 2011 2012 Cash            500 800 Accounts receivable        1,400        1,200 Inventory...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Momber's Flooring Company 2011 2012 Cash            500            800 Accounts receivable        1,400 &

    Momber's Flooring Company 2011 2012 Cash            500            800 Accounts receivable        1,400        1,200 Inventory        3,900        4,400 Net fixed assets        8,200        8,200 Land        1,000        2,000 Total Assets      15,000      16,600          Notes payable        1,000            600 Accounts payable        3,000        2,000 Accruals            500            900 Long-term debt        3,600        5,400 Common Stock        2,500        2,200 Retained earnings        4,400        5,500 Total Liabilities and Equity     ...

  • Momber's Flooring Company 2011 2012 800 Cash 500 Accounts receivable 1,400 1,200 Inventory 3,900 4,400 Net...

    Momber's Flooring Company 2011 2012 800 Cash 500 Accounts receivable 1,400 1,200 Inventory 3,900 4,400 Net fixed assets 8,200 8,200 Land 1,000 2,000 Total Assets 15,000 16,600 600 500 Notes payable 1,000 Accounts payable 3,000 2,000 Accruals 900 Long-term debt 3,600 5,400 Common Stock 2,500 2,200 Retained earnings 4,400 5,500 Total Liabilities and Equity 15,000 16,600 Given the Balance Sheets for Momber's Flooring Company above for the years ending December 31, 2011 and 2012, find Net Cash Flow from Financing...

  • Momber's Flooring Company 2011 2012 Cash            500            800 Accounts receivable        1,400 &

    Momber's Flooring Company 2011 2012 Cash            500            800 Accounts receivable        1,400        1,200 Inventory        3,900        4,400 Net fixed assets        8,200        8,200 Land        1,000        2,000 Total Assets      15,000      16,600          Notes payable        1,000            600 Accounts payable        3,000        2,000 Accruals            500            900 Long-term debt        3,600        5,400 Common Stock        2,500        2,200 Retained earnings        4,400        5,500 Total Liabilities and Equity     ...

  • Cash 500 800 Accounts receivable 1,400 1,200 Inventory 3,900 4,400 4 Net fixed assets 8,200 8,200...

    Cash 500 800 Accounts receivable 1,400 1,200 Inventory 3,900 4,400 4 Net fixed assets 8,200 8,200 Land 1,000 Total Assets 2,000 16,600 15,000 Notes payable 1,000 600 Accounts payable 3.000 2,000 Accruals 500 900 Long-term debt 3,600 5.400 Common Stock 2,500 2.200 Retained earnings 4,400 Total Liabilities and 5,500 Equity 15,000 16,600 Given the Balance Sheets for Momber's Flooring Company above for the years ending December 31, 2011 and 2012 Cash Flow from Financing Activities for 2012 assuming the following...

  • 2011 2012 Cash 300 400 Accounts receivable 1,000 1,400 Inventories 3,200 3,000 Current assets 4,500 4,800...

    2011 2012 Cash 300 400 Accounts receivable 1,000 1,400 Inventories 3,200 3,000 Current assets 4,500 4,800 Net fixed assets 3,800 Total assets 4,300 9,100 8,300 Notes payable 300 Accounts payable 500 Accruals Current portion of long- term debt Current liabilities 1,220 Long-term debt 4,300 Common stock ($.20 par) 1,200 Additional paid-in capital 680 Retained earnings Total liabilities and equity 8,300 Het income as reported on the 2012 Income statement) - 528 960 4,900 1,300 740 1,200 900 9,100 Depreciation as...

  • Balance Sheets for the Years Ending Dec. 31, 2011 and 2012 2011 2012 Cash            300...

    Balance Sheets for the Years Ending Dec. 31, 2011 and 2012 2011 2012 Cash            300            400 Accounts receivable        1,000        1,400 Inventories        3,200        3,000 Current assets        4,500        4,800 Net fixed assets        3,800        4,300 Total assets        8,300        9,100 Notes payable            400            300 Accounts payable            700            500 Accruals              50              80 Current portion of long-term debt              70              80 Current liabilities        1,220            960...

  • Balance Sheets for the Years Ending Dec. 31, 2011 and 2012 2011 2012 Cash            300...

    Balance Sheets for the Years Ending Dec. 31, 2011 and 2012 2011 2012 Cash            300            400 Accounts receivable        1,000        1,400 Inventories        3,200        3,000 Current assets        4,500        4,800 Net fixed assets        3,800        4,300 Total assets        8,300        9,100 Notes payable            400            300 Accounts payable            700            500 Accruals              50              80 Current portion of long-term debt              70              80 Current liabilities        1,220            960...

  • Balance Sheets for the Years Ending Dec. 31, 2011 and 2012 2011 2012 Cash            300...

    Balance Sheets for the Years Ending Dec. 31, 2011 and 2012 2011 2012 Cash            300            400 Accounts receivable        1,000        1,400 Inventories        3,200        3,000 Current assets        4,500        4,800 Net fixed assets        3,800        4,300 Total assets        8,300        9,100 Notes payable            400            300 Accounts payable            700            500 Accruals              50              80 Current portion of long-term debt              70              80 Current liabilities        1,220            960...

  • Jeffersonson, Inc. Balance Sheets For the years ending December 31, 2011 and 2012) 2012 500 Cash...

    Jeffersonson, Inc. Balance Sheets For the years ending December 31, 2011 and 2012) 2012 500 Cash Accounts receivable Inventory Current assets Net fixed assets Land Total assets 2011 500 2,800 9,300 12,600 48,200 11,600 72,400 2,400 9,900 12,800 61,400 12,900 87,100 1,000 1,700 Notes payable Accounts payable Accruals Current portion of LT Debt Current liabilities Long-term debt Common stock Additional paid in capital Retained earnings Total liabilities and equity 1,200 1,900 100 3,200 6,400 12,600 21,000 18,400 14,000 72,400 4,200...

  • Thompson, Inc. Balance Sheets For the years ending December 31, 2011 and 2012) 2012 300 Cash...

    Thompson, Inc. Balance Sheets For the years ending December 31, 2011 and 2012) 2012 300 Cash Accounts receivable Inventory Current assets Net fixed assets Total assets 2011 800 3,700 8,400 12,900 34,500 47,400 3,000 10,200 13,500 42,600 56,100 Notes payable Accounts payable Accruals Current liabilities Long-term debt Common stock Capital surplus Retained earnings Total liabilities and equity 1,000 600 1,600 10,700 6,000 18,900 10,200 47,400 1,600 800 700 3,100 10,000 8,000 24,100 10,900 56,100 In its 2011 income statement, Thompson...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT