Homework Answers
statement of Astoria&CO has the following transaction for the month of August 2018
The Operating Cash Flow Formula is used to calculate how much cash a company generated (or consumed) from its operating activities in a period, and is displayed on the Cash Flow Statement. The formula for each company will be different, but the basic structure always includes three components: (1) net income, (2) plus non-cash expenses, (3) plus the net increase in net working capital.
particulars amount$
Cash received from bank loan $22,000
(less) dividend paid to stock holders $9700
(add) Revenues earned and received $35000
(less) expenses incured and paid were $27000
$20,300
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Astoria Co. had the following transactions during the month of August 2018: * Cash received from...
Astoria Company had the following transactions during the month of August Year 1: (1) Cash received...
Astoria Company had the following transactions during the month of August Year 1: (1) Cash received from bank loans was $26,000. (2) Dividends of $10,100 were paid to stockholders in cash. (3) Revenues earned and received in cash amounted to $39,500 (4) Expenses incurred and paid were $29,000. At the beginning of August, Year 1, owners' equity in Astoria was $166,000. Given the transactions of August, what will be the owners' equity be at the end of the month? Multiple...
Required information The following information applies to the questions displayed below.) During the month of August,...
Required information The following information applies to the questions displayed below.) During the month of August, Boyce Company had the following transactions: (1)Revenues of $120,000 were earned and received in cash. (2)Bank loans of $18,000 were paid off. (3)Equipment of $40,000 was purchased with cash. (4)Expenses of $73,600 were paid. (5)Stockholders purchased additional shares for $44,000 cash. A statement of cash flows for August, would report net cash flows from operating activities of Multiple Choice $46,400. $40,000 $32.400 $26.000 A...
Jiminez, Inc., had the following transactions during the month of March, current year. Prepare an income...
Jiminez, Inc., had the following transactions during the month of March, current year. Prepare an income statement based on this information, being careful to include only those items that should appear in that financial statement. Cash received from bank loans was $10,000. Revenues earned and received in cash were $9,000. Dividends of $4,000 were paid to stockholders. Expenses incurred and paid were $5,600. JIMINEZ, INC. Income Statement For the Month Ended March 31, Current Year Revenues $0
Required information [The following information applies to the questions displayed below.) Waldorf Co. had the following...
Required information [The following information applies to the questions displayed below.) Waldorf Co. had the following transactions during the month of October 2018: (1) Cash received from bank loans was $60,000. (2) Dividends of $18,500 were paid to stockholders in cash. (3) Revenues earned and received in cash amounted to $100,500. (4) Expenses incurred and paid were $78,000. What amount of net income will be reported on an income statement for the month of October? $100,500. $ 78,000. o o...
6) If cash flows from operating activities is a positive amount, then: A) The company must...
6) If cash flows from operating activities is a positive amount, then: A) The company must have paid off more debts than it earned during the year B) The company may still have a decrease in the total amount of cash for the period. c) The company must have had a net profit for the year. D) The amount will be shown on the statement of cash flows in parentheses 7) Which of the following best defines an asset? A)...
Tiger Trade has the following cash transactions for the period. Accounts Amounts Cash received from...
Tiger Trade has the following cash transactions for the
period.
Accounts
Amounts
Cash received from sale of products to customers
$
30,500
Cash received from the bank for long-term loan
35,500
Cash paid to purchase factory equipment
(40,500
)
Cash paid to merchandise suppliers
(10,100
)
Cash received from the sale of an unused warehouse
11,100
Cash paid to workers
(22,100
)
Cash paid for advertisement
(2,100
)
Cash received for sale of services to customers
20,500
Cash paid...
Tiger Trade has the following cash transactions for the period. Accounts Cash received from sale of...
Tiger Trade has the following cash transactions for the period. Accounts Cash received from sale of products to customers Cash received from the bank for long-term loan Cash paid to purchase factory equipment Cash paid to merchandise suppliers Cash received from the sale of an unused warehouse Cash paid to workers Cash paid for advertisement Cash received for sale of services to customers Cash paid for dividends to stockholders Amounts $ 35,500 40,500 (45,500) (11,100) 12,100 (23,100) (3,100) 25,500 (5,100)...
Significant Technologies Corporation had the following transactions in the month of August. Significant Technologies received $100,000...
Significant Technologies Corporation had the following transactions in the month of August. Significant Technologies received $100,000 cash in exchange for shares of Significant Technologies' common stock. Purchased store equipment for $11,000 cash. Provided services for cash of $9,000. Provided services on credit for $20,000. Received bill and paid utilities of $5,000. Paid sales salaries of $8,000. Ignore withholding and related payroll taxes. Incurred legal fees of $6,000 to be paid later. Declared and paid dividends to stockholders of $2,000. Collected...
Tiger Trade has the following cash transactions for the period. Accounts Cash received from sale of...
Tiger Trade has the following cash transactions for the period. Accounts Cash received from sale of products to customers Cash received from the bank for long-term loan Cash paid to purchase factory equipment Cash paid to merchandise suppliers Cash received from the sale of an unused warehouse Cash paid to workers Cash paid for advertisement Cash received for sale of services to customers Cash paid for dividends to stockholders Amounts $ 31,500 36,500 (41,500) (10,300) 11,300 (22,300) (2,300) 21,500 (4,300)...
Tiger Trade has the following cash transactions for the period. Accounts Amounts $ 32,000 Cash received...
Tiger Trade has the following cash transactions for the period. Accounts Amounts $ 32,000 Cash received from sale of products to customers Cash received from the bank for long-term loan Cash paid to purchase factory equipment Cash paid to merchandise suppliers Cash received from the sale of an unused warehouse 37,000 (42,000) (10,400) 11, 400 (22, 400) (2,400) 22,000 (4, 400) Cash paid to workers Cash paid for advertisement Cash received for sale of services to customers Cash paid for...
Astoria Company had the following transactions during the month of August Year 1: (1) Cash received from bank loans was $26,000. (2) Dividends of $10,100 were paid to stockholders in cash. (3) Revenues earned and received in cash amounted to $39,500 (4) Expenses incurred and paid were $29,000. At the beginning of August, Year 1, owners' equity in Astoria was $166,000. Given the transactions of August, what will be the owners' equity be at the end of the month? Multiple...
Required information The following information applies to the questions displayed below.) During the month of August, Boyce Company had the following transactions: (1)Revenues of $120,000 were earned and received in cash. (2)Bank loans of $18,000 were paid off. (3)Equipment of $40,000 was purchased with cash. (4)Expenses of $73,600 were paid. (5)Stockholders purchased additional shares for $44,000 cash. A statement of cash flows for August, would report net cash flows from operating activities of Multiple Choice $46,400. $40,000 $32.400 $26.000 A...
Required information [The following information applies to the questions displayed below.) Waldorf Co. had the following transactions during the month of October 2018: (1) Cash received from bank loans was $60,000. (2) Dividends of $18,500 were paid to stockholders in cash. (3) Revenues earned and received in cash amounted to $100,500. (4) Expenses incurred and paid were $78,000. What amount of net income will be reported on an income statement for the month of October? $100,500. $ 78,000. o o...
6) If cash flows from operating activities is a positive amount, then: A) The company must have paid off more debts than it earned during the year B) The company may still have a decrease in the total amount of cash for the period. c) The company must have had a net profit for the year. D) The amount will be shown on the statement of cash flows in parentheses 7) Which of the following best defines an asset? A)...
Tiger Trade has the following cash transactions for the
period.
Accounts
Amounts
Cash received from sale of products to customers
$
30,500
Cash received from the bank for long-term loan
35,500
Cash paid to purchase factory equipment
(40,500
)
Cash paid to merchandise suppliers
(10,100
)
Cash received from the sale of an unused warehouse
11,100
Cash paid to workers
(22,100
)
Cash paid for advertisement
(2,100
)
Cash received for sale of services to customers
20,500
Cash paid...
Tiger Trade has the following cash transactions for the period. Accounts Cash received from sale of products to customers Cash received from the bank for long-term loan Cash paid to purchase factory equipment Cash paid to merchandise suppliers Cash received from the sale of an unused warehouse Cash paid to workers Cash paid for advertisement Cash received for sale of services to customers Cash paid for dividends to stockholders Amounts $ 35,500 40,500 (45,500) (11,100) 12,100 (23,100) (3,100) 25,500 (5,100)...
Tiger Trade has the following cash transactions for the period. Accounts Cash received from sale of products to customers Cash received from the bank for long-term loan Cash paid to purchase factory equipment Cash paid to merchandise suppliers Cash received from the sale of an unused warehouse Cash paid to workers Cash paid for advertisement Cash received for sale of services to customers Cash paid for dividends to stockholders Amounts $ 31,500 36,500 (41,500) (10,300) 11,300 (22,300) (2,300) 21,500 (4,300)...
Tiger Trade has the following cash transactions for the period. Accounts Amounts $ 32,000 Cash received from sale of products to customers Cash received from the bank for long-term loan Cash paid to purchase factory equipment Cash paid to merchandise suppliers Cash received from the sale of an unused warehouse 37,000 (42,000) (10,400) 11, 400 (22, 400) (2,400) 22,000 (4, 400) Cash paid to workers Cash paid for advertisement Cash received for sale of services to customers Cash paid for...
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