Homework Answers
1.
Statement of cash flows (partial)
|
Particulars |
$ |
$ |
|
Cash flow from Operating Activities |
||
|
Net income |
124,000 | |
|
Add: Adjustments to reconcile net income to net cash provided by operating activities |
||
|
Depreciation |
30,000 | |
|
Accounts receivable |
9,400 | |
|
Inventory |
- 18,000 | |
|
Accounts payable |
3,400 | |
|
Net cash provided by Operating Activities |
148,800 |
Correct option is (c)
2.
Common size percentage for cash = Cash balance/Total assets
= 15,300/179,600
= 8.52%
Correct option is (B)
Kindly comment if you need further assistance. Thanks
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please help with these 2 multiple choice ?’s :(
A company's income statement showed the following:...
A company's income statement showed the following: net income, $118,000; depreciation expense. $32,000; and gain on...
A company's income statement showed the following: net income, $118,000; depreciation expense. $32,000; and gain on sale of plant assets. $6.000. An examination of the company's current assets and current liabilities showed the following changes accounts receivable decreased $9,800; merchandise inventory increased $20,000; prepaid expenses increased $6,600; accounts payable increased $3.800. Calculate the net cash provided or used by operating activities. Multiple Choice $142,200. O $144,200. $149,000. O $170,200. O $131,000
Help Save & Ex A company's income statement showed the following net income, $133,000 depreciation expense,...
Help Save & Ex A company's income statement showed the following net income, $133,000 depreciation expense, $39,500 and gain on sale of plant assets, $13,500. An examination of the company's current assets and current liabilities showed the following changes accounts receivable decreased $11,300; merchandise inventory increased $27.500, prepaid expenses increased $8,100; accounts payable increased $5300 Calculate the net cash provided or used by operating activities Multiple Choice $154 200 $140 000 $161,000 $156,200 $182 200. < Prev 32 of 36...
A company's income statement showed the following: net income, $148,000 and depreciation expense, $37,200. An examination...
A company's income statement showed the following: net income, $148,000 and depreciation expense, $37,200. An examination of the company's current assets and current liabilities showed the following changes: accounts receivable decreased $11,800; merchandise inventory increased $22,800; and accounts payable increased $5,800. Calculate the net cash provided or used by operating activities. Multiple Choice O $142,000 O $190,400 O $144.800 O $180,000 O $214,000
Test 1 27 A company's income statement showed the following: net income, $133,000 and depreciation expense,...
Test 1 27 A company's income statement showed the following: net income, $133,000 and depreciation expense, $32,700. An examination of the company's current assets and current abilities showed the following changes, accounts receivable decreased $10.300; merchandise inventory increased $19,800, and accounts payable increased $4,300. Calculate the net cash provided or used by operating activities 22:04 Multiple Choice $170,900 $127.000 O $160,500 $191,500 $131,300
Siddlewaremheprod twity question p/XEZAS Pues. A company's income statement showed the following net income $136.000 and...
Siddlewaremheprod twity question p/XEZAS Pues. A company's income statement showed the following net income $136.000 and depreciation expense, 533600. An examination of the company's current assets and currene tabinies showed me tollowig changes accounts receivable decreased $10.600 merchandise inventory increased $20.400 and accounts payable increased $4.500. Calculate the net cash provided or used by operating activities Swed Help Sovet Multiple Choice $130,000 $174.800 $134,000 $164.400 O $196,000 O Next > 9 of 10 < Prev SAMSUNG SH O earch
A company's income statement showed the following: net income, $132,000; depreciation expense, $39,000; and gain on...
A company's income statement showed the following: net income, $132,000; depreciation expense, $39,000; and gain on sale of plant assets, $13,000. An examination of the company's current assets and current liabilities showed the following changes accounts receivable decreased $11,200; merchandise inventory increased $27,000; prepaid expenses increased $8000; accounts payable increased $5200. Calculate the net cash provided or used by operating activities.
Queen Anne's Revenge's income statement showed the following: net income, $34,300 and depreciation expense, $36,300. An...
Queen Anne's Revenge's income statement showed the following: net income, $34,300 and depreciation expense, $36,300. An examination of the company's current assets and current liabilities showed the following changes: accounts receivable decreased $2,500; merchandise inventory increased $1,000; and accounts payable increased $2,200. Calculate the net cash provided or used by operating activities. $36,300. $34,300. $31,300. $43,700. $41,300.
Multiple Choice Question 129 The net income reported on the income statement for the current year...
Multiple Choice Question 129 The net income reported on the income statement for the current year was $561000. Depreciation recorded on plant assets was $84000. Accounts receivable and inventories increased by $44000 and $18000, respectively. Prepaid expenses and accounts payable decreased by $2000 and $35000, respectively. How much cash was provided by operating activities? O $550000. $510000 O $740000 O $528000
pls help? In preparing a company's statement of cash flows using the indirect method, the following...
pls help?
In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income Accounts payable decreased by Accounts receivable increased by Inventories increased by Depreciation expense $52,000 18,000 25,000 5,000 30,000 Net cash provided by operating activities was: Multiple Choice o $52,000 O $34.000 n $60.000 - Multiple Choice o $52000. o $34,000. o $60,000. o S80.000. S70.000.
Assume that Galena Company's income statement showed depreciation expense of $10,000, a on sale of investments...
Assume that Galena Company's income statement showed depreciation expense of $10,000, a on sale of investments of $7,000, and a net income of $51,000. (a) Calculate the cash flow from operating activities using the indirect method and (b) compute Galena's operating-cash-flovw capital-expenditures ratio. gain ow-to- B Cash Flow from Operating Activities (Indirect Method) Cairo Company had a $24,000 net loss from operations. Depreciation expense for the year was $9,600, and a dividend of $5,000 was de. clared and paid. The...
A company's income statement showed the following: net income, $118,000; depreciation expense. $32,000; and gain on sale of plant assets. $6.000. An examination of the company's current assets and current liabilities showed the following changes accounts receivable decreased $9,800; merchandise inventory increased $20,000; prepaid expenses increased $6,600; accounts payable increased $3.800. Calculate the net cash provided or used by operating activities. Multiple Choice $142,200. O $144,200. $149,000. O $170,200. O $131,000
Help Save & Ex A company's income statement showed the following net income, $133,000 depreciation expense, $39,500 and gain on sale of plant assets, $13,500. An examination of the company's current assets and current liabilities showed the following changes accounts receivable decreased $11,300; merchandise inventory increased $27.500, prepaid expenses increased $8,100; accounts payable increased $5300 Calculate the net cash provided or used by operating activities Multiple Choice $154 200 $140 000 $161,000 $156,200 $182 200. < Prev 32 of 36...
A company's income statement showed the following: net income, $148,000 and depreciation expense, $37,200. An examination of the company's current assets and current liabilities showed the following changes: accounts receivable decreased $11,800; merchandise inventory increased $22,800; and accounts payable increased $5,800. Calculate the net cash provided or used by operating activities. Multiple Choice O $142,000 O $190,400 O $144.800 O $180,000 O $214,000
Test 1 27 A company's income statement showed the following: net income, $133,000 and depreciation expense, $32,700. An examination of the company's current assets and current abilities showed the following changes, accounts receivable decreased $10.300; merchandise inventory increased $19,800, and accounts payable increased $4,300. Calculate the net cash provided or used by operating activities 22:04 Multiple Choice $170,900 $127.000 O $160,500 $191,500 $131,300
Siddlewaremheprod twity question p/XEZAS Pues. A company's income statement showed the following net income $136.000 and depreciation expense, 533600. An examination of the company's current assets and currene tabinies showed me tollowig changes accounts receivable decreased $10.600 merchandise inventory increased $20.400 and accounts payable increased $4.500. Calculate the net cash provided or used by operating activities Swed Help Sovet Multiple Choice $130,000 $174.800 $134,000 $164.400 O $196,000 O Next > 9 of 10 < Prev SAMSUNG SH O earch
Multiple Choice Question 129 The net income reported on the income statement for the current year was $561000. Depreciation recorded on plant assets was $84000. Accounts receivable and inventories increased by $44000 and $18000, respectively. Prepaid expenses and accounts payable decreased by $2000 and $35000, respectively. How much cash was provided by operating activities? O $550000. $510000 O $740000 O $528000
pls help?
In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income Accounts payable decreased by Accounts receivable increased by Inventories increased by Depreciation expense $52,000 18,000 25,000 5,000 30,000 Net cash provided by operating activities was: Multiple Choice o $52,000 O $34.000 n $60.000 - Multiple Choice o $52000. o $34,000. o $60,000. o S80.000. S70.000.
Assume that Galena Company's income statement showed depreciation expense of $10,000, a on sale of investments of $7,000, and a net income of $51,000. (a) Calculate the cash flow from operating activities using the indirect method and (b) compute Galena's operating-cash-flovw capital-expenditures ratio. gain ow-to- B Cash Flow from Operating Activities (Indirect Method) Cairo Company had a $24,000 net loss from operations. Depreciation expense for the year was $9,600, and a dividend of $5,000 was de. clared and paid. The...
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