Computation of cash received from customers. | |
Particulars | Amount |
Beginning accounts receivables | $125,000.00 |
Add: Sales Revenues | $350,000.00 |
Less: Ending accounts receivables | $106,000.00 |
Cash received from customers | $369,000.00 |
Computation of cash paid for inventory | |
Particulars | Amount |
Cost of Goods Sold | $210,000.00 |
Add: Ending inventory | $180,000.00 |
Less: Beginning inventory | $213,000.00 |
Purchases made during the year | $177,000.00 |
Add: Opening accounts payable | $210,000.00 |
Less: Ending accounts payable | $195,000.00 |
Cash paid to the supplier for inventory | $192,000.00 |
Let's do this, Inc. | ||
Statement of Cash Flows (Direct Method) (Partial) | ||
Particulars | Details | Amount |
Cash Flows from operating activities: | ||
Cash Inflows: | ||
Cash received from customers | $369,000.00 | |
Cash Outflows: | ||
Cash paid to the supplier for inventory | -$192,000.00 | |
Cash paid for Operating expenses ($140,000 - $35,000 - $8,000) | -$97,000.00 | |
Net Cash flow from operating activities | $80,000.00 |
Let's Do This, Inc. had an operating income of $35,000 for the year just ended. Balances...
For the just completed year, Hanna Company had net income of
$35,000. Balances in the company’s current asset and current
liability accounts at the beginning and end of the year were as
follows:
December 31
End of Year
Beginning of Year
Current assets:
Cash and cash equivalents
$
30,000
$
40,000
Accounts receivable
$
125,000
$
106,000
Inventory
$
213,000
$
180,000
Prepaid expenses
$
6,000
$
7,000
Current liabilities:
Accounts payable
$
210,000
$
195,000
Accrued liabilities
$
4,000...
For the just completed year, Hanna Company had net income of $35,000. Balances in the company’s current asset and current liability accounts at the beginning and end of the year were as follows: December 31 End of Year Beginning of Year Current assets: Cash and cash equivalents $ 30,000 $ 40,000 Accounts receivable $ 125,000 $ 106,000 Inventory $ 213,000 $ 180,000 Prepaid expenses $ 6,000 $ 7,000 Current liabilities: Accounts payable $ 210,000 $ 195,000 Accrued liabilities $ 4,000...
For the just completed year, Hanna Company had net income of $35.000. Balances in the company's current asset and current liability accounts at the beginning and end of the year were as follows: December 31 End of Beginning Year of Year Current assets: Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Current liabilities: Accounts payable Accrued liabilities Income taxes payable $ 30, 0 $ 40,00 $ 125,000 $106,000 $ 213,000 $180.ee $ 6,000 $ 7. ee $ 210. $...
For the just completed year, Hanna Company had net income of $68,500. Balances in the company's current asset and current liability accounts at the beginning and end of the year were as follows: December 31 End of Beginning Year of Year Current assets: Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Current liabilities: Accounts payable Accrued liabilities Income taxes payable $ 57,000 $ 82,000 $168,000 $194,000 $430,000 $355,000 $ 11,000 $14,500 $ 350,000 $380,000 $ 7,500 $ 13,000 $...
For the just completed year, Hanna Company had net income of $80,000. Balances in the company's current asset and current liability accounts at the beginning and end of the year were as follows: December 31 End of Beginning Year of Year Current assets: Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Current liabilities: Accounts payable Accrued liabilities Income taxes payable $ 57,000 $ 81,000 $ 162,000 $190,000 $445.000 $352.000 $ 11,500 $ 13,500 $352,000 $388,000 $ 8,000 $ 12,500...
For the just completed year, Hanna Company had net income of $66.000. Balances in the company's current asset and current liability accounts at the beginning and end of the year were as follows: December 31 Beginning of End of Year Year Current assets: Cash Accounts receivable Inventory Prepaid expenses Current liabilities: Accounts payable Accrued liabilities Income taxes payable $ 62.000 $ 160,000 $ 448,000 $ 12.000 S 82.000 S 186.000 S 364.000 $ 14,000 $ 358,000 $ 8.500 $ 35,000...
Exercise 13-2 Net Cash Provided by operations activities
LO13-2
I dont know what else it needs but please help me much
appreiciated.
Check my work mode : This shows what is correct or incorrect for the work you have completed so For the just completed year, Hanna Company had net income of $35,000. Balances in the company's curre accounts at the beginning and end of the year were as follows: December 31 End of Beginning Year of Year Current assets:...
Exercise 14-2 Net Cash Provided by Operating Activities (L014-2] For the just completed year, Hanna Company had net Income of $35,000. Balances in the company's current asset and current liability accounts at the beginning and end of the year were as follows: December 31 End of Beginning Year of Year Current assets: Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Current liabilities: Accounts payable Accrued liabilities Income taxes payable $ 30,000 $ 40,000 $ 125,00 $ 106,00 $ 213,00...
For the just completed year, Hanna Company had net income of $90,500. Balances in the company's current asset and current liability accounts at the beginning and end of the year were as follows: December 31 End of Beginning of Year Year Current assets: Cash and cash equivalents Accounts receivable $61,000 $ 84,000 $168,000 $186,000 $442,000 $346,000 12,000 14,000 Inventory Prepaid expenses Current liabilities: Accounts payable $356,000 $384,000 8,500 13,000 33,000 28,000 Accrued liabilities Income taxes payable The Accumulated Depreciation account...
For the just completed year, Hanna Company had net income of $67,500. Balances in the company's current asset and current liability accounts at the beginning and end of the year were as follows: December 31 End of Beginning of Year Year Current assets: 59,000 $ 83,000 152,000 $ 186,000 436,000 $ 352,000 12,500 14,000 Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Current liabilities: Accounts payable Accrued liabilities Income taxes payable 354,000 $ 392,000 $ 9,000 $ 11,500 36,000...