The net income reported on the income statement for the current year was $210,000. Depreciation recorded on equipment and a building amount to $62,500 for the year. Balances of the current asset and current liabilities accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $56,000 $59,500 Accounts receivable (net) 71,000 73,400 Inventories 140,000 126,500 Prepaid expenses 7,800 8,400 Accounts payable (merchandise creditors) 62,600 66,400 Salaries payable 9,000 8,250 Required: Question Content Area a. Prepare the cash flows from operating activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments.

Answers

Answer 1

The Cash Flow from Operating Activities 258,950 using the indirect method.

What is Cash Flow from Operating Activities?

The total cash flow generated by a business from its ordinary business operation is known as operating cash flow. It shows if the company is able to generate enough cash inflow to sustain its operation.

The cash flows from operating activities section of the statement of cash flows, using the indirect method is shown below:

                    Particulars                           Amount ($)

               Cash flows from operating activities:

               Net income                                           210,000

Add: Depreciation expense                           62,500

Add: Decrease in accounts receivable           2,400

Less: Increase in inventory                           13,500

Add: Decrease in prepaid expenses            600

Less: Decrease in accounts payable            3,800

Add: Increase in salaries payable                    750

Net cash flow from operating activities           258,950

Hence, Cash Flow from Operating Activities 258,950

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Related Questions

Sarai spends her day checking through boxes of built product to ensure accuracy in production. She makes sure there is enough product to meet the demand. Based on her tasks, which is most likely her career? Manufacturing Production Process Development Maintenance, Installation, and Repair Logistics and Inventory Control Health, Safety, and Environmental Assurance.

Answers

Based on the fact that Sarai is usually making sure there is enough supply, she is most likely a Logistics and Inventory Control officer.

What does a Logistics and Inventory Control officer do?

They make sure that the company has enough inventory to meet the demands of customers.

They also check the purchases that the company acquires for quality and accuracy before they can be sold to customers. This is what Sarai does.

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Answer:

Logistics and Inventory Control

Explanation:

Good Luck

Definitions Types of Companies a. Purchases goods that are primarily in finished form for resale to customers. b. Records revenues when providing services to customers. c. Produces the goods they sell to customers.

Answers

The definitions of types of Companies is one that c. Produces the goods they sell to customers.

What is a company?

A company serves as the legal entity formed by a group of individuals for production of goods and services.

They do engage in and operate a business which could be commercial or industrial enterprise.

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The distribution activities associated with logistics relate to the __________ aspect of the 4 Ps of the marketing mix.

Answers

Place is the distribution activities associated with logistics relate to the aspect of the 4 Ps of the marketing mix.

What is marketing mix?

Marketing mix refers to the set of actions, or tactics, that a company uses to promote its brand or product in the market.

Elements of marketing mix includes:

PlacePriceProductPromotion

Hence, Place is the distribution activities associated with logistics relate to the aspect of the 4 Ps of the marketing mix.

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Which energy source accounts for nearly 7% of global energy consumption, making it the leading fossil fuel alternative

Answers

The energy source account that accounts for around 7% of energy consumption is hydropower.

Which energy source accounts for 7% of consumption?

Hydropower is a renewable energy source that accounts for around 7% of global energy consumption in various nations around the globe.

This means that compared to fossil fuels, it is the best alternative to replace them as a renewable energy source.

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When social security is taken out of your paycheck, is all of that money being saved for your eventual retirement? how does that work?.

Answers

When social security is taken out of one's paycheck, not everything is saved for retirement.

What is social security?

Social security is simply designed to pay retired workers that are 65 years and older.

In this case, social security is taken out of one's paycheck, not everything is saved for retirement. They are put in place to provide payments to those with limited incomes.

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How long does it take to hike the appalachian trail?.

Answers

 A typical hiker takes 5 to 7 months to hike the entire A.T.

Which sentence is TRUE?
A. You must accept ALL the aid in a financial aid offer.
B. All of the aid listed in Offer #2 is free, meaning it does not need to be paid back.
C. All universities use the same format for their financial aid offer.
D. You can choose to accept some of the aid listed in the financial aid offer and decline some aid.

Answers

The TRUE sentence is that D. You can choose to accept some of the aid listed in the financial aid offer and decline some aid.

What is a financial aid offer?

A financial aid offer is a statement that explains the financial aid available in a college or career school.

In the financial aid offer, there may be provisions for:

GrantsWork-studyStudent loansScholarships.

Financial aids make college or career school affordable to many students. Some financial aids are liabilities that must be repaid after schooling.

Thus, the TRUE sentence is Option D.

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Experience has shown that 60% of sales are collected in the month of sale and 40% are collected the month after sale. Calculate expected cash collections for the month of april.

Answers

The expected cash collections for ABC, Inc's expected sales for the month of April is $156,000

What is budgeting?

Budgeting is the tactical implementation of a business plan. It is the process of creating a plan to spend your money.

Given the information above,

= Expected sales in March * 60% of sales are collected in the month of sale

= 160,000 X .60

= $96,000

= Expected sales in Feb * 40% cash collected the month after sale

= 150,000 X .40

= $60,000

Expected cash collections for ABC

= $96,000 + $60,000

= $156,000

Hence, the expected cash collections for ABC, Inc's expected sales for the month of April is $156,000

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_________________ comes with best-in-class creative publishing tools, so you can create ads from scratch or tap into existing assets.

Answers

Creative tools comes with best-in-class creative publishing tools, so you can create ads from scratch or tap into existing assets.

What are creative tools?

Creative tools are methods, approach and materials that is use to generate information and also disseminate information on a short time.

It can be use to generate good innovation and idea that is needed for ads.

Therefore, Creative tools comes with best-in-class creative publishing tools, so you can create ads from scratch or tap into existing assets.

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E-mail is an temporary message medium. please select the best answer from the choices provided t f

Answers

The given statement is correct that E-mail is a temporary message medium, and it is considered as a formal business communication.

What is E-Mail?

Electronic mail is a well known method of interchanging the various messages between people by employing the electronic devices.

It is also considered a  formal medium of business communication, as it is mostly used in the business organization.

It is considered as a temporary message medium because some of the messages are often triggers in the mailbox that temporarily move to the Microsoft Exchange Server.

Therefore, the given statement is true.

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Answer:

The answer is FALSE. Emails last forever. They are also INFORMAL communication, not formal.

Hugh has made an appointment to speak with a local librarian about their job. What kind of exploration is Hugh setting up?
career presentation
informational interview
job shadowing
internship

Answers

Answer:

The answer would be an informational interveiw

Explanation:

Hope this helps:)...if not then sorry for wasting your time and may God bless you:)

Why is it important to plan early for your retirement?
That way you can choose the right major in college.
In order to take advantage of the power of compounding.
Planning early will allow you to invest in new companies.
Taxes on retirement investments increase as you get older.

Answers

It is quite important to begin to plan early for your retirement In order to take advantage of the power of compounding.

Why should you plan early for retirement?

When you start planning early for retirement, you get to invest funds earlier and leave them to grow for longer.

This means that you can take advantage of the power of compounding, in that your investment will compound for longer and accumulate to higher levels.

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Many customers value fast, fresh, flavorful food that is free of preservatives, chemicals, and antibiotics. The marketing mix factor that represents the value of the product to a customer is:

Answers

The marketing mix factor that represents the value of the product to a customer is price.

What is marketing mix?

Marketing mix simply means the elements that are involved in the marketing of a good. They're product, price, place, and promotion.

In this case, the marketing mix illustrated is price since it deals with the value of the product.

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The amount of goods to be acquired from suppliers during the period is shown on the _______ budget.

Answers

The amount of goods to be acquired from suppliers during the period is shown on the merchandise or purchase budget.

What is the purchases budget?

The purchases budget shows the quantity and amount of goods that a merchandiser needs to order from suppliers for the budget period.  

Preparing the purchases budget helps to estimate demand and order points.

A company also uses the purchases budget to prepare for increases or changes in product lines or the launching of new products.

Thus, the amount of goods to be acquired from suppliers during the period is shown on the merchandise or purchase budget.

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A company sells equipment for $5,000. The original cost was $50,000. The
accumulated depreciation is $45,000. The sale results in
O A. a gain of $1,000
a
B. neither a gain nor a loss
O c. a loss of $1,000
D. a gain of $5,000

Answers

Assuming the company sells equipment for $5,000 and the original cost was $50,000. The sale results in: B. neither a gain nor a loss

Gain or loss

First step is to calculate the book value using this formula

Book value=Original cost-Accumulated depreciation

Let plug in the formula

Book value=$50,000-$45,000

Book value= $5,000

Second step

Since the proceeds (equipment) is the amount of $5,000 in which the book value is as well $5,000 there is neither gain nor a loss.

Inconclusion the sale results in: B. neither a gain nor a loss.

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You have been asked to calculate the internal rate of return for an investment with the following cash flows, using the Excel IRR function: The cost of the investment is $500,000. Cash flows in years 1 through 5 are $200,000; $160,000; $120,000; $80,000; and $40,000, respectively. There is no residual value to the investment. Using Excel's IRR function, what is the internal rate of return on the investment after 3 years

Answers

Answer:

9.92 %

Explanation:

Year 0 = ($500,000)

Year 1 = $200,000

Year 2 = $160,000

Year 3 = $120,000

Year 4 = $80,000

Year 5 = ($40,000 + $25,000) = $65,000

therefore,

the internal rate of return on the investment after 5 years is 9.92 %

You have been asked to calculate the internal rate of return for an investment with the following cash flows, using the Excel IRR function.

T internal rate of return for the investment after 3 years, we need to use the Excel IRR function. Here are the steps:

Step 1: Create a list of cash flows. In this case, the cash flows are as follows:

Year 0 (Initial Investment): -$500,000

Year 1: $200,000

Year 2: $160,000

Year 3: $120,000

Year 4: $80,000

Year 5: $40,000

Step 2: In Excel, use the IRR function to calculate the internal rate of return. In this example, the cash flows are in cells A1 to A6.

In cell A7, input the formula:

=IRR(A1:A6)

The internal rate of return on the investment after 5 years is 9.92 %

This means the internal rate of return on the investment after 3 years is 9.92%. It indicates the annualized rate of return the investment is expected to generate over the first three years.

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#SPJ2

Which of the following agencies can request that more money be printed

Answers

Answer:

Only the Federal Reserve -- America's independent central bank -- can instruct the Bureau of Engraving and the U.S. Mint to print more money. Typically, the Fed makes one phone call a year to the Bureau of Engraving with a request for more money to be printed.

Explanation:

Which statement(s) most directly apply to capitalism? i. there is heavy government regulation of industry. ii. individuals can start some, but not all, kinds of enterprises. iii. the price and availability of goods is determined primarily by the market. a. i and ii b. ii only c. i and iii d. iii only

Answers

The most directly applied sentence for capitalism is the price and availability of goods are determined primarily by the market. As the market is a free market in the economy.

What is Capitalism?

Capitalism is commonly thought of as an economic system in which private actors own and control the property.

According to their own interests, demand and supply freely set market prices in ways that benefit society.

 

Thus, option D which is iii only is correct.

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View filters may be applied retroactively to any data that has been processed.

Answers

View filters van be applied retroactively to processed data. Therefore, it's true.

What is data?

It should be noted that data simply means the facts and statistics that are collected together for reference or future analysis.

In this case, view filters may be applied retroactively to any data that has been processed.

In conclusion, it's true.

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Whenever price is ______ average variable costs but is ______ average total costs, the firm can pay part, but not all, its fixed costs by producing.

Answers

Whenever price is exceed average variable costs but is less than average total costs, the firm can pay part, but not all, its fixed costs by producing.

What is price?

Price is the money paid for a service rendered or goods and services bought.

The price of a goods is determined by the number of goods or the type of an item.

Therefore, Whenever price is exceed average variable costs but is less than average total costs, the firm can pay part, but not all, its fixed costs by producing.

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A company sells 800 units at $16 each, has variable costs of $12 per unit, and fixed costs of $1,200. Income is $

Answers

Assuming a company sells 800 units at $16 each, has variable costs of $12 per unit. The after-tax income is $1,200.

After-tax income

Using this formula

After-tax income=(Selling units×Selling price)-[(Variable costs×Selling price)+Fixed costs]×(1- tax rate)

Let plug in the formula

After-tax income=(800 units× $16 each)-[(800 units × $12 each)+$1200]×(1-.40)

After-tax income=$12,800-($9,600+$1,200)×0.60

After-tax income=$12,800-$10,800×0.60

After-tax income=$2,000×0.60

After-tax income=$1,200

Inconclusion the after-tax income is $1,200.

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MY OWN BUSINESS INSTITUTE
WNBUSINESS
INSTITUTE
All
My
Courses Account
5 failed logins
Generally speaking, which of the following businesses would be easier to start and
command better pricing power?
Select one:
o Operate your own self-service gas station.
indmother's nrnnrietary resine

Answers

Answer:

it hink it would be B

Explanation:

hope that helps

In the new global economy, an increasing proportion of influential financial decisions are being made in

Answers

An increasing proportion of influential financial decisions are being made in Major corporate centers such as New York, London, and Tokyo in

new global economy.

What is global economy?

The global economy serves as the economy of all humans of the world, which is the global economic system.

And this includes all economic activities which are conducted both within and between nations.

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What region in georgia is known for textiles and carpet.

Answers

Answer:

The Valley and Ridge Region

Explanation:

A binding price ceiling is designed to:Question 2 options:a) increase efficiency.b) prevent shortages.c) keep prices below the equilibrium level.d) increase the quality of the good.

Answers

A binding price ceiling is designed to c) keep prices below the equilibrium level.

What is a binding price?

A binding price ceiling is a term used to refer to a case whereby government sets a required price on a good or goods.

This price is usually set at a price below equilibrium.

Producers are are usually at the beneficial sides as a result of the binding price floor incase the price is higher than equilibrium price.

while Consumers are always worse off since they must pay more for a lower quantity.

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Which of the following technology tools is capable of recording the number of outgoing calls placed on a telephone?
A) total trap
B) pen register
C) trap and trace
D) pen trace​

Answers

Answer:

I think it's a pen register

Explanation:

Hope this helps:)...if not then sorry for wasting your time and may God bless you:)

A type of pricing strategy we’re in the same product being sold at a different place but have different price

Answers

Price discrimination is a sales strategy of selling the same product or service to different customers for different prices. First-degree price discrimination involves selling a product at the exact price that each customer is willing to pay.

Underapplied factory overhead represents a.an unfavorable total factory overhead cost variance. b.actual factory overhead. c.a favorable total factory overhead cost variance. d.None of these choices are correct.

Answers

Underapplied factory overhead represents An unfavorable total factory overhead cost variance.

What is an Underapplied Factory Overhead?

An underapplied factory overhead is a term that refers to a situation that comes up when overhead expense results in what a factory or company did not budget for in the long run.

Underapplied factory overhead leads to unnecessary cost implications for the company. It is an unforeseen budget that eventually comes up in the long run.

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Manipulating someone within an organization to gain access to confidential information is called.

Answers

Answer:

Social Engineering

Explanation:

Social Engineering is the use of centralized planning in an attempt to manage social change and regulate the future development and behavior of a society, a form of sabotage.

An example of an entrepreneur would be someone who opened up a gourmet popcorn store in the local mall. Please select the best answer from the choices provided T F.

Answers

A person who opened up a gourmet popcorn store is a suitable example of an entrepreneur.

What do you mean by Entrepreneur?

An entrepreneur refers to the person who is solely responsible for the success of the business. In other words, an entrepreneur runs a business of his own and runs it profitably.

An entrepreneur who opened up a gourmet popcorn store in a local mall is considered an example of an entrepreneur.

Therefore, the above statement is True.

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