9.X Company made an operating profit of$185,500 after charging depreciation of$31,200. During that year, trade payablesincreased by $26,600 and inventorydecreased by $40,300. There was nochange to trade receivables. Assuming thatno other factors affected it, the cashgenerated from operations would havebeen:O a) $203,000.O b) $230,400.c) $283,600.d) $149,800.

Cash flow from operating activities includes activity related to cash inflow or outflow from normal…

Answered: 9.X Company made an operating profit of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The Flores Company reported Net Income of $40,000 for the current year. During the year, Account Receivable increased by $14,000; Account Payable decreased by $6,000 and Depreciation Expense was $10,000. The net cash flow provided by operating activities (Net Cash Flow Provided by Operating Activities) in the year is: a. $40,000 b. $70,000 c. $38,000 d. $30,000
Graff, Incorporated, has sales of $41,680, costs of $13,560, depreciation expense of $2,910, and interest expense of $2,120. The tax rate is 24 percent. What is the operating cash flow, or OCF? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Operating cash flow $ 17,548
profit of $185,500 after charging depreciation of $31,200. During that year, trade payables increased by $26,600 and inventory increased by $40,300. There was no change to trade receivables. Assuming that no other factors affected it, the cash generated from operations would have been: 149800 283600 None of above 203000
Question 8 Last month, a company's net income was $1800. The depreciation expense was $1000. Inventory decreased by $500. Accounts payable increased by $300. Other current asset and current liability accounts remained the same. What is the operating cash flow based on the indirect method? 3600 2600 1600 None of above
UJ Corp. reported net income for the year of $115,000. What is the net cash flows from operating activities given the following information: Increase in Salaries Payable $ 15,000 Depreciation Expense $ 6,000 Increase in Prepaid Rent $ 24,000 Loss on sale of asset $ 1,000 Increase in Accounts Payable $ 25,000 Increase in Inventory $ 50,000 Select one: a. $118,000 b. $188,000 c. $136,000 d. $88,000 e. $112,000
Please do not give solution in image format thanku
Use the following information to compute net change in cash for a firm: Net income for the year is $43,900 Account receivable increased by $10,420 Inventory increased by $1,875 Depreciation expense for the year is $8,000 Account payable decreased by $5,782 Other current liabilities increased by $3,500 Taxes payable decreased by $1,970 Old equipment with a book value of $2,200 was sold for $1,325 Old appliances were sold for $24,000 at a gain of $4,800 A new machine was purchased for $10,000 1,000 shares of common stock were issued at par value of $10 each and sold at par (for $10 each) Declared and paid dividends of $5,000 Reimbursed $7,000 of an outstanding loan’s capital
Use the following information to compute net investment cash flow for a firm: Net income for the year is $43,900 Account receivable increased by $10,420 Inventory increased by $1,875 Depreciation expense for the year is $8,000 Account payable decreased by $5,782 Other current liabilities increased by $3,500 Taxes payable decreased by $1,970 Old equipment with a book value of $2,200 was sold for $1,325 Old appliances were sold for $24,000 at a gain of $4,800 A new machine was purchased for $10,000 1,000 shares of common stock were issued at par value of $10 each and sold at pay (for $10 each) Declared and paid dividends of $5,000 Reimbursed $7,000 of an outstanding loan’s capital
Please don't provide answer in image format thank you. Gerry Company has a gross profit of $900,000 and depreciation expense of $360,000. Selling and administrative expense is $122,000. Given that the ax rate is 43 percent, compute the cash flow from operations for Gerry Company
Hi-Tech, Inc., reports net income of $70 million. Included in that number are depreciation expense of $6 million and a loss on the sale of equipment of $2 million. Records reveal increases in accounts receivable, accounts payable, and inventory of $3 million, $4 million, and $5 million, respectively. What are Hi-Tech’s net cash flows from operating activities?
25.
Metlock, Inc.'s net income for the current year was $432000. Depreciation was $56000. Accounts receivable and inventories decreased by $18000 and $29000, respectively. Prepaid expenses and salaries payable increased, respectively, by $2000 and $14000. Equipment was sold at a gain of $7800. How much cash was provided by operating activities?

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