General Accounting Question Solution Accounting: -WhenAccounting/Cash flowshould cross- Camel Corporation (a Cdimensional analysis replace corporation) sold $100,000 ofsingle-focus review?merchandise for which it paida) Interrelated factors $40,000. It also paid $35,000 ofcomprehensive otherdemandevaluationexpenses.Alltransactions were in cash.b) Single aspects tell whole What is Camel Corporation'sstoryc) Relationshipsafter-tax net cash inflow?remain [Assume the corporate tax rateis 15%]unimportantd)Analysiswastes 1. $200,000resources2. $80,0003. $35,0004. $23,750What distinguishes capacity Financial Accounting: Returnutilization accounting fromvolume measures?on assetsA company borrows $0.70 forevery $1 of equity. They earn$0.25 in profit for every $1 ofCapacity equity in the firm. What is theconstant d) firm's return on assets (ROA)?a) Standard measures workfine b) Usage numbers telleverythingremainsResourcec)availabilityimpacts supplement usagerecords.

Multiple Choice Questions:1. Cross-dimensional analysis is used instead of a single-focus review…

Answered: Accounting: - When Accounting/Cash flow…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 46E

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Mazaya Company has the following information available: Net Income R.O. 55,000; Cash Provided by Operations R.O. 68,200; Cash Sales R.O. 143,000; Capital Expenditures R.O.24,200; Dividends Paid R.O. 6,600. What is Mazaya's free cash flow? Select one: a. R.O.61,600 b. R.O.37,400 c R.O.44,000 d. R.O.24,200
! Required information [The following information applies to the questions displayed below.] The following information pertains to the inventory of Parvin Company during Year 2. January 1 April 1 700 units @ $31 2,600 units @ $36 900 units @ $39 October 1 Beginning Inventory Purchased Purchased During Year 2, Parvin sold 3,900 units of inventory at $85 per unit and incurred $44,500 of operating expenses. Parvin currently uses the FIFO method but is considering a change to LIFO. All transactions are cash transactions. Assume a 40 percent income tax rate. Parvin started the period with cash of $81,000, inventory of $21,700, common stock of $56,000, and retained earnings of $46,700. d. Determine the cash flow from operating activities under FIFO and LIFO. (Amounts to be deducted should be indicated with minus sign.)
Staley inc .repoted the following data:\ table[[Net income,$238,600
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Operating Cash Flows: Direct Method The following are various cash flows and other information for Smyczek Company: a. Payments of interest, $9,300 b. Receipt from sale of land, $7,900 c. Interest collected, $10,000 d. Payment of dividends, $12,100 e. Depreciation expense, $24,700 f. Collections from customers, $103,600 g. Payments of income taxes, $15,600 h. Receipt from issuance of stock, $18,900 i. Payments to suppliers and employees, $68,500 j. Increase in inventories, $4,600 Required: Using the direct method, prepare the operating activities section of Smyczek's statement of cash flows. SMYCZEK COMPANY Statement of Cash Flows (Partial) For Year Ended December 31, Current Year Operating Activities: Cash Inflows: Cash Outflows: 24
Prepare the statement of cash flows in good form usingINDIRECT METHOD. Be sure to provide a proper heading for thestatement. Thank you.
a.calculate free cash flow trading company "MARS". Provide an interpretation of the cash flow calculation results. b. Based on the answer in point a, give a recommendation to the trading company "MARS" how should they use the cash flow.
Indicate the effect, if any, that each separate transaction has on financing cash flows. Note: Select "No Effect" if there is no effect. a. Long-term notes payable with a carrying value of $17,600 are retired for $19,900 cash, resulting in a $2,300 loss. b. Paid cash dividends of $13,600 to common stockholders. c. Acquired $22,600 worth of machinery in exchange for common stock. Items a. Long-term notes payable b. Dividends c. Machinery Amount $ $ $ Effect on financing cash flows 19,900 Decrease 13,600 Decrease 22,600 No effect
Classification of Cash Flows Patel Company reported the following items in its statement of cash flows presented using the indirect method. a. Issuance of common stock b. Cash paid for interest c. Sold equipment for cash d. Receipt of cash dividend on investment e. Repayment of principal on long-term debt f. Loss on disposal of equipment. Required: Indicate whether each item should be classified as a cash flow from operating activities, a cash flow from investing activities, a cash flow from financing activities. Use the following information for Cornerstone Exercises 11-16 and 11-17: A review of the balance sheet of Peterson Inc. revealed the following changes in the account balances: a. Increase in long-term investment b Increase in accounts receivable c. Increase in common stock d. Increase in long-term debt e. Decrease in accounts payable f. Decrease in supplies inventory g. Increase in prepaid insurance h. Decrease in retained earnings
Refer to the information for Cornett Company above. What amount should Cornett report on its statement of cash flows as net cash flows provided by investing activities? a. $(5,200) b. $55,200 c. $144,800 d. None of these
Classification of Cash Flows The following are several items that might be disclosed on a companys statement of cash flows presented using the indirect method. a. Net income b. Depreciation expense c. Issuance of common stock d. Loss on disposal of equipment e. Purchase of a building f. Decrease in accounts payable g. Converted bonds into common stock h. Sale of long-term investment i. Payment of interest j. Increase in inventory Required: 1. Indicate whether each item should be classified as a cash flow from operating activities, cash flow from investing activities, cash flow from financing activities, or noncash investing and financing activity. 2. CONCEPTUAL CONNECTION Why is the proper classification of cash flows important?
Statement of Cash Flows The following are several items involving Tejera Companys cash flow activities: a. Net income, 60,400 b. Receipt from issuance of common stock, 32,000 c. Payment for purchase of equipment, 41,500 d. Payment for purchase of land, 19,600 e. Depreciation expense, 20,500 f. Patent amortization expense, 1,200 g. Payment of dividends, 21,000 h. Decrease in salaries payable, 2,600 i. Increase in accounts receivable, 10,300 j. Beginning cash balance, 30,700 Required: Prepare Tejeras statement of cash flows using the direct method.

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