Can you answer the financial accounting question? Calculate the amount of cash flow from operating activities from the following information. Cashreceived from customers is $420,000, cash paid for wages and expenses is $230,000, depreciationof motor vehicles is $24,000, cash received from the sale of equipment is $25,000, and gain on thesale of the equipment is $23,000.a. $215,000b. $166,000c. $190,000d. $191,000

Step 1: Define Cash FlowThe movement of cash or money in and out of the organization is termed cash…

Answered: Calculate the amount of cash flow from…

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

ChapterMB: Model-building Problems

Section: Chapter Questions

Problem 14M

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Which item is added to net income when computing cash flows from operating activities? a. Gain on the disposal of property, plant, and equipment b. Increase in wages payable c. Increase in inventory d. Increase in prepaid rent Use the following information for Multiple-Choice Questions 11-9 and 11-10: Cornett Company reported the following information: cash received from the issuance of common stock, $150,000; cash received from the sale of equipment, $14,800; cash paid to purchase an investment, $20,000; cash paid to retire a note payable, $50,000; and cash collected from sales to customers, $225,000.
a machine with a cost of 152,000 and accumulated depreciation of 96,000 is sold for 48,800 cash. the total amount related to this machine that should be reported in the operation section of the statement of cash flow under the indirect method
A machine with a cost of $146,000, accumulated depreciation of $93,000, and current year depreciation expense of $21,000 is sold for $46,400 cash. The amount that should be reported as a source of cash under cash flows from investing activities is: Multiple Choice $46,600. $6,600. $21,000.
Subject: acounting
8. State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows:12. Sweeter Enterprises Inc. has cash flows from operating activities of $300,000. Cash flows used for investments in property, plant, and equipment totaled $63,000, of which 60% of this investment was used to replace existing capacity.
Dora Inc. reported the following on the company's statement of cash flows: Net cash flows from operating activities $380,000 Net cash flows used for investing activities (130,000) Net cash flows used for financing activities (230,000) 65% of the net cash flows used for investing activities was used to purchase property, plant, and equipment. What is the free cash flow? a.$250,000 b.$295,500 c.$464,500 d.$150,000
Sales are 2,000,000. COGS are 1,000,000. Depreciation is 300,000. Taxes are 150,000. SG&A is 100,000. Interest Expense is 75,000. What is Operating Cash Flow? Please explain
Determine the cash fixed costs which are used when calculating EBDAT: Administrative expenses = $100,000; Rent expenses expenses = $50,000; and Interest expenses = = $70,000; Depreciation $20,000.
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Calculate the operating cash flows from the following data: Sales: $2,190,000 Cost: $815,000 Depreciation: $290,000 Tax rate: 21% Life: 3 years $857,150 O $1,147,150 O$1,085,000 O s1,375,00
Laser World's income statement reported total revenues of $920,000 and total expenses (including $44,500 depreciation) of $775,000. The balance sheet reported the following: Accounts Receivable-beginning balance, $57,000 and ending balance, $59,000; Accounts Payable-beginning balance, $23,000 and ending balance, $29,000. Therefore, based only on this information, the net cash flows from operating activities were: eBook Multiple Choice $96,800. $149,000. $185,650 O $193,500. Mc Graw Hill P Type here to search Ps Ps 98% A 4x A dx 6 *** Prtse Isert Delete F10 FII F1R & * 3 5 Num Lock 4 6 8. 9. Backspace T U G J K Enter V B > Shi Alt * Pgup Alt Ctrl Home PgDn : - O O O O

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