what is the total amount of cash paid for operating activities? General Accounting question Eastern Electronics made the following cash payments during December 2024:Transaction Description Amount ($) Activity TypePurchase of machinery25,000?Payment of rent||3,500?Purchase of raw materials 8,200?Payment of bank loan12,000?Utility bills payment1,800?Employee salaries6,500?What is the total amount of cash paid for operating activities?a. $45,000b. $20,000c. $37,000d. $20,800

Step 1: Define Operating ActivitiesOperating activities refer to the primary revenue-generating…

Answered: Eastern Electronics made the following…

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets

Section: Chapter Questions

Problem 6AP

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G’s balance sheets for 2020 & 2021 and income statement for 2021 follow: 2020 2021 Cash $500,000 $800,000 Receivables from customers, net 600,000 600,000 Plant assets 2,800,000 2,902,583 Accumulated depreciation (900,000) (1,002,583) $3,000,000 $3,300,000 Accounts payable and other accrued liabilities 215,000 200,223 Defined benefit pension obligation 125,000 115,000 Lease liability 0 86,777 Common stock ($1 par value) 100,000 100,000 Additional paid-in-capital, common stock 677,000 677,000 Other comprehensive income 15,000 20,000 Retained earnings 1,868,000 2,101,000 $3,000,000 $3,300,000 Sales 2,950,000 Operating expenses 2,659,000 Income before taxes 291,000 Income tax expense 58,000 Net income $233,000 Additional information for G follows: During 2021, G neither purchased nor sold any plant assets. G’s plant assets caption on its balance sheet includes G’s right-of-use leased assets. On 01-01-21, G leased a machine with a useful life of 4 years. The…
Consider the following information from the Income Statement of Production Ltd. on 31st December 2022 (accounting year-end): Operating profit equals £30,000 and depreciation expense equals £2,000. In addition, consider the following information from the Statement of Financial Position of Production Ltd.: Trade Receivables Trade Payables 31st December 2021 31st December 2022 £ £ 2,500 9,000 32,000 12,000 Additional information: • Tax paid on cash during the current accounting year amounts to £12,500 • Gain on asset disposal equals £1,000. Considering all the previous information from Production Ltd., which of the following statements is true on 31st December 2022? O a. Production Ltd. shows a negative net cash flow from operating activities which equals -£8,000. O b. Production Ltd. shows a positive net cash flow from operating activities which equals £3,000. O c. The net cash flow from operating activities equals £0 O d. None of the answers is true.
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How much should pink report as current assets on dec. 31, 2021? Please answer in good acctg form. thanks!
Please provide answer the financial accounting question
ABC Company, as of December 31, 2021 provided the following balances: Cash, net of a P7,000 overdraft 80,000 Receivable, net of customer credit balances totaling P6,000 30,000 Inventory (P20,000 of which are held on consignment 60,000 Prepayments 10,000 Property, plant and equipment, net of accumulated depreciation of P15,000 90,000 Accounts payable net of debit balances in suppliers' accounts of P3,000 45,000 Notes payable – bank, due on July 2022 25,000 Income tax payable 15,000 17. Total current assets reported in the December 31, 2021 balance sheet is a. 176,000 b. 156,000 c. 173,000 d. 170,000
1. What is the net cash provided by operating activities? 2. What is the net cash used in investing activities?
Hardev
What is the net cash provided by operating activities?
Explain how the efficient management of assets responds to the achievement of the company's sales. Balance Sheet 2018 2019 Cash $63,000 $201,000 Accounts Receivable 199,000 305,000 Marketable Securities 81,000 42,000 Inventories 441,000 455,000 Prepaids 5,000 9,000 Total Current Assets 789,000 1,012,000 Property, Plant, and Equipment, net 858,000 858,000 Total Assets $1,647,000 $1,870,000 Account Payable $150,000 $100,000 Accruals 101,000 95,000 Total Current Liabilities $251,000 $195,000 Bonds Payable 405,000 575,000 Total Liabilities 656,000 770,000 Common Stocks 700,000 700,000 Retained Earnings 291,000 400,000 Total Stockholders’ Equity 991,000 1,100,000 Total Liabilities & Equity $1,647,000 $1,870,000 Income Statement 2018 2019…
Consider the following balance sheets and income statement for Cruyff Enterprises, and compute the cash that Cruyff received from customers. Cruyff Enterprises Balance Sheets As of December 31, 2020 and 2019 2020 2019 Assets: Cash $18,650 $ 14,900 Accounts Receivable 42,000 36,000 Inventory 60,500 50,000 Prepaid Rent 3,000 1,400 Property, Plant and Equipment 230,000 205,600 Less: Accumulated Depreciation (75,000) (65,000) Total Assets $279,150 $242,900 Liabilities and Stockholders’ Equity: Accounts Payable $26,500 $21,000 Interest Payable 650 400 Unearned Revenue 7,000 10,000 Bonds Payable 37,000 37,000 Common Stock 20,000 15,000 Additional Paid-In Capital 48,000 40,000 Retained Earnings 140,000 119,500 Total Liabilities and…
Calculate the company's operating cycle and cash conversion cycle using the given data on these financial accounting question

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