In 2011 Newcombe Ltd. had a net profit of $100,000 after charging an amortization expense of $50,000. Inventories had increased by $100,000 and accounts receivable had increased by $50,000 over the year. Accounts payable had remained constant at $250,000. Calculate the cash from operations.
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- Salvador, Inc. reported a net income of $2.5 million in 2008. Depreciation for the year was $260,000, accounts receivable decreased $350,000, and accounts payable decreased $280,000. Compute the net cash provided by operating activities using the indirect approach.Last year, IC Inc. had operating income of $500,000 after charging $200,000 of depreciation expense. During the year, trade accounts receiv- able increased by $50,000, and inventory increased by $25,000. Trade accounts payable increased by $10,000. Interest expense was $5,000, and income taxes totalled $200,000. Required Calculate the cash from operations for the year. DuringA company made a profit for the year of $18,750, after accounting for depreciation of $1,250. During the year, non-current assets were purchased for $8,000, receivables increased by $1,000, inventory decreased by $1,800 and payables increased by $350. The increase in cash and bank balances during the year was ........................................
- Last year Lawsby Company reported sales of P120,000 on its income statement. During the year, accounts receivable increased by P10,000 and accounts payable increased by P15,000. The company uses the direct method to determine the net cash provided by operating activities on the statement of cash flows. The sales revenue adjusted to a cash basis for the year would be:Grau Company reported sales revenue of $100,000 and total expenses of $90,000 (including depreciation) for the year ended December 31, 2013. During 2013, accounts receivable decreased by $4,000, merchandise inventory increased by $3,000, accounts payable increased by $2,000, and depreciation expense of $7,000 was recorded. The net cash inflow from operating activities for 2013 was: A) $18,000 how do you get this answer?Molino Inc. reported sales revenue of $2 million for 2020. Accounts receivable decreased $200,000 and accounts payable increased $300,000. Compute cash receipts from customers, assuming that the receivable and payable transactions related to operations.
- Garagiola Company had net income in the current year of $430,000. Depreciation expense for theyear totaled $67,000. During the year the company experienced an increase in accounts receivable(all from sales to customers) of $35,000 and an increase in accounts payable (all to suppliers) of$56,000. Compute the amount of cash provided by or used for operating activities by the indirectmethod.Naples Inc. reported sales of $2.16 million for 2022. Accounts receivable decreased $180,000 and accounts payable increased $254,000. Compute cash receipts from customers, assuming that the receivable and payable transactions are related to operations.A Co made a profit for the year of $18,750, after accounting for depreciation of $1,250. During the year, non-current assets were purchased for $8,000, receivables increased by $1,000, inventories decreased by $1,800 and payables increased by $350. What was A Co's increase in cash and bank balances during the year? A $10,650 В $10,850 C $12,450 $13,150
- Harper Outdoor Furniture, Incorporated, has net cash flows from operating activities for the last year of $360 million. The income statement shows that net income is $313 million and depreciation expense is $66 million. During the year, the change in inventory on the balance sheet was $58 million, the change in accrued wages and taxes was $35 million, and the change in accounts payable was $40 million. At the beginning of the year the balance of accounts receivable was $40 million. Calculate the end-of-year balance for accounts receivable. (Enter your answer in millions.) End of year balance of accounts receivable millionDisturbed, Incorporated, had the following operating results for the past year: sales = $22,563; depreciation = $1,360; interest expense = $1,096; costs = $16,515. The tax rate for the year was 23 percent. What was the company's operating cash flow?For the past year, Kayla, Inc., has sales of $45,407, interest expense of $3,464, cost of goods sold of $15,784, selling and administrative expense of $11,291, and depreciation of $5,690. If the tax rate is 38 percent, what is the operating cash flow?. Only correct pls dont copy pls , correct stepwise