Rose's Pty Ltd has the following data from its accounting records for the month ended 31 March 2021: Account 2$ Account $ Depreciation expense 26 400 Dividends paid 16 000 189 400 Acquisition of equipment Cash receipts from customers 25 000 Payment of wages 78 900 Interest received 1 700 Cash sales ? Payment to suppliers 162 300 Profit on sale of equipment 3 200 Tax paid to government 12 000 Payment of interest 19 400 Repayment of loan 17 400 The Net Cash Flow from Operating activities is $58,500, cash sales amount equals to: Select one: O a. 160,000 O b. 180,000 O c. 140,000 O d. 120,000

Rose's Pty Ltd has the following data from its accounting records for the month ended 31 March 2021: Account 2$ Account $ Depreciation expense 26 400 Dividends paid 16 000 189 400 Acquisition of equipment Cash receipts from customers 25 000 Payment of wages 78 900 Interest received 1 700 Cash sales ? Payment to suppliers 162 300 Profit on sale of equipment 3 200 Tax paid to government 12 000 Payment of interest 19 400 Repayment of loan 17 400 The Net Cash Flow from Operating activities is $58,500, cash sales amount equals to: Select one: O a. 160,000 O b. 180,000 O c. 140,000 O d. 120,000

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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Using the information below, complete the operating cash flow section of the Statement of Cash Flows for Peter Ltd using direct method. Your presentation must be consistent with the requirements of AASB107. Ignore tax. Reporting date is 30 June. The balances of selected accounts of Peter Ltd at 30 June 2021 and 30 June 2022 were ($000): 2021 2022 Cash 3850 1200 Inventory 3750 4250 Accounts receivable 2800 3500 Allowance for doubtful debts 320 260 Land 5000 5000 Plant 2750 2800 Accumulated depreciation 490 450 Accounts payable 3200 3500 Rent payable 100 130 Salaries payable 120 190 Share capital 1000 1000 Sales (on credit) 7750 6550 Cost of goods sold 1250 1100 Doubtful debts expense 280 300 Rent expense 540 450 Salaries expense 800 750 Depreciation expense 260 180 Required: Peter Ltd’s operating cash flow section extracted from the Statement of Cash Flows for year ended 30 June 2022 (Direct Method)
Bannister Company reported operating expenses of $375,000 for 2020. The following data were extracted from the company's financial records: 12/31/19 12/31/20 $ 60,000 $ 69,000 Prepaid Expenses Accrued Expenses 210,000 255,000 On a statement of cash flows for 2020, using the direct method, cash payments for operating expenses should be O a. $339,000 O b. $321,000 O C. $411,000 O d. $429,000
The following are excerpts from Hamburg Company’s statement of cash flows and other financial records. From Statement of Cash Flows: Cash flows from operating activities $433,104 Cash flows from investing activities -13,381 Cash flows from financing activities -221,035 From other records: Capital expenditure costs 18,547 Cash dividend payments 12,864 Sales revenue 465,762 Total assets 446,698 Compute free cash flow.
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The following income statement was drawn from the annual report of Newtown Company: Cash revenue $ 69,800 Depreciation expense (24,900) Accrued interest expense (10,400) Cash operating expenses (29,700) Operating income 4800 Gain on sale of equipment 2600 Net income $ 7400 What is the net cash flow from operating activities? Group of answer choices $40,100 $42,700 $35,300 $32,700 Training
S Company reported net income for 2021 in the amount of $400,000. The company's financial statements also included the following: Increase in accounts receivable $ 80,000 Decrease in inventory 60,000 Increase in accounts payable 200,000 Depreciation expense 104,000 Gain on sale of land 148,000 What is net cash provided by operating activities under the indirect method? O $432,000. O $536,000. O $580,000. O $832,000.