Accounts receivable increase (decrease)Inventory increase (decrease)Accounts payable increase (decrease)Accrued liabilities increase (decrease)40,000(20,e00)24,000(44,e00)20,000(10,000)(22,000)12,000(4,000)10, еее14,000(8,000)For each separate company, compute cash flows from operations using the indirect method. (Amounts to be deducted should beindicated by a minus sign.)Cash Flows from Operating Activities (Indirect)TwixDotsSkorNet lossAdjustments to reconcile net income to net cash provided by operating activities:Accounts payablences2$2$0 $< Prev5 of 14Next > Twix$ 4,00030,00040,е(20,000)24,000(44,000)DotsSkorNet incomeDepreciation expenseAccounts receivable increase (decrease)Inventory increase (decrease)Accounts payable increase (decrease)Accrued liabilities increase (decrease)$100,e008,00020,000(10,000)(22,000)12,000$ 72,00024,000(4,000)10,00014,000(8,000)For each separate company, compute cash flows from operations using the indirect method. (Amounts to be deducted should beindicated by a minus sign.)Cash Flows from Operating Activities (Indirect)TwixDotsSkorNet lossAdjustments to reconcile net income to net cash provided by operating activities:Accounts payable< Prev5 of 14Next >

Cash Flow from Operating Activities - Cash flow from Operating Activities includes all the operating…

Skor Twix $ 4,000 30,000 40,000 (20,000) 24,000 (44,000) Dots 72,000 24,000 (4,000) 10,000 14,000 (8,000) 2$ Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued liabilities increase (decrease) $100,000 8,000 20,000 (10, еее) (22,000) 12,000 For each separate company, compute cash flows from operations using the indirect method. (Amounts to be deducted should indicated by a minus sign.) Cash Flows from Operating Activities (Indirect) Twix Dots Skor Net loss Adjustments to reconcile net income to net cash provided by operating activities: Accounts payable

Skor Twix $ 4,000 30,000 40,000 (20,000) 24,000 (44,000) Dots 72,000 24,000 (4,000) 10,000 14,000 (8,000) 2$ Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued liabilities increase (decrease) $100,000 8,000 20,000 (10, еее) (22,000) 12,000 For each separate company, compute cash flows from operations using the indirect method. (Amounts to be deducted should indicated by a minus sign.) Cash Flows from Operating Activities (Indirect) Twix Dots Skor Net loss Adjustments to reconcile net income to net cash provided by operating activities: Accounts payable

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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Question: Use the information given below. Accounts Payable $125,000 Accounts Receivable $175,000 Accrued Expenses $80,000 Cash $50,000 Common Stock $20,000 Cost of Goods Sold $400,000 Depreciation Expense $30,000 Gross PPE $700,000 Inventory $250,000 Long Term Debt $150,000 Net PPE $250,000 Note Payable $30,000 Operating Expenses $200,000 Sales Tax Expense Total Equity $950,000 $25,000 $340,000 What is the value of total assets?
Probability of financial Value of debt distress $0 0% $2,500,000 1% $5,000,000 2% $7,500,000 4% $10,000,000 8% $12,500,000 16% $15,000,000 32% $20,000,000 64%
Complete the aging schedule. Number of Days Accounts Outstanding Receivable Estimated % Uncollectible 0-45 days $ $734,000 2% 46-90 days 265,000 5% Over 90 days 106,000 15% Total $1,105,000 +A $ Total Estimated Uncollectible Acco
Breanna Inc. Accounts receivable$10,700Accumulated depreciation 50,800Cost of goods sold 123,000Income tax expense 8,000Cash 62,000Net sales 201,000Equipment 128,000Selling, general, and administrative expenses 32,000Common stock (8,700 shares) 90,000Accounts payable 14,300Retained earnings, 1/1/19 30,000Interest expense 5,600Merchandise inventory 38,600Long-term debt 38,000Dividends declared and paid during 2019 16,200 Item1 Time Remaining 2 hours 32 minutes 36 seconds 02:32:36 Item 1 Time Remaining 2 hours 32 minutes 36 seconds 02:32:36 The information on the following page was obtained from the records of Breanna Inc.: Accounts receivable $ 10,700 Accumulated depreciation 50,800 Cost of goods sold 123,000 Income tax expense 8,000 Cash 62,000 Net sales 201,000 Equipment 128,000 Selling, general, and administrative expenses 32,000 Common stock (8,700 shares) 90,000 Accounts payable 14,300 Retained earnings, 1/1/19…
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View Policies Current Attempt in Progress A company has the following balances: Sales revenue $312.000: Sales Returns and Allowances $2.000: Sales Discounts $4,000: Cost of Goods Sold $184,000: Operating Expenses $84,000. Assume there are no other revenues, other expenses, or income tax expense. How much is the profit margin? O 16.0% O 12.2% O 12.4% O 41.0 % eTextbook and Media Hint 4 ! Save for Later Using multiple attempts will impact your score 10% soore reduction after attempt 1 Attempts; unlimited Submit Answer
18 A company understated its income and accounts receivable last year by $5,000 Which entry should be made in the current year to correct this material error? O Debit Sales for $5,000; Credit Retained Earnings for $5,000 O Debit Accounts Receivable for $5,000; Credit Retained Earnings for $5,000 Debit Retained Earnings for $5,000; Credit Accounts Receivable for $5,000 Debit Retained Earnings for $5,000; Debit Sales for $5,000
Years Revenue Cash Expense Book Depreciation Book Income Pre-Tax Book Tax at 32% After Tax Book Income Financial Measures Profit Margin % Net Assets ROA % Cashflow Revenue Cash Expense Tax Depreciation Pretax Income Tax at 32% After Tax Income After Tax Cashflow Cumulative Cashflow Payback Period Present Worth 10 PW12 PW15 IRR PV Index(15) Facility Cost Income Tax Rate 0 C. -9.5 d. -12.4 $ 100,000.00 2.2 Years 91740.92679 0.395702526 1 0.684350818 $ 100,000.00 32% $30,000.00 $100,000.00 $120,000.00 $140,000.00 $150,000.00 $150,000.00 $50,000.00 $60,000.00 $70,000.00 $75,000.00 $75,000.00 2 $20,000.00 $20,000.00 $20,000.00 $20,000.00 $20,000.00 $0.20 $20,400.00 $27,200.00 $0.26 $9,600.00 $12,800.00 $16,000.00 $17,600.00 $17,600.00 $20,400.00 ($100,000.00) $40,400.00 $51,040.00 ($100,000.00) -$59,600.00 -$8,560.00 $40,000.00 $50,000.00 $55,000.00 $55,000.00 $0.23 3 $0.45 $36,727.27 $80,000.00 $60,000.00 $40,000.00 $20,000.00 $0.85 $1.87 4 $19,040.00 5 $34,000.00 $37,400.00 $0.24…
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The following information pertains to Guy's Gear Company: Sales $77,000 Expenses: Cost of Goods Sold Depreciation Expense Salaries and Wages Expense $48,500 5,700 11,700 65,900 $11,100 Net Income $ 3,700 7,700 Accounts Receivable Decrease Inventory Increase Salaries and Wages Payable Increase 720