Student Painters had revenues of $17,700 and expenses of $10,700 last summer. There were no depreciation expenses. However, thebusiness reported the following changes in working capital:Accounts receivableAccounts payableBeginning ofYear$ 2,9001,040End of Year$ 6,200470Calculate net cash flow for the business for this period.Net cash flow

Step 1:Computation of the net income for the period:Net income = Revenues-Expenses-Depreciation=…

Answered: Student Painters had revenues of…

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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Student Painters had revenues of $17,400 and expenses of $10,400 last summer. There were no depreciation expenses. However, the business reported the following changes in working capital: Beginning of Year End of Year Accounts receivable $ 2,600 $ 5,900 Accounts payable 980 440 Calculate net cash flow for the business for this period.
I need help on this problem. Pearce Enterprises reported the following information for the past year of operation: Transaction Free Cash Flow $250,000 Operating-cash-flow-to-current-liabilities raition 1.0 times Operating-cash-flow-to-capital-expenditures ratio 3.0 times a) Recorded credit sales of $9,000 b) Collected $4,000owed from customers c) Purchased $28,000 of equipment on long-term credit d) Purchased $16,000 of equipment for cash e) Paid $10,000 of wages with cash f) Recorded utility bill of $1,750 that has not been paid For each transaction, indicate whether the ratio will (I) Increase, (D) decrease, or (N) have no effect.
Need help calculating: A. Economic value added and B. Return on Capital
Gamma Corporation reported Net Income of $85,000 for FY2021. In addition, selected accounts showed the following information: Accounts Receivable Accounts Payable Buildings Depreciation Wages Payable $2,000 increase $1,200 decrease $3,000 decrease $3,000 increase $6,000 increase What was the amount of cash provided by operating activities?
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. During
I want to this question answer general Accounting
Cash flow from operating activity????
Kela corporation reports net income of 570,000 that includes depreciation expense of 77,000 also cash of 47,000 it was borrowed on a three year note payable based on the data total cash inflows operating activities are
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need best help with working
Direction: Study the given data below and compute for (1) the cash generated/used in financing activities, (2) the net change in cash for the year, and (3) prepare the CFS for the year. Learning is Fun Company has presented the following in order to aid the account in preparing CFS during the month. Net income: P200, 000 Depreciation expense: P25, 000 Gain on sale on property and equipment: P100. 000 Decrease in trade and other receivables: P 70, 000 Purchase of property and equipment: P200, 000 Payment of loan from bank: P150, 000 Compute for the cash generated/used in financing activities. Based on the given above, compute for the net change in cash for the year.
Cash Flows from (Used for) Operating Activities The income statement disclosed the following items for the year: Depreciation expense $42,700 Gain on disposal of equipment 24,890 Net income 328,300 The changes in the current asset and liability accounts for the year are as follows: Increase (Decrease) Accounts receivable $6,650 Inventory (3,780) Prepaid insurance (1,420) Accounts payable (4,510) Income taxes payable 1,420 Dividends payable 1,000 a. Prepare the Cash Flows from (used for) Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Statement of Cash Flows (partial)

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