Twix$ 4,00030,00040,000(20,000)24,000(44,e00)DotsSkorNet incomeDepreciation expenseAccounts receivable increase (decrease)Inventory increase (decrease)Accounts payable increase (decrease)Accrued liabilities increase (decrease)$100,0002$8,00020,000(10,000)(22,000)12,00072,00024,000(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 income2$4,000 $100,000 $72,000Adjustments to reconcile net income to net cash provided by operating activities:Depreciation30,0008,00024,000Accounts receivable(40,000)20,000(20,000)10,0004,000Inventories(10,000)Accounts payableAccrued liabilities 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 income2$4,000 $100,000 $72,000Adjustments to reconcile net income to net cash provided by operating activities:Depreciation30,0008,000(20,000)24,000Accounts receivable(40,000)4,000Inventories20,00010,000(10,000)Accounts payableAccrued liabilities$14,000 $98,000 $90,000< Prev5 of 14Next >

Cash flows from operating activities: It is a section of Statement of cash flow that explains the…

Twix $ 4,000 30,000 40,000 (20,000) 24,000 (44,e00) Dots Skor 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 (10,000) (22,000) 12,000 72,000 24,000 (4,000) 10,000 14,000 (8,000) For each separate company, compute cash flows from operations using the indirect method. (Amounts to be deducted should be indicated by a minus sign.) Cash Flows from Operating Activities (Indirect) Twix Dots Skor Net income $ 4,000 $ Adjustments to reconcile net income to net cash provided by operating activities: 100,000 $ 72,000 Depreciation 30,000 (40,000) 20,000 8,000 (20,000) 24,000 4,000 Accounts receivable Inventories 10,000 (10,000) Accounts payable Accrued liabilities

Twix $ 4,000 30,000 40,000 (20,000) 24,000 (44,e00) Dots Skor 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 (10,000) (22,000) 12,000 72,000 24,000 (4,000) 10,000 14,000 (8,000) For each separate company, compute cash flows from operations using the indirect method. (Amounts to be deducted should be indicated by a minus sign.) Cash Flows from Operating Activities (Indirect) Twix Dots Skor Net income $ 4,000 $ Adjustments to reconcile net income to net cash provided by operating activities: 100,000 $ 72,000 Depreciation 30,000 (40,000) 20,000 8,000 (20,000) 24,000 4,000 Accounts receivable Inventories 10,000 (10,000) Accounts payable Accrued liabilities

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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= Listen Industrial Incorporated has the following account balances: COGS = 4,800; Depreciation = 600; Interest = 300; rent = 1,200; Salaries= 3,600; Sales = 12,000, Taxes = 420. Industrial Incorporated's Operating Cash Flow is_ $1,980 $1,450 $1,800 $1,680 O $1,080
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?
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Balance Sheet December 31 Assets Cash Inventory Equipment Accounts receivable Less: Accumulated depreciation $ 21,000 520,000 142,500 $ 624,000 78,000 546,000 Total assets $ 1,229,500 Liabilities and Equity Liabilities Accounts payable Loan payable Taxes payable (due March 15) $ 355,000 11,000 88,000 454,000 Equity Common stock Retained earnings $ 474,500 301,000 775,500 Total liabilities and equity $ 1,229,500 To prepare a master budget for January, February, and March, use the following information. a. The company's single product is purchased for $30 per unit and resold for $58 per unit. The inventory level of 4,750 units on December 31 is more than management's desired level, which is 20% of the next month's budgeted sales units. Budgeted sales are January, 6,500 units; February, 9,000 units; March, 11,000 units; and April, 10,000 units. All sales are on credit. b. Cash receipts from sales are budgeted as follows: January, $233,100; February, $722,857; March, $519,245. c. Cash…
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%
if you have the following information Sales 250,000 Cost of goods sold 260,000 Gross loss (10000) Operating expenses 80,000 Deprecation 20,000 Net income 110000 The following accounts increase Accounts receivable 22000 land 18000 Accounts payable 35000 building 47000 Long term investment 150000 The following accounts decrease: bonds 24000 Rent payable 25000 Common stock 35000 The cash flows from operating activities is: Select one: O a 119000 O b. 118000 O C The corect answer not available Od 115000
Problem #3 Income Statement Sales Cost of goods sold Salaries expense Depreciation expense Net income $100,000 24,000 12,000 Selected Year-End Balance Sheet Data Accounts receivable Inventory Salaries payable $160,000 $24,000 $10,000 Increase 16,000 Decrease 1,000 Increase Hampton Company Statement of Cash Flows (partial) - Indirect Method For the year ended December 31, 20X1 Increase in Accounts receivable Decrease in Inventory Increase Salaries payable Net cash provided by operating activities Cash flows from operating activities Net income Adjustments to reconcile net income to operating cash flow: Depreciation expense
A1
The following is an example of: Cash Accounts receivable Inventory Equipment Total assets 10 Multiple Choice O O Ratio analysis. Horizontal analysis. Vertical analysis. Year NOV 17 2024 $300,000 500,000 800,000 1,200,000 $2,800,000 $2,600,000 2023 $800,000 200,000 700,000 900,000 ST 2
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Using the information in appendix 1 only, comment on the financial performance of thebusiness (briefly consider growth, profitability and credit management)