Your answer is partially correct. In 2020, Pronghorn Corporation reported a net loss of $67,800. Pronghorn's only net income adjustments were depreciation expense $77,900, and increase in accounts receivable $7,700. Compute Pronghorn's net cash provided (used) by operating activities. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Net cash provided by operating activities $ 3420

Your answer is partially correct. In 2020, Pronghorn Corporation reported a net loss of $67,800. Pronghorn's only net income adjustments were depreciation expense $77,900, and increase in accounts receivable $7,700. Compute Pronghorn's net cash provided (used) by operating activities. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Net cash provided by operating activities $ 3420

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Micro Manufacturing reports net income of $866,000. Depreciation Expense is $74,000, Accounts Receivable increases $36,000 and Accounts Payable decreases $11,000. Calculate net cash flows from operating activities using the indirect method. (Negative value should be indicated by minus sign.) Net cash flows from operating activities
Condensed financial data of Nash Company for 2020 and 2019 are presented below. NASH COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 2020 2019 Cash $1,780 $1,130 Receivables 1,740 1,290 Inventory 1,610 1,870 Plant assets 1,930 1,710 Accumulated depreciation (1,210 ) (1,150 ) Long-term investments (held-to-maturity) 1,290 1,440 $7.140 $6.290 $900 Accounts payable Accrued liabilities $1,180 190 240 Bonds payable 1,410 1,590 Common stock 1,920 1,690 Retained earnings 2,440 1,870 $7.140 $6,290 NASH COMPANY INCOMESTATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $6,880 Cost of goods sold 4,650 Gross margin 2,230 Selling and administrative expenses 940 Income from operations 1,290 Other revenues and gains Gain on sale of investments 80 Income before tax 1,370 Income tax expense 540 Net income 830 Cash dividends 260 Income retained in business $570
Based on the following financial statements, convert the 2012 net income to the operating cash flow in that year. The operating cash flow in 2012 is Hint: Pay attention to the sign. Instruction: Type ONLY your numerical answer. No rounding is allowed. Income Statement Garcia Corporation Sales less: Operating Cost less: Depreciation Earnings Before Interest and Taxes less: Interest Earnings Before Taxes less: Taxes: Net Income Cash Receivable Inventory Total Current Assets Fixed Assets Total Assets 4,000 2,700 500 800 2011 200 400 600 1,200 1,500 2011 2,700 - 800 320 480 2012 230 450 700 1,380 Balance Sheet Garcia Corporation 1,500 2012 2,880 4,600 3,080 400 1,120 900 360 540 Accounts Payable. Notes payable Total Current Liabilities. Long-term Debt Common Stock Retained Earnings Total Liabilities and Stockholder's Equity 2011 100 400 500 200 1,600 400 2,700 2012 85 490 575 200 1,600 505 2,880
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Cain Incorporated reports net income of $16,200. Its comparative balance sheet shows the following changes: accounts receivable increased $7,200; inventory decreased $9,200; prepaid insurance decreased $2,200; accounts payable increased $4,200; and taxes payable decreased $3,200. Compute cash flows from operations using the indirect method. (Amounts to be deducted should be indicated by a minus sign.)
11. In 2020, Windsor Corporation reported a net loss of $69,800. Windsor’s only net income adjustments were depreciation expense $81,700, and increase in accounts receivable $8,900.Compute Windsor’s net cash provided (used) by operating activities. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Net cash by operating activities $
The net income for Swifty Corporation for 2022 was $260,100. For 2022, depreciation on plant assets was $67,800, and the company incurred a loss on disposal of plant assets of $27,100. Compute net cash provided by operating activities under the indirect method, assuming there were no other changes in the company's accounts. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis e.g. (15,000)) Ⓒ
Electronic Wonders reports net Income of $96,200. The accounting records reveal Depreciation Expense of $50,500 as well as Increases in Prepaid Rent, Accounts Payable, and Income Tax Payable of $39,400, $24,200, and $20,100, respectively. Prepare the operating activities section of Electronic Wonders' statement of cash flows using the Indirect method. (Amounts to be deducted and negative values should be indicated by minus sign.) ELECTRONIC WONDERS Statement of Cash Flowes (partial) Cash Flows from Operating Activities Adjustments for noncash effects: Changes in current assets and current liabilities: Net cash flows from operating activites
i did most part, not sure if its correct. how do i find the cash at the begining of the year? i got $ -5500 as net decraese in cash
S1-9 Brazos Medical, Inc., ended 2019 with cash of $24,000. During 2020, Brazos earned net income of $120,000 and had adjustments to reconcile net income to net cash provided by operations totalling $20,000 (this is a negative amount). Brazos paid $300,000 for equipment during 2020 and had to borrow half of this amount on a long-term note. During the year, the company paid dividends of $15,000 and sold old equipment, receiving cash of $60,000. Prepare Brazos's statement of cash flows with its appropriate heading for the year ended December 31, 2020. Follow the format in the summary problem on pages 31-32. Learning Objective 3 Prepare a statement of cash flows
Use the balance sheet and Income statement below: Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Other long-term assets Total Total assets Net sales Less: Cost of goods sold Gross profits Less: Other operating expenses $ Earnings before taxes (EBT) Less: Taxes Net income 2021 Less: Common stock dividends Addition to retained earnings Per (common) share data: Less: Accumulated depreciation (2018) Earnings before interest and taxes (EBIT) Less: Interest Earnings per share (EPS) Dividends per share (DPS) 86 203 327 85 195 305 $ 616 $ 585 CLANCY'S DOG BISCUIT CORPORATION Balance Sheet as of December 31, 2021 and 2020 (in millions of dollars) $1,115 174 $941 162 162 $1,103 $ 945 783 ITT $1,719 $1,530 Ibrity Less: Preferred stock dividends Net income available to common stockholders CLANCY'S DOG BISCUIT CORPORATION Income Statement for Years Ending…

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