Determining the net cash flow from operating activities

Assignment Help Managerial Accounting
Reference no: EM132203241

Lumos Inc. has an accrual basis net loss of $80,000 in 2016 and the following related items:

Depreciation expense $44,000

Accounts receivable decrease 32,000

Inventory increase 24,000

Accounts payable increase 12,000

Accrued liabilities increase 20,000

How much is Lumos' net cash flow from operating activities in 2016?

Reference no: EM132203241

Questions Cloud

Cash outflows for capital investments : 1. Huston Company, a manufacturer of office supplies, provides the following financial information:
Supply and demand functions : You are given the following equations for Demand and Supply. Find the levels of demand and supply at different price levels. Plot the demand and supply curves
Northern division break-even sales : What is the Northern Division's break-even sales? (Round your intermediate calculations to 2 decimal places.)
Operating income of the company as a whole : Determine the effect of dropping a specific product line on the net operating income of the company as a whole?
Determining the net cash flow from operating activities : How much is Lumos' net cash flow from operating activities in 2016?
Cars division had average operating : The new cars division had average operating assets totaling $17,400,000 for the year, and the used cars division had average operating assets
American investment management services : This question concerns the case study "American Investment Management Services (AIMS)."
What should be the overall effect on the company : What should be the overall effect on the company's monthly net operating income of this change?
Mountaineering model or the touring model : The firm will now be able to produce up to 23,000 pairs of either the mountaineering model or the touring model. The sales are between 17,000 and 21,000 units o

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What is the new contribution margin per haircut

Determine the annual break-even point, in number of haircuts. Support your answer with an appropriate explanation. Show calculations to support your answer.

  Purchases for each month of the first quarter

Estimate cash disbursements related to purchases for each month of the first quarter of 2012.

  Spending variance for lesinski snow

Lesinski Snow Removal's cost formula for its vehicle operating cost is $1,770 per month plus $483 per snow-day.

  Explain concept of sunk cost and opportunity cost

Explain the concept of sunk cost and opportunity cost with example and calculate the revenue needed to earn a target operating income of Rs 100,000

  Changes in cash conversion cycle

Bello Corp. has annual sales of $50,735,000, an average inventory level of $15,012,000, and average accounts receivable of $10,008,000. The company makes all purchases on credit and has always paid on the 30th day.

  The best estimate of the total variable manufacturing cost

The best estimate of the total variable manufacturing cost per unitis:

  Petaluma jewelry case - how to increase revenue

Breakeven analysis for zero profit and a second analysis to achieve an after tax target income of $240,000 for Ms. Nadeau and provide your conclusion

  How can a misstatement in one financial statement

Why are externally presented reports required to be prepared according to generally accepted accounting principles

  Do you agree with your friends analysis

A friend of yours has just purchased a house and has taken out a $50,000, 11 percent mortgage, payable at $476.17 per month.- Do you agree with your friend's analysis? Explain.

  Standard machine-hours level of activity

The denominator activity of 31,440 machine-hours is used to compute the predetermined overhead rate.

  Estimate the effect on sales revenue

Estimate the effect on sales revenue resulting from the planned change in fee structure for the next financial year, which starts 1 October and ends on 30 September. State any assumptions that you need to make.

  The ski pro corporation which produces and sells to

the ski pro corporation which produces and sells to wholesalers a highly successful line of water skis has decided to

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd