Compute the net cash from operating activities

Assignment Help Financial Accounting
Reference no: EM131215646

Glitter Girl, Inc. recognized net income of $205,000 including $60,000 in depreciation expense. Additional changes from the balance sheet are as follows. Accounts Receivable $2,000 decrease Prepaid Expenses $15,000 decrease Inventory $36,000 increase Accrued Liabilities $10,000 decrease Accounts Payable $40,000 increase Compute the net cash from operating activities based on the above information.

$156,000

$117,000

$276,000

$281,000

Reference no: EM131215646

Questions Cloud

Prepare the journal entry to record item : Sandhill Corporation is authorized to issue 54,000 shares of $5 par value common stock. During 2017, Sandhill took part in the following selected transactions. Issued 5,200 shares of stock at $42 per share, less costs related to the issuance of the s..
Perform cause of change analysis : Perform a cause of change analysis from 2008 to 2011 for each of the company to disaggregate the increase in revenue from company owned stores between growth in the average number of average stores open and growth in revenue per store.
Calculate the net present value of the bond refunding : Nientindoe Corporation (NC) issued $100 million of 7.375% coupon bonds 10 years ago, with a 30 year maturity. Each bond has a par value of $1,000, and they are callable at 104% of par value. Flotation costs were 0.5%, and the bonds were initially sol..
Including the budget entry and closing entry : Compose all journal entries, including the budget entry and closing entry, required in the Term Bond Debt Service Fund for the fiscal year ending June 30, 2006. Investment revenue during the year was $11,800, all of which added to the investment bala..
Compute the net cash from operating activities : Glitter Girl, Inc. recognized net income of $205,000 including $60,000 in depreciation expense. Additional changes from the balance sheet are as follows. Accounts Receivable $2,000 decrease Prepaid Expenses $15,000 decrease Inventory $36,000 increase..
Prepare journal entries to record the foregoing transactions : Following are several transactions involving a university. In fiscal year 2017, the university was notified by the federal government that in 2018 it would receive a $580,000 grant for wetlands research. The university received a $600,000 endowment. ..
Compute the direct labor rate and efficiency variances : Top Notch Music Inc. produces car stereos. During the year Top Notch Music produced 7,000 stereos. Compute the direct material price and usage variances. Electronic kits purchased and used were 7,100 kits at an actual price of $175 per kit. Compute t..
Foreign-source income-pays foreign taxes for the tax year : Orion, Inc., a U.S. Corporation, reports foreign-source income and pays foreign taxes for the tax year as follows. Orion’s worldwide taxable income is $600,000, and U.S. taxes before the FTC are $210,000 (assume a 35% rate). What is Orion’s U.S. tax ..
What is the loss on redemption : On January 2, 2012, Nash Corporation issued $1,550,000 of 10% bonds at 98 due December 31, 2021. Interest on the bonds is payable annually each December 31. The discount on the bonds is also being amortized on a straight-line basis over the 10 years...

Reviews

Write a Review

Financial Accounting Questions & Answers

  Purpose a production budget for playclay

Purpose a production budget for Playclay for the months July, August, September, and October and Materials purchase Budget For the quarter from the data given below

  There are some critics of american corporate power who say

there are some critics of american corporate power who say that corporations have too much power and although

  What was the companys cash flow from operating activities

A company has Net Income of $20, which included $4 of depreciation expense. There were no other noncash expenses in Net Income and there were no gains or losses. Accounts receivable was $40 at the beginning of the year and $25 at the end of the year...

  Redrafting contribution margin statementsaustins shooters

redrafting contribution margin statements.austins shooters inc. operates a paintball course where customers can come to

  Comprehensive bond problem

(Comprehensive Bond Problem) In each of the following independent cases the company closes its books on December 31. Sanford Co. sells $500,000 of 10% bonds on March 1, 2014. The bonds pay interest on September 1 and March 1. The due date of the bond..

  Evaluate master budget operating income

Purpose a reconciliation of Master Budget Operating Income, Flexible Budget Operating, and Actual Operating income. and evaluate Master Budget Operating Income

  All public for-profits are audited annually

It is a SOX requirement that all public for-profits are audited annually. However, that's not the case for other types of businesses. If you think about small to mid-sized nonprofits, you may or may not have a full-blown audit every year. Would you r..

  Create the journal entry to record the sale of the building

Based on the above information create the journal entry to record the sale of the building on Jan 1, 2009.

  Assuming that the corporation had no insurance coverage

Wallace Company lost of its inventory in a fire in December just before the year-end physical inventory was taken. Merchandise with a selling price of $ 21,000 remained undamaged after the fire. Damaged merchandise with original selling price of $15,..

  Robinson corp. makes a loan to susan co.

Robinson Corp. makes a loan to Susan Co. and receives in exchange a four-year, $40,000 note bearing interest at 10 percent annually on December 31, 2015

  Difference between a deferred asset and deferred liability

Imagine that you work in an accounting firm and your boss has requested you to present an overview of the tax structure to your organization. Two presentations have been requested. The first is a presentation that explains the differences between the..

  You have just landed at temporary assignment at a small

you have just landed at temporary assignment at a small retail company in your area. the accountant who had completed

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