User Account

All Pages

Compute the net cash provided by operating activities

Assignment Help Accounting Basics
Reference no: EM131730365

Question - Felix Skateboards Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement:

Felix Company Income Statement Year Ended December31, 2017

Sales Revenue $250,000
Interest Revenue 2,200
Gain on Sale of Plant Assets 5,100
Total Revenues and Gains
$257,300
Cost of Goods Sold 124,000
Salary Expense 41,000
Depreciation Expense 14,000
Other Operating Expenses 23,000
Interest Expense 1,900
Income Tax Expense 5,200
Total Expenses
209,100
Net Income(Loss)

$48,200

Additional information provided by the company includes the following:

1. Current assets, other than cash, increased by $20,000.

2. Current liabilities decreased by $1,500.

Compute the net cash provided by (used for) operating activities.

A. $35,600

B. $40,700

C. $26,700

D. $11,700

Reference no: EM131730365

Questions Cloud

Private insurance claim : What information is needed for a workers' compensation claim that is not needed for a private insurance claim?
What is the customer segment for this particular product : What is the customer segment for this particular product, line of products, or brand?
Businesses today that enables unethical dealings : What is available to businesses today that enables unethical dealings?
What is the mean cholesterol level for the sample : The dataset cholest on the companion website includes cholesterol levels for heart attack patients and for a group of control patients.
Compute the net cash provided by operating activities : Felix Skateboards Company uses the indirect method to prepare the statement of cash flows. Compute the net cash provided by (used for) operating activities
Determine a venture sustainable growth rate : Describe the main factors that determine a venture's sustainable growth rate. What are the key assumptions in the sustainable growth model?
Define the intrinsic value of washington daily : What will you do to improve the intrinsic value of Washington Daily. Please list two most critical improvements that you will make
Gambling goes global on the internet : Based on case " Gambling goes global on the internet"
Create microsoft access sql queries to analyze the data : You import a list of network protocols and match them to the appropriate OSI Layer. Create Microsoft Access SQL queries to analyze the data.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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