Computing net cash provided or used by operating activities

Assignment Help Accounting Basics
Reference no: EM13140934

A company's income statement showed the following: net income, $124,000; depreciation expense, $30,000; and gain on sale of plant assets, $14,000. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9,400; merchandise inventory increased $18,000; prepaid expenses decreased $6,200; accounts payable increased $3,400.

Calculate the net cash provided or used by operating activities

Reference no: EM13140934

Questions Cloud

Determining compensation expense : On January 1, 2009, D Corp. granted an employee an option to purchase 6,000 shares of D's $5 par common stock at $20 per share.
Determine the activation energy for this reaction" : A reaction is followed and found to have a rate constant of 3.36 x 10^4 M-1S-1 at 344 K and a rate constant of 7.69 M-1s-1 at 219K. Determine the activation energy for this reaction"
What is the organization total revenue : If the interest rate that the firm must pay to borrow capital is 25%, then if the firm borrows the optimal amount of capital, what is the organization's total revenue?
Complete the animal phylogenetic tree : Complete the animal phylogenetic tree, choose 2 animal phyla and discuss how closely related they are based on characteristics in the tree.
Computing net cash provided or used by operating activities : A company's income statement showed the following: net income, $124,000; depreciation expense, $30,000; and gain on sale of plant assets, $14,000. Calculate the net cash provided or used by operating activities
Using theories of international trade : using theories of international trade and investment explain brazil's intentions
Define what is the maximum allowable value xmax : What is the maximum allowable value Xmax of X? The system is built with X-Xmax. An engineer argues that the host on the sort side of the bridge can use a minimum frame length shorter than 512 bits if they are talking to other hosts on the same sid..
Interest capitalization begin on a qualifying asset : Which of the following is not a condition that must be satisfied before interest capitalization can begin on a qualifying asset?
Describe aquatic systems that are hypereutrophic : Hypereutrophication is a major environmental concern. Describe aquatic systems that are hypereutrophic, including the causes/sources of the hypereutrophication. Also, state the problems associated with hypereutrophication that are faced by the bio..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Is there a perfect method that be used by all companies

Inventory is an important asset for merchandisers. Considering the various methods of valuing inventory and the flow of merchandise, what are the strengths and weaknesses of each method? Why would a company chose one method over another? Is there ..

  Acquisition of the dandy dime

When one media company buys another, goodwill is often the most costly asset acquired. World media paid $700,000 to acquire-Journalize World Media's acquisition of The Dandy Dime.

  Find the management discussion and analysis

you will be reading portions of the 2011 Comprehensive Annual Financial Report (CAFR) issued by Broward County, Florida. You will be asked to prepare "executive summaries" of the information reported.

  Business processes and control

Of all the business processes in the Accounting Information Systems (AIS), which do you think is the hardest to control and why? Be specific in your discussion of internal controls.

  How many units must the company sell next year

During the past year a company had total fixed costs of $70,000. Its product sold for $9 per unit. Variable costs during this time equaled $5 per unit.

  Standard direct material cost for cloth

The cost of the cloth is $3 per yard. The standard direct material cost for cloth per unit of finished product is:

  Who are the stakeholders in this situation

Who are the stakeholders in this situation? What are the ethical issues involved? What would you do?

  How much is the additional revenue to be charged

A company estimates that ordering costs are $2.00 per order, picking costs are $1.00 per unique item ordered, packing costs are $0.07 per item, and return costs are $40.00 per return. A customer orders $8,000 worth of goods with direct costs of $6..

  What yield would you predict for ech of these two investment

Suppose you are considering two possible investment opportunities; a 12-year Treasury bond and a 7-year, A-rated corporate bond. The current real risk-free rate is 4%; and inflation is expected to be 2% for the next 2 years, 3% for the following 4..

  What is the importance of cash discounts

What's the relationship between the acquisition and payment cycle and the inventory and warehousing cycle in the audit of a manufacturing company?

  Determine which capital investment will give them best rest

Capital investments are the key to the future of every company. These investments initially cost a company thousands to billions of dollars.

  Compute the number of units of each product

Compute the number of units of each product that Yard Tools must sell in order to break even under this product mix.

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