User Account

All Pages

Calculate cash flow from operating activities use indirect

Assignment Help Financial Accounting
Reference no: EM133002186

Green Forest Corp's 2020 income statement showed the following:

Profit, $292,600; Depreciation expense, building $43,000; Depreciation expense, equipment, $6,630; and gain on sale of equipment, $7,000. An examination of the company's current assets and current liabilities showed that the following changes occured because of operating activities: accounts receivable decreased $14,550; merchandise inventory decreased $43,000; prepaid expenses increased $3,030; accounts payable decreased $7,430; and other current payables increased $1,190.

Problem 1: Use the indirect method to calculate the cash flow from operating activities.

Reference no: EM133002186

Questions Cloud

Explain the concept of bank : Explain the Concept of Bank properly with 2 examples
What should be expected one-year rate twelve months : Two-year Treasury security is 3.70%. According to the unbiased expectations theory, what should be the expected one-year rate 12 months from now?
What is peer-to-peer payment system : What is Peer-to-Peer (P2P) Payment System? please provide examples of the implementation of P2P in banking
Company weighted average cost of capital : Terence Terraforming Inc. has a capital structure of 37% debt and 63% common stock. The expected return on the firm's debt is 5.7% (pre-tax) and the expected re
Calculate cash flow from operating activities use indirect : Profit, $292,600; Depreciation expense, building $43,000. Use the indirect method to calculate the cash flow from operating activities.
What is meant by the capital market line : Explain what is meant by the capital market line in connection with portfolio theory. Make use of formulae and diagrams in answering the question.
Calculate the fair delivery price for the forward contract : For each of the followings, calculate the fair delivery price for the forward contract.
Compute how much income tax did pay : You had a taxable income of $53,600 in 2013. Assuming you are entitled to the $1000 tax credit for your child, how much income tax did you pay?
What is the company wacc : Your boss Trevor Henry was so impressed with your work on the cash budget question, that you have now been promoted to senior manager making $193,000 per year a

Reviews

Write a Review

Financial Accounting Questions & Answers

  Find the value of c such that p

Consider a t distribution with 4 degrees of freedom. Find the value of c such that P (t = c) = 0.01 . Round your answer to at least three decimal places.

  What is the npv of the decision to offer credit

The remaining 5% of sales will result in non-payment. What is the NPV of the decision to offer credit, if the required rate of return is 2% per month?

  Find the amount of the minimum annual lease payment is

On January 1, 2020, Jeckyll Ltd. signs a 8-year, Rounded to the nearest dollar, the amount of the minimum annual lease payment is

  Determine the approximate internal rate of return

BSU Inc. wants to purchase a new machine for $40,000, excluding $1,400 of installation costs. The old machine was bought five years ago and had an expected economic life of 10 years without salvage value. Determine the approximate internal rate of re..

  How would a manager use economic theory

How would a manager use economic theory to determine profit-maximizing price for a service or product and what is the process of target costing?

  Determine what are the consequences

Debt of Rp. 500,000,000 recorded by the company Dr., Equipment Rp. 500 million and Cr Cash Rp. 500 million, what are the consequences?

  Sale of equipment formerly used in the business

A positive effect could also be thought of as a source of cash, an increase in cash, or a positive amount on the cash flow statement. A negative effect could also be thought of as a use of cash, a decrease in cash, or a negative amount on the cash fl..

  What annual savings can Aqua Systems expect

Aqua System Inc. expects to have $13,118,886 in credit sales during the coming year. What annual savings can Aqua System expect

  Prepare the bank account of berol limited in general ledger

Berol Limited has a fixed deposit of R400, 00 at the bank. Prepare the bank account of Berol Limited in the general ledger

  Discuss six strategies that can be implemented to reduce

Companies' aim to have a favourable receivables turnover ratio. Discuss six strategies that can be implemented to reduce its receivable turnover in days.

  What is the cut-off rate

Issue of equity shares, the required rate on the company's new equity is 20% and the issuance cost shall be 12%. What is the Cut-off Rate

  What is the project payback

Project L costs $65,000, its expected cash inflows are $12,000 per year for 9 years, and its WACC is 9%. What is the project payback

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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