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

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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