User Account

All Pages

Determine the dollar value of cash provided

Assignment Help Accounting Basics
Reference no: EM132632193

Question - Ocean Pines Company had net income $500,000. They also had depreciation expense of $100,000, an increase or (decrease) in accounts receivable of $-40,000, and an increase or (decrease) in inventory of $45,000. Ocean Pines prepares their Statement of Cash Flows using the indirect method. Use this information to determine the dollar value of cash provided or (used) by operating activities. If the total is a use of cash, enter as a negative number. (a negative number for accounts receivable or inventory indicates that the balance decreased)

Reference no: EM132632193

Questions Cloud

How much is the stockholders equity in consolidated balance : Palma issued 10,000 previously unissued shares in consideration of the acquisition. How much is the stockholders equity in consolidated balance
What is your opinion concerning physician-assisted suicide : Briefly describe the state of maryland position on physician-assisted suicide. What is your opinion concerning physician-assisted suicide?
End-of-life advance directives does your jurisdiction allow : What types of end-of-life advance directives does your jurisdiction allow? What factors contributed to you selecting the specific document that you completed?
Calculate the amount of goodwill recognized at January : On January 1, 2017, Palma purchased 80% of Selda Company's outstanding shares for P2,000,000, Calculate the amount of goodwill recognized at January
Determine the dollar value of cash provided : Use this information to determine the dollar value of cash provided or (used) by operating activities. If the total is a use of cash, enter as a negative number
How do increasing opportunity costs affect the shape : How do increasing opportunity costs affect the shape of the production possibilities curve ? Provide an example that illustrates
Draw the cost curves for a typical firm : Draw the cost curves for a typical firm. Explain how a competitive firm chooses the level of output that maximizes profit
Total opportunity cost of the staycation : You are considering to take a 2 days staycation to Lantau Island during the weekend. You have already bought a round trip ferry ticket
Determine the unrealized gain or loss on the investment : Use this information to determine the unrealized gain or loss on the investment that should be reported at year end by All Good Company

Reviews

Write a Review

Accounting Basics Questions & Answers

  How BizCon could have positive net income

BizCon, a consulting firm, has just completed its first year of operations. The company's sales growth was explosive. To encourage clients to hire its services.

  By what amount will net income increase

The company is considering a proposal that will increase sales by $10,000 and total fixed costs by $6,000. By what amount will net income increase

  What are audit and internal control issues?

What are audit and internal control issues?

  Which of the following products probably would be

which of the following products probably would be manufactured using a job order costing system?a. paperb. baseball

  Examine the features of your present credit card

Examine the features of your present credit card. (If you do not have a credit card, select a likely one online for this exercise.) Given your analysis above, what are the three major disadvantages of your present credit card?

  Pacific products inc completed and transferred 55000

pacific products inc. completed and transferred 55000 particle board units of production from the pressing department.

  How much joint costs will be assigned to product a

How much joint costs will be assigned to Product A if joint costs are allocated on the basis of relative sales values?

  Compute the following use 365 days a year do not round

selected year-end financial statements of mccord corporation follow. all sales were on credit selected balance sheet

  What is the payback period on each of the projects

Capital Investment Analysis2. Data for three projects under review follow: What is the payback period on each of the following projects

  Convert march april and may to current dollars

Sales revenue for a restaurant operation is given for the months of March, April, and May of Year 0007. The index numbers are stated for each month.

  Amount of the adjustment for doubtful accounts

At the end of the current year, the accounts receivable account has a balance of $650,000, and net sales for the year total $5,500,000. Estimate the amount of the adjustment for doubtful accounts under each of  following assumptions:

  Determine the weighted-average contribution margin.

Martin, Inc., has two products: a pocket metronome (unit sales price, $25; unit variable cost, $15) and a pocket tuner (unit sales price, $14; unit variable cost,$9). the company's sales mix of the pocket metronome to the pocket tuner is 4:1 and fixe..

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