Determine the dollar value of cash provided

Assignment Help Managerial Accounting
Reference no: EM132929238

Question - Ocean Pines Company had net income $475,000. They also had depreciation expense of $100,000, an increase or (decrease) in accounts receivable of $80,000, and an increase or (decrease) in inventory of $-35,000. 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. A negative number for accounts receivable or inventory indicates that the balance decreased. Enter as a whole number (no cents).

Reference no: EM132929238

Questions Cloud

Compute adjusted gross profit : Compute adjusted gross profit assuming that any over- or underapplied overhead balance is adjusted directly to Cost of Goods Sold
Commonly confused in everyday life : Race and ethnicity are terms that are commonly confused in everyday life. What stood out to you about their discussion?
Digestive system and respiratory system : Are there for the purpose of protecting and supporting the entrance to the digestive system and the respiratory system.
What is the value of the NPV for this project : The tax rate is 23 percent and the required return for the project is 10 percent. What is the value of the NPV for this project
Determine the dollar value of cash provided : They also had depreciation expense of $100,000, an increase or (decrease) in accounts receivable of $80,000, Determine the dollar value of cash provided
Describe the labour relation for human resources functions : Identify and describe the Labour Relation for Human resources functions of the organization York District School Board.
What is the carrying amount of the plant on June : What is the carrying amount of the plant on 30 June 2021? Saya Limited depreciates all items of PPE at 20% per annum straight-line method
Support or reject the death penalty : The newly-elected governor of your state is considering whether to support or reject the death penalty.
What strategies or actions will you advise to lq management : Lahore-Qalendars (LQ) is struggling to build a strong cricket team for the upcoming PSL. There have been conflicts and disagreements among players.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What the amount of the direct materials quanitiy variance is

What The amount of the direct materials quanitiy variance is? The standard costs and actual cost for direct materials for the manufacture of 2,500

  What is the result for BX company

BX company underestimated the manufacturing overhead budget and underestimates the activity base for the year, what is the result?

  What is the balance in the cash account for patrick company

Patrick company had the transactions, What is the balance in the cash account? The company paid $2,000 for six months of rent. The rent was paid in advance.

  Explain the meaning of sunk costs

Explain the meaning of sunk costs and opportunity costs and their roles in the decision-making process. Be sure to discuss how they compare

  What was the root-cause

What was the root-cause which shift the industry from traditional costing to ABC system, Explain with at least two examples. In detail

  Determine what are the trends on a common-size basis

Determine What are the trends on a common-size basis? What would be your next steps in completing a thorough analysis of the trends?

  What principal focus is on in making sound capital budget

In making sound capital budgeting decisions, the principal focus is on? Accounting-based measures of revenues and expenses./After-tax cash flows only.

  Determine the denominators to be used in the calculation

Determine the denominators to be used in the calculations of cost per equivalent unit for materials and conversion costs.

  Calculate the predetermined overhead rate

Calculate the predetermined overhead rate for each department - Calculate the total cost of Job 842 - Calculate the predetermined overhead rate for each

  Identify three areas where break-even analysis might be used

Identify three areas where break-even analysis might be used. For each area, identify the revenues, variable costs, and fixed costs that would be used

  What would be the relevant cost for setting minimum price

If the company wishes to sell them through regular sales channels, what would be the relevant cost for setting the minimum price? Explain.

  Find how much peso sales required to earn a target income

Find How much peso sales are required to earn a target income of P80,000 if total fixed costs are P100,000 and the contribution margin ratio is 40%?

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