Reference no: EM13555634
Effect of transactions on cash flows
State the effect (cash receipt or payment and amount) of each of the following transaction, considered individually, on cash flows:-
a. Sold equipment with a book value of $65,000 for $83,000.
b. Sold a new issue of $400,000 of bonds at 98.
c. Retired $550,000 of bonds, on which there was $5,000 of unamortized discount for $560,000.
d. Purchased 2,000 shares of $25 par common stock as treasury stock at $50 per share.
|
End of Year
|
Beginning of Year
|
|
Cash
|
$100,800
|
$107,100
|
|
Accounts receivable (net)
|
127,800
|
132,120
|
|
Inventories
|
252,000
|
227,700
|
|
Prepaid expenses
|
14,040
|
15,120
|
|
Accounts payable (merchandise creditors)
|
112,680
|
119,520
|
|
Salaries payable
|
16,200
|
14,850
|
e. Prepare the cash flows from operating Activities section of the statement of cash flows, using the indirect method.
If the direct method had been used, would the net cash flow from operating activities have been same? Explain.
|
What is the specific gravity of the unknown liquid
: An object hangs from a spring balance. The balance registers 30 N in air, 20 N when the object is immersed in water, What is the specific gravity of the unknown liquid
|
|
What is the velocity of the human
: A human cannon ball is launched at 25.0 m/s at an angle of 30.0 degrees from horizontal. What is the velocity of the human after 0.540 seconds in terms of i and j
|
|
Evaluate the energy for vacancy formation in some metal
: Calculate the energy (in eV/atom) for vacancy formation in some metal, M, given that the equilibrium number of vacancies at 404oC is 7.40E+23 m-3. The density and atomic weight for this metal are 15.9 g/cm3 and 65.20 g/mol, respectively.
|
|
Estimate the frequency heard by the engineer on trai
: Two trains on separate tracks move toward each other. Train 1 has a speed of 127 km/h; train 2 a speed of 80.0 km/h. What is the frequency heard by the engineer on train 1
|
|
Effect of transactions on cash flows
: Prepare the cash flows from operating Activities section of the statement of cash flows, using the indirect method - Effect of transactions on cash flows
|
|
Compute how much work does the engine do
: An engine operates between temperatures of 280 K and 700 K at 62.0 % of its maximum efficiency. how much work does the engine do
|
|
Set up t-accounts and enter the beginning balances
: Journalize the transactions for the current year, 2003, using the accounts listed on the financial statements and other appropriate accounts
|
|
Evaluate the weight percent of gold
: Gold forms a substitutional solid solution with silver. Compute the weight percent of gold that must be added to silver to yield an alloy that contains 6.5 × 1021 Au atoms per cubic centimeter.
|
|
Mans thighbone has a relaxed length
: A 91-kg man’s thighbone has a relaxed length of 0.50 m, across-sectional area of 7.0 x 10^–4 m^2, and a Young’s modulus of 1.1 x10^10 N/m^2. By how much does the thighbone compress when the manis standing on both feet?
|